Mar 16, 2016

Simple - A Fee Free Banking System

simple

Fee Free Banking made Simple

Simple is an Online Banking system that has partnered with the Bancorp Bank to provide users with Fee Free banking and an amazing user interface to manage your expenses. Unlike, other banks Simple has no minimum balance fee, no monthly maintenance fee and no activation fee. Using Simple is absolutely fee-free and let me tell you one more thing, it also provides free ATM service in more 55,000 Allpoint ATMs all over the country. Even, sending and receiving money from other banks is free. Can you believe that? The only possible fee that you might have to pay is $5 for not using the account for 6 months. If their is no activity on your account for more than 6 months they will start deducting a monthly fee of $5. And, of course other fees like if you lost your card, you will have to pay $2 to get a new one. But, I think no one has to worry about these fee because we all use are credit/debit cards almost everyday, from buying a cup of coffee to buying a movie ticket. Well, if you can’t make a single transaction in a time period of 6 months, you don’t live in this world. Click here to see the fee structure.

 

Simple’s Visa Card

Once you open an account, the Simple would also send you a debit VISA card for free. And, you will be able to use it where ever VISA cards are accepted. Of course, online too!

fee free banking

 

Opening an Account

You don’t have to go to a physical bank to open this fee free banking account. Follow these easy steps below:

1) Go to www.simple.com and, enter your email to get invited.

2) After that you will get an invitation from Simple within 2 days.

3) Click on the invitation and get started by filling in the required information.

4) After that you will be notified by Simple if your account got approved or not, or maybe if they need some more information.

5) Once you are approved, they will send you your VISA card and you can begin.

 

How to transfer fund to your Simple Account?

You can either link a bank account to transfer money for free. Or, you can deposit checks directly just by taking pictures. It’s as simple as that. That’s why I keep on mentioning that it is almost a fee free banking system.

 

Simple Mobile App

fee free banking

 

With the Simple mobile app, you can do a ton of cool things.

1) Block or Unlock your Simple VISA card.

2) The app allows you to set goals, and know instantly how much you can afford with Safe-to-Spend feature.

3) Deposit Checks by taking images.

4) Schedule bill payments.

5) See your transactions appear within seconds of your purchase.

6) Find nearby ATMs from the Allpoint™ network– over 55,000 strong.

7) Send money to your friends.

For more details about this fee free banking system, go to Simple.com.

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