[whakojacko]

> Bank Simple doesn't appear to bring a whole lot new to the table.

BankSimple, unlike Mint/Wesabe, is an actual bank* (*ok not techincally for regulatory reasons, but you will store money with them). You will keep/deposit your money there, and be able to spend it via BankSimple-branded debit cards. Its a whole additional level of integration over Mint/Wesabe, which are just web frontends to existing bank accounts

[ThomPete]

And this is actually very important to realize before you will begin to understand the completely different paradigm this allow for. It's a very big thing that it's not "just" a frontend. It means access to completely different kinds of data.

[jamesgagan]

I think you are wrong - From their own FAQ: So, what’s the deal...are you a bank? No, but we replace your current banking relationship. That is, BankSimple provides a modern online banking experience, top-notch customer service, and beautiful mobile apps. Our partner banks hold our customers’ funds in FDIC-insured products and ensure regulatory compliance. BankSimple’s partner banks aren’t large banks, and have been chosen for the safety of their balance sheets and technological capabilities.

https://banksimple.com/faq/#whatthedealis