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. Posted by 6 months ago. 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. Log In; Budgeting . 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 … 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. Set Goals to save automatically. Nun loggen Sie sich mit Ihrem Lächeln per Face ID oder mit Ihrem Fingerabdruck ein. No incidents reported. Jan 9, 2021. Ihr Smartphone wird mit Ihrer App gekoppelt. 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 … Jan 12, 19:36 PST Jan 11, 2021. card. 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. Press question mark to learn the rest of the keyboard shortcuts. newsletter. At Simple, customers still get a debit card, but the website and mobile app help account holders track and manage spending in real time. There is always a risk with smaller services that they might not stick around as solidly as their incumbent counterparts. BBVA … Join. The Simple bank app is available on both Apple iOS and Android and offers a streamlined designed and user-friendly interface. User account menu. 135. pinned by moderators. The latter bank announced in November last year that it would acquire the U.S. business of BBVA for $11.6 billion. Press question mark to learn the rest of the keyboard shortcuts. 8 days ago. Customers will be transitioned to BBVA BBVA-owned Simple has announced that it is shutting down. 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. Thanks for your patience. Online-only bank Simple is shutting down, its parent company announced in an email to customers Thursday. “There is no immediate impact to your accounts at Simple and nothing you need to do at this time. Simple's online banking interface integrates hashtag searching, memos and location-based information for users' transaction history. Jan 10, 2021. Those same customers will become PNC customers upon the close of acquisition, which is subject to customary closing conditions. BBVA USA The popular online-only bank offered features like a … Phone Support Unavailable. Hot New Top. Bank Beautifully. Venmo adds a check-cashing feature, waives fees for stimulus checks, being shared on Twitter by a number of them. The company emailed customers Thursday to notify them of the change. Hot. The response from Simple customers has been predictably downbeat. Is Simple Right for You? Simple is online banking with superhuman customer service and tools to help you easily budget and save, right inside your account. Save Easily. 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. Archived. The best banking apps make tracking, accessing, and spending your money easier. 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. In a blog post directed at customers, Simple says it plans to shut down … App down? 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. Every aspect of a Simple checking account is optimized for branchless onlin… More details will be coming in the future, according to the emails. Simple’s “Bill Pay” service was shut down on July 9, 2019. 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). 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. There are, after all, many options to consider these days. The Verge - Online-only bank Simple is shutting down, its parent company announced in an email to customers Thursday. No matter how well-rounded, few financial apps are the perfect fit for everyone. It is unclear how many users Simple has currently. It’s also a pain to change banking providers and many customers were longtime users. BBVA says that it is shutting down banking app Simple, will transfer users to BBVA USA – TechCrunch. Close. No incidents reported. Und wir bleiben modern durch stetige Weiterentwickelung unserer App. 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. 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. Simple is one of the first mobile banking apps that has helped customers budget and save since 2012. Simple is an application that works with a bank, and provides you the ability to manage your finances on its mobile app. As a result, today we’re accelerating some changes and stopping work on others, including the closing of Simple. 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. Australia’s #1 banking app ^ is even better Find and claim benefits with Benefits finder . 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). 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. ‎Simple is one of the first mobile banking apps that has helped customers budget and save since 2012. User account menu. This program is currently in beta phase and is gradually being rolled out to users throughout the first half of 2018. 10. 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. Is anyone else having issues signing into the mobile app? No incidents reported. Rising. Jan 8, 2021. Simple bank is shutting down androidpolice.com - Ryne Hager. r/SimpleBanking: For the completely online banking solution, Simple. Recent years and bigger banking crises have definitely overturned some of those conceptions. 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. By choosing I Accept, you consent to our use of cookies and other tracking technologies. App down? Some consolidation is underway in the world of challenger banking apps. No incidents reported. 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. To open an account, visit Simple.com or call 888-248-0632. r/ SimpleBanking. Simple displays the status of all its systems online to help you determine if technical issues are on your end or theirs. Expenses; Goals; Safe-to-Spend® Get the App; Banking. So, using the Fire HD's web browser, I went directly to my bank's mobile website to try and download it that way. The turn in events for Simple plays into some of the precariousness of using newer “challenger” banking services. Join over 5 million Australians using the CommBank app. BBVA USA, which acquired Simple in … 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). At least, that is how the thinking goes. Like Simple Bank, Cheddar offers a basic checking account with a debit card (that works with Apple Pay, by the way). Banking apps offer convenience, but the very best banking apps offer so much more, including higher interest rates and better organization. That holds true with Simple. It can even help you start a claim. Banking and budgeting combined in one simple app. There are several solutions to try if you're experiencing problems with the CommBank app. Users migrated to the service specifically to have a faster and more modern experience compared to what they were getting through previous, incumbent providers. 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. Press J to jump to the feed. Simple customers already have a dual relationship with BBVA USA and Simple. Some consolidation is underway in the world of challenger banking apps. Log in sign up. Jan 7, 2021. Die easybank App setzt mit drei Sicherheitsstufen neue Standards. 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. BBVA USA was acquired by Pittsburgh-based PNC Bank in November. 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. Google Play App Intelligence for Simple - Mobile Banking and Budgeting App. 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. card classic compact. To learn more or opt-out, read our Cookie Policy. Investigating - Our team is looking into issues with loading and accessing Simple Loans. Online Checking; High Yield Accounts; Shared Checking; Certificates of Deposit; Personal Loans; Mobile Banking Security; Blog. 435 talking about this. The Simple Bank App must be the most complicated bank ever, because of all the bad reviews I’ve read on them today. There is no immediate impact to your accounts at Simple and nothing you need to do at this time. Please also read our Privacy Notice and Terms of Use, which became effective December 20, 2019. Log In Sign Up. 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. “BBVA USA has made the strategic decision to close Simple,” the note reads. Since your deposits are already housed at BBVA USA, they will remain in FDIC-insured accounts there, up to the applicable limits. 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. That means that customers are far less likely to do things like overdraft or make a late payment, Reich says. 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. 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. 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. Bank with confidence anywhere, anytime. Since your deposits are already housed at BBVA USA, they will remain in FDIC insured accounts there, up to the applicable limits. We will be migrating these customers to the award-winning BBVA USA mobile app. 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 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. 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. Budget and save with no hidden bank fees, with balances in Protected Goals Accounts earning a competitive interest rate. When it launched in 2010, Simple quickly amassed a waiting list of 125,000 people attracted to the online-only, streamlined experience Simple promised. 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. At the time of the BBVA acquisition, Simple had about 100,000 users. 10. Insights into Download, usage, revenue, rank & SDK data. Hot New Top Rising. Banking on-the-go is super easy, fun, insightful and secure with the the Simple mobile banking app. When Google Wallet shut down in 2016, Google recommended Simple as a possible replacement. For its part, Simple has not always been perfect. 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 Posted by. “We will provide ongoing transparent and open communication, so you know what to expect each step of the way,” the company wrote. My bank's mobile banking app is not in the Kindle App Store. BBVA USA continually evaluates strategic priorities and resources, including existing and potential partnerships with outside organizations. Jan 6, 2021. Stimulus payments and other direct deposits won’t be affected, according to the note to customers. Or use Expenses as digital envelopes to handle your monthly budgets and bills with confidence and ease. How to Bank With Simple . Compare performance to the competition. Die App-Oberfläche, das Einloggen und vieles mehr wird modern. No incidents reported. Moderator. See the best banking apps of 2020 to … Always know how much of your money is Safe-to-Spend®. 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. 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.”. 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. Users will receive more details in the future about the transition to BBVA, the note continued. Kindle app Store and potential partnerships with outside organizations the time of the keyboard shortcuts signing into the mobile?. Has not always been perfect jan 12, 19:36 PST jan 11, 2021 banking services are far likely! Technical issues are on your end or theirs banking apps choosing I Accept, you consent our! Accounts ; Shared Checking ; Certificates of Deposit ; Personal Loans ; mobile banking apps that has customers! ^ is even better Find and claim benefits with benefits finder with in! Goals accounts earning a competitive interest rate Safe-to-Spend® Get the app ; banking no hidden fees! 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