Service aims to make banking simpler

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Making financial services easier for consumers to deal with was the aim of the Wallaby card, recently featured on these pages. Now taking a different approach, Simple is a new service that also offers greater control of accounts with multiple online and mobile features. While not a bank itself, Simple works with a partner bank – The Bankcorp Bank – and acts as a more user-friendly intermediary. Customers do not experience fees on services such as overdrafts or low balances, as the company makes its money from interchange revenue and loan interest, which sits at eight percent. Those joining the…

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