Yeshu JP

Schwab can blacklist you as well. Not just Simple. Best way is spread around the MOs (even this is risky), but if MOs were drawn on different days, I guess that would be OK. Probably not a good idea to draw several MOs on the same day and deposit them in different banks.

lad2

My account just got shut down and they actually used the words "manuafacture spending" as the reason.

PSA: Clear out your Simple account and pre-emptively close it before they do.

thepaul500

We're you warned prior to this and kept going? We're you maxing out at 15 MO's per 30 days and immediately withdrawing? Bill pay, ach, what?

Without more information, your post is of little use. And if the risk of a shutdown is too much and getting your funds held up awhile, this isn't the game for you.

thepaul500

We're you warned prior to this and kept going? We're you maxing out at 15 MO's per 30 days and immediately withdrawing? Bill pay, ach, what?

Without more information, your post is of little use. And if the risk of a shutdown is too much and getting your funds held up awhile, this isn't the game for you.

AscorbylPalmitate

BQatWSU

Just an FYI

My account was closed today. I had deposited about 4-6k per month and kept the balance above $1,500 at all times. I transferred to my main checking account every 7-10 days

Robyn said

"After a review of your deposit history, we are closing your account.

Per the account agreement, our accounts are limited to personal use only. Your deposits do not meet the requirements of the account agreement.

We will mail a check for the balance of your account as soon as your transactions have cleared.

Thank you for your attention,

-Simple Support"

My fiancee who just started depositing money orders into her simple account at the same frequency over the last 6 weeks after having account open for 5 months with no activity, also had a message from Robyn. It told her to stop depositing money orders, but didn't close the account. Mine was closed, I suspect, due to the previous warning a few months ago.

MasterCharge

lol the sky is falling, the sky is falling...again

lad2

Uh don't put words in my mouth please. It's just a warning you want to close your account instead of them doing it potentially result in a negative mark in your CHEX report.

Frindle

Anyone using Simple be careful. Their latest software update has wrecked havoc. It sent my money to the wrong bank account, and checks (as well as MOs) are taking longer to clear. They aren't even accepting phone calls right now unless it's "an emergency."

liw5215

Finally got the infamous letter from Robyn, saying no more MO deposits. Here is the history: opened the account at Feb, starting deposit 1K Mo every 10 days since March, not deposit for Jun while on vacation.

jk2

So, those people who got a mail from Robyn asking about MO deposits - did it end up in "good way" for you or their (Simple) decision was to close an account or no more deposits?

My story - I have a Simple account from 2013 (when they launched the service), but started to deposit MOs last year - usually no more than 4K, and use these funds to pay bills (no ATM, no ACH). After last deposit this week, I got a message from Daniel asking details about MO deposits. I replied and they didn't says anything yet. I'm worried how it will end.

givingitatry

Does anybody do any small everyday type expenses or mix in regular deposits? I only deposit about 1K a month and have set goals for savings instead of bill pay out immediately. I used the debit card occasionally for small purchases. So far so good but only using 4 months.

jk2

UPDATE: Daniel responded that they don't like MO deposits (checks are OK) and advise not to deposit MOs anymore. Well, move to another bank. I'm not sure if I should close my Simple account or sit with 0 balance (however, there is a dormancy fee if no activity for 6 months).

MasterCharge

is anybody still using this??? i am thinking of dropping 28K of MO in the next few days and hit it with bill pay