{"id":2926,"date":"2022-01-10T20:50:42","date_gmt":"2022-01-10T20:50:42","guid":{"rendered":"https:\/\/moneymakersandsavers.com\/?p=2926"},"modified":"2022-01-10T20:52:23","modified_gmt":"2022-01-10T20:52:23","slug":"aspiration-online-bank","status":"publish","type":"post","link":"https:\/\/moneymakersandsavers.com\/aspiration-online-bank\/","title":{"rendered":"Aspiration &#8211; The Environmentally Sustainable Bank!"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_55 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-66188fa73acd3\"><span class=\"\"><span style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #4ff74c;color:#4ff74c\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #4ff74c;color:#4ff74c\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-66188fa73acd3\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/moneymakersandsavers.com\/aspiration-online-bank\/#What_is_Aspiration\" title=\"What is Aspiration?\">What is Aspiration?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/moneymakersandsavers.com\/aspiration-online-bank\/#Aspiration_Checking_and_Savings\" title=\"Aspiration Checking and Savings\">Aspiration Checking and Savings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/moneymakersandsavers.com\/aspiration-online-bank\/#Aspiration_Investment_Accounts\" title=\"Aspiration Investment Accounts\">Aspiration Investment Accounts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/moneymakersandsavers.com\/aspiration-online-bank\/#Aspiration_Credit_Card\" title=\"Aspiration Credit Card\">Aspiration Credit Card<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/moneymakersandsavers.com\/aspiration-online-bank\/#What_are_the_fees_that_Aspiration_charges\" title=\"What are the fees that Aspiration charges?\">What are the fees that Aspiration charges?<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_Aspiration\"><\/span>What is Aspiration?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"http:\/\/aspiration.com\" target=\"_blank\">Aspiration<\/a> is an online bank that that provides many of the usual products provided by banks like <a href=\"https:\/\/moneymakersandsavers.com\/what-is-a-checking-account\/\">checking accounts<\/a>, <a href=\"https:\/\/moneymakersandsavers.com\/what-is-a-savings-account\/\">savings accounts,<\/a> <a href=\"https:\/\/moneymakersandsavers.com\/category\/investment\/\">investment,<\/a> and credit cards. They are also a bank that focuses very, very, heavily on saving the planet with the way they do business. Whenever you spend money with <a rel=\"noreferrer noopener\" href=\"http:\/\/aspiration.com\/\" target=\"_blank\">Aspiration<\/a> you contribute to the number of trees grown by them per year which helps to offset the carbon footprint of the number of miles driven by cars per year. <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>They also donate to charitable causes that go towards helping things like poverty, areas lacking water, education, saving the environment, providing healthcare to people who don&#8217;t have access to any, human rights, and an opportunity fund that provides for microloans of $5,000 and less as well as mentorship and support to struggling Americans looking to start a new small business that will provide for a better life for themselves and their families.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"506\" src=\"https:\/\/moneymakersandsavers.com\/wp-content\/uploads\/2021\/08\/aspiration-bank-1024x506.png\" alt=\"aspiration\" class=\"wp-image-2929\" srcset=\"https:\/\/moneymakersandsavers.com\/wp-content\/uploads\/2021\/08\/aspiration-bank-1024x506.png 1024w, https:\/\/moneymakersandsavers.com\/wp-content\/uploads\/2021\/08\/aspiration-bank-300x148.png 300w, https:\/\/moneymakersandsavers.com\/wp-content\/uploads\/2021\/08\/aspiration-bank-768x380.png 768w, https:\/\/moneymakersandsavers.com\/wp-content\/uploads\/2021\/08\/aspiration-bank-1536x760.png 1536w, https:\/\/moneymakersandsavers.com\/wp-content\/uploads\/2021\/08\/aspiration-bank-1200x593.png 1200w, https:\/\/moneymakersandsavers.com\/wp-content\/uploads\/2021\/08\/aspiration-bank.png 1557w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Aspiration_Checking_and_Savings\"><\/span>Aspiration Checking and Savings<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>Aspiration provides both checking and savings accounts. There are actually two tiers of plans to open a checking account with Aspiration. They have their regular Aspiration Spending Account and their Aspiration Plus Spending Account.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Some benefits of the  regular Spending Account:<\/p>\n\n\n\n<p><\/p>\n\n\n\n<ul><li>Allows you to pay whatever you think is fair (even if that&#8217;s $0)<\/li><li>Access to $55,000 fee free in-network ATMs<\/li><li>3-5% cashback on &#8220;<a href=\"https:\/\/www.aspiration.com\/conscience-coalition\" target=\"_blank\" rel=\"noopener\">Consience Coalition<\/a>&#8221; purchases<\/li><li>A &#8220;personal impact&#8221; score so that you can see how much your shopping helps the environment<\/li><li>Round-up features to help you save your spare change on every purchase and have Aspiration plant a tree every time you do<\/li><li>Similar to <a href=\"https:\/\/moneymakersandsavers.com\/chime-the-bank-that-pays-you-2-days-ahead-of-payday\/\">Chime<\/a> or <a href=\"https:\/\/moneymakersandsavers.com\/banking-investment-account-sofi\/\">Sofi<\/a>, Aspiration provides you the ability to get paid up to 2 days in advance of your regualar payday<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>Some benefits of the Plus Spending Account:<\/p>\n\n\n\n<p><\/p>\n\n\n\n<ul><li>Deposits won&#8217;t fund fossil fuel exploration or production<\/li><li>55,000 free in-network ATMs<\/li><li><strong>10% cash back<\/strong>&nbsp;on &#8220;<a href=\"https:\/\/www.aspiration.com\/conscience-coalition\" target=\"_blank\" rel=\"noopener\">Conscience Coalition<\/a>&#8221; purchases<\/li><li>Personal impact score to help you shop to match your values<\/li><li>Round-up features to help you save your spare change on every purchase and have Aspiration plant a tree every time you do<\/li><li>Up to 1.00% APY on your savings<\/li><li>One out-of-network ATM reimbursement monthly<\/li><li>Carbon offsets for all your gas purchases with Planet Protection (Aspiration\u2019s Planet Protectio feature tallies up the carbon output of all of your gas purchases, then automatically buys offsets to help counter the climate impact)<\/li><li>Similar to <a href=\"https:\/\/moneymakersandsavers.com\/chime-the-bank-that-pays-you-2-days-ahead-of-payday\/\">Chime<\/a> or <a href=\"https:\/\/moneymakersandsavers.com\/banking-investment-account-sofi\/\">Sofi<\/a>, Aspiration provides you the ability to get paid up to 2 days in advance of your regualar payday<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"589\" src=\"https:\/\/moneymakersandsavers.com\/wp-content\/uploads\/2021\/08\/aspiration-checking-accounts-1024x589.png\" alt=\"aspiration-2\" class=\"wp-image-2928\" srcset=\"https:\/\/moneymakersandsavers.com\/wp-content\/uploads\/2021\/08\/aspiration-checking-accounts-1024x589.png 1024w, https:\/\/moneymakersandsavers.com\/wp-content\/uploads\/2021\/08\/aspiration-checking-accounts-300x173.png 300w, https:\/\/moneymakersandsavers.com\/wp-content\/uploads\/2021\/08\/aspiration-checking-accounts-768x442.png 768w, https:\/\/moneymakersandsavers.com\/wp-content\/uploads\/2021\/08\/aspiration-checking-accounts.png 1125w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Aspiration_Investment_Accounts\"><\/span>Aspiration Investment Accounts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>Aspiration also provides two different investment accounts to its customers. One is a <a href=\"https:\/\/moneymakersandsavers.com\/taxable-investment-accounts\/\">taxable investment<\/a> account called the &#8220;Redwood Fund&#8221;.and the other is a <a href=\"https:\/\/moneymakersandsavers.com\/investment-accounts-iras-and-roth-iras\/\">traditional IRA<\/a> called the &#8220;Redwood IRA&#8221;.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Some of the benefits of opening and investing in a &#8220;<a href=\"https:\/\/funds.aspiration.com\/redwood\/\" target=\"_blank\" rel=\"noreferrer noopener\">Redwood Fund<\/a>&#8221; account are:<\/p>\n\n\n\n<p><\/p>\n\n\n\n<ul><li>Only requires a $10 minimum deposit<\/li><li>Open to all new investors<\/li><li>It only invest in fossil fuel free companies with sustainable environmental and employee practices <\/li><li>No front load fees<\/li><li>No back load fees<\/li><li>No trading fees<\/li><li>No performance fees<\/li><li>No redemption fees<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>Some of the benefits of opening and investing in a &#8220;<a href=\"https:\/\/funds.aspiration.com\/redwood\/\" target=\"_blank\" rel=\"noreferrer noopener\">Redwood IR<\/a>A&#8221; are:<\/p>\n\n\n\n<p><\/p>\n\n\n\n<ul><li>$10.00 minimum opening deposit<\/li><li>Tax deferred growth<\/li><li>Access to a<a href=\"https:\/\/moneymakersandsavers.com\/investment-accounts-iras-and-roth-iras\/\"> traditional IRA<\/a><\/li><li>No front load fees<\/li><li>No back load fees<\/li><li>No per transaction fees<\/li><li>No performance fees<\/li><li>No redemption fees<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"625\" src=\"https:\/\/moneymakersandsavers.com\/wp-content\/uploads\/2021\/08\/aspiration-redwood-fund-1024x625.png\" alt=\"aspiration-3\" class=\"wp-image-2931\" srcset=\"https:\/\/moneymakersandsavers.com\/wp-content\/uploads\/2021\/08\/aspiration-redwood-fund-1024x625.png 1024w, https:\/\/moneymakersandsavers.com\/wp-content\/uploads\/2021\/08\/aspiration-redwood-fund-300x183.png 300w, https:\/\/moneymakersandsavers.com\/wp-content\/uploads\/2021\/08\/aspiration-redwood-fund-768x469.png 768w, https:\/\/moneymakersandsavers.com\/wp-content\/uploads\/2021\/08\/aspiration-redwood-fund-1200x733.png 1200w, https:\/\/moneymakersandsavers.com\/wp-content\/uploads\/2021\/08\/aspiration-redwood-fund.png 1259w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Aspiration_Credit_Card\"><\/span>Aspiration Credit Card<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>Aspiration also has plans to release its own credit card. Similar to the debit card they offer you will be able to help save the planet with every swipe of your card since they will plant a tree every time that you do so. The card hasn&#8217;t been released just yet, but you can sign up to be on the waiting list <a href=\"https:\/\/www.aspiration.com\/zero\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Some of the perks they plan to offer with their credit card are:<\/p>\n\n\n\n<p><\/p>\n\n\n\n<ul><li>They plant a tree every time you make a purchase \u2014 and let you plant one too.<\/li><li>Track your progress each month in the app to eradicate your footprint.<\/li><li>Every month you get to carbon zero, they\u2019ll reward you with cash back up to 1% on all of your purchases.<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_fees_that_Aspiration_charges\"><\/span>What are the fees that Aspiration charges?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>Although Aspiration is mostly free to use they do charge a few fees. They do charge you for &#8220;extra services&#8221; like wire transfers. However, when it comes to these fees Aspiration commits to providing them &#8220;At Cost&#8221; meaning they will only charge as much as it costs for them to provide the service to you. There are also a few fees when investing with them. <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>They don\u2019t get a penny of these (although some may be passed through them to make these payments easier) and they negotiate them down and subsidize them, so they\u2019re less of a burden. Aside from the Plus account fees, their checking accounts do not charge any fees whatsoever. When they say they offer their regular account for entirely FREE they mean it. <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Disclaimer: I am not any sort of investment or financial professional giving any sort of legal advice. I\u2019m just some guy trying to teach other people about how they might navigate the financial world.<\/strong><\/p>\n\n\n\n<p><\/p>\n\n\n<form role=\"search\" method=\"get\" action=\"https:\/\/moneymakersandsavers.com\/\" class=\"wp-block-search__button-outside wp-block-search__text-button wp-block-search\"    ><label class=\"wp-block-search__label\" for=\"wp-block-search__input-1\" >Search<\/label><div class=\"wp-block-search__inside-wrapper \" ><input class=\"wp-block-search__input\" id=\"wp-block-search__input-1\" placeholder=\"\" value=\"\" type=\"search\" name=\"s\" required \/><button aria-label=\"Search\" class=\"wp-block-search__button wp-element-button\" type=\"submit\" >Search<\/button><\/div><\/form>\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is Aspiration? Aspiration is an online bank that that provides many of the usual products provided by banks like checking accounts, savings accounts, investment, and credit cards. They are also a bank that focuses very, very, heavily on saving the planet with the way they do business. Whenever you spend money with Aspiration you&#8230;<\/p>\n","protected":false},"author":159998696,"featured_media":2932,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kadence_starter_templates_imported_post":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[1361,1536],"tags":[1546,1538,1435,1503],"_links":{"self":[{"href":"https:\/\/moneymakersandsavers.com\/wp-json\/wp\/v2\/posts\/2926"}],"collection":[{"href":"https:\/\/moneymakersandsavers.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneymakersandsavers.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneymakersandsavers.com\/wp-json\/wp\/v2\/users\/159998696"}],"replies":[{"embeddable":true,"href":"https:\/\/moneymakersandsavers.com\/wp-json\/wp\/v2\/comments?post=2926"}],"version-history":[{"count":0,"href":"https:\/\/moneymakersandsavers.com\/wp-json\/wp\/v2\/posts\/2926\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneymakersandsavers.com\/wp-json\/wp\/v2\/media\/2932"}],"wp:attachment":[{"href":"https:\/\/moneymakersandsavers.com\/wp-json\/wp\/v2\/media?parent=2926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneymakersandsavers.com\/wp-json\/wp\/v2\/categories?post=2926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneymakersandsavers.com\/wp-json\/wp\/v2\/tags?post=2926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}