[Expired] Simple Finance Bonus, Get up to $500 and 2.15% APY

October 2, 2019

Simple Finance Bonus, Get up to $500 and 2.15% APY

Simple Finance is offering a new bonus that can get you up to $500 in cash. This Simple Finance bonus is available nationwide until 10/31/19.

Offer

To earn $500:

Open a new Simple Account by 10/31/2019 4:59 PM PT.
Deposit(s) totaling $20,000 or more must post to the new Account by 11/15/2019 4:59 PM PT.
Maintain a balance of at least $20,000 through 1/31/2020 4:59 PM PT.

To earn $250:

Open a new Simple Account by 10/31/2019 4:59 PM PT.
Deposit(s) totaling $10,000 or more must post to the new Account by 11/15/2019 4:59 PM PT.
Maintain a balance of at least $10,000 through 1/31/2020 4:59 PM PT.

Balances in your Simple Account earn 0.01% APY. Also open an Individual Protected Goals Account to earn up to 2.15% APY and keep it safe from spending. Then we’ll use the combined balance between your Simple Account and Protected Goals Account to calculate your eligibility for the bonus.

BONUS PAGE

Offer Terms

Qualifying customers will receive the bonus credit to their Simple Account by 2/14/2020 4:59 PM PT.
Accounts must be open and in good standing at the time of bonus credit.
BBVA USA may report the value of the bonus to the IRS as required by law. Any client whose tax status would require BBVA USA to impose tax withholding of any sort will not be eligible for this bonus.
Bonus may be modified or withdrawn without notice.

Eligibility

Offer not valid for current customers
Employees are ineligible for this promotion.
US citizenship is required

Fees

These accounts have no monthly fees.

Guru’s Wrap-up

You could earn as much as $750 with the offer they had last month. This bonus is more straight forward. You need to deposit $20K for the $500 bonus and keep it in the account for about three months. You can also earn a 2.15% APY which is very competitive. Pretty sweet deal.

But the problem is all the issues that have been reported by people over at Doctor of Credit, who went for this bonus. They range from issues opening the account, accessing it, funding and more. Please let me know in the comments if you have dealt with this bank in the past. Hopefully it will help other readers who are thinking of applying.