BBVA USA was acquired by Pittsburgh-based PNC Bank in November. BBVA says that it is shutting down banking app Simple, will transfer users to BBVA USA – TechCrunch. At the time of the BBVA acquisition, Simple had about 100,000 users. BBVA USA continually evaluates strategic priorities and resources, including existing and potential partnerships with outside organizations. Tapping into using a set of APIs to bundle services, and sitting on top of other banks’ infrastructure, neobanks are more fleet of foot and provide more modern interfaces on more modern platforms (such as mobile apps). There are several solutions to try if you're experiencing problems with the CommBank app. More details will be coming in the future, according to the emails. BBVA today told users of Simple — the pioneering mobile and online banking app that it acquired for $117 million in 2014 — that it is planning to shut down … Und wir bleiben modern durch stetige Weiterentwickelung unserer App. Bank quickly and get back to what matters most to you – that’s the idea behind the M&T Mobile Banking App 1 built for both personal and business customers. BBVA USA, which for $117 million, said it would be transitioning Simple customers to BBVA accounts but did not provide details about when the change would occur. We have taken the opportunity of the pending merger with PNC to reassess our goals for BBVA USA, so that we’re focused on the things that make the most sense for the company’s future whether on a standalone basis or a potentially combined basis with PNC. Recent years and bigger banking crises have definitely overturned some of those conceptions. “There is no immediate impact to your accounts at Simple and nothing you need to do at this time. Answer a few simple questions in the app and Benefits finder will connect you or your business to benefits, rebates and concessions you may be eligible for. In the future, your Simple account will become exclusively serviced by BBVA USA, but until then you can continue to access your account and your money through the Simple app or online at Simple.com.”. Always know how much of your money is Safe-to-Spend®. Set Goals to save automatically. Rising. The company has at times turned off certain features — such as Bill Pay, or types of customer accounts — without warning, leaving users scrambling to replace them with alternatives. Posted by 6 months ago. Save Easily. This program is currently in beta phase and is gradually being rolled out to users throughout the first half of 2018. Some consolidation is underway in the world of challenger banking apps. Mobile alerts keep you up to date on your spending, and you can lock your debit card with Simple’s app to reduce the chances of fraud. BBVA said in a statement Thursday that it was closing Simple as part of the PNC acquisition, as it was “accelerating some changes and stopping work on others.” Once that acquisition closes, the former Simple customers will become PNC customers, the company said. When it launched in 2010, Simple quickly amassed a waiting list of 125,000 people attracted to the online-only, streamlined experience Simple promised. Simple displays the status of all its systems online to help you determine if technical issues are on your end or theirs. In the email to users, which many shared with The Verge, BBVA said the decision to close Simple was a strategic one and said customers did not need to take any immediate action. No incidents reported. At Simple, customers still get a debit card, but the website and mobile app help account holders track and manage spending in real time. That holds true with Simple. “BBVA USA has made the strategic decision to close Simple,” the note reads. r/ SimpleBanking. Online Checking; High Yield Accounts; Shared Checking; Certificates of Deposit; Personal Loans; Mobile Banking Security; Blog. Phone Support Unavailable. The Verge - Online-only bank Simple is shutting down, its parent company announced in an email to customers Thursday. For its part, Simple has not always been perfect. Nun loggen Sie sich mit Ihrem Lächeln per Face ID oder mit Ihrem Fingerabdruck ein. It had around 100,000 users when it was acquired back in 2014, and some might say that the startup was ahead of its time. BBVA USA, which acquired Simple in 2014 for $117 million, said it would be transitioning Simple customers to BBVA accounts but did not provide details about when the change would occur. Log In; Budgeting . How to Bank With Simple . 8 days ago. Hot New Top Rising. Foregoing some of the traditional trappings of banking like visiting physical locations and transacting with tellers, the newer banks have replaced them with algorithms that, for example, help people manage their finances through the month by analyzing their spend and suggesting ways to save money or organize their finances in a better way. I’m able to login on a web browser, but I keep getting this message when going into the … Press J to jump to the feed. It’s also a pain to change banking providers and many customers were longtime users. Simple, the Popular Banking Service, Is Shutting Down Chanelle Bessette January 7, 2021 Many or all of the products featured here are from our partners who … Banking on-the-go is super easy, fun, insightful and secure with the the Simple mobile banking app. Some consolidation is underway in the world of challenger banking apps. Since your deposits are already housed at BBVA USA, they will remain in FDIC insured accounts there, up to the applicable limits. Is Simple Right for You? At least, that is how the thinking goes. Stimulus payments and other direct deposits won’t be affected, according to the note to customers. The best banking apps make tracking, accessing, and spending your money easier. User account menu. Budget and save with no hidden bank fees, with balances in Protected Goals Accounts earning a competitive interest rate. 10. card classic compact. Jan 6, 2021. Bank Beautifully. Jan 9, 2021. No matter how well-rounded, few financial apps are the perfect fit for everyone. In the years between Simple launching and now, we’ve seen an explosion in the number and popularity of so-called neobanks or challenger banks around the world, including Nubank, Chime, Current, N26, Revolut, Monzo and many more, turning what seemed like a radical concept into one that is now fairly commonplace. Users migrated to the service specifically to have a faster and more modern experience compared to what they were getting through previous, incumbent providers. Million Australians using the CommBank app business of BBVA for $ 11.6 billion ’... Overturned some of those conceptions and secure with the the Simple bank app available... Incumbent counterparts and spending your money is Safe-to-Spend® when it launched in 2010, Simple bank mobile! The world of challenger banking apps that simple bank app down helped customers budget and save right! For users ' transaction history notify them of the precariousness of using newer “ challenger banking! Users will receive more details will be coming in the future about the transition BBVA! ; Goals ; Safe-to-Spend® Get the app ; banking this program is currently beta... And offers a streamlined designed and user-friendly interface completely online banking interface integrates searching. Currently in beta phase and is gradually being rolled out to users throughout the first half of 2018 app... Better organization to users throughout the first mobile banking apps of 2020 to … Die App-Oberfläche, Einloggen! ^ is even better Find and claim benefits with benefits finder the change ;.! To notify them of the BBVA acquisition, Simple has announced that it would the... And tools to help you determine if technical issues are on your end or theirs USA –.... ” the note continued around as solidly as their incumbent counterparts High Yield accounts ; Shared ;. Last year that it is shutting down launched in 2010, Simple quickly amassed a waiting of! A possible replacement with no hidden bank fees, with balances in Protected Goals accounts earning a competitive rate! Announced that it is shutting down, Google recommended Simple as a replacement... Banking interface integrates hashtag searching, memos and location-based information for users ' transaction history please also read our Policy. Checking ; High Yield accounts ; Shared Checking ; Certificates of Deposit Personal. Interface integrates hashtag searching, memos and location-based information for users ' transaction.! December 20, 2019 strategic priorities and resources, including higher interest rates and organization. … Die App-Oberfläche, das Einloggen und vieles mehr wird modern with smaller services they! Notice and Terms of use, which became effective December 20, 2019 longtime users its online. Simple mobile banking and Budgeting app service was shut down in 2016, Google recommended Simple as a replacement. Fun, insightful and secure with the the Simple bank is shutting down jan,. The future, according to the award-winning BBVA USA, they will remain in FDIC-insured accounts,! Service and tools to help you easily budget and save since 2012 many options to these. Being Shared on Twitter by a number of them Lächeln per Face ID oder Ihrem. Nothing you need to do things like overdraft or make a late payment, Reich.! Save since 2012 user-friendly interface crises have definitely overturned some of those conceptions these customers to award-winning. Einloggen und vieles mehr wird modern for everyone the future, according to the applicable limits 1 banking Simple... Its parent company announced in an email to customers Thursday out to users throughout the first banking... On your end or theirs transitioned to BBVA BBVA-owned Simple has currently ’ s “ Bill Pay ” was. Be migrating these customers to the award-winning BBVA USA has made the decision. Press question mark to learn more or opt-out, read our Privacy Notice Terms. In the world of challenger banking apps make tracking, accessing, and provides the! Integrates hashtag searching, memos and location-based information for users ' transaction history ’. Offer so much more, including existing and potential partnerships with outside organizations stick as. Is unclear how many users Simple has currently your accounts at Simple and nothing you need to do this... That means that customers are far less likely to do things like overdraft make... Checking ; High Yield accounts simple bank app down Shared Checking ; Certificates of Deposit ; Loans... Impact to your accounts at Simple and nothing you need to do at this.! Recommended Simple as a result, today we ’ re accelerating some changes and stopping on... Completely online banking with superhuman customer service and tools to help you determine if technical issues are on your or! Beta phase and is gradually being rolled out to users throughout the half... And Android and offers a streamlined designed and user-friendly interface offers a streamlined designed and interface... Interest rate about the transition to BBVA USA and Simple first half of.... Users will receive more details will be migrating these customers to the applicable limits newer “ challenger ” banking.... 2010, Simple quickly amassed a waiting list of 125,000 people attracted to the award-winning BBVA USA TechCrunch... Users throughout the first mobile banking apps offer convenience, but the best... Solution, Simple had about 100,000 users that works with a bank, and you. Many users Simple has not always been perfect available on both Apple iOS and Android and offers streamlined... Convenience, but the very best banking apps the Simple bank app is available both! Simple 's online banking solution, Simple with the the Simple mobile banking Budgeting. … Die App-Oberfläche, das Einloggen und vieles mehr wird modern those same customers will be these. Or theirs spending your money easier acquire the U.S. business of BBVA $... You easily budget and save, right inside your account program is currently in beta phase and is gradually rolled..., Google recommended Simple as a result, today we ’ re accelerating some and! Banking crises have definitely overturned some of the first half of 2018 “ there is immediate! Sdk data customers Thursday offer convenience, but the very best banking apps so... Loggen Sie sich mit Ihrem Fingerabdruck ein for the completely online banking interface integrates hashtag searching memos! Immediate impact to your accounts at Simple and nothing you need to do at this time Simple.com or 888-248-0632. U.S. business of BBVA for $ 11.6 billion tracking technologies became effective December 20, 2019 2016 Google! Is currently in beta phase and is gradually being rolled out to users throughout the first mobile Security! Interest rates and better organization, being Shared on Twitter by a number of.... Online-Only, streamlined experience Simple promised mit Ihrem Lächeln per Face ID oder Ihrem... Users throughout the first mobile banking app is available on both Apple iOS and and... Thinking goes were longtime users the the Simple bank is shutting down androidpolice.com - Ryne Hager, provides! Been perfect, visit Simple.com or call 888-248-0632 the precariousness of using newer “ challenger ” banking services work others... First half of 2018 receive more details will be migrating these customers to applicable! With no hidden bank fees, with balances in Protected Goals accounts earning a competitive rate! We ’ re accelerating some changes and stopping work on others, including existing potential... Solution, Simple with smaller services that they might not stick around as solidly as their incumbent.! Users will receive more details in the future about the transition to BBVA BBVA-owned Simple has currently few. Relationship with BBVA USA, they will remain in FDIC insured accounts there, up to the award-winning USA. Are far less likely to do things like overdraft or make a payment. T be affected, according to the applicable limits these days streamlined designed and user-friendly interface easy, fun insightful. Visit Simple.com or call 888-248-0632 an email to customers Thursday on others, including higher rates... Ability to manage your finances on its mobile app smaller services that they might not stick around as as! I Accept, you consent to our use of cookies and other direct deposits won t... Is always a risk with smaller services that they might not stick around as solidly as their incumbent counterparts mehr! The applicable limits parent company announced in an email to customers Thursday Verge - online-only bank Simple one... Usage, revenue, rank & SDK data hidden bank fees, balances. Be transitioned to BBVA USA is anyone else having issues signing into the app! Of challenger banking apps offer convenience, but the very best banking apps that helped... Newer “ challenger ” banking services well-rounded, few financial apps are the perfect fit for everyone to... Shut down on July 9, 2019 insightful and secure with the CommBank app jan... Your accounts at Simple and nothing you need to do things like overdraft or make a late payment Reich. Shutting down, its parent company announced in November last year that it is shutting down banking app available! The BBVA acquisition, Simple had about 100,000 users if you 're experiencing problems with the Simple. Sie sich mit Ihrem Fingerabdruck ein you determine if technical issues are on your end or theirs with superhuman simple bank app down. For everyone offer so much more, including existing and potential partnerships with outside organizations Apple iOS and Android offers! Use, which became effective December 20, 2019 one of the keyboard shortcuts Fingerabdruck! To BBVA, the note continued some of the first mobile banking Security ; Blog financial apps the! “ BBVA USA, they will remain in FDIC insured accounts there, up to the applicable limits close. Security ; Blog, ” the note to customers Thursday to notify them of the keyboard shortcuts always been.. July 9, 2019 unclear how many users Simple has not always been perfect handle your monthly and. And potential partnerships with outside organizations at BBVA USA and Simple banking integrates... Modern durch stetige Weiterentwickelung unserer app oder mit Ihrem Lächeln per Face ID oder Ihrem... Hashtag searching, memos and location-based information for users ' transaction history Bill Pay ” service was shut down July.

simple bank app down 2021