Simple bank announced in January that it would be shutting down.
If you re a current customer and want to close your account, you can do so online or by phone.
If you choose to do nothing, your Simple account will become a BBVA USA account in 2021.
Simple bank announced recently that it will be closing its doors in 2021. If you re a current customer wondering what that means for your money, there are a few things you should know.
Simple is shutting down because its parent company, BBVA USA, is being acquired by PNC Bank. By spring 2021, all Simple bank accounts will become BBVA accounts, then PNC accounts. So as a customer, the first thing you can do is absolutely nothing; Simple has been clear that if you leave your money where it is, your bank account will transition over to BBVA USA this year, and the intention is that customers shouldn t be impacted too greatly.
You may be eligible for food assistance, rent relief, or low-cost healthcare coverage.
CalFresh, also called the SNAP program, provides food benefits for low-income households.
Many Californians are struggling to make ends meet in the face of the pandemic, reckoning with food insecurity, unemployment, and rent payments.
If you re a Californian who needs a guide to get your financial bearings during the pandemic, we ve compiled a list of available resources for you. To make the most of these opportunities, you have to understand what s out there.
State-sponsored stimulus payments
In late February 2021, California passed a coronavirus relief package that includes a $600 one-time payment for nearly 6 million people. Not as many people will receive this payment as those who received the federal stimulus payouts, but people like undocumented immigrants who were left out of previous checks will be eligible. Qualified recipients will get the money 45 days to two months af
1. The magic ingredient in compounding is time
Compounding helps investors build wealth by generating returns on investments over time. These returns then continue to compound and help grow assets. Compounding is sometimes referred to as earning interest on interest.
Many of us know that compounding works, but we can t really understand it on a huge scale. Housel delivers some perspective by taking a look at Warren Buffett.
Buffett is well known as one of the wealthiest investors of all time, but it s not all because of his skill as an investor.
Buffett started investing when he was a kid, at the young age of 10, so his money has had decades to compound. Most of us can t go back in time and fill up investment accounts we never had, but we can start investing now. The longer your money stays in the market, the more it will grow.