†The Aspiration Spend & Save accounts are checking and savings accounts offered through Coastal Community Bank, Member FDIC. Approved deposit accounts are FDIC insured up to $250,000 per depositor. For balances greater than $250,000, Coastal will Sweep the excess funds to one or more FDIC-insured depository institutions in their Sweep network (each a "Bank") up to $250,000 per Bank. With five Banks available through the Coastal Community Bank Insured Bank Deposit Program, Deposits are FDIC-insured up to $1.25 million per depositor. This amount is subject to change at any time. Visit fdic.gov. Aspiration's Program Banks have formally committed that customer deposits will not be used for lending to oil and gas exploration, production or transportation, or coal mining.
Aspiration Debit Cards are issued by Coastal Community Bank, Member FDIC, pursuant to a license by Mastercard® International Incorporated. Aspiration is under separate ownership from any other named entity. Aspiration is not a bank.
An affiliate, Aspiration Fund Adviser, LLC is an SEC registered investment adviser.
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** The difference between the average carbon intensity of cash deposited in large, traditional US banks and than of greener banks is based on the 2023 Project Drawdown report "Saving [For] the Planet: The Climate Power of Personal Banking.". That carbon intensity savings of 0.183 tC02e per $1,000 deposited was applied to the average U.S. family's checking and savings account balance of $62,410 per the U.S. Federal Reserve's "Survey of Consumer Finances, 1989 - 2022" (2023). The C02e savings per household was then multiplied by the number of households in the U.S. according to the U.S. Census Bureau (2022). That total C02e savings across all households was then converted to miles driven equivalent using the U.S. EPA's Greenhouse gas Equivalencies Calculator (2024). Finally, that result was compared with the total annual U.S. gasoline consumption estimated by the U.S. Energy Information Administration (2023).
1 Aspiration’s early direct deposit of funds service is not guaranteed, is subject to payor’s support and the timing of payor’s payment instruction, and is based on a comparison of our policy of making funds available upon our receipt of payment instruction with the typical banking practice of posting funds at settlement. Aspiration generally makes these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.
2 The Aspiration Save Account’s Annual Percentage Yield (“APY”) is variable and accurate as of 05/24/2024. Rates are subject to change. To earn 1.00% APY (3.00% APY if customer is enrolled in Aspiration Plus) interest on Aspiration Save Account balances up to and including $10,000.00 in any calendar month, customer must have settled debit card transactions of $500.00 or more, monthly, on their Aspiration debit card. Debit card transactions for money transfer vendors (for example, but not limited to, CashApp, Venmo, Facebook Pay) do not qualify towards the $500.00 spend requirement. Balances over $10,000.00 will earn 0.00% APY (0.25% APY if customer is enrolled in Aspiration Plus). If the requirements are not met each month, the APY will be 0.00% APY (0.25% APY if customer is enrolled in Aspiration Plus) on Save Account regardless of balance.
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3 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.
4 When you choose to add to your Aspiration Debit Card to the Plant Your Change Service, we round up the amount of Aspiration Debit Card transactions made using your Aspiration Debit Card feature in your Aspiration Spend Account to the next whole dollar amount (from $0.01 to $0.99), and transfer the amount in excess of the purchase price to an Aspiration Plant Your Change Service Account. Even dollar transactions ($xx.00) are not considered qualifying transactions and are not eligible to be rounded up for this Service. The Plant Your Change Service Fee from Debit Card transactions will be deducted from your account once each business day and include all qualified transactions incurred since the last fee withdrawal. Funded trees can take up to 18 months to plant, allowing for time to set up nurseries, select/expand planting sites, take advantage of optimal planting seasons and accommodate for local/regional/country social, political and health considerations. Planting trees and restoring forests are among the best ways to draw down carbon from the atmosphere, because they can help mitigate the impacts of climate change and contribute to healthy ecosystems that support wildlife and people. Trees planted by our reforestation partners are not intended to be used as carbon offsets and are not verified as such by a third party. Planted trees are part of a reforestation program where approximately 20-30% more trees are planted to account for natural survival rates and unforeseen circumstances (i.e., wildfires, natural disasters, disease) so enough trees survive to reforest an area. However, there is no guarantee all trees planted will be permanent.
5 Planet Protection offsets the estimated CO2 emissions from driving your vehicle based on purchases at gas stations. Verified carbon offsets are purchased quarterly, in aggregate, to account for estimated emissions from all Planet Protection subscribers. This feature is bundled into the Aspiration Plus program and is not offered as a standalone feature that can be purchased separately.
6 The Aspiration Spend & Save Account provides customers with the ability to see Aspiration Impact Measurement (AIM) People and Planet scores on a range of merchants where they shop using the Aspiration Debit Card. These scores are determined using independent third-party data last updated in August 2022, which ranks each merchant based on environmental, social, and (corporate) governance measurements, that are then aggregated by Aspiration and help to derive a People and Planet Score. For more info, please click here.
7 Aspiration Partners, Inc. and its affiliates are committed to "All Extra Services Provided at Cost," meaning that we'll only charge you what it costs us to provide the extra service (such as a wire transfer), and not a penny more. Besides these at-cost service charges, customers may make an optional contribution via the Pay What Is Fair(PWIF) program. Proceeds from the PWIF program are recorded monthly in aggregate and donations are made to nonprofit partners selected by Aspiration within 12 months. For a list of service charges, click here.
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