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Simple shutting down

60

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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