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I was with Simple from the start and generally liked the app and the customer support (based in Portland IIRC) was very helpful and friendly. My problem was th
by Cbasedlifeform 8y ago
I was with Simple from the start and generally liked the app and the customer support (based in Portland IIRC) was very helpful and friendly.
My problem was that I had a large check to deposit and before they cleared it they insist I not only specify the source of the funds but also what I was going to use the monies for! I understand they need to ask the former (per IRS regulations and "Suspicious Activity Reporting") but the latter is frankly NOTFB and no other bank has asked me that question. I told them as such and closed the account.
- ellius 8y agoThey're supposed to ask both actually per AML laws. Which may be completely overbearing but are not within their control.