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Simple shutting down

16

The day online bank Simple will die has finally been revealed

The day online bank Simple will die has finally been revealed

Earlier this year, we found out that the much-loved bank Simple would be shutting down, with customers transferred over to parent company BBVA. At the time, a precise date had not yet been set for this change, but today the company has sent out an email blast, notifying customers that they can anticipate the change to happen on May 8th. And if you were hoping there would be a softer transition, you're out of luck: both the Simple app and site will go dark on that date as well.

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69

There’s no good replacement for Simple

There’s no good replacement for Simple

Simple, one of the first and most popular Internet-only "neobanks," is being shut down by parent company BBVA US. As a result of the news, Simple users have taken to social media, Reddit megathreads, collaborative spreadsheets, and—of course—a Change.org petition to deal with the fallout. I've spent the last three weeks alongside them, scrambling for a replacement to share with you.

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38

Simple bank is shutting down

Simple bank is shutting down

BBVA-owned Simple has announced that it is shutting down. The popular online-only bank offered features like a smart budgeting "goals" system and a very high savings interest rate — back when high interest rates were a thing. However, BBVA has decided it's time to sunset Simple, and more information regarding the transition to servicing by BBVA directly will be available soon.

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