We've been hearing a lot about BankSimple for about six months
now. All the talk has been about an innovative user experience, 'no
surprise' fees and more besides. But what can the bank deliver that
is genuinely different and useful?
We've just seen a video that gives some of the answers. It's
easier to watch than to explain, but one thing that did strike us
immediately is the 'safe to spend' feature. This clever little
widget highlights the individual's available credit taking into
account imminent regular payments, and more general spending
trends.
That's neat. There's nothing more annoying than checking a
healthy account, blowing some cash on a new jacket and then
discovering at the end of the week that you're on skid row thanks
to an automated credit card payment that just went through.
So what else does it do? Well, imagine searching account
statements search by location, company and name-far more convenient
than scrolling through a mind-numbing list of transactions. Other
functionality such as 'locked' payment goals seem less adventurous
- certainly nothing a calculator and a bit of will power couldn't
handle in the past. That said, there's plenty to whet our appetites
for when the service finally goes live. File under 'watch and
enjoy'.
Click here to watch the video.
