Does anyone use Simple? I use Bank of America and satisfied with them. Is an online-only bank a good reason to switch? BofA has a good app and photo deposits just like Simple.
I opened a Simple account with $500 and have not done a thing since then. Anything I need to do I can do fine with Chase, Wells Fargo, and my normal credit cards that accumulate frequent flyer miles. I also have an online savings account at Capital 360 (used to be ING Direct).<p>There are two reasons I haven't done anything with Simple: (1) getting money in and getting money out seems to be a bit of a pain (or at least I don't want to spend the microseconds required to figure it out); and (2) it's not a joint account with my wife.<p>Oh. And I like the frequent flyer miles that I get on my credit card. Three reasons.<p>And my current banking is acceptable, even if it isn't overwhelmingly fabulous. Four reasons.<p>And Chase and Wells Fargo have ATMs everywhere. Five reasons why.<p>/cue Monty Python etc.<p>One of the credit unions down the street from me rebranded itself as Simplicity Bank. <a href="http://simplicitybank.com" rel="nofollow">http://simplicitybank.com</a>. I wonder whether simple, minimal, etc. is all a fashion trend that will come and go.<p>Any bank that acquires YNAB <a href="http://www.youneedabudget.com" rel="nofollow">http://www.youneedabudget.com</a> and hosts it internally on their servers will get my business. THAT would be great.<p>However, the frequent flyer miles. I keep coming back to that. We run almost all of our business expenses through credit cards every month and as a result generate a metric ton of frequent flyer miles therefore free flights to places. That's real money.