Answering etherealG's question here because I can't reply to him below:
Yes, you'll know what institution your funds are at. When you get your Simple card, it'll say "issued by {Bank Name}" on the back.
Yes, you'll know what institution your funds are at. When you get your Simple card, it'll say "issued by {Bank Name}" on the back.
(Also, what bank do you currently work with? What will the first round of cards say?)