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Overview / Commentary
888-248-0632
1615 SE 3rd Ave #200
Portland, OR 97214
Reviews (1)

Love This Bank!

Posted by: katsehh | Jul 12, 2017

There are a good deal of cons, but for me the pros outweigh them by a lot.

Pros:
* Fees are low and few.
* App is amazing. Clean and yet full of great features, like Goals, check deposit, photo attachments, memos, tags, and more.
* Scheduled Payments.
* Instantly block your card if you lose it.
* Instant notification for every purchase.
* Great customer service.

Cons:
* Debit card, not credit.
* Low interest rate.
* No savings account (or any other account).
* Depositing cash is a hassle.
* No checkbooks. You can use the app to send checks to people, but you cannot write them yourself.

For more details, check out my full, detailed review:
http://www.whateverthehelliwant.net/2017/07/simple-bank-review/



Health
B+

Health Grade Components

Overall
FDIC Certificate #19048
Year Established1964
Employees9837
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.63%
Return on Equity - YTD4.33%
Annual Interest Income$1.32B
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$83.95B$86.74B
LoansQ2 2017vs Q2 2016$59.14B$60.95B
DepositsQ2 2017vs Q2 2016$66.22B$68.04B
Equity CapitalQ2 2017vs Q2 2016$12.08B$12.11B
Loan Loss AllowanceQ2 2017vs Q2 2016$817.0MM$843.1MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$791.4MM$1.07B
Real Estate OwnedQ2 2017vs Q2 2016$21.9MM$15.0MM
Rates

Sorry, we do not have rate data for Simple.

Locations

Simple is an Internet only bank and does not have branch locations. Its headquarters is located at 1615 SE 3rd Ave #200 - Portland, OR 97214