As a cash management service for the non-wealthy and socially conscious, Aspiration is great. It doesn't cap the number of reimbursements you'll receive from ATMs and there's no minimum balance to maintain. Plus, you can use your dollars to align your finances with a worthy cause while still earning 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.
Is Aspiration a Legit Bank? Aspiration is totally legit but it's not a bank. Like most other online banking platforms, Aspiration is a financial technology company that partners with FDIC-member banks to hold and insure your money.
Aspiration may be a good choice for customers who want the convenience of banking online, without the need to visit a branch. It might be right for someone who wants to: Pay no monthly maintenance fees on checking. Earn cash back on debit card purchases at select retailers.
The biggest benefits of Aspiration's CMAs are exclusively for Aspiration Plus customers. Unlike the basic Spend & Save account, Aspiration Plus has a set monthly fee of $5.99 a month billed annually or $7.99 if billed monthly.
You may only access your Cash Balance through your Aspiration Account. You cannot access or withdraw the Cash Balance by directly contacting the Priority List of Banks. Balances in the Cash Sweep Program can be liquidated on your order and the proceeds returned to your brokerage account or to you.
At Aspiration, account opening is free, while for maintaining your account, a "Pay What is Fair" principle is used. This means you decide how much you want to pay per month, within a range of $0-20. There is also a $10 minimum deposit required to open a checking account.
Aspiration Spend is the checking account portion. You're given a debit card and receive cash back rewards with every purchase. Rewards are unlimited, and you're even able to earn extra cashback for shopping at businesses with a conscience.
High interest rates. Aspiration customers with a basic Spend & Save account can earn up to 3.00% on their savings, or they can earn up to 5.00% APY with the Aspiration Plus subscription add-on — which costs $7.99 per month or $5.99 per month if you pay for a full year in advance.
Aspiration Debit Card is issued by Coastal Community Bank, Member FDIC, pursuant to a license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
Aspiration is offering a $200 bonus when you open one of their Aspiration Plus accounts and then spend at least $1,000 using your debit card.
Save the Planet, Get a $200 Bonus
With Aspiration Spend & Save™, get the world's first cash back account that lets you track the impact of your spending - all managed through one intuitive app.
Follow these simple steps to add a $150 bonus to your new account: Open your Aspiration Spend & Save Account and fund your account with at least $10. Use your Aspiration debit card to make at least $1,000 of cumulative transactions within the first 60 days of opening your account.
There is a $1,000 daily limit for cash withdrawals from an ATM and a $4,000 daily limit for PIN purchases or any charges requiring your signature. You'll also be limited to a $5,000 daily outgoing transfer limit and a $1,000 daily incoming transfer limit.
As a cash management service for the non-wealthy and socially conscious, Aspiration is great. It doesn't cap the number of reimbursements you'll receive from ATMs and there's no minimum balance to maintain. Plus, you can use your dollars to align your finances with a worthy cause while still earning interest.
Our Aspiration community plants more trees than there are in New York's Central Park every day. One mature tree will remove about 48 pounds of carbon dioxide from the earth's atmosphere per year.
Through the Aspiration Insured Bank Deposit Program, cash balances in the Aspiration Spend and Save Accounts are deposited at one or more FDIC-insured depository institutions (each a "Bank") up to $250,500 per Bank. With eight Banks available, Deposits are FDIC-insured up to $2 million per depositor. Visit fdic.gov.
Unlimited ATM Withdrawals at Allpoint ATMs
ATMs on this map are fee-free for all Aspiration customers.
Offer is only valid for customers who open a new Aspiration Spend & Save Account or Aspiration Plus Account. Allow up to 120 calendar days from account opening for the $150 or $200 offer credit to post to your Aspiration Account.
Aspiration launched their very first credit card on Thursday, the Aspiration Zero Credit Card. This new card earns cash back on every purchase, but ultimately serves a much greater purpose that that.
How does Aspiration cash back work? 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.
The Aspiration Zero credit score requirement is good credit or better. That means you need a credit score of 700 or higher for good approval odds. You can check your credit score for free on WalletHub.
How account holders can get 5% on their savings. Starting today, Aspiration Plus members will earn a 5% APY on the first $10,000 in their Aspiration Save accounts for every month in which they spend at least $1,000 with their Aspiration debit card.