Can a bank that is not a bank be a bank? (Whew!) This service, called Simple, is really not a bank in itself, but provides many of the same services, with more disclosure, than other regular banks, and will not charge customers fees. They don’t provide everything, but it is an interesting alternative!
See this article about it in the New York Times by Jenna Wortham:
http://www.nytimes.com/2013/01/09/technology/a-financial-service-for-people-fed-up-with-banks.html?pagewanted=1&_r=0
Simple could have problems or it could be hugely successful, but you have to admit it is different!
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