Current Bank vs. Aspiration: Which Is Better For Your Wallet (and the Planet)?

Pros, And, Cons, Compare, Choice, Decision, Select

There are many options to choose from when it comes to banking and credit cards. You can go with a traditional bank or try out a newer alternative that focuses on eco-friendly banking. 

So, which is the best option for you? 

In this guide, we’ll compare Current Bank and Aspiration to help you decide which is the better choice. We’ll take a look at important factors to consider when choosing a financial institution, the pros and cons of both our options and then conclude which one is the best for you – and the planet. 

Why is it so important to choose a great bank?

When it comes to your money, it’s essential to pick a good bank. 

A good bank will typically be able to provide low interest rates on loans and credit cards and high interest rates on deposits. They will also usually offer a wide variety of products, such as checking accounts, savings accounts, and certificates of deposit (CDs). In addition, a good bank should have a strong reputation and be FDIC-insured.

Aspiration vs. Current Bank: The race is on

So, let’s look at how Aspiration and Current Bank compare.

Aspiration is a neobank that provides a welcome alternative to traditional banking by placing its emphasis on sustainability. They’ve pledged to plant a tree whenever you use their Aspiration Zero carbon-neutral credit card to make a purchase. Aspiration teamed up with Eden Reforestation Projects for this project. 

If you’re interested in earning cashback on purchases from ethical businesses, Aspiration gives you a choice of options. It’s also worth noting that Aspiration has a solid reputation and is FDIC insured.

Meanwhile, Current Bank is a new mobile bank startup challenging the dominance of the traditional banking sector. It launched its first accounts in 2017

Current Bank is an entirely safe choice for those seeking an online bank since it is FDIC-insured. The firm uses proven Internet security methods and technologies to safeguard your money and personal information.

Choosing a Bank: Important features to look for

If you are interested in switching to a new bank or a financial institution, it’s essential to consider what’s most important. 

For some people, that might be eco-friendly options, and for others, it might be low fees. Here are some of the essential features to look for when choosing a bank:


Being eco-friendly in today’s world is more important than ever. 

With the majority of traditional banks contributing to the rise of greenhouse gases through their investment in the fossil fuel industries, eco-friendly options such as Aspiration provide a way to bank that isn’t at the expense of our planet. 

No ATM fees

Having no fees for more than 55,000 Allpoint ATMs is an excellent eco-friendly perk that Aspiration offers. Above that, Aspiration will donate 10% of your monthly Spend & Save account fees to deserving charities. This is a great way to help out the environment while also helping charities around the world.

Low Fees

One of the main reasons people switch banks is because they’re looking for lower fees. Aspiration has some of the lowest fees out there, making them an excellent choice for those who are looking to save money.

Monthly charges are not required unless you choose the Plus account. Aside from that, you will not pay fees for overdrafts, and the extra fees are lesser than those charged by its competing companies. 

Identity protection and anti-fraud measures

If someone accesses your bank account without your permission, you could end up in a lot of financial trouble. As per the Federal Trade Commission (FTC), victims of identity fraud may:

  • Accumulated debt in their names of millions or thousands of dollars
  • Obtain a blemished credit record
  • Be turned down for mortgages, loans, and jobs
  • Have trouble opening a bank account
  • It could take several months or even several years to correct financial mistakes and issues

So, make sure to select a bank that has robust security features both in its physical locations and online. This way, you can ensure that your information is safe and secure.

Strong brand reputation

When you’re looking for a new bank, it’s essential to consider the bank’s reputation. A strong brand reputation means that the bank will likely be around for a long time and offer excellent customer service.

Here’s how to know whether a bank has a strong reputation or none:

  • FDIC insured
  • You can easily find information about rates, products, and services on their website
  • Committed to providing excellent customer service
  • Not involved in any bank hacking issues

These are just some of the things to keep in mind when you’re looking for a new bank. Now, let’s take a look at how Aspiration and Current Bank stack up.

Aspiration Zero: Pros and cons


Aspiration Zero, founded by a green neobank called Aspiration, is a carbon-neutral credit card available in the US. Every time you purchase with this card, Aspiration will plant a tree on your behalf. 

Since we are losing 15 billion trees every year due to deforestation, using Aspiration Zero can help offset your carbon footprint and help contribute to the global effort of reforestation.

In addition to their eco-friendly initiatives, Aspiration Zero offers several features that make it an attractive choice for consumers:


  • Support an environmentally conscious bank that does not lend money to companies that use fossil fuels.
  • Reduce your carbon footprint.
  • Receive up to 1% in cash rewards.
  • A bonus of $300 after spending $3000 on their Aspiration Zero credit card in 90 days. 
  • The card is composed of environmentally safe materials.


Who is Aspiration Zero intended for?

Aspiration Zero is an excellent choice for eco-conscious consumers looking for a credit card supporting eco-friendly initiatives. In addition, the cashback rewards and introductory bonuses make it an attractive option for those who are looking to get the most out of their credit card. 

However, it is essential to note that this card requires a strong credit score, so those with a less-than-stellar credit history may not be approved.

Current Bank: Pros and cons

In the U.S, the mobile banking app Current offers a current account service to streamline the banking process and give clients greater control over their finances. Here are the features of Current Bank:

  • Current Bank account holders can access their funds at any time through the app, which is available on both Android and iOS devices.
  • There are no monthly fees or minimum balance requirements, and clients can use 55,000 ATMs at no charge.
  • The app allows users to send and receive money instantly with other Current Bank account holders.
  • You can have free online signup with a 30-day trial.


  • Cash advance of $100 with no fees
  • No minimum amount is required to transfer or receive money instantly
  • 55,000 free ATMs
  • Automated savings


  • There is a $10,000 limit on how much money you can put on your debit card at once
  • ATM and transaction costs overseas
  • Only $100 can be withdrawn at a time
  • No environmental incentives

Who is the Current Bank intended for?

Current Bank is intended for those who want to have a banking experience different from the traditional options. It offers an app-based interface that makes it easy to manage your money on the go, and there are no fees for using their ATMs. Plus, you can earn rewards for using your debit card.

Which bank is the best for you?

The answer to this question is not as simple as it may appear. The best banking option for you will depend on your unique circumstances. You’ll likely want to consider your needs, values, and goals when making a decision.

If you are looking for an alternative to the traditional banking experience, Current Bank may be a good option for you. Their app-based interface makes it easy to manage your money on the go, and there are no fees for using their ATMs. However, it’s worth bearing in mind that Current simply hasn’t made the same commitment to sustainability as Aspiration. 

If you’re looking for a carbon-neutral way to reduce your environmental impact and earn cashback rewards, Aspiration Zero is the perfect card for you. With every purchase you make, Aspiration will plant a tree on your behalf, offsetting your carbon footprint and helping to reforest our planet. 

We believe in making a difference

Here at Aspiration, we’re committed to providing financial products that give you – and the planet – the value you deserve. 

To find out more about sustainable finances or to apply for our carbon-neutral Aspiration Zero credit card, visit us today!


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