[josephagoss]

It looks like they are trying to do good, however Banking is not like Google or Amazon cloud. Whilst the odd downtime happens with these technology companies, people forgive and move on, but banking really is different.

If my bank went down losing access to my money, I would be naked, I don't always have cash and money is our oxygen is this society, a absolute essential. Hopefully the downtime for Simple will be short, but if they had 100 million people using them as their main bank and this happened, you could expect mass exodus the next day.

The only time I have lost access to my money was a few years ago when VISA or MASTERCARD went down (or both), with them you don't have a choice and everyone lost access to their money, but if ever just one bank went down it wouldn't turn out good at all.