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Simple, the Online Bank, Pushes Major Update to iOS and Android Apps

Simple

Simple, a startup banking service based right here in Portland, Oregon, pushed a major update out to the iOS and Android versions of its app this morning. Version 2.0, aimed at simplifying a member’s mobile experience, brings a ton of new features that will probably help persuade even more people to switch from their traditional bank to this completely online experience. 

As for what is new for the Android users, you will now have the ability to instantly transfer funds to other Simple members through the mobile app’s Simple Instant feature. In addition, Simple has completely revamped the Goals section of the application. For those unfamiliar with Simple, the bank allows you to pull a predetermined dollar amount daily from your Safe to Spend balance, letting you create a Savings account inside of your existing Checking account. It doesn’t need to be a Savings, though. It could be a trip to Alaska, a new pair of shoes, or whatever else you might wan to save for.

To top it off, the company now lets users upload an avatar through the app, which lets you add a bit of flair to your banking profile. Of course, all of these features are bundled into a completely redone user interface, full of more White and open space.

As mentioned, the app is now available for all Android users. And if Simple interests you, be sure to check out their site and get yourself signed up.

What’s New

  • We’ve totally redesigned and rebuilt Simple from the ground up, adding new features and improving functionality based on your feedback.
  • Send money to other Simple customers instantly and for free with Simple Instant.
  • Goals is all new. It’s now easier to see your savings progress.
  • Personalize your Simple experience by uploading your own avatar.

Play Link

Via: Simple
  • Charles

    @troyhaskett:disqus Can I get an invite too? hipeboy300@yahoo.com

  • Kenneth Williams

    Can I get a invite please? illwillnukka0@gmail.com

  • Brett Seybert

    I also have email invites to share if anyone still needs one. I swear by the service and the app.

  • mgamerz

    I’ve got invites too if anyone is interested. It’s a pretty good bank. Not liking their downtime recently though, it screwed up my actual amount (and I still don’t think it is fixed).

  • Shawn John

    Avatar to banking profile for the app? Huh? A Banking social media app? I don’t need style when handling money, I need security. Forget about user profiles, what kind of security do they offer? I hope it isn’t “simple” also.

    • trixnkix637

      The best security in the world is to not have your money in a bank period. But that just my two cents.

      • Shawn John

        Well you could earn more than two cents interest from your money sitting in an account vice a shoebox.Make your money work for you, while you work to multiply it.

        • trixnkix637

          Ahh true, but it’s better to invest than to have it sit in an account. We’re slicing hairs, but we get each other’s points.

  • needa

    so what… i mail my cash to them? i never understood online only banking. my bank pays me to use my debit card every time i swipe it. local bank competition is where its at.

    • tom riddle

      direct deposit, deposit checks with mobile banking camera, transfer funds.

    • Xious

      Unless I go to an ATM and pull out cash, I actually never see it. The amount shown in my checking account (that I access online) goes up every two weeks. I use a piece of plastic that decrements that amount every time I use it. I pay my bills through the online site which transfers some of the amount in my checking from my account to theirs. So….cash? Not used much nowadays when you think of the total amount of money being exchanged in the world.

      • needa

        cash is used a lot more than you think. my buddies vape shop does around 8k a week in sales. half of that is cash. i get paid in cash from several of my stores when i deliver juices. i get that peeps with a 9to5 mostly deal with a paycheck… but there are still times when a chunk of cash is handed to them.
        when your only option is to stick the cash in an envelope and mail it to your bank… the wrong decision has been made. when you have a local bank that gives you a nickel for every ‘debit’ swipe less than $75 and a quarter for each one that is over… why would you even consider an online bank? you never have anyone you can go and talk to if a problem arises. you can never get any counseling on how to save or invest.

        sometimes… old school is the best way to go.

        • Xious

          That’s understandable, but you hit it right there. Not everyone is the same. Most people do not handle cash which is why there are options like this. I believe there are viable uses for local banks, nationwide banks, online banks, and mattresses. That doesn’t mean that people should be saying their way is better. It may be better for you but maybe not better for me.

          • needa

            from what i could tell on the simple site… they really don’t offer anything over any of my local banks. if they did, i would never have said a word. shawn john made a great point though that interest rates a sometimes higher with online banks. and that would make all the difference in the world.

        • Kevin

          I’ll agree that anyone who deals in cash regularly isn’t a good fit for an online bank. That being said, I’ve actually gone with Schwab and had a very good experience (minus the obvious cash caveat). Even though I don’t use their investment services, they’re there if I need them. So technically, I COULD call my bank to get some advice on how to save or invest. I think Schwab DOES have a few physical branches in a few major cities but not any I frequent, so it doesn’t help me any.

    • Shawn John

      Not only that, due to inconveniences of not having a physical location online banks typically offer higher interest rates on savings and cd’s etc. They try to stay competitive with the services they offer since they are up against walk in banks. Check it out ING Direct has great offer’s on CD’s, great online savings account if you need to throw “money in the dirt”. To me, true savings is an account you cannot withdrawl from with ease.

      • needa

        that is a great point. my bank, capital bank, puts my nickels and quarters into a savings account at .55%, i can add all i want to it. their regular savings is .055%. i think their cd rates right now are 2.4%. and my mother is getting 4.5% on her retirement savings, first tennessee, for another four or five years. <–ten year guarantee.
        but if online banks are trumping those figures… then i should shut up and start an account with these guys.

        • Shawn John

          No Doubt. Yeah your basically trading in your local convenience and access to teller’s for HIGHER returns. But don’t put all your eggs in one basket, keep your local and do some online, ING has ridiculous earnings on CD’s. In the long run diversity helps create wealth.

          • needa

            thanks for the advice. much appreciated.

      • mgamerz

        Simple has stated in the past it’s not a savings bank. I’ve never seen more than $0.01 interest on it in the 1.5 years I’ve been with it. If you’re looking for interest and other stuff this isn’t your bank. This bank is for SIMPLE banking – you put money in, send a check maybe once or twice for a fixed amount, and swipe debit cards. None of the REWARDS and stuff. Hence the simple.

        • Shawn John

          True. It’s definitely not for me, I would not trade in earning interest on my money for the sake of “simplicity”. I get what it’s all about, to me this would be perfect for a teen or an illegal immigrant or a disposable account. Sometimes for the simplest things, you end up paying dearly for in the long run. It does what it says on the box though and that’s good.

          • mgamerz

            Or maybe people who just want banking to be “simple”. I have no interest in spending time “optimizing” everything. It’s the same reason people buy iPhones – they don’t need (or want) all the “geeky” stuff android has – they just need it to work. But I like the touch of “illegal immigrant”, nice touch there.

          • Shawn John

            True. But not everything in life can be simplified, and I believe banking is one of them. it should not be viewed as an online shoebox, all banks float money, and if your depositing your money with them, they are making interest off your money, my things is, let me in on the action, that’s all, which is what most reputable banks do.

          • sirmeili

            Also, an online bank not having any kind of B&M to support “should” be able to give more interest to it’s users.

            As a side note though, I find credit unions are the most beneficial for normal checking/savings. I get 1% APY on my checking account. I am hard pressed to find CDs that are much higher than that. I’m not using that checking as any kind of long term investment account, but why not make some money off my money while it’s sitting there waiting to go out?

            It’s also very simple with the added benefit that I can go there 7 days a week (yes, it is open 7 days a week, 7am -> 7pm Monday though Friday), I can deposit checks via an app, and I can easily transfer between accounts in the same bank and outside banks for free.

  • J Dub

    I want to love Simple. Beware, they don’t offer shared accounts. For all the singles or couples that don’t share finances then Simple seems great. I signed up for an account only to find out that they don’t offer shared accounts.

    • Pheenix

      This has been a deal-breaker for me with them, and I’ve been watching these guys for years now.

      I wonder if they have any idea how many customers they are loosing…

      • Adam Truelove

        They’re not loosing any, as far as I know. But I bet they’re losing a lot. ;)

  • ToddAwesome

    Portland doesn’t really exist, stop it.

    • Morlok8k

      Then where am I currently?

      • ToddAwesome

        In a state of pure imagination?

  • Good_Ole_Pinocchio

    ANyone here use Simple?

    • Troy Haskett

      I use Simple, and can invite anyone that is interested.

      • Frank Baker

        I just read through their FAQ and I am highly interested

      • Birdwhale

        Could I possibly receive an invite? :D
        Sqissqis@gmail.com
        Thanks!

      • Jonathan

        Hey Troy, could I have an invite too? My chase college account is almost up and this seems perfect
        jonkrishnlal@gmail.com

        • Troy Haskett

          Sent invite

      • Guest

        Im extremely interested! Hook me up to?! bryce@bdwmedia.com

        • Troy Haskett

          Invite sent

      • Prizmatik

        Ooooooo! *Raises hand* Me too! colourmiiworld@gmail.com

        • Troy Haskett

          Sent to you

      • Derek Gauvain

        Hey if you have anymore invites, I’d appreciate one too! :D (derekgauvain@gmail.com)

        • Troy Haskett

          Sent

      • Matt

        matt @ mattsuda,com

        • Troy Haskett

          Sent!

          • Chris

            Can i get an invite too please? cdirige @ gmail.com

      • Kavin Nguyen

        could I get an invite please kavin dot vault at gmail

    • trixnkix637

      I do. I love it. Prefer it to most traditional banks. I have 10 invites available if anyone is interested as well.

      • tyguy829

        I have an account that I play with sometimes, but I’m not sure how’d I’d like it as my primary go-to account. Is it your primary and do you like it?

        • trixnkix637

          I have this and a separate major banking account. I could probably use Simple as my primary (and would if my job didn’t give out reimbursement checks that come from BofA). In my opinion USAA is still the best checking account to have because I know in the past they used to refund any & all ATM fees up to a certain dollar amount monthly.

          With Simple, no such program exists, so you’re going to have to understand that whenever you need to withdraw cash, you’ll be paying a fee (another reason for me to have a separate major banking account). Essentially if Simple could somehow reimburse or figure a way for me to not have to be charged for visiting an ATM, I would dump my other account & use them exclusively. The fact that I get a notification as soon as a charge is made is too priceless. I love that they’ve made transferring money faster & easier as well, but the hassles of fees due to the inconvenience of not having a physical branch/ATMs to visit makes it so I can’t solely rely on them for my banking needs. They are a GREAT supplement though.

          • Kevin

            This is actually the one reason I haven’t switched from Schwab to Simple. Schwab refunds every single ATM fee every month with no (apparent) limit. They also don’t have any physical branches, so getting cash into my account is nearly impossible. Still, Simple is a cool idea but the lack of ATM fee rebates is a dealbreaker for me.

          • trixnkix637

            I’ve never used Schwab, but it was always great to see those ATM rebates hit my USAA account back when I had it. Seems odd to me that Simple doesn’t do it, for me it’s not necessarily a dealbreaker, but it is a large incovenience. USAA also allowed you to deposit money via UPS stores (not sure how that worked, never got a chance to use it). Are there any other advantages to Schwab versus Simple?

          • Kevin

            I haven’t looked into Simple that closely, as the ATM fee rebates on Schwab are reason enough for me to stay…. But Schwab does offer the ability to deposit checks by taking a picture of it with your phone. I’d imagine Simple does that as well, but I don’t know for sure. My roommate has USAA and apparently they’re freaking amazing too.

          • ohshaith55

            uh yeah except for the tens of thousands of free ATMs they offer. for an example, here’s the area where i work. within a 5 minute drive, there’s more than enough options. you’d be a fool to not go to one of these ATMs which is why they don’t refund out of network charges.

            by the way, with simple 2.0, they’ve added walmart ATMs to their supported network so you’d be paying more to buy a coke and get cash back than to just use the ATM.

            obviously, in a rural area, the situation may be different, but in all the rural areas i’ve checked, there’s at least one, and that’s more than i can say for wells fargo branches

          • ohshaith55

            picture didn’t upload…

            just in case it fails again, here’s a link to it. http://www.allpointnetwork.com/atm-locators.aspx?address=Richardson,TX,United%20States

            and you can check your area as well

          • trixnkix637

            I didn’t know that. A bit of a hassle for me to constantly look up ATMs. Usually I don’t just go to a store specifically to get cash back, it’ll be a situation of me shopping or genuinely wanting a coke or a snack and it happens to work out that that’s how I get my cash back without the need of an ATM. But this is great news for people who want to save a few bucks in fees.

          • http://Twitter.com/ContestsAccount bigrob60

            You could just memorize a few atm locations around town. It would no different then memorizing branch locations. That way you won’t have to buy something to get cash.

          • trixnkix637

            That’s very true too. I’m going to check out how many are around my job & home.

          • ohshaith55

            In the app, the atm locator is right in the hamburger menu, right along with transactions, transfers, support, so on. All you have to do is enter your pin to get into the app so it’s really easy to find ATMs and should only take 30 seconds or so

          • trixnkix637

            I’m going to try that out. Thank you!

          • tyguy829

            the free atm locator is built into the simple app btw. makes it a bit more convenient

          • tyguy829

            awesome feedback, thanks so much for taking the time to give your thoughts. I think I might transfer some real money over and start using it primarily while keeping my chase account for a bit just in case. Definitely with you on the notifications bit–they’re priceless. I think an atm reimbursement program would really seal the deal on making them totally comprehensive. I might submit something to them suggesting it. Thanks again!

          • Shawn John

            Hands down USAA is the best, even their services outside of banking is phenomenal. When you get a call from a bank rep asking you if you need another 30 days to make a payment because your deployed is just pure awesomeness.

        • imaginary_one

          I would love to try simple! my email is r.gardiner602@gmail.com

          • trixnkix637

            Invite sent.

      • The Tech Ninja

        Can you invite me? rehtenk512@gmail.com

        • trixnkix637

          Just sent!

          • The Tech Ninja

            Thanks pal.

      • Branden Balles

        Hello!
        i would to try this out, please invite! thanks!! brandenballes@gmail.com

        • trixnkix637

          I need your email address to send it to you.

      • http://allaboutdroid.wordpress.com sremex

        Any chance for an invite please! littlemac48 at gmail dot com Thanks man

        Edit: or woman

        • trixnkix637

          Just sent!

          • http://allaboutdroid.wordpress.com sremex

            thanks!!!!!

      • tuan

        could you send me an invite? tuancdo@gmail.com

        • trixnkix637

          Invite sent!

      • Kirk

        I’d like one

        kirklrichards@gmail.com

        • trixnkix637

          Just sent!

      • imnotmikal

        michael@adcock.me

        please and thank you!

        • trixnkix637

          Invite sent!

          • imnotmikal

            Thank you thank you!

      • Riz Virani

        I have a question about it. How do you pull money out of an ATM? Does it charge you the $3 (or more) from most ATMs?

        • trixnkix637

          It does charge you for pulling money out of an ATM (I escape this by buying something small at a Wal-Mart, 7-Eleven, or any store that offers cash back on debit purchases). Some online banks like Schwab or USAA offer ATM fee rebates, where they reimburse you for any ATM fees you incur on behalf of the fact they have no physical branches.

      • http://movietot.com/ Bryce Warren

        Any left? Thanks! bryce@bdwmedia.com

        • trixnkix637

          Invite sent!

          • http://movietot.com/ Bryce Warren

            Thank you very much, kind sir!

      • Nathan Z

        Would love an invite if you have any left : neziglar@hotmail.com

        • trixnkix637

          invite sent.

      • Frank Baker

        Still need a invite :) baker.frank AT gmail.com

        • trixnkix637

          sent.

      • Lassen32

        I’d like an invite as well, please and thank you! tlassen@gmail dot com

        • trixnkix637

          invite sent

      • Matt

        If you have any left matt @ mattsuda.com
        thanks!

      • Jason Huber

        Hi, if you have any Simple Bank invites left I would like one. Thank you!
        jasonehuber@gmail.com

  • j

    Look at that cute lil Fisher Price My First Cellphone on the right.

    • Deeco

      LOOOL

    • bogy25

      So true – unfortunately we are the only people smart enough to point that out – the rest of the world loves that Fisher Price phone and thinks obama is the best president we ever had as a nation. Man the world sucks :(

      • geedee82

        Thanks Obama!

      • imnotmikal

        Is it really necessary two completely unrelated things like that?

      • Kevin

        ALL IPHONE USERS ARE TOOLS! AMIRITE GUYS?