But they don't have joint accounts, so my wife and I would have to go through a lot of trouble to use their service. It's interesting to say that they are not able to expand as fast as they wanted when they are missing this HUGE feature. Not having this feature has kept me from using their service ever since I received a very early beta invite.
I transferred a few hundred bucks to Simple when I signed up and finally moved that money back out just last week. I'm done waiting. :(
I'm on a similar boat. She manages certain budgets, so every pay check I make a few instant transfers (so I can categorize/track on my side) and that's it. And if she uses her account (debit card) for other stuff outside the budget, I just instant transfer.
The real problem would be if both earned an income, as there would be no way to "share" a goal. (A feature which Simple is supposed to be working on.)
But with this news that they're being acquired, I now have even less hope than before. I love Simple, but I'm now wondering if I'm going to have to find a different company to give my business.
http://www.irs.gov/Individuals/Frequently-Asked-Questions-ab...
> If I am filing a joint return with my spouse, must our refund be deposited to a jointly-held account?
> You can ask IRS to direct deposit a refund on a joint return into your account, your spouse’s account, or a joint account. However, state and financial institution rules can vary and you should first verify your financial institution will accept a joint refund into an individual account.
Not sure if it's a state, Simple, or Bancorp policy, but it's not an IRS one.
Why not have one account for each of you? Simple has instant account-to-account internal transfers.
But, account to account transfers does not solve the problem at all. I don't want to have to transfer money from my account to my wife's account manually. It's so much easier when she can just access a shared account and move money as needed.