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- Simple Bank
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Simple Bank, an FDIC-insured checking account backed by their partner bank BBVA Compass, is a mobile-only bank account that is available for Android and iOS devices. Because of it’s unique nature and lack of fees, we’ve included it on our list of the best free Checking accounts.
They do not have any physical branch locations to serve customers and their headquarters is located at 1615 SE 3rd Ave #200 – Portland, OR 97214.
Simple Bank $20 Per Referral Bonus (Unlimited)
$20 bonus for you and your referrals…
Once you have an account set up with Simple Bank, which is free to open with no minimum opening deposit or minimum balance requirements, you can start making $20 per referral. Your referrals will also earn a $20 bonus as well.
- Referral offer has no set expiration date
- There is no limit to the number of referrals you may make
- How to earn the $20 bonus:
- You must be a new Simple customer who has not previously had an account to be referred and receive the bonus.
- Open a new Simple Bank account using the offer link from the referrer
- Put money in your Simple account by linking another account or setting up direct deposit.
- When your new card arrives, activate it, and go use it
- A $20 bonus will be credited to your account within 24 hours
- The account must be open and in good standing at the time the bonus is deposited.
- Simple may report the value of the bonus to the IRS as required by law.
- Any customer whose tax status would require Simple to impose tax withholding of any sort will not be eligible for this bonus.
- Employees of Simple are ineligible for this program.
- How to earn unlimited $20 referral bonuses:
- Once you have a Simple Account open, make referrals using your personal referral link, or via Email, Facebook, or Twitter.
- Once your friend successfully opens an account and makes a purchase with their Simple Bank card for the first time, a $20 bonus will appear in both your accounts.
- The bonus will be credited within 24 hours to both accounts
*Use our referral link below to earn your $20 sign-up bonus, and then start earning more referral bonuses.
MoneysMyLife Top Offer Picks  Earn a $200 bonus when you open a new Chase Total Checking® account and set up direct deposit. Also earn a $150 bonus when you open a new Chase SavingsSM account, deposit a total of $10,000 or more in new money within 10 days & maintain a $10,000 balance for 90 days. Apply for both offers and get a $350 total bonus. Full Review Get $300 when you open a new Chase Premier Plus CheckingSM account and set up direct deposit. This account has more features than the Chase Total Checking® and the monthly service fee can be waived with a few different requirement options. A $300 Checking bonus is one of the best offers from Chase Bank. Full Review Earn $200 when you open a new Chase Total Business Checking® account, deposit $1,000 in new money within 10 business days of account opening, maintain that balance for 60 days and complete five qualifying transactions within 60 days. This is the most popular Business Checking offer.Full Review |
Apply online for a new TD Bank Checking account to earn either a $300 bonus for the TD Premier Checking account ( $2,500 in direct deposits required), or a $150 bonus for the TD Convenience Checking account ($500 in direct deposits required). This is a limited time offer. 
Earn up to 25,000 bonus miles worth $250 in travel every year with the Barclays Arrival® Premier World Elite Mastercard®. Without an initial sign-up bonus, this credit card is intended for high spenders looking for a card to carry for the long-term. The card will earn unlimited miles at the rate of 2 miles per $1 spent on all purchases regardless of category. 
CIT Bank is offering a 1.75% APY rate with their Money Market Account for all balances. This account is available online nationwide and consistently offers one of the best rates in the nation. The minimum opening deposit is $100 and there are no fees for opening or maintaining the account. 
Ally Invest has a promotion where you can earn either 90 days of commission-free trades or a $200 cash bonus. The $200 bonus will require a deposit of at least $25,000 within 15 days of account opening and the execution of 3 trades within 90 days. The free trades offer will require a $10,000 minimum deposit. 
Simple Bank has an offer where you can earn a $20 bonus after opening their free online Checking account that's available nationwide. You'll then be able to earn unlimited $20 referral bonuses. Direct deposit isn't a requirement and all you and your referrals need to do is open a new account and use the Simple Visa debit card to make a first purchase. About Simple Bank
Very similar to Moven, the Simple bank account is a more streamlined way of managing your personal finances using your smartphone. Like other banks that don’t operate in traditional branch locations, Simple doesn’t charge any fees.
The funds in your Simple account are held by The Bancorp Bank, and is FDIC insured up to the maximum $250,000.
Any permanent resident of the United States over 18 years of age that has a Social Security number can use a Simple account.
You’ll also need to own a device that can run the Simple mobile app on either Android or iOS.
While you can access most features through the web, Simple is more streamlined through their mobile app, which will let you do Photo Check deposits.
There Can Be Fees You Should Be Aware Of
While Simple does not charge any fees on their end, you should still be aware of these situations where you can incur a fee:
- If you use an ATM outside of their fee-free network (40,000 totally free Allpoint ATMs), the ATM owner may charge a fee.
- If you use your Simple card internationally, Visa will include an International Service Assessment (ISA) fee of up to 1% of the total transaction amount.
Simple Account Features
- You’ll receive a Simple Visa Debit Card, which can be used just like any other debit card, and to withdraw cash from ATMs.
- Make purchases both in stores and online
- Budgeting tools available on the web and mobile app.
- Deposit funds by direct deposit, transfers from a linked external account, photo check deposit with the app, and deposits by mail.
- Move money between accounts with no holds, no checks, no fees, and no wait.
- Deposit checks with your smartphone.
- Everyday banking such as direct deposit, bill pay, and money transfers.
- In-network ATMs are those in the Allpoint network, which has over 40,000 surcharge-free ATMs.
- Export your Simple data in CSV or JSON format and download monthly statements in PDF format.
- Just like any other bank account,you can link your Simple account to Square, Venmo, Paypal and other third party services.
Author’s Verdict
The Simple bank account is only going to appeal to a select market that is interested in these innovations. This account isn’t going to fulfill all your banking needs if you’re looking for a full suite of deposit accounts – there are no Savings, Money Market, CD or Business account options. If you’re up for trying out a free bank account that you can monitor and track your spending on your smartphone, Simple is worth a look and your funds will be insured. For another non-traditional bank account option available online only, the Capital One 360 set of Checking and Savings accounts are also popular and have sign-up bonuses.
More Bank Offers You May Like
See the best bank offers here, including popular bonuses from Chase Bank, TD Bank, Regions Bank and more.
- Santander Bank Promotions: $150 Personal & $500 Business Checking Bonuses
- Chase Total Checking Account $200 Coupon Available Online Now
- Chase Premier Plus Checking℠ Review: $300 Coupon Bonus
- Chase Coupon Promo Codes: $200, $300, $350, $500 (April 2018)
- BBVA Compass Bank Promotions: $150, $200, $250 Checking/Savings Bonuses
- Fifth Third Bank Promotions: $200 Checking Account Bonus
- Chase Bank Business Checking Promotion: $200 Sign-Up Cash Bonus
- PNC Bank Promotions: $50 To $300 Checking, Savings, Business Bonuses
- Regions Bank Promotions: $200 Checking Account Bonus
- TD Bank Bonus For Checking Accounts: $150 To $300 Cash
- CIT Bank Promotions: Online Money Market Account Earns 1.75% APY
- KeyBank Promotions: $100, $200, $300, $400 Checking Bonuses
- Bank Of America $300 Personal Checking & $2500 Business Checking Bonuses
- Simple Bank Review & Bonus Offer: Unlimited $20 Referrals
- SunTrust Bank Review: $500 Personal & $200 Business Checking Bonuses
*These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.