Simple (formerly BankSimple) was an American neobank based in Portland, Oregon.
[6] The company provided FDIC-insured checking accounts to US citizens, but not to Permanent Residents, through a partnership with The Bancorp Bank before transitioning over to BBVA USA in 2016.
[8] What was initially known as BankSimple was founded in 2009 in Brooklyn[9] by CEO Joshua Reich and CFO Shamir Karkal.
[4] At year's end in 2013, Simple reported processing on average around 13 debit transactions per minute with an overall customer balance of $64 million.
[5] On February 20, 2014, Simple announced it had been acquired by Banco Bilbao Vizcaya Argentaria (BBVA).