Like how the "bank" in "Bank of America" is redundant and wasteful?
To clarify, I don't really care either way- I'm sure they had other reasons for dropping the "Bank" from their name, especially since they're not really a bank.
To clarify, I don't really care either way- I'm sure they had other reasons for dropping the "Bank" from their name, especially since they're not really a bank.
Official name "Wells Fargo Bank, N.A." owned by "Wells Fargo & Company".
So my response was to point out that actually the banks we think of as not having "bank" in the name do, and it hasn't stopped us from referring to them without it. So if they stuck with Bank Simple, it would help people initially understand what they do, then once (if) they become a household name, people could refer to them as "Simple".
Of course, this is all ignoring the whole legislation stuff.
Telling someone that you have your money in a simple account doesn't convey as much meaning as telling someone you have your money in a Barclay's account.