Software Alternatives, Accelerators & Startups

Simple VS Countingup

Compare Simple VS Countingup and see what are their differences

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Simple logo Simple

Simple is reinventing personal banking with modern online and mobile experiences, no surprise fees...

Countingup logo Countingup

Your banking and accounting in one place
  • Simple Landing page
    Landing page //
    2018-10-06
  • Countingup Landing page
    Landing page //
    2023-03-12

Simple features and specs

  • User-Friendly Interface
    Simple offers an intuitive and straightforward interface, making it accessible for users who may not be tech-savvy.
  • No Hidden Fees
    Simple is transparent about fees, such as not charging for overdrafts or maintaining a minimum balance, which can save users money.
  • Innovative Budgeting Tools
    Tools like 'Safe-to-Spend' and 'Goals' help users manage their finances more effectively by visually representing their spending power and saving goals.
  • Excellent Customer Service
    Simple has a reputation for responsive and helpful customer service, which can be reached via multiple channels, including phone, email, and social media.
  • FDIC Insured
    Deposits are insured up to $250,000 through a partnership with BBVA USA, adding a layer of security for users.

Possible disadvantages of Simple

  • Limited Product Offerings
    Simple lacks a comprehensive suite of financial products like loans and credit cards that traditional banks offer.
  • Cash Deposit Limitations
    Depositing cash can be cumbersome as Simple does not have physical branches; users must utilize third-party services which might incur fees.
  • No Physical Branches
    The absence of physical locations may be a disadvantage for those who prefer face-to-face interactions for their banking needs.
  • Reliance on Internet Access
    As a fully online bank, Simple requires stable internet access and competent digital literacy, which may not be convenient for all users.
  • Limited ATM Network
    While Simple provides access to a broad network of fee-free ATMs, users might still encounter situations where finding a fee-free ATM is inconvenient.

Countingup features and specs

  • Integrated accounting and banking
    Countingup combines banking services with accounting software, providing a seamless financial management experience and reducing the need for multiple applications.
  • Automated transaction categorization
    The platform automatically categorizes transactions, which saves time on bookkeeping and helps with accurate financial reporting.
  • Real-time financial insights
    Users can access real-time financial data, allowing business owners to make informed decisions promptly and manage their cash flow better.
  • Ease of use
    Countingup is user-friendly with a straightforward interface, making it accessible to small business owners who may not have extensive accounting knowledge.
  • Tax calculation and filing support
    The software provides support for tax calculations and filings, which simplifies the process of managing and submitting taxes for small businesses.

Possible disadvantages of Countingup

  • Limited to UK businesses
    Countingup currently services only UK-based businesses, which restricts its availability and utility for companies operating outside the United Kingdom.
  • No full accounting features
    While it offers integrated accounting tools, it might lack advanced accounting features that larger businesses or more complex financial situations may require.
  • Mobile app limitations
    Some users might find limitations in functionality or usability when relying solely on the mobile app, which can affect accessibility and experience.
  • Customer support
    There might be concerns about the level of customer support available, especially for businesses that require immediate assistance or more personalized service.
  • Bank account restrictions
    Users may be required to use Countingup's own banking services, which might not suit businesses that prefer to keep their banking and accounting separate.

Analysis of Simple

Overall verdict

  • While Simple was considered a good choice for digital banking due to its ease of use and helpful financial management tools, it no longer operates independently. Former Simple customers and individuals seeking similar features might consider alternatives like Chime, Varo, or other modern fintech companies that offer similar services.

Why this product is good

  • Simple was known for its intuitive and user-friendly mobile banking experience, offering features like budgeting tools, no fees on basic accounts, and a reliable digital platform. It aimed to make banking straightforward and stress-free for users, especially those comfortable with handling finances through an app. However, as of 2021, Simple has been shut down by its parent company, BBVA USA, and its services have been transitioned into BBVA's offerings.

Recommended for

    Simple, when operational, was recommended for tech-savvy individuals looking for a seamless online banking experience without many fees, and people interested in integrated budgeting and financial tracking tools. Current recommendations would be to explore existing fintech solutions with comparable benefits.

Simple videos

The Truth About Simple Skin Care

More videos:

  • Review - DOCTOR V Reviews Simple | Brown/ Dark Skin of Colour | SOC
  • Review - Simple Skincare Review! Micellar Water, Cleansers, Moisturizer | Clean, Affordable Skin Care

Countingup videos

Countingup

Category Popularity

0-100% (relative to Simple and Countingup)
Finance
100 100%
0% 0
Online Payments
0 0%
100% 100
Time Tracking
100 100%
0% 0
Payment Platform
0 0%
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Simple and Countingup

Simple Reviews

The 8 Best Budgeting Apps of 2020
Simple is more than a budgeting app, it is an online bank account that replaces your old checking account and has tons of useful budgeting features built-in. When your budget and your bank live in the same app, it is much easier to manage and keep everything under control because you only have one place to visit to view and manage your money.
17 Top Evernote Alternatives for Note-Taking for 2019
Here’s the lowdown: Simplenote is free across all devices; Evernote isn’t. Evernote has an adequate amount of formatting and rich text options; Simplenote doesn’t. Evernote offers web clipping, Simplenote doesn’t.

Countingup Reviews

We have no reviews of Countingup yet.
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Social recommendations and mentions

Simple might be a bit more popular than Countingup. We know about 4 links to it since March 2021 and only 3 links to Countingup. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Simple mentions (4)

  • Closed bank closed debit card (simple.com)
    I received a refund for an item on Amazon and the debit card and bank was closed. Amazon will not reissue the refund to a different debit card and I'm clueless who to contact if there is anyone to contact since simple.com was defunct in 2021. Any help would be appreciated. Source: over 3 years ago
  • Am I selfish?
    Get a fresh bank account without him; credit unions can be good for this. Make sure it's not at a bank that he frequents...you don't want the teller to be "helpful" and clue him in on things. I used to recommend simple.com for a debit card, but they have sold out to PNC. Source: over 4 years ago
  • I never had to call Simple.
    Patience and discovering that simple.com now points to BBVA's Simple migration page. Source: over 5 years ago
  • Q about Simple hosted message center
    Prior to putting this on reddit the site showed a simple.com blue banner. Source: over 5 years ago

Countingup mentions (3)

  • Free £50 for signing up to CountingUp Business Current account (like Tide). Only 3 days left to sign up, offer ends 23/02/23!
    Non ref: https://countingup.com (you don't get £50 if using a non ref link). Source: over 3 years ago
  • Free £50 For Signing Up For A Counting Up Business Account (No Deposit)
    Sign-up for an account through a referral link to be eligible for the £50 bonus. Please DM me for a link (non-referral link - https://countingup.com/. Source: over 4 years ago
  • £50 FREE! For signing up to a Counting Up business Account
    Non-referral: https://countingup.com/ See full FAQ and prices here too. Source: over 4 years ago

What are some alternatives?

When comparing Simple and Countingup, you can also consider the following products

Money Guide Pro - Money Guide Pro is a financial planning software solution.

Revolut - The easiest, fastest way to save for your financial goals.

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