This may be true now, but Simple (the consumer online bank) is currently in the process of shutting down.

Source? I have been a Simple customer for years, and haven't heard anything about them shutting down?

The aren't they are transfer accounts to BBVA

Just wanted to hop in here as a Simple employee—we are not shutting down! We're very much alive and well: as another commenter said, we're currently in the process of migrating our customers to our new partner bank, BBVA. (Definitely speaking in an unofficial capacity, but thought I'd clear the air as best I could.)