BankSimple Announces API Plans

What I'd like to see is the ability to give a read-only login to third parties like Mint.

I don't understand how BankSimple is going to work. Is it going to actually store people's physical money somewhere, or is it just a layer on top of existing banks?

If their product is half as good as their stated plans I'll switch as soon as it is available. API + Check cashing via cell phone is pretty cool.

And as usual, i presume this is only going to be available in the U.S.<p>Seems great financial products either make their way to the UK very slowly, or dont come at all.<p>Mint still doesnt support UK Banks, so i'm using lovemoney but its reporting is not as good as what Mint has on offer.<p>BankSimple looks really good, and if it was in the UK, i'd certainly be interested in signing up.

Go check out the discussion on their Google Group. It is already filling with insightful discussion.<p><a href="http://groups.google.com/group/banksimple-api" rel="nofollow">http://groups.google.com/group/banksimple-api</a>

permitting third party developers to interact with bank accounts in even a strictly limited way seems like an absolute gift for phishing schemes...