We offer mobile check deposit so you can easily deposit checks through the app. To make a deposit, open the mobile app, tap the Manage Money icon, then tap Check Deposits.
"For Mobile Deposit Only at Aspiration" must be written on the back of your check, under your endorsement, to be accepted. Checks deposited via the mobile app become available 1-2 business days* after being deposited.
*Endorsed third-party checks are not accepted for deposit into Spend & Save accounts at Aspiration. Checks may seem pretty old-school, but they're still widely used, even in 2021. Banks offer checks for people to perform a variety of transactions, from paying their utility bills to gifting money to their friends.
During the day, your funds are held at Coastal Community Bank, where debit cards are also issued from. That's up to $250,000 FDIC insurance per account type (checking and saving accounts).
Aspiration does not offer traditional checking or savings accounts. Instead, Aspiration customers have a CMA, an account that allows you to manage cash, make payments, and earn interest.
Aspiration Spend & Save features valuable benefits on two different tiers. Its basic account earns cash rewards whenever you use your debit card, while Aspiration Plus earns an impressive average percentage yield — 5.00% APY — but you do have to jump through a few hoops to be eligible for its high-yield APY.
As part of our commitment to have customers Pay What is Fair, there is no fee for any accidental overdraft. We encourage customers to regularly check their balances on the mobile app or online to avoid any fund availability issues. Was this article helpful?
Having Someone Endorse a Check So You Can Deposit It In Your Account. The exact process whereby someone endorses a check so that you can deposit it into your own account may vary from bank to bank or credit union to credit union. In general, this involves the person writing your name on the back and signing the check.
For extras, including wire transfers and other services banks typically charge fees for, Aspiration charges just what it costs the company to provide the service — so it won't pocket an extra for its trouble. You can't overdraft on your Spend & Save Account, so you don't have to worry about overdraft fees, either.
To deposit a check using Cash App:
Open Cash App on your Android or iOS device. Tap on your balance in the bottom left corner of Cash App. Scroll down and tap on the option to deposit a check. Enter a dollar amount of the deposit that you'd like to make.
Deposit or cash the check
Take the endorsed check to the bank or ATM, or use your bank's mobile check deposit feature to process the check. It may be helpful to have the other person at the bank with you when you deposit the check to help verify their identity.
This would be done by having the payee endorse the check (sign the back) and below that write "PAY TO THE ORDER OF JOHN SMITH", and then John Smith can endorse and then cash or deposit the check.
If you want to deposit a signed-over check without visiting the bank, a mobile check deposit is a good alternative. If the bank allows, you can take a picture of the check and upload it digitally. You can withdraw the money or send cash electronically after that.
The daily withdrawal limit for the account is $500 (Limit for the first 30 days). The daily ATM withdrawal limit for Aspiration Plus $1,000. The Limit is due to increase with time and if you choose to upgrade your account. The bank has no weekly or monthly ATM withdrawal limits.
Aspiration customers can earn up to 5% cash back on debit card purchases at retailers with a high Aspiration Impact Measurement (AIM) score, which Aspiration calls its Conscience Coalition. Aspiration Plus members can earn up to 10% cash back for purchases with Conscience Coalition members.
To get an Aspiration Zero cash advance:
Call Aspiration Zero customer service at the number on the back of the card and request a PIN, if you don't already have one. Insert the credit card at an ATM and enter the PIN. Select the cash advance option on the ATM screen. Enter the amount you'd like to withdraw.
If you plan to deposit the check into your own bank account, you'll typically need to sign your child's name on the back of the check followed by the word “minor” — and then endorse it with your signature right below the minor's name. You may also need to include additional information like your account number.
A check may be deposited into the account of a payee without a signature endorsing it if the person making the deposit makes a restrictive endorsement. Most banks allow anyone to deposit a check using these endorsements – usually qualified as “For Deposit Only” on the back of the check with the payee's name.
You can deposit your husband's check if he endorses it. The process of depositing your husband's check into your bank account is actually quite easy. As long as your husband endorses the check properly, you shouldn't have any problems, barring regulations specific to your bank.
A check deposited into a PayPal account can only be made out to the person who owns the account. Third-party checks are not accepted. PayPal accepts personal and business checks from all banks as long as they are not made out to “cash.” PayPal does not accept traveler's checks, cashier's checks or money orders.
Get Money in Minutes for a Fee: To cash a check and get your money in minutes, the standard fee is 1% for payroll and government checks with a pre-printed signature and 5% for all other accepted checks, with a $5 minimum fee per check. If your check isn't approved to be cashed, no fees will be assessed.