Simple Bank Is Closing

#1

Post by roberto8647 » Thu, Jan 07, 2021, 6:17 PM UTC

Re: Simple Bank Is Closing

#2

Post by PascLeRasc » Thu, Jan 07, 2021, 6:26 PM UTC

I’m really sad about this. It feels like when Google Inbox shut down. Like yeah, some other services will have similar features, but not as well-done. That’s gotten a lot of praise already, but what really made Simple special for me was the language and design they use, it was so so good. I’m so thankful that it existed, it really helped me learn to manage my money.

Re: Simple Bank Is Closing

#3

Post by caycep » Thu, Jan 07, 2021, 6:27 PM UTC

ouch...the one bank with a really nice user facing app...hoping to hear more details

Re: Simple Bank Is Closing

#4

Post by alwillis » Thu, Jan 07, 2021, 6:27 PM UTC

Is there something that’s reasonably close to Simple as a replacement?

Re: Simple Bank Is Closing

#5

Post by roberto8647 » Thu, Jan 07, 2021, 6:28 PM UTC

alwillis wrote: post #4

Is there something that’s reasonably close to Simple as a replacement?

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

Re: Simple Bank Is Closing

#6

Post by meling » Thu, Jan 07, 2021, 6:29 PM UTC

Sorry to learn this... I enjoyed being their customer.

Re: Simple Bank Is Closing

#7

Post by zepto » Thu, Jan 07, 2021, 6:31 PM UTC

I used and was happy with Simple from the very beginning, right up to the point they removed the check sending facility.

It wasn’t the removal of the facility itself that caused me to leave.

It was the utterly disingenuous statement from the CEO explaining the removal.

They got a lot of pushback on this, and ultimately the CEO wrote a defensive followup which was slightly more honest, but confirmed his original disingenuity.

If Simple had sold itself as a normal bank this would have been business as usual. Not good but not unexpected.

However their original sales pitch was all about how they were going to be more honest.

It’s worth noting that this happened soon after they were acquired by BBVA and had a new CEO.

Re: Simple Bank Is Closing

#8

Post by zepto » Thu, Jan 07, 2021, 6:31 PM UTC

alwillis wrote: post #4

Is there something that’s reasonably close to Simple as a replacement?

Chime is pretty good.

Re: Simple Bank Is Closing

#9

Post by chungy » Thu, Jan 07, 2021, 6:32 PM UTC

Can someone explain what Simple was so I might understand the significance of their closure?

Re: Simple Bank Is Closing

#10

Post by Jayschwa » Thu, Jan 07, 2021, 6:34 PM UTC

This is disappointing news. Their app is pretty nice and they made shared banking with my wife easy. I also have a backup Chase account. I just fired up their mobile app for the first time in awhile. It's a slow and cluttered mess. Hopefully a spiritual successor to Simple will emerge.