[relyks]

I switched to One Finance (after trying several other banks like Monzo, Qube Money, Douugh among others). I really like the simple interface, and it's pretty similar to Simple in terms of functioning. In some ways, it's better. There isn't the goals/expenses feature, but I'm pretty sure it's on their road map. I'm able to use the pockets feature for now. They allow scheduled transfers between pockets. I just have to calculate before what needs to be added to each pocket I made (like the percentage of my income) to correspond to goals/expenses. Scheduled transfers to pockets that act like goals receive an end date and an amount transferred each time to reach the goal. Scheduled transfers to pockets that act like expenses don't receive an end date and receive a fixed amount of my income on the days I receive a direct deposit.

Like the cash envelope method of budgeting, they also allow you to select which pocket the current transaction will come from, so you can use specific pockets for different categories e.g. a pocket for groceries/food. The system would be more useful if transactions could be categorized automatically like Simple allowed you to do with goals/expenses. However, I found Simple's categorization to not always be accurate. I ended up categorizing a lot of transactions on my own.

It's also pretty cool that each of the pockets also has separate account numbers and virtual debit numbers (if necessary). I linked each of my credit card accounts to separate pockets independently.

Btw, I withdrew all my money from my account out of anger as soon as BBVA announced the transition haha. The whole thing was very confusing to me. Simple's product is far superior to anything of BBVA's or PNC's. Both companies should have been transitioning in the opposite direction to Simple's product and system. This whole process started after BBVA announced that their US operations would be acquired by PNC. It's pretty stupid too. No one I know decided to stick with their account. They definitely lost a lot of customers.

[linsomniac]

I wasn't entirely happy with Simple; their base service was solid, but I was hoping for some level of spending analysis that I was never able to get, and their offering stayed static for a very long time.

PNC's Virtual Wallet was on my radar years ago as an alternative to Simple, but I never gave it a try. When the PNC purchase was announced, I thought for a bit about just letting it roll over and trying Virtual Wallet. But then I looked into the fees section and found their overdraft fees are both fairly high per instance, and capped fairly high per day. IIRC, you could run up $140 of fees a day. Not a huge concern of mine specifically, but I don't want to support a bank that's sucking off the overdraft fees teat.

I ended up setting up a spreadsheet of my fixed expenses per paycheck, and then just set up One scheduled transfers of the amount that spreadsheet tells me to. That works at least as well for me as the Simple Expenses (which had a lot of annoying warts).