On January 7, 2020, Simple Bank customers received an email stating that its parent company, BBVA Compass, would be closing Simple. Simple customers are distraught at this news.

Simple offers unrivaled services for budgeting and saving all in one platform: the expenses and goals features are helpful in budgeting; high-yield protected goals account and the offer of CDs promotes saving; customer service is always personable and responsive. These features, all available without any fees, are Simple's strength and help it stand out against other online banks like Chime or Aspiration. Over 500k downloads on Android, a 4.6-star review on the App Store, and numerous positive reviews from tech websites all attest to Simple's quality services.

A great bank can change financial lives, and Simple has consistently offered the services that young and old alike benefit from on a daily basis. 

PNC is in the process of acquiring BBVA USA, Simple's parent company. This means that Simple will be discontinued as PNC offers a similar service in the PNC Virtual Wallet. Simple users and supporters ask that their service can be kept operating - it's too good of a bank to lose.