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Check out the latest Simple bonuses, promotions, and offers here. Simple provides an FDIC-insured checking account through BBVA; Simple is a digital banking platform that is available for Android and iOS devices. This account reigns as one of the best free checking accounts! See why below!
Right now, Simple is offering up to 0.50% APY – 12.5x National Average.
About Simple
What is Simple? Simple is a digital banking platform where customers can bank, budget, and save all in one place. Simple builds features and offers products that help people feel confident with their money.
All in all, Simple’s online banking platform is merely a streamlined method of keeping your personal finances managed through the convenience of your smartphone. Much like other banks that do not operate via a brick and mortar, you can expect free accounts when you bank with Simple. Below are a few questions you may have regarding Simple.
- Where is your money held? The money in your Simple account is held by BBVA USA and is FDIC-insured up to the legal limit.
- Who can apply? Any one over the age of 18 years of age that has a social security number may apply!
Simple Bonuses Overview
Simple began in 2009 in Portland, Oregon. They created an FDIC-insured checking account built to help you save money, and to support smart spending with built-in budgeting tools. They see the banking industry and agree that it needs to change. And they’re working to change it for all of us.
- Promotion Links:
- Up To 0.50% APY
- $200/$400 Checking Bonus (currently unavailable)
- Account Type: New Simple Account
- Availability: Nationwide (ATM Locator)
- Branches: 40,000+ ATMs
- Credit Inquiry: Soft Pull
- Direct Deposit Options: Yes
Let’s go more in-depth of the Simple offers below.
(Visit Simple for more details)
How To Earn Rate
When you open an Individual Protected Goals Account and transfer funds there to earn up to 0.50% APY.
Bank, budget, and save with up to 0.50% APY. Simple’s Protected Goals Account is designed to help you save in a separate high-yield checking account.
- Earn 0.50% APY on balances $10,000 and above
- Earn 0.50% APY on balances $9,999 or less
- FDIC-insured
- Online checking account
- Built-in budgeting and saving tools
- Quick direct deposit set-up
- No overdraft fees
- Instant push notifications for every swipe
- Over 40,000 totally-free ATMs
- There are no monthly fees
Simple $200 or $400 Checking Bonus
The bonus offer is currently unavailable.
Receive up to a $400 bonus and 0.50% APY with qualifying activities.
- What you’ll get: $200 or $400 Bonus
- Eligible account: New Simple Account
- When you’ll receive it: Qualifying customers will receive the bonus credit to their Simple Account by 6/15/20 4:59PM PT.
- Monthly fee: None
How To Earn the $200 or $400 Bonus
The bonus offer is currently unavailable.
How to earn $400 bonus
- Earn $400 when you apply for a new Simple Account by 3/15/20 4:59PM PT,
- Deposit(s) totaling $20,000 or more must be posted to the new account by 4:59PM PT 15 days after account opening, and
- Maintain a balance of at least $20,000 through 5/31/20 4:59 PM PT. OR
- Qualifying customers will receive the bonus credit to their Simple Account by 6/15/20 4:59PM PT.
How to earn $200 bonus
- Earn a $200 bonus when you apply for a new Simple Account by 3/15/20 4:59PM PT,
- Deposit(s) totaling $10,000 or more must be posted to the new account by 4:59PM PT 15 days after account opening, and
- Maintain a balance of at least $10,000 through 5/31/20 4:59PM PT.
- Qualifying customers will receive the bonus credit to their Simple Account by 6/15/20 4:59PM PT.
Open an Individual Protected Goals Account and transfer funds there to earn up to 0.50% APY. So long as your combined balance in both accounts total the minimum balance requirements for the offer, you’ll be eligible for the bonus – meaning you could earn up to $400 and a competitive 0.50% APY.
Bank, budget, and save with up to 0.50% APY. Simple’s Protected Goals Account is designed to help you save in a separate high-yield checking account.
- Earn 0.50% APY on balances $10,000 and above
- Earn 0.50% APY on balances $9,999 or less
- FDIC-insured
- Online checking account
- Built-in budgeting and saving tools
- Quick direct deposit set-up
- No overdraft fees
- Instant push notifications for every swipe
- Over 40,000 totally-free ATMs
- There are no monthly fees
- Qualifying customers will receive the bonus credit to their Simple Account by 6/15/20 4:59 PM PT.
- Accounts must be open and in good standing with a balance greater than or equal to $0.00 at the time of the bonus credit.
- Maximum of one (1) $400 bonus OR one (1) $200 bonus per customer.
- BBVA USA may report the value of the bonus to the IRS as required by law. Any client whose tax status would require BBVA USA to impose tax withholding of any sort will not be eligible for this bonus.
- Offer may be modified or withdrawn without notice. – Balances in the Simple Account earn 0.01% APY. – All tiers and balances in the Protected Goals Account earn 0.50% APY.
The following customers and accounts are excluded from this promotion:
- Customers who applied for and/or opened any Simple Account before 2/29/20 at 4 PM PT do not qualify. – Balances in Shared Accounts and Shared Protected Goals Accounts are excluded from the combined balance calculation. – Simple employees are ineligible for this promotion.
Simple Banking Features
Simple online checking account deposits FDIC-insured – on top of that, you save money by not worrying about any sort of monthly fee to use the account. Furthermore, you can take advantage of several perks the account offers – such as: access to built-in budgeting & savings tools, quick direct deposit set-up, no overdraft fees, over 40,000 totally free ATMs, and instant push notifications for every swipe. The benefits do not stop there – below are more benefits of using banking with Simple:
- High-Yield Checking. Earn 0.50% APY on Protected Goals Account balances of $10,000 or more, Protected Goals Account balances lower than $10,000 still earn a competitive 0.50% APY
- Simple Goals. Use Goals to stash away money: Save for the unexpected or automate saving for things you want. From a trip to Italy to a new bike.
- Simple Expenses. Set it & forget: Set up your Expenses one time and going forward, we’ll do the boring work of recreating the Expense for you. That way, when you pay your rent bill, your Expense is already saving up for next month’s bill. Yep, it’s our job now. (You can even split Expenses with a partner when using a Shared Account).
- Shared Accounts. Earn interest with whoever you’re interested in: Let your money earn several times the national average APY with a Shared Protected Goals Account. And when it comes to shared bills, two paychecks are better than one! Open a Simple Shared Account and Shared Protected Goals Account and tackle them together.
- Safe-to-Spend®. Spend spontaneously, without derailing your budget or bills (or doing math on the spot…). We take your account balance, subtract your Expenses and Goals, and tell you exactly how much money you have leftover to spend on whatever you want. (Buy the shoes!)
- Round-Up-Rules. Whenever you make a purchase, Simple will round up what you spend to the next whole dollar amount. When the “change” from those transactions reaches or exceeds $5, Simple transfers it to your Protected Goals Account — so easy you won’t even feel it. It’s like a digital change jar… one that adds up to real money in the bank.
Note: Although the account is free, there may be potential fees if you use an ATM outside of their 40,000 totally-free ATM network. Also, if you use your Simple debit card internationally, Visa will add on an International Service Assessment (ISA) fee of up to 1% of the transaction amount.
Conclusion
In my opinion, this is a very generous promotion at Simple where you can earn an outstanding APY rate with qualified activities. There are rather simple requirements.
In an era where mobile banks are rapidly growing, Simple offers one jam-packed account of several features that can benefit you in many ways – and why not earn a bonus incentive while doing so?
If you are up for trying out a free account that monitors and tracks your spending, then I definitely recommend checking out this promotion!
Check back often for more Simple Bonuses, Promotions, or Offers! If this offer isn’t for you, see our list of bank bonuses!
(Visit Simple for more details)
