Want to Save Money? Try the Fee-Free Simple App

Banks love fees. ATM fees. Overdraft fees. "Monthly maintenance" fees.

That's right, most banks charge you a fee simply because your bank account exists. Toss that in with frustrating, automated customer service platforms and you may be tempted to write off this banking BS altogether. If you're exasperated with banking the traditional way, there's a new company on the market that aims to solve some of the most common complaints about big banks: It's called Simple.

Simple (formerly BankSimple) has slowly rolled out to the public over the past year, and aims to reinvent the entire banking experience with — you guessed it — a simpler approach. The platform isn't a bank; rather, it's an alternative bank account available online or via mobile app, partnered with FDIC-insured Bancorp, as well as Visa. Simple's mission is, well, simple: It seeks to create better, more humanized banking — without the slew of fees and charges that big banks tend to sneak in under the radar. Read more...