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A comment on BankSimple invites first customers; rebrands itself as Simple. Parent comment

Re:BankSimple invites first customers; rebrands itself as Si... by al3x on Tuesday November 08, 2011 @01:17PM (#3211978)
If you bank with us, you're money resides in an FDIC-insured bank account. You have the account and routing numbers and can transfer funds in or out at any time. We try to make banking anything but "scary" :)
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Re:BankSimple invites first customers; rebrands itself as Si... by sliverstorm on Tuesday November 08, 2011 @01:51PM (#3212160)
Sweeping the technical details under a rug is what is making this scary. Many people may not care, but it would be very comforting to those that do if you had a document somewhere that explained exactly, in gory detail, where and how BankSimple fits in between the customer and the bank.
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