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Simple Bank Is Closing

oregonlive.com

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Re: Simple Bank Is Closing

#141

Post by war1025 »

e40 wrote: post #41
bigie35 wrote: post #18

Earlier quoted context omitted.

Former C1 employee: I would give Capital One another shot. Their tech and apps are best in class and and built in-house. They also contribute to the open source community (or did).

I beg to differ. Notifications for transactions stopped working. As I always do when things like this happen, I went to twitter and tweeted at them. They claim it works, yet replies on twitter beg to differ. They support people point me to a document that shows UI elements which have been removed. Still broken. Still no word from them. And there's the issue about financial software. A couple of years ago they stopped…

> Notifications for transactions stopped working.

I get an email for every debit transaction on my account. I've had to update my inbox filters a couple time because they change the email they send it from, but it's been pretty reliable ever since I set it up maybe three or four years ago.

Re: Simple Bank Is Closing

#142

Post by mirthflat83 »

resynthesize wrote: post #129
roberto8647 wrote: post #5

Earlier quoted context omitted.

People are mentioning One Finance on the Rediit thread. Not sure about the feature parity though.

I'm an engineer at One and would be happy to answer any questions people have.

Just opened up an account. App feels modern as heck. Awesome app, loving it. Keep up the work.

Re: Simple Bank Is Closing

#143

Post by [deleted] »

dcolkitt wrote: post #38
uses wrote: post #16

I've been a Simple customer since launch, and have used it as my primary bank since ING Direct was turned into Capital One. It's mildly depressing to be reminded once again that the dream of startup founders these days isn't to build something, but to sell something... specifically to a bigger company. Which will inevitably delete the thing, once it serves its use. Which is to provide presence in some kind of defensi…

I'd suggest Bank of America if you have more than $100k in stocks or index funds that you can move to Merrill. That qualifies you for free ATM refunds, and gives you access to unlimited 2.6% cash back on all credit card purchases. https://frugalprofessor.com/best-credit-card-rewards-strateg...

[deleted]

Re: Simple Bank Is Closing

#145

Post by war1025 »

bigie35 wrote: post #18
uses wrote: post #16

I've been a Simple customer since launch, and have used it as my primary bank since ING Direct was turned into Capital One. It's mildly depressing to be reminded once again that the dream of startup founders these days isn't to build something, but to sell something... specifically to a bigger company. Which will inevitably delete the thing, once it serves its use. Which is to provide presence in some kind of defensi…

Former C1 employee: I would give Capital One another shot. Their tech and apps are best in class and and built in-house. They also contribute to the open source community (or did).

On the off chance you or someone else knows:

How do I close old savings accounts in Capital One 360?

I used to have my savings split between several buckets, and now I just keep it all in one savings account, but I have four savings accounts with $0 in them because near as I can tell you aren't allowed to close them.

Re: Simple Bank Is Closing

#146

Post by vinay427 »

cko wrote: post #29
uses wrote: post #16

I've been a Simple customer since launch, and have used it as my primary bank since ING Direct was turned into Capital One. It's mildly depressing to be reminded once again that the dream of startup founders these days isn't to build something, but to sell something... specifically to a bigger company. Which will inevitably delete the thing, once it serves its use. Which is to provide presence in some kind of defensi…

I'm a happy Schwab customer. Their app isn't what you would call simple, but you can do almost all your investing and banking there (I say almost because I own some physical assets) and they refund ATM withdrawal fees.

> they refund ATM withdrawal fees

Most importantly, they do this (as well as priority mailing replacement cards) globally. I have yet to find another bank besides possibly Fidelity's checking account (?) that does this with no stated limit. It's invaluable for those who travel abroad to have access to local currencies with no hassles and a refund of all fees.

Re: Simple Bank Is Closing

#148

Post by pradn »

ac29 wrote: post #105
noirbot wrote: post #72

Earlier quoted context omitted.

My worry with most credit unions is that most of the ones commonly recommended have requirements for who can be a member, or are geographically tied. I'm unlikely to live in the same city for as long as I'd want to keep a bank account, and I'm not military or otherwise. Do you have a good recommendation for a CU that's more generally an option?

FYI: "Credit unions generally follow the principle of "once a member, always a member", which allows a member with a current credit union membership to remain a member even if they would otherwise no longer qualify to be such, such as leaving the company with whom they initially gained membership or moving outside the credit union's defined geographic area." This is certainly true for the credit union I am a member o…

Moreover, credit unions seem to have good relationships with each other. I've never actually even seen a branch of the credit union I've been using for ten years in real life. But, if I need a notarization or to deposit a cheque, I can easily visit a branch of any credit union and they are usually happy to do it for me.

I've been hit with fines for my mistakes (transferring money out of the wrong account) but I've never paid them since they are always willing to remove them via a simple text chat. (I find text chats much easier than phone calls, too.)

Re: Simple Bank Is Closing

#149

Post by resynthesize »

mirthflat83 wrote: post #142
resynthesize wrote: post #129

Earlier quoted context omitted.

I'm an engineer at One and would be happy to answer any questions people have.

Just opened up an account. App feels modern as heck. Awesome app, loving it. Keep up the work.

Nice! Thanks for the feedback.
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