This writer Stopped Using Regular Banks For Two Weeks – Why He’s Never Going Back


See on Scoop.itFashion Technology Designers & Startups

“Before we get into what Simple is, let’s be clear on what it is not. Although Simple is designed to replace your bank (and does so quite well, I argue), it’s not a proper bank itself. Your money sits in FDIC-insured accounts maintained by Simple’s banking partners, but this is distinctly separate from what Simple really is — a company that provides free tools for checking your balance, depositing checks, tagging and categorizing your purchases, and even sending paper checks through the mail at no cost.”

Bonnie Sandy‘s insight:

The simple invites have been arriving  in my inbox for a while but try as I may, I cannot  yet get comfortable with this type of transaction! 

See on www.businessinsider.com

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