Earlier this year, we were a bank with a lot of love Simple It will end, The customer has been transferred to the parent company BBVA. At the time, an exact date for this change has not yet been established, but today the company sent an email to customers informing them that they can expect the change to happen on May 8. And if you were hoping there would be a smoother transition, you’re out of luck. Simple apps and sites also darken on those days.

Simple customers don’t need a new account or routing number, and their old debit cards will continue to work. However, there is one big problem that all readers should pay attention to. BBVA automatically registers all customers on paper statements, in which case the monthly fee is $3, so we opt out as soon as possible. The fee is Sadly change. BBVA charges an out-of-network ATM fee of $3, while Simple customers do not have any fees charged by the bank. In addition, BBVA has an alternative debit card fee and a deposit/withdrawal transfer fee. And, of course, as a more traditional bank, you have to be insulted by overdrafts and associated fees and have to reach $32 per item. In short: BBVA isn’t simple and doesn’t even try to do that.

After 8 days of conversion, your account balance will be seamlessly transferred to your BBVA account, and when you log in you will be prompted to create a new BBVA-related credential. BBVA Slightly contradictory,But Sounds like Your account details and statements are no longer available on the Simple site, but go to BBVA.

If you don’t want to go to BBVA, you can simply close your account before that or keep your $0 balance for 60 days before conversion.

Customers will receive a paper copy of the new terms and conditions associated with their new account in the mail, and two weeks before the transition, BBVA will email you instructions on how to access BBVA online banking.

If you don’t seem to be interested There are many alternatives — There is no good substitute.