We are a financial services company. Our banking services are supported by Metropolitan Commercial Bank (Member FDIC) and the Simba VISA Debit card is issued by Metropolitan Commercial Bank pursuant to a license from Visa U.S.A. Inc.
Simba is for everyone! We initially designed Simba to meet the unique needs of immigrants - those who've settled in the U.S. who send money to their home country - but we aspire to serve everyone. Together, Simba and our customers make up a globally-minded community who want to expand access to economic opportunity through cheaper financial services and financial health.
Yes, you can sign up for Simba as long as you have a valid passport and a legal address in the United States.
You can set up direct deposit, transfer money to Simba from other bank accounts linked within the Simba app, or deposit cash at one of our convenient cash deposit locations.
Ask your employer for a direct deposit form. You’ll likely need to include Simba’s address – 115 Broadway, 5th Floor New York, New York 10006 – as well as provide our bank routing number and your account number - both can be found in the Settings Menu of your app.
You can connect any U.S. based bank account with your Simba account from within the app.
At this time, you are not able to allow you to overdraw your account and create a negative balance. If you attempt to overdraw your account, your card or transaction will be declined. We may provide overdraft protection in the future but only if we can do away with overdraft fees which tend to be expensive and problematic for may people.
100% safe. Like all banks, your Simba account is FDIC insured, so whether you're in the U.S. or abroad, your account is protected up to $250,000 by the FDIC.
You can use your Simba card anywhere VISA is accepted in more than 200 countries and territories worldwide.
We have a partnership with the VISA Plus Alliance, which has 6,000 ATMs around the U.S. The max it will cost you is $3. The cost for other ATMs, including those with a VISA logo, depends on the owner & operator of that ATM. We are working on additional ATM partnerships that will expand your options with cheaper (or even free) access.
You can use your Simba VISA card anywhere globally that accepts VISA – including at any ATM with the VISA logo. Foreign transactions fees and ATM costs vary greatly and are determined by VISA and the owner operators of each ATM. We do not charge any incremental fees on top of those.
We are already working on many exciting new Simba products, like a savings solution, different kinds of loans, financial wellness programs and more. We love working directly with our customers to select, prioritize & design our offerings and we invite you to become a part of the process! Join the Simba Community on Facebook or email us.
Within the Simba app's Settings Menu you will have full control over whether your Simba Debit card is active or frozen and you can toggle between the two settings at any time.
We currently do not offer checks but you can pay any of your bills using your virtual or physical Simba VISA Debit card.
For now, our international money transfer service allows you to send money from your Simba account to a recipients Visa card – no cash to handle, no trips to collect the cash, no lines to wait on. We're also currently working on providing you with other solutions and will introduce more transfer options soon.
In the U.S. you can use Simba to send money to other Simba accounts, to U.S. bank accounts or to someone's VISA card. Currently, the only way to send money internationally is to send it someone's VISA Debit, Credit or Prepaid card. We are working on offering other ways of sending money to foreign accounts, for cash pickups and more.
You'll need to request that they send it to you over an encrypted messaging app like Whatsapp or Signal. All you need is their name, card number, expiration date, country of issuance and their address. Without their PIN or CVV code you will not be able to use this information for any purpose other than to send money to them from your Simba account. Soon, recipients will be able to enter their own information within the app.
When you sign up for Simba you automatically receive a no fee checking account and it's through this account that you're able to send money to friends and family.
Through Simba you will be able to send up to $2,500 a day. At the moment, you will be limited to $200 per transfer so you would need to send multiple times if you wanted to send larger amounts.
You can send up to $200 per transfer, and up to $2500 per day.
We wanted to offer our customers a way to send money back to friends and family for free. To do so we had to put a cap on the amount you can transfer. If you earn a second free transfer you will be able to send another $200 for free in that month as well. For all amounts over that you will have to pay a flat rate of only $2.99 for each additional transfer. We don't mark-up our exchange rates so the rate we get is always the rate you get.
If you use your Simba Visa Debit card ten times in a month you will receive a second free transfer for that month which you can use to send up to $200. If you don't use it in that month it expires so we encourage you to use your card when you can, earn your second free transfer and then use it as soon as possible.
Simba can be used to send money to recipients with a Visa Debit, Credit or Prepaid card in 34 countries including: Bangladesh, Benin, Burkina Faso, Colombia, Dominican Republic, Ecuador, Egypt, El Salvador, Gambia, Ghana, Guatemala, Guinea, Guinea-Bissau, Haiti, Honduras, India, Ivory Coast, Jamaica, Kenya, Mali, Mexico, Niger, Nigeria, Pakistan, Philippines, Senegal, Sierra Leone, South Africa, Tanzania, Thailand, Togo, Uganda, The United States and Vietnam. We are constantly adding countries though so stay let us know if there's a country you'd like us to include by sending us an email.
Internationally, most recipients will receive their money instantly. Some countries can take up to 1 business day to get the money transferred onto the recipients Visa card. For specific country details please check out the list here.
Simba is for everyone! While we initially designed our services to meet the unique needs of immigrants - those who've settled in the U.S. who send money to their home country - we aspire to serve anyone. Together, Simba and our customers are a globally-minded community who are working to expand access to economic opportunity through cheaper financial services and supporting financial education.
For the time being, Simba is a digital only experience, meaning we have no physical bank locations. We are also rethinking what banking in the future might look like, and would like your input! If you have ideas or specific needs, we'd love to hear from you. Simply email us and tell us how you'd like to see Simba within your community.
Currently Simba is only available for those living in the U.S. or those who have a passport and valid U.S. address. We are working towards offering Simba to other global communities in the future.
We are a financial services company. Our banking services are provided by Metropolitan Commercial Bank. Member FDIC. The Simba VISA® Card is issued by Metropolitan Bank Holding Corp. pursuant to a license from VISA U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
We are always looking for great new talent and we're building a diverse workforce of both permanent and temporary staff to help us across a variety of functions. We will have a job board soon but in the meantime, simply send us an email, tell us what you'd like to do and send along a copy of your resume.
Simba was founded in 2019 by Simon Tiemtore, a West African Immigrant from Burkina Faso. Simon came to the U.S. in 1998 to pursue higher education and greater opportunities for himself, his family, and his community. He experienced first hand the many challenges immigrants face on their journeys and vowed to one day find a better way of providing financial services that would truly meet immigrant needs. Together with the support of his community and a team of global citizens Simba was born.
Your pending transactions are transactions that have not yet cleared, and are therefore not included in your Account Balance. They are listed in the app so you can see which transactions have been requested from your account that soon impact your balance. It's important to note that some pending balances are simply temporary holds placed on your account until the final transaction amount has been processed.
We are eager to offer our product and customer service support in as many languages as our customers speak. Our product and website will be available in English, French and Spanish. However our customer support is currently available in English only. Supporting other languages is a priority area for us.
Your monthly account statements will be emailed to you each month and can also be found from within the Main Menu in your Simba app.