Are you this business?
Find an Online Banks partner

See suggested offers from our Partners

Great Prepaid Debit Cards We Recommend

Learn more
Author picture
Written by Lorraine Roberte
Edited by Jon Bortin

About Aspiration

This profile has not been claimed by the company. See reviews below to learn more or submit your own review.

Aspiration is a financial tech company that offers an environmentally friendly solution to your banking. The company ensures that its money doesn’t fund oil and coal industries. Instead, funding goes toward initiatives like planting trees and neutralizing carbon footprints. Aspiration Spend and Save accounts have two tier options: Pay What Is Fair and Aspiration Plus. It also offers the Zero credit card.


  • Pay What Is Fair program
  • Tree-planting program
  • High-yield APY


  • No way to deposit cash
  • High cash back only with Aspiration Plus

Bottom Line

Aspiration is a financial services company. It offers a cash management account, credit card and investing with low fees and cash-back options. It centers on sustainability and neutralizing customers’ carbon footprints.

See suggested offers from our Partners

Great Prepaid Debit Cards We Recommend

Learn more

What is Aspiration?

Aspiration is a financial services company with a goal of improving the planet. The company is committed to “clean money” and pledges that purchases and savings won’t be used to fund oil or coal companies. On the contrary, money transferred from traditional banks to Aspiration has a planet-saving climate impact. This is because every time you use your debit or credit card, Aspiration plants a tree.

How does Aspiration work?

Aspiration makes signing up simple. You can do so through the company’s website or mobile app. There is no credit check required, although the company will verify your identity. You must have an account with a bank in the U.S. in order to transfer money to your Aspiration account. There is a minimum opening deposit of $10.

Aspiration products

Aspiration has a few banking products you can choose from, including:

As the name suggests, this is Aspiration’s cash management account. When you set up direct deposit, you can get access to funds up to two days early. You can use more than 55,000 free ATMs in the Allpoint network. Aspiration shows you the environmental impact of your spending and offers up to 10% cash back when you shop at socially responsible businesses.

Spend and Save allows you to earn higher interest on your savings than with traditional banks. Aspiration also promises that your deposits will never help fund oil or coal projects. It claims that every $1,000 you transfer to Aspiration has the impact of 6,000 fewer miles driven. There are two account options: Aspiration and Aspiration Plus. With Aspiration Plus, you also get out-of-network ATM reimbursement, Purchase Assurance (coverage for items damaged or stolen within 90 days) and automatic offsets of carbon dioxide for gas you purchase.

The Aspiration Zero credit card is a Mastercard issued by Beneficial State Bank. Zero has an annual fee of $60 and a credit score requirement of 680 minimum. Every time you use your Zero card, Aspiration plants one tree. You can also choose to round up your purchase to plant a tree.

Because of this initiative, using the Zero card once a day can help you become carbon-neutral. Every month you reach carbon zero, Aspiration rewards you with 1% cash back on all your purchases.

The Aspiration Redwood Fund is a mutual fund focused on sustainable investing. The company looks at several environmental, social and governance factors to find businesses that show sustainable thinking. You have the option of setting up automatic recurring investments. There is a minimum investment of $10, and there are no fees for withdrawing funds.

Aspiration fees

Aspiration promises to save you money in fees. The basic Aspiration Spend and Save account allows you to pay what you think is fair, ranging from $0 to $20 per month. Aspiration donates 10% of that amount to charity. Aspiration Plus costs $7.99 a month, or $5.99 a month if paid annually. For investments, the option is 0% to 2% annually, charged on a quarterly basis.

Aspiration FAQ

What bank does Aspiration use?
Aspiration uses a priority list of banks to hold your cash balance. Banks on Aspiration's list include:
  • Coastal Community Bank
  • Bremer Bank
  • Ion Bank
  • Progress Bank
  • Bank of New Hampshire
  • EagleBank
  • Manufacturers Bank
  • C3Bank
  • The Freedom Bank of Virginia
  • Bridgewater Bank
Is Aspiration FDIC-insured?
Aspiration accounts are FDIC-insured through the banks it works with. Deposits are insured up to $246,500 per bank.
Does Aspiration offer joint accounts?
Aspiration does offer joint accounts. Once you open your Spend and Save account and are approved, you can add your joint user to convert your individual account to a joint account.
When was Aspiration bank founded?
Aspiration was founded in 2013.

Is Aspiration legit?

Aspiration is a legitimate financial company. It has admirable sustainability goals and several appealing features. While it’s not a great option if you’re looking to deposit cash, making transfers and mobile check deposits is simple. The company helps you save on fees while providing several cash-back options and carbon-neutralizing initiatives.

  • Recent
  • Oldest
  • Most helpful
  • Any
  • Rated with 5 stars
  • Rated with 4 stars
  • Rated with 3 stars
  • Rated with 2 stars
  • Rated with 1 star

A link has directed you to this review. Its location on this page may change next time you visit.

How do I know I can trust these reviews about Aspiration?
How do I know I can trust these reviews about Aspiration?
  • 3,933,332 reviews on ConsumerAffairs are verified.
  • We require contact information to ensure our reviewers are real.
  • We use intelligent software that helps us maintain the integrity of reviews.
  • Our moderators read all reviews to verify quality and helpfulness.

For more information about reviews on please visit our FAQ.

Page 1 Reviews 0 - 10
Rated with 1 star
Verified Reviewer
Original review: May 9, 2022

Crooked Banking Institution! Stay Away! They will steal the bonus you are entitled to signing up and will charge you a yearly fee in advance! They kept transferring you between several phone lines to confuse you but in the end they denied it!

Be the first one to find this review helpful
Rated with 1 star
Verified Reviewer
Original review: Aug. 26, 2021

Aspiration kicks our country when it's down while the SBA and many others try to help, Aspiration wipes its hands freezing, closing accounts and holding funds during a pandemic. They Match hard working People's, they will make it just as hard whenever they feel like it. They will block your account, hold your funds, funds I have to pay interest daily for, and then they send you and email saying they can't discuss it with you, especially under a pandemic. This money leeches are definitely not for the people or our country, STAY AWAY.

Be the first one to find this review helpful

Not sure how to choose?

Get buying tips about Online Banks delivered to your inbox.

    By entering your email, you agree to sign up for consumer news, tips and giveaways from ConsumerAffairs. Unsubscribe at any time.

    Thank you, you have successfully subscribed to our newsletter! Enjoy reading our tips and recommendations.

    Rated with 4 stars
    Verified Reviewer
    Original review: June 14, 2021

    It's a new online banking platform that offers new twists and amenities to track your spending and expenses while offering ways to improve the planet planting more trees to replace the many lost. The bank itself is continuing to grow & promises to add future resources that may be missing today.

    Be the first one to find this review helpful
    Loading more reviews...

    Aspiration Company Information

    Company Name: