Banking goes more mobile
Simple has made some serious strides since it opened up to the public last year, but there’s one thing the service has just never been that great at: transferring money from one bank account to another. According to a post on the official Simple blog, those days are finally over — users can link their Simple accounts to existing bank accounts to move their money around.
Frankly, it’s about time.
Let’s back up a minute here first: why is this such a big deal? To answer that, we have to look at how the Simple onboarding process works. When you first set up a Simple account, you’re given the chance to make one initial funds transfer from your old bank account — that’s it. Before the external accounts feature was added, users who wanted to subsequently transfer funds from their existing bank account to a Simple account had to…
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