Aspiration Bank is a bank that offers its customers a unique opportunity to save money while also supporting climate action and impact projects.
Aspiration offers socially-conscious and sustainable ways to spend and save so you can make money while making the world a better place, deposits are not used to fund oil pipelines or explorations.
Aspiration also created the US’ first carbon-footprint neutralizing credit card.
Did you know that your bank deposits and fees could be fueling the climate crisis?
Large traditional banks put hundreds of billions of dollars a year into extreme oil drilling and pipeline projects that hurt the planet.
Aspiration Bank Commitment
Aspiration is 100% committed to Clean Money.
The four biggest banks in America lend more than $210 billion of their customers’ money to fossil fuel projects, every year.
That’s a lot of Dirty Money. Every $1,000 you transfer to Aspiration from Big Banks has the annual planet-saving climate impact of up to 6,000 fewer miles driven by the average car!
Aspiration Bank Review & Features
Aspiration Bank offers many features that make it one of the most innovative and climate conscious banking platform in the world.
- Get paid up to 2 days early when you send your direct deposit to your Aspiration account
- Monitor the impact of your spending on the Planet and People and get up to 10% cash back with your Aspiration Plus debit card purchases at socially responsible businesses
- Access to more free ATMs than Bank of America, Wells Fargo, and Chase combined
- Opt to plant a climate change-fighting tree with every purchase you make
Their rewards are pretty impressive as well.
Every time you use your Aspiration debit card at a Conscience Coalition business, you’ll get up to 5% cash back or enroll in Aspiration Plus to earn 10% cash back.
Cash back is credited to your account monthly.
Upgrade to Aspiration Plus
For $5.99/month (billed annually), you can enjoy all the benefits of Aspiration Spend & Save plus:
Peace of mind when you drive your car. They’ll automatically offset the carbon dioxide from every gallon of gas you purchase as part of the Planet Protection program
Up to 5.00% APY on your savings
10% cash back on all Conscience Coalition purchases
Debit card made from recycled ocean plastic!
Get Rewards for Spending Sustainably.
Every time you use your Aspiration debit card at a Conscience Coalition business you’ll get up to 10% cash back.
Every time you make a purchase, you make a statement – about who you are and what you stand for. Aspiration has selected and teamed up with companies that put “doing the right thing” at the heart of their businesses.
Sign up for a Spend & Save Account and every time you use your Aspiration debit card at a Conscience Coalition business, you’ll get up to 5% cash back or enroll in Aspiration Plus to earn 10% cash back.
Cash back is credited to your account monthly.
The Zero Credit Card
Every time you swipe, they plant trees to reduce your carbon footprint — and give you extra cash back rewards once you get down to zero. All for just $60 per year.
Fight climate change with every swipe
They plant a tree every time you make a purchase—and let you round up to plant one too.
Using this card just once a day can plant enough trees that, once grown, will counteract your daily negative carbon footprint (unless you’re a real gas-guzzler)¹.
You can always track your progress in the app.
Every month you get to carbon zero, they’ll reward you with up to 1% cash back on all of your purchases.
Automate Your Impact
With your Aspiration debit and credit cards, you’ll be able to plant a planet-saving tree with every purchase you make simply by rounding up to the nearest dollar.
The Aspiration community plants more trees than there are in New York’s Central Park every day.
The company works with leading reforestation partners around the world so that tree initiatives restore and protect biodiversity, enhance native ecosystems, and support local communities.
The planting locations include Kenya, Mozambique, Madagascar, Honduras, Brazil, and here in the U.S.—with more locations and projects on the way.
Cars are one of the biggest contributors to climate change.
Aspiration will automatically calculate the carbon output and offset the climate changing carbon dioxide from every gallon of gas you purchase using your Aspiration Plus debit card.
So no matter what kind of car you drive, you’ll have more peace of mind.
36,548 metric tonnes of CO2 have been offset as part of Aspiration’s Planet Protection program
Aspiration Bank Fees
Here’s how Aspiration’s fee works:
You choose the fee!
That’s it. no catch.
Aspiration works hard to bring you the financial products and services you deserve: high-interest cash management services, sustainable investments, no-fee IRAs and other products once only available to the wealthiest Americans.
And then you pay them what you think is fair. You set your own fee – even if it’s zero. Change it whenever and however often you want.
For any extra services such as a wire transfer, Aspiration commits to “All Extra Services Provided at Cost,” meaning that they’ll only charge you what it costs them to provide the extra service, and not a penny more.
For the investment products, some set fees and expenses that go to third parties that are unavoidable.
They don’t get a penny of these (although some may be passed through Aspiration to make these payments easier) – and they negotiate them down and subsidize them, so they’re less of a burden.
At Aspiration, you pay them what you decide they deserve!
Pretty novel concept.
In conclusion, if you’re looking for an ethical and sustainable bank that prioritizes people over profits, Aspiration Bank is a great option.
With no hidden fees, modern app, and automative impact features, Aspiration offers a unique online banking experience with plenty of opportunities to invest in your community.
Check out their website to learn more about how you can switch to Aspiration Bank today!
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