4 ms·

Doesn't https://www.banksimple.com/faq/ https://www.banksimple.com/faq/ help?

• nathanwdavis 16y ago
  I didn't see a link to the FAQ anywhere. I see now it is a small link at the very bottom. Regardless, I still don't see what the great value proposition is other than that they are friendly. My bank (a small local bank) has never charged me a overdraft fee, never had to wait more than a minute, and I can only remember one time that I paid an ATM fee. I must have just been lucky enough to get one of the non-evil banks.
  • Q6T46nT668w6i3m 16y ago
    Hi, I’m Allen. I’m an employee at BankSimple. We think that’s great. In the past, we’ve shown animosity toward banks without too much distinction. In retrospect, this might’ve been a mistake. Hopefully, we’re a refuge for resentful and puzzled customers of a certain subset of national banks rather than a competitor to a non-profit credit union. We wholly realize the necessary and worthy function that credits unions fulfill that neither we nor any national bank could accomplish. While we realize we might not be the right fit for some customers, we believe we’ll be a worthwhile alternative for many others. Lastly, I’ve personally spent a significant amount of time thinking about ways in which BankSimple and other financial service startups could further bolster credit union adoption and satisfaction to better pursue their mission (e.g. opening financial research to nonprofits and academics or technology sharing). I’d love to hear from anyone who has thoughts on this.
    • blasdel 16y ago
      It's a bit hasty to read that into his comment and break out the copypasta keyed under "credit unions" There's plenty of small local banks that are non-evil, at least until they get swallowed up by progressively more dastardly banks in a long chain of semi-annual M&A transactions.