The Aspiration Spend & Save Account are cash management accounts offered through Aspiration Financial, LLC, a registered broker-dealer and Member FINRA/SIPC. An affiliate, Aspiration Fund Adviser, LLC, is an SEC registered investment adviser. An affiliate, Aspiration Card Services, LLC offers credit services. An affiliate, Aspiration Insurance Agency, LLC offers insurance products. An affiliate, Make Earth Green Again, LLC, offers a standalone Plant Your Change service. An affiliate, Aspiration Sustainability Impact Services, LLC offers business to business services. Aspiration Financial, LLC, Aspiration Fund Adviser, LLC, Make Earth Green Again, LLC, Aspiration Card Services, LLC, Aspiration Insurance Agency, LLC and Aspiration Sustainability Impact Services, LLC are wholly-owned subsidiaries of Aspiration Partners, Inc. (collectively “Aspiration”). Aspiration is under separate ownership from any other named entity. Aspiration pledges to donate 10% of our profits to charities. Indemnity Agreement.Aspiration is not a bank.
Aspiration’s Pay What Is Fair & Services Charges. Aspiration Debit Cards are issued by Coastal Community Bank, Member FDIC, pursuant to a license by Mastercard International Incorporated. 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 $250,000 per Bank. With nine Banks available, Deposits are FDIC-insured up to $2.25 million per depositor. Visit fdic.gov. You are responsible for monitoring your deposits at each Bank to determine the available FDIC insurance coverage. Aspiration’s Program Banks. Aspiration’s Allpoint ATM Locator. The Aspiration Save Account’s up to 5.00% Annual Percentage Yield (“APY”) with up to 83x the national interest rate is variable, subject to change, and only available to customers enrolled in Aspiration Plus after conditions are met. Customers not enrolled in Aspiration Plus receive 3.00% APY after conditions are met. Terms & FAQ. Aspiration’s Cash Back program is subject to change at any time and without notice, including reversal of rewards for abuse, fraud, and other illicit activity. Cash Back rewards are generally credited on the first day of each calendar month. For additional Cash Back details, click cashback on purchases & Conscience Coalition. Aspiration’s early funds service is not guaranteed and is subject to applicable terms. “Big Banks” refers to the largest consumer depository banks in the country, and their climate destroying banking practices are based on the RAN.org’s Banking on Climate Change 2020 Report Card. Plant Your Change Terms. Planet Protection Information. Aspiration Impact Measurement (“AIM”) Scores. Redwood Information. Aspiration does not offer or provide investment, financial, tax, or legal advice. Investing involves risk, including the loss of value, and there is no guarantee that any investment will achieve its objectives, generate profits, or avoid losses. Before investing, consider your personal situation. This site is meant for U.S. persons only.
The “save as much as $300 or more” claim is based on Aspiration’s Pay What Is Fair model with all extra services provided at cost compared against the national average for monthly maintenance fees assessed at traditional financial institutions, $9.60 per month, added to the average cost of using ATMs, $3.00 average ATM operator fee, $2.50 average non-network ATM fee, and $5.00 plus percentage for international ATMs, combined with miscellaneous other services like sending and receiving wires, $15.00 – $45.00, issuing checks, up to $26 per book, and processing ACH transactions, from $0.20 – $1.50 per ACH. These fees add up for traditional bank customers, but with Aspiration, we empower customers to choose their own fee while providing extra services at cost, cash back opportunities, access to interest, and fee-free access to over 55,000+ Allpoint ATMs.