Log In Sign Up. The turn in events for Simple plays into some of the precariousness of using newer “challenger” banking services. BBVA USA was acquired by Pittsburgh-based PNC Bank in November. Stimulus payments and other direct deposits won’t be affected, according to the note to customers. Simple customers already have a dual relationship with BBVA USA and Simple. “BBVA USA has made the strategic decision to close Simple,” the note reads. As part of BBVA USA, Simple customers will have access to a much broader suite of products and services, alongside the bank’s award-winning mobile app, which includes BBVA Financial Tools. No incidents reported. The question will now be whether users decide to stick with BBVA, or turn to exploring another challenger, or migrate to one of the bigger , established names, which keep trying to modernise in the meantime. Log in sign up. In the email to users, which many shared with The Verge, BBVA said the decision to close Simple was a strategic one and said customers did not need to take any immediate action. Set Goals to save automatically. At the time of the BBVA acquisition, Simple had about 100,000 users. Simple is an application that works with a bank, and provides you the ability to manage your finances on its mobile app. Simple is one of the first mobile banking apps that has helped customers budget and save since 2012. Google Play App Intelligence for Simple - Mobile Banking and Budgeting App. Join over 5 million Australians using the CommBank app. newsletter. These reviews are part of our normal processes, and have resulted in other ventures being closed in the past year or so based on performance and the economic environment, including Covault (2020) and Denizen (2019). Online Checking; High Yield Accounts; Shared Checking; Certificates of Deposit; Personal Loans; Mobile Banking Security; Blog. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. Foregoing some of the traditional trappings of banking like visiting physical locations and transacting with tellers, the newer banks have replaced them with algorithms that, for example, help people manage their finances through the month by analyzing their spend and suggesting ways to save money or organize their finances in a better way. It's the subtle design touches that makes Simple's mobile app a standout.Like many banks, startup Simple's mobile app lets customers view transactions and find ATMs. The company emailed customers Thursday to notify them of the change. BBVA USA, which for $117 million, said it would be transitioning Simple customers to BBVA accounts but did not provide details about when the change would occur. Since your deposits are already housed at BBVA USA, they will remain in FDIC insured accounts there, up to the applicable limits. Those same customers will become PNC customers upon the close of acquisition, which is subject to customary closing conditions. It had around 100,000 users when it was acquired back in 2014, and some might say that the startup was ahead of its time. Users will receive more details in the future about the transition to BBVA, the note continued. Jan 9, 2021. The Simple Bank App must be the most complicated bank ever, because of all the bad reviews I’ve read on them today. In a blog post directed at customers, Simple says it plans to shut down … At Simple, customers still get a debit card, but the website and mobile app help account holders track and manage spending in real time. See the best banking apps of 2020 to … Answer a few simple questions in the app and Benefits finder will connect you or your business to benefits, rebates and concessions you may be eligible for. Always know how much of your money is Safe-to-Spend®. It can even help you start a claim. In the years between Simple launching and now, we’ve seen an explosion in the number and popularity of so-called neobanks or challenger banks around the world, including Nubank, Chime, Current, N26, Revolut, Monzo and many more, turning what seemed like a radical concept into one that is now fairly commonplace. BBVA today told users of Simple -- the pioneering mobile and online banking app that it acquired for $117 million in 2014 -- that it is planning to shut down the service, moving accounts to BBVA's USA business in the process. Jan 7, 2021. Hot. The latter bank announced in November last year that it would acquire the U.S. business of BBVA for $11.6 billion. Posted by 6 months ago. Close. Jan 12, 19:36 PST Jan 11, 2021. By choosing I Accept, you consent to our use of cookies and other tracking technologies. That means that customers are far less likely to do things like overdraft or make a late payment, Reich says. Or use Expenses as digital envelopes to handle your monthly budgets and bills with confidence and ease. Simple, the online banking service that promised to be a better alternative to big banks like Chase or Citibank, is falling short of some users' expectations. Bank Beautifully. There are, after all, many options to consider these days. “We will provide ongoing transparent and open communication, so you know what to expect each step of the way,” the company wrote. That holds true with Simple. BBVA says that it is shutting down banking app Simple, will transfer users to BBVA USA – TechCrunch. Recent years and bigger banking crises have definitely overturned some of those conceptions. As a result, today we’re accelerating some changes and stopping work on others, including the closing of Simple. BBVA USA continually evaluates strategic priorities and resources, including existing and potential partnerships with outside organizations. When it launched in 2010, Simple quickly amassed a waiting list of 125,000 people attracted to the online-only, streamlined experience Simple promised. It’s also a pain to change banking providers and many customers were longtime users. Press question mark to learn the rest of the keyboard shortcuts. Tapping into using a set of APIs to bundle services, and sitting on top of other banks’ infrastructure, neobanks are more fleet of foot and provide more modern interfaces on more modern platforms (such as mobile apps). r/SimpleBanking: For the completely online banking solution, Simple. Posted by. Even though Simple ultimately ended up getting acquired by one of those incumbents — BBVA, headquartered in Spain, is one of the largest banks in the world — it was run largely independently of its owner, as part of BBVA’s attempt to bring on more modern services to attract a younger class of users. To open an account, visit Simple.com or call 888-248-0632. Ihr Smartphone wird mit Ihrer App gekoppelt. With the HSBC UK Mobile Banking app you can securely access your current account, savings and credit card statements 24/7 via the 'Account details' menu. The move is part of an ongoing effort at BBVA — which had been an active investor and acquirer of startups — to streamline its business as it works on closing a merger with PNC. r/ SimpleBanking. We have taken the opportunity of the pending merger with PNC to reassess our goals for BBVA USA, so that we’re focused on the things that make the most sense for the company’s future whether on a standalone basis or a potentially combined basis with PNC. Hot New Top Rising. So, using the Fire HD's web browser, I went directly to my bank's mobile website to try and download it that way. Mobile alerts keep you up to date on your spending, and you can lock your debit card with Simple’s app to reduce the chances of fraud. Users migrated to the service specifically to have a faster and more modern experience compared to what they were getting through previous, incumbent providers. No incidents reported. Since your deposits are already housed at BBVA USA, they will remain in FDIC-insured accounts there, up to the applicable limits. Log In; Budgeting . Banking on-the-go is super easy, fun, insightful and secure with the the Simple mobile banking app. Banking and budgeting combined in one simple app. User account menu. Die App-Oberfläche, das Einloggen und vieles mehr wird modern. Australia’s #1 banking app ^ is even better Find and claim benefits with Benefits finder . Simple is online banking with superhuman customer service and tools to help you easily budget and save, right inside your account. BBVA USA These realities are what customers of the mobile banking app Simple are discovering this week as the company has announced that will be shutting down as their parent company nears a change of hands. My bank's mobile banking app is not in the Kindle App Store. 435 talking about this. BBVA today told users of Simple — the pioneering mobile and online banking app that it acquired for $117 million in 2014 — that it is planning to shut down … So far, it looks like the emailed notification is the only announcement of the changes for customers directly; there are no alerts within the bank’s mobile app, nor any announcements on the Simple website. App down? Venmo adds a check-cashing feature, waives fees for stimulus checks, being shared on Twitter by a number of them. The best banking apps make tracking, accessing, and spending your money easier. BBVA USA, which acquired Simple in … Budget and save with no hidden bank fees, with balances in Protected Goals Accounts earning a competitive interest rate. More details will be coming in the future, according to the emails. I’m able to login on a web browser, but I keep getting this message when going into the … Press J to jump to the feed. Banking apps offer convenience, but the very best banking apps offer so much more, including higher interest rates and better organization. Phone Support Unavailable. The Verge - Online-only bank Simple is shutting down, its parent company announced in an email to customers Thursday. 10. No incidents reported. BBVA … It is unclear how many users Simple has currently. Investigating - Our team is looking into issues with loading and accessing Simple Loans. Nun loggen Sie sich mit Ihrem Lächeln per Face ID oder mit Ihrem Fingerabdruck ein. Rising. Hot New Top. Bank quickly and get back to what matters most to you – that’s the idea behind the M&T Mobile Banking App 1 built for both personal and business customers. Jan 10, 2021. In the future, your Simple account will become exclusively serviced by BBVA USA, but until then you can continue to access your account and your money through the Simple app or online at Simple.com.”. Like Simple Bank, Cheddar offers a basic checking account with a debit card (that works with Apple Pay, by the way). Jan 6, 2021. In the future, your Simple account will become exclusively services by BBVA USA, but until then you can continue to access your account and your money through the Simple app or online at Simple.com. Compare performance to the competition. BBVA USA, which acquired Simple in 2014 for $117 million, said it would be transitioning Simple customers to BBVA accounts but did not provide details about when the change would occur. Join. Insights into Download, usage, revenue, rank & SDK data. Jan 8, 2021. Simple, the Popular Banking Service, Is Shutting Down Chanelle Bessette January 7, 2021 Many or all of the products featured here are from our partners who … Some consolidation is underway in the world of challenger banking apps. There are several solutions to try if you're experiencing problems with the CommBank app. Save Easily. Online-only bank Simple is shutting down, its parent company announced in an email to customers Thursday. BBVA today told users of Simple — the pioneering mobile and online banking app that it acquired for $117 million in 2014 — that it is planning to shut down the service, moving accounts to BBVA’s USA business in the process. Press J to jump to the feed. card classic compact. Some consolidation is underway in the world of challenger banking apps. App-based banking service Simple is shutting down, The deals are slow, but we got some exclusives for you, Plus, check out Samsung’s preorder perks for the Galaxy S21, WarnerMedia extends its 20 percent discount on HBO Max subscriptions, Saving you just over $3 per month, but you have to prepay for six months of service, Sign up for the Simple displays the status of all its systems online to help you determine if technical issues are on your end or theirs. Customers will be transitioned to BBVA BBVA-owned Simple has announced that it is shutting down. 10. BBVA said in a statement Thursday that it was closing Simple as part of the PNC acquisition, as it was “accelerating some changes and stopping work on others.” Once that acquisition closes, the former Simple customers will become PNC customers, the company said. The response from Simple customers has been predictably downbeat. The popular online-only bank offered features like a … Bank with confidence anywhere, anytime. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. The company has at times turned off certain features — such as Bill Pay, or types of customer accounts — without warning, leaving users scrambling to replace them with alternatives. Is Simple Right for You? There is no immediate impact to your accounts at Simple and nothing you need to do at this time. App down? Moderator. No incidents reported. No matter how well-rounded, few financial apps are the perfect fit for everyone. Online-only bank Simple is shutting down, its parent company announced in an email to customers Thursday. Archived. Simple bank is shutting down androidpolice.com - Ryne Hager. No incidents reported. 135. pinned by moderators. Die easybank App setzt mit drei Sicherheitsstufen neue Standards. card. There is always a risk with smaller services that they might not stick around as solidly as their incumbent counterparts. Thanks for your patience. User account menu. How to Bank With Simple . The Simple bank app is available on both Apple iOS and Android and offers a streamlined designed and user-friendly interface. Unlike many banks' offerings, the startup lets customers attach images to their transactions and block/unblock their debits cards (should a person think he lost his plastic and then find it later). To learn more or opt-out, read our Cookie Policy. This program is currently in beta phase and is gradually being rolled out to users throughout the first half of 2018. Simple’s “Bill Pay” service was shut down on July 9, 2019. “There is no immediate impact to your accounts at Simple and nothing you need to do at this time. We have contacted both BBVA and Simple for further comment, and BBVA’s statement confirming the shutdown is now at the bottom of this post. Every aspect of a Simple checking account is optimized for branchless onlin… Online-only bank Simple is shutting down, its parent company announced in an email to customers Thursday. Press question mark to learn the rest of the keyboard shortcuts. Simple's online banking interface integrates hashtag searching, memos and location-based information for users' transaction history. Expenses; Goals; Safe-to-Spend® Get the App; Banking. We will be migrating these customers to the award-winning BBVA USA mobile app. Is anyone else having issues signing into the mobile app? When I click on the link for the Android version of the app, the Fire HD presents me with the following dialog: "This app is trying to open a link with an external market that is not available on Kindle Fire. ‎Simple is one of the first mobile banking apps that has helped customers budget and save since 2012. 8 days ago. At least, that is how the thinking goes. BBVA USA, which acquired Simple in 2014 for $117 million, said it would be transitioning Simple customers to BBVA accounts but did not provide details about when the change would occur. Und wir bleiben modern durch stetige Weiterentwickelung unserer App. For its part, Simple has not always been perfect. When Google Wallet shut down in 2016, Google recommended Simple as a possible replacement. You can use your Cheddar account for anything you would use a traditional checking account for – direct deposit, paying bills, grabbing cash from an ATM, and check deposit from the app. In a note Simple sent out earlier today to users — being shared on Twitter by a number of them — the bank said that it will be transitioning their accounts to be serviced by BBVA USA, which already housed the accounts. Transaction history sich mit Ihrem Lächeln per Face ID oder mit Ihrem Fingerabdruck ein of and... Usa – TechCrunch solution, Simple quickly amassed a waiting list of 125,000 people attracted the... Cookies and other tracking technologies 're experiencing problems with the the Simple bank is down. The rest of the keyboard shortcuts up to the applicable limits challenger banking apps that has customers... “ Bill Pay ” service was shut down on July 9,.! 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