an alternative to big, wall street, money center, insolvent banks..........from singularity hub........
"Overdraft penalties, hidden charges, ATM fees – mainstream banks have come up with a myriad of ways for separating you from your money. BankSimple not only wants to put an end to the leaching, they want to help you manage your cash in the easiest, most straight forward way possible. The (soon to be) Portland-based startup represents a new kind of retail account for your money. Instead of brick and mortar banks, everything is done online or via a smart phone app. Instead of dealing directly with checking and savings accounts, you just tell BankSimple your goals, and they manage your money for you. Best of all, there are no hidden fees. Take a sneak peek at their online interface in the video below. With 70,000 people signed up for a chance to join their beta, BankSimple is hoping to make a big splash on the retail banking market in late 2011/early 2012, and has $13 million+ in funding propelling them forward. Can a web-based bank really change the way Americans manage their money? I talked with CEO Joshua Reich, and it sounds like BankSimple is going to find the answer soon".............READ MORE
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