BankSimple – Managing your cash via your smart phone

Let’s clarify what BankSimple is, and how it works. First, it’s not a traditional bank, but you do put your money in a BankSimple account as if it were a bank. You make deposits by electronic transfers or by photographing a check with your smart phone. BankSimple gives you an online interface, and a debit card, that you use to make payments from your BankSimple account. If you want to put some of your money in savings, BankSimple finds the appropriate financial products and invests for you. BankSimple manages your money, all you do is set goals for your savings.

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