January 26, 2021

Online-Only Bank “Simple” Shuts Down With No Equivalent Replacement in Sight

Simple started out … well, simply. In the early days, it was an invite-only, online-only bank with integrated money management tools. Imagine if your Bank App came with Mint built right into the interface. That was essentially Simple, and it grew...

Simple started out … well, simply. In the early days, it was an invite-only, online-only bank with integrated money management tools. Imagine if your Bank App came with Mint built right into the interface. That was essentially Simple, and it grew quickly. Was being the keyword because customers are getting emails that parent bank BBVA USA will shut down Simple and transition users over to its services. And it won’t be the same.

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