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by al3x 5330 days ago
We've explained in our FAQ why we don't do this currently: https://www.simple.com/faq/

Basically, reimbursing ATM fees is an illusion. They charge you over here and reimburse you over there. No net win for most consumers, unfortunately.

1 comments

I'm curious about this - it's one of the reasons I love banking with Schwab. No fees for ATM use, even internationally. I rarely need cash, but when I do, it's really convenient that I can use any stinky old corner ATM.

I ask honestly: what illusion am I missing?

Yeah, ditto to this. I have Schwab and I can go to any ATM and they reimburse me at the end of the month. No yearly, monthly, overdraft fees. nothing.