Thursday, June 13, 2013

Simple Adds External ACH Transfers

Portland-based Simple, the developer of mobile banking software, said today that it has made it easier for its users to transfer funds to and from its services, using the Automated Clearing House (ACH) network. Simple said that customers are now able to electronically transfer funds to and from the service via ACH, via a partnership with The Bankcorp Bank. Simple said the cost of transfers will be free for users. Users previously had to either use direct deposit with their employer, or deposit checks using the mobile app to add funds to the service.