Simple - not your average bank!
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- เผยแพร่เมื่อ 16 เม.ย. 2016
- Simple is not your average bank. From completely changing how you handle savings and creating goals, to going above and beyond in terms of customer service. There is not much bad things to say about this awesome startup!
www.simple.com to get started!
*THIS IS NOT A PAID REVIEW. ALL OF MY OPINIONS ARE MY OWN AND NOT INFLUENCED BY ANY OUTSIDE SOURCES.
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michael@initial-focus.com - วิทยาศาสตร์และเทคโนโลยี
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If simple bank decides to go “public” & actually do commercials please make this man the spokesmen
Wells Fargo charges me $13 a month just to have a checking account. And they are a dishonest company. Online bankning is the way to go
shawn banks no....credit unions or community banks are the way to go.....I just switched from an online account
shawn banks - There should be an option to waive it- if you have direct deposit or other products.
I'm actually considering switching away from my credit union due to fees they put on their members
ethancedrik - if you have other products with them, they might not charge fees.
I have citizens, you can waive their fee easily ^.^
I am incredibly grateful to all these new startups. Wish I could join them all. I am sick and tired of all these dinosaur banks and that includes Credit Unions as well. I remember telling my wife just a couple of years ago that these traditional banks will be forced to change as soon as the wise kids figure it out. Just like the way Uber demolished the taxis. Bank of America are masters of nickel and dime. Nuff said.
WOW. You sold it for me. I am officially leaving Chase. Thanks for sharing the story.
+SkullMblem Thats who I left for Simple. I haven't regretted it at all. If you deal with a lot of cash it can be an adjustment but I truly could not be more proud of this company. If you end up joining and have any questions don't hesitate to send some questions my way!
+initial focus Are you sure you're not a Simple PR staff? haha I'm willing to check it out though for a while and see if it's worth it. Thanks for being willing to answer questions though. :)
Haha I am sure! You can always try what my friend did when I convinced him to change. He kept his old bank. Transferred a couple hundred bucks and used only Simple to test it out. Then once he was confident he transferred all his money and canceled the old account.
I love doing everything on my phone. Switched to Simple this morning and it works so far!
Proud to be a part of this incredible company! Glad to hear you like the service!
to Marshall Steves: do you work for Simple Bank? Why would they be having technical difficulties? How can be 100% certain that we can trust their online security features? I very recently received my Simple debit card. I don't care for the look of the card. I also wonder if Simple Bank is too good to be true. I watched the guy who advertised for Simple Bank on his initial focus TH-cam channel. From watching his video, I decided to sign up with Simple Bank. However, I like my Bank just fine. I have BBVA Compass Bank. I don't really know much about Simple Bank. I've only heard of them just recently. I very much feel conflicted regarding how much I trust Simple Bank, or not. It does bother me that I can't talk to one of their bankers in person. Online banking only ....I don't know, I really feel conflicted about my decision to have Simple Bank.
Heidi Robinson If you're not sure after doing your due diligence, then don't.
Heidi Robinson Simple uses BBVA Compass. In essence this is a Compass bank account with a cool looking app.
+RedLight GreenArrow
that's great get an hack that works I met a guy Williams, he's really good helped me a great deal was on the verge of loosing everything before I met him he got me 12000dollars on my bank account you all should hit him up 9207241590
I signed up for Simple thinking it was a finance managing app a la Mint. (It was late and I wasn't fully aware.) I called them to cancel initially, but after chatting with a representative I decided to give it a shot. This video has done nothing but affirm that signing up on impulse was not a mistake. Great job!
+Montel Allen wow that's a pretty awesome story! Thanks for sharing! Glad you're on that Simple train:)
This video was really good! Simple is an amazing bank and I'm so glad they exist.
Simple bank above all the other features is really great in terms of customer service. There are few times where it takes more than 10 min for them to get back to me during normal business hours.
I'm glad it worked out for you mate! I'm very happy with their experience too! I was tired of BoA so I moved the bulk of my finances to simple and haven't run into any real issues.
A+
How long did it take for you to receive your simple cards after you opened your account. It says mine will be here sept 5th (I opened my account yesterday) and didn’t know if yours arrive before the estimated date.
As a simple bank customer. I have to agree they're awesome! My soon to be wife and I are just about to open a shared account and the joy of the occasion will go down in history
+deandre5452 just set up my shared account with my fiancé! It's awesome!
initial focus congratulations 🎊. I wish you the best on your engagement!
+deandre5452 thank you 🙌🏼
deandre5452 I subbed sub back
I've been a customer of their for 3 years now. They offer unique features that more prevents me from having a regular account at brick and mortar bank because I've gotten so use to the convenience. I'm sure they will expand even more features over time.
Loved the video. I just have a question. I have a credit card which I would like to still use. I know simple doesn't have credit is the best way to just transfer money to my other account from simple and pay it that way? Thanks!
This is beyond amazing. After seeing this video, I actually went right to the Simple.com website and proceeded in becoming a Simple customer! :) I'm so excited to start this new journey with hopefully a new way of banking that could really change my goals in life. Congrats on the amazing video dude, this really saved me.
+CamtheMan 7106 glad to hear it! Hope you love it as much as I do!
Funny, i didnt notice the tattoos when we met at TCL haha ... BTW: The quality its so good! so many things going on, but still its simple and very appealing to the eye! Very nice Michael ;D
This is a great topic to cover. Please post more like this in the future. Excellent!!!
So I applied but tells me that my application fails, why is this? What can I do?
Are there any ATM eitherawl limits? what is the limit? Any fees for using the card?
I will receive my card soon in the mail. I used chime for almost a year and I really liked chime. Then I went to a traditional bank and I hated it so im going to try simple. How is this different from chime?
Got a lot of value from your review of Simple, Michael. I love this bank and am excited to try out the Goals feature. Another great app that has served as a companion to Simple is Everydollar. Helps me with staying on track with my monthly budget. Thx again. ☮ Cory
Thanks so much for your kind words! Downloaded Everydollar. looks very nice ill play with it:) Thanks for watching!
Question- do they pay interest on the savings and how much?
I've been banking with Simple since they started and I love it, better than any other bank I had in the past.
I wasn't entirely sure about what to think of Simple but the more I keep digging into it, the more I'm absolutely loving everything this bank is representing. Normally when you try to do research on something like this, you're forced to dredge through stories and trying to pick which ones seem the most truthful and pick the less evil of them all. Yet I've not seen a single negative thing about Simple that wasn't explained by someone simply not knowing what they were getting into.
Everything about this seems amazing and exactly what I'm looking for. Nothing extravagant, just a digital place to store my money and help me be smarter about how I spend it. That seems to be exactly what Simple is.
+Silver Aura that is exactly correct! You have to know what you are getting into as far as a no branch online only bank. Once you get passed that idea it's incredible. The features and support Simple offers is nothing short of amazing. Thank you so much for watching and for your comment!
Keep doing what your doing, I have just come across you channel today.
Your videos are amazing, infact this is the best video I have seen in a long time.
Keep it up, never give up on your dreams.
+TheTweekedNetwork thank you so much! I don't plan on stopping anytime soon:) thanks for watching!
Awesome awesome awesome video!! Very well made and thought, even the vibe transmitted is just so positive! Thank you very much for the video!
Thanks so much for watching!:)
my parents are letting me get a checking account and letting me choose a bank but i'm only 14 and i can't use simple even though other banks allow it and i'm so sad :(
Is it available in Europe
does this bank require a pre existing account in order to open an account with them like aspiration bank
+Asura nope. Anyone can join.
What are the atm fees
do you still have simple bank debit account if so how has it been?
Hey I just started Simple a couple of weeks ago. Since it is an online bank does that mean I can use the debit card internationally with no charge?
+Music Sound they have a feature in the app that allows you to designate traveling to make sure you don't get declined or have fees
Thank you. I have a basic cell phone but I need to get one that has apps. I would like to deposit checks through the phone.
I was just looking for a way I can just save can I just do a savings account. if so how do I do that ?
+reg trap the entire way simple is setup is to be both checking and savings. It eliminates the need for both.
I'm new to simple. Is there a way to transfer money immediately to start trying it out without a waiting period?
+Andra Green using the square cash app is the fastest and free way to transfer from one bank to the other
How do you transfer from one to another, it seems it always sets one bank as default in the app. I just signed up for Simple.
Its a great concept and i liked Simples idea. Unfortuanitly it didn't work for me it works for allot of other people! For my personality i need something quick like a Brick and Mortar building i can walk in with 0 interest. However i have High Yield Saving accounts and interest checkings but these are exceptional since i save and get something in return.
i just opened a checking and savings with Ally. should i switch to simple?
I was between simple and ally. I ultimately picked simple because they seemed more friendly and well, simple. Ally for some reason seemed kinda shady to me. I couldn't place my finger on it and I read some bad reviews. I researched for days and came to the conclusion to Simple
Tamzz R YES ITS LIFE CHANGING
Tamzz R absolutely! I save $800 since 1/17/17. Customers service is great
Hell no. I would even push you to go to Alliant Credit Union which has damn high interest rates for their checking account and savings. And to go even a step further open a discover credit card for your spending so you can actually make money out of your spending.
Frankly this simple system doesn't even seem simple. Banks are making money out of your money. Take your share. Don't let them give you nothing back in return.
In addition both discover and alliant credit union have no fees at all as long as you don't overdraft or make a late payment.
And they both have an excellent customer service they've always been able to solve any issue or request faster than any other bank.
+Lionel X some good points for people who want to gain interest rates over a longer period of time. For me and many others the features, modern design, and lack of ANY fees counting no overdraft is the reason to stay with Simple. Traditional banks make way more off you than it will ever get returned to you (obviously excluding 401k, stock accounts). All in all simple isn't a shitty bank because it doesn't have interest rates.
I really interested in joining this bank, but I've read on Nerd wallet or somewhere, that Simple temporarily freezes accounts on deposit more than $100 dollars. True? But anyway great review and the customer service sounds awesome.
+Joshua Engle if you deposit a photo check of over $200. The $200 will be available next business day like any other check and then the remaining will be released to your account the following day. I just use the Square Cash app. That's instant.
I am enjoying them!
I want to start banking with simple, but how do I know it's legit? I'm scared to put my money into an online bank because of so many scams out there...
+BigBeautyEffects57 the key with banks is to make sure you see on their website the accreditation of FDIC approved. That means even if the company goes bankrupt or anything happens your money is safe and would come from the government. Simple is FDIC approved and is as legit as any other bank:)
Gabs577 simple is legit get it on the App Store and sign up there I have it myself
Any online banking establishment can disappear overnight. That FDIC credentials that you see on online banking websites can be easily added by a savvy 10 year old. I don't trust them. Credit Unions is the way to go.
If you do your research you can easily see that a 10 year old is clearly not behind this. 5 years as a customer I think is enough.
initial focus I never said that. Some online banking establishments is what I said. While I'm sure there's plenty that are legit, how can the average consumer tell the difference? I never said Simple was not legitimate. I just don't know. I'm the type of person that if I can't smell it, see it, touch it or interact with a real person as far as my money goes when problems arise, I'm out.
awesome story of a cool sounding bank!
+Greggles TV thanks man! They are awesome. Simply can't say it enough!
i have ally. and im very happy. no atm fees. going to try simple and we will see how that works
I very recently received my Simple Bank debit card and we'll see. Simple Bank will have to earn my trust. I'm very happy with my new bank, BBVA Compass Bank. I hope I'm doing the right thing for my daughter and I by giving Simple Bank a chance.
Can I open a account If I have bad credit and owe money?
BlackEntrepreneur24 .... I think the only way you won’t be able to open one is if your in Chex systems.
Do you know if they plan to expand to Canada?
+Freddy Sulbaran not sure! Their Twitter is the best way to ask. They reply pretty fast.
Just signed up, let's see how this go.
I actually rather not talk to people lol. With Chase currently but changing to Chime and Chase is god awful. First time I got dinged for Fraud prevention and first call was fine on a different phone number. Cool right? no. Second time just 4 months later they said I couldn't use a different phone number so I had to go to a branch. It was a pain. Now I am getting charged $6 monthly fee so I am just going to chime. Chose Chime because it offers faster direct deposit so I went with that over Simple.
Do you have to split your direct deposit between your bank and simple?
+Heidi Riddell Simple is my bank so my full direct deposit goes into it.
nope you can give your employer your Simple routing and account number and it'll be direct deposited into your Simple account instead. Or you can have it go into your existing bank account and use an ACH (electronic) transfer from your current bank account to your simple bank account
Great video.
So I believe a large reason Simple seems to rock is that they aren't necessarily a bank. They abstract the technical complexities most banks suck at regarding the user interface, experience and the management of data behind the scenes. Honesty and care for the user is built into their business model which is great and encourages the interaction you spoke about. So an actual bank that is FDIC insured pays to use the Simple platform and saves overhead cost for maintaining talented SDLC teams and marketing.
At least that what I take from the comments of the Co-Founder and CEO as well as the resent notifications on Simple accounts about switching from BankCorp to BBVA compass. th-cam.com/video/H-ZWxRfWM-w/w-d-xo.html
checked the online reviews and apparently this bank sucks. since this video was made a year ago how has your experience been?
+Asura couldn’t be happier. No ones perfect. Ive read the reviews but just remember. Normally if people are happy with a service they don’t take the time to write out reviews. It’s when something goes wrong that people want to blow up on the internet. Not saying those negative reviews are fake. Just my two cents.
I just Open an account. tyvm for sharing this.
Any idea of the difference between Chime and Simple?
+donjuan914 haven't been a Chime customer. Both are online banks that seem to have some of the same features. Chime has some sort of automatic savings but not the same as simples safe to spend and goals feature.
+initial focus Do you happen to know if Direct Deposits shows up early with Simple?
+donjuan914 depends what you compare it to. When I worked at Apple when I used to have Chase my deposits went in about 3am Fridays. Simple went in 8am Fridays. I drove for Uber for a while and i got deposits into simple on Wednesday. I think it just depends on when the employer releases the funds.
Michael, good luck with your new business!
+Stefan Trasca thank you:)
is simple a bank or a prepaid debit account like bluebird by American Express?
+Scotty Oram it's a full fledged bank account. Just no physical locations. All online based.
+initial focus: I enjoyed your video about Simple Bank. I very recently received my Simple debit card. I just hope they're not too good to be true regarding their security features and online only banking. What's so wrong with wanting to talk with a Banker, in person? Simple Bank will have to earn my trust. I hope I haven't made a mistake with Simple Bank.
Does this work with Google wallet or Android pay?
+Leandro Escobar (Junk TV) works with Apple Pay. Not sure if they have announced Android pay yet. Check their Twitter they are pretty quick to reply.
I don't know about Android Pay but Google Wallet is a go!!
Google Wallet is Android Pay as far as i know.
Good stuff
simple, chime, or square?
If you are talking about square cash or the cash card, that is not a actual bank FYI. Simple and Chime have a lot of the same features and characteristics. I personally went with Simple because they are who I saw first so I joined. But I have kept my eye on Chime. At the end of the day you make sure they have the features you want, are supported by any companies you need to charge items through or ATMs near by, etc. Then just join and see how it goes. Changing banks isn't a big hassle anymore with online banks. I could cancel and move all my money over to chime if need be in a single day. Just try one out and see how you like it.
Is this a prepaid bank?
PNAS99 No, I subbed sub back
Is there direct deposit?
+87ivanjose yep!
what about depositing cash into your account
+David Ruelas you can either get a money order and scan it into the app like a check. Or u can do what I do and give the cash to my girlfriend and she square cashes (it's an app) me the money
This was so helpful. I am just now trying to tackle my financial situation and was finally able to get a full-fledged checking account with Wells Fargo after years and years of bad decision making and lofty dreams. I have Bipolar Disorder and anxiety and decision-making are the absolute death of me. I am eternally grateful to Wells Fargo for accepting me and I feel as though I have to be loyal to them for LIFE now! But I am well aware of their situation(s) and I heard recently about Aspiration, and in my research of them came across SIMPLE for the first time. And now I am spiraling out of control with decisions, haha (I literally have anxiety attacks just trying to decide at the drive thru- I am such a pain in my own ass!). My brother has been encouraging me to try the You Need A Budget budgeting software. I tried twice and I understand the concept and I know it works and I want to do it so badly, but I simply get so stressed out that I will make the wrong decision or mess something up in terms of typing in the amounts for the goals with every purchase and monitoring balances, etc., that I would rather just stick to what I do- pay all my bills first, and then use a little of the leftover for everything else! But I know that there is so much opportunity for me to stretch my dollars and make more of my situation, but I am not unrealistic about my "limitations" on handling this stuff. Hearing about Simple's Goals sort of changed my life just THINKING about it, and I haven't even signed up. I love Aspiration's no ATM fee at ANY ATM anywhere in the world as well as their much higher interest rate. HOWEVER- I NEVER use an ATM- EVER! I just get cash back at the grocery store because who uses cash anymore?? Venmo, baby! So that's sort of moot. And I also don't have much extra money sitting around to earn any worthwhile interest on so that also seems like a moot point. The thought of being able to set my goals- immediate, short term AND long term- and have Simple meet them FOR me? I mean--- I can't tell you, and this is just ME speaking for MY personal situation- the sense of relief that that is even REAL relaxes me. It sounds so stupid and it's pretty embarrassing. I am very ashamed of my financial standing because of my past struggles, but thins are going well these days (MINUS THE ELECTION!), and I am ready to take control. The problem is Wells Fargo stepped in and trusted me and so I immediately threw my loyalty t them, but I also understand they're probably being nicer to some folks to make up for some customer exits. I haven't had any problems with them this whole year. I meet all the requirements to cancel out their fees each month so I haven't really fallen victim to their bullshit yet, haha. I guess I am just worried about starting from scratch all over again, but honestly, it seems like it may be worth it. Does Simple offer check writing? I do write a check for rent every month and just bought new checks, haha, but it may be worth it. I apologize for getting really personal in this post, but I feel like this company cares about people and their specific situation and creating a win-win for them as well as us. I would love to hear of any others who made a switch from a big bank. Did you give Simple a trial run while keeping your other account active? Do you quit cold turkey and just make the jump? Really appreciate this info- I think you've sold me on Simple, sir!
Happy Thanksgiving, everyone!
+Scott Borden first off thank you very much for your personal comment! I too have lived with bi-polar disorder for most of my life so I completely understand how you feel. It can be a huge pain decision making. Let me answer your questions. I quit from Chase bank. I personally quit cold turkey but my friends who also joined slowly transitioned. Simple has really helped. Of course it takes self discipline and being true about whatever situation you are in to get good at it. But I love the fact that not only through calling but through twitter and the messaging within the app you can get a lot of help and advice. Oh and about the checks. They don't have personal checks that you get but they have a cool feature where you can create a check on their website or app and then they physically send it to whoever (in your case for rent). And it's totally free. No need to send stamps or anything. Cash is becoming useless venmo and square cash is amazing! I hope you have a good one, feel free to comment or my personal work email is on my about page. :)
I SIGNED UP FOR AND THE ACCOUNT WAS SETUP IN LESS THAN 90 SECONDS. HOLY GOD. YES, I AM WRITING IN ALL CAPS ON PURPOSE TO EXPRESS VOLUME AND EXCITEMENT, hahahaaaa
Do they support Samsung Pay?
+Jay Villamar currently I don't believe so. Tweeting at them though is best bet.
No they don’t. Chime support Samsung pay.
Hello, I signed up through your Simple link. Do you have the Referral code? I need it, to get my Simple Wallet. LOL! OR I could be mistaking!
+Montez T you can try it here! www.simple.com/friends/FDXJ724
Thank you sir!
+Montez T 👍🏼
*clears throat* chime is better
U got limga bro?
daimondwolfpack 6 your replying to a year old comment 😂💀
Ok. I have a card but no way to add money to it. Help?
You add money through the app...
@@initialfocus so wire transfer? I can't go to an ATM and deposit cash?
You can get a money order if you have cash or you can transfer from another bank doing a ACH transfer
@@initialfocus, Ok, thank you!
Am with Simple BEST BANK EVER !
Simple supports Apple Pay :)
Where you paid to do this?
Nope
I'm not going to lie, I signed up and received my card today. I was going to sign up my direct deposit. But I'm a lil scared. I hope it doesn't screw me over in any way. Knowing that they don't have very much of customer service. At least those are the reviews I've seen.
+Gilda Castro on the contrary. You won't find better customer service anywhere else I've ever seen. Definitely understand the hesitation but take it from a long time customer. I don't think you'll be disappointed. Plus they are member FDIC so that should give a little confidence in your monies security:)
+initial focus thank you for replying. I'm going to go ahead and do it. Again thank you
wonder if they support Apple Pay
+Austin Childs yup they do!
Simple is closing; BBVA USA is shutting it down which saddens a lot of happy, satisfied customers.
watching on my Oneplus 3 👍
Just a simple message
Even if I'm too young for a bank, I don't think that if this bank has more and more customers, it's gonna continue forever :/ And yeah, since I'm too young for a bank, I don't even know why I'm here haha
Oh... And I'm just speaking about the whole handwritten thing, attention to the customers...
Chase has stolen from us and me with these stupid 12 dollar monthly fees just for a checking account. Then when you overdraft, you get smacked 34 dollars EACH transaction if you didn't pay at 11pm that same day. Fuck central banks... Online baking is the future. We just need a way to deposit CASH at any atm and not just at retailers where they charge you around 5 bucks just for the service. The only down side to online baking. I use chime btw
Did Simple pay you to do this? Curious.
+David Bellerive not at all. Any video of mine that is paid or sponsored I disclose that in the video description.
That's awesome.
I prefer chime than simple
I was reading about this "Bank" and see that their interest rate is a measley .01%, thats pathetic. Not very altruistic of them. My Discover Bank account pays 1.65% interest, and they don't charge any fees. You're better off getting a high yield online account and tackling the real issue, gaining self control of your money and not relying on gimmicks to save.
That’s great that Discover has a 1.65%. Simple actually recently added a new feature that gives a 1.00% APY. Personally for me I don’t really care about that stuff. I know it’s great and important to some. Id rather have better design and the features that you call gimmicks are not gimmicks to me. Gimmicks are some flashy thing that doesn’t actually work. These features work, for me and many others.
Are you still using Simple?
Yup! Even more so now that they have shared accounts with my wife.
initial focus they are going to be releasing a new feature. Apparently it’s their “most requested feature”. I know they have been testing checks with some accounts- I hope that’s what’s coming soon!
DESTROY NYC?
RIP Simple Bank
Still think about it. Been using Lili as my small business bank and it’s definitely not the same but the closest for biz banking I’ve seen. Handful of others look interesting as well.
Just a suggestion that you use a little clip on mic because the little guy up there is a little annoying. Just a suggestion :)
+ripper 806 haha thank you for the suggestion! I was so mad it was in frame. When I was recording I record in Film dynamic range which is super flat on the display so the dead cat mic cover blended with the trees. Wasn't until editing I saw it:)
+ripper 806 Did even notice it until you mentioned it haha
Did you get those tattoos just for this?
+Noah Lichstein Yep! ......just kidding. "Think Different" Ive had for about 3 years, "Live Simply" about 2 and "Altruism" about 3 weeks.
+initial focus nice
its not that simple...there is 1% foreign transaction fees, they don't reimburse for out of network ATM withdrawals, 0.01% interate rate. your local credit union can do better than this
yo your osum