Simple is explicitly not a bank[1]. It's a financial-experience-as-a-service -- they manage your interactions with depositing, withdrawal, budgeting, etc. Their

Simple is explicitly not a bank[1]. It's a financial-experience-as-a-service -- they manage your interactions with depositing, withdrawal, budgeting, etc. Their partner bank takes care of the money itself. [1]: https://www.simple.com/faq/#thebasics https://www.simple.com/faq/#thebasics