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Aspiration Spend & Save Account

in Checking Accounts from Aspiration Partners Inc. · Member FDIC

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Aspiration Spend & Save Account

Claimed

in Checking Accounts from Aspiration Partners Inc. · Member FDIC

SuperMoney Net Recommendation Score -27%

SUPERMONEY NET RECOMMENDATION SCORE

-27%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Mostly not recommended

35 users recommend
9 users are unsure
64 users don't recommend
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Highlights
Community Rating Mostly not recommended
Monthly Fee $0 - $3.99
ATM Fee: Out-of-Network $0
Minimum Balance to Avoid Monthly Fee $0
APY (Annual Percentage Yield) 0.1% - 1%
Number of Reviews 108

Aspiration Spend & Save Account Review

Aspiration Spend & Save Account is offered by Aspiration Partners Inc., founded in 2013 and based in Marina Del Rey, CA. Aspiration Spend & Save Account is available in 50 states (and Washington, DC).

Key Takeaways
  • Higher than average APY. Aspiration Spend & Save Account has an annual percentage yield of up to 1%, which is higher than the average.
  • Charges a monthly fee. This account charges a monthly maintenance fee of up to $3.99.
  • Small minimum initial deposit. You only need $10 to open an account.
  • No ATM fees. Aspiration Spend & Save Account does not charge fees on ATM transactions.
  • ATM fee reimbursements. This account will reimburse you for the ATM fees charged by other financial institutions
  • Hard credit pull. Aspiration Partners Inc. may require a hard pull on your credit report to open a checking account.
Aspiration Spend & Save Account Pros & Cons
Pros Cons
  • Up to 10% cash back on debit card purchases
  • Available in all 50 states.
  • Interest-yielding account.
  • Access to physical branches.
  • Free debit card
  • No charge on incoming domestic wire transfers.
  • No signup bonus.
  • Online-only account with no access to physical branches.
  • Monthly service charge (if minimums are not met).
Aspiration Spend & Save Account FAQ

Are checking accounts from Aspiration Partners Inc. federally insured?

Yes, your Aspiration Partners Inc. checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Aspiration Spend & Save Account offer?

Aspiration Spend & Save Account offers an APY starting at 0.1% and ranging up to 1% (APY stands for annual percentage yield, rates may change).

Aspiration Spend & Save Account Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.1% - 1%

What are the account minimums for Aspiration Spend & Save Account?

Aspiration Spend & Save Account requires a minimum initial deposit of $10 to open an account.

Aspiration Spend & Save Account Account Minimums
Description Amount
Minimum Initial Deposit $10

What fees does Aspiration Spend & Save Account charge?

This account charges a monthly maintenance fee of up to $3.99.

Aspiration Spend & Save Account Fees
Description
Monthly Fee $0 - $3.99
Paper Statement Fee $0
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $0
NSF Fee $0
Overdraft Protection Fee (per transfer) $0
Overdraft Item Fee $0
Early Account Closure $0
Returned Deposit Fee (Domestic) $0
Debit Card Replacement Fee $0
Bank Teller Fee N/A
Check Cashing Fee N/A
Online Bill Pay Fee $0
Stop Payment Fee $0
Check Image Service N/A
Check Copy $0
Foreign Transaction Fee (Debit Card) 1%
Wire Transfer Fee - Domestic (Outgoing) $0.82
Wire Transfer Fee - International (Outgoing) $15
Wire Transfer Fee - International (Incoming) $2.50
Returned Deposit Fee (International) $0
Wire Transfer Fee - Domestic (Incoming) $0.82
ATM Reimbursement Monthly Limit N/A

What features and perks does Aspiration Spend & Save Account offer?

This account includes the following features:

  • ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks.
  • Fraud monitoring - Aspiration Spend & Save Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Mobile Banking Services - Aspiration Spend & Save Account allows you to manage your money online. This includes depositing checks in your account with your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.
Aspiration Spend & Save Account Disclosure: The Annual Percentage Yield (“APY”) associated with the Aspiration Spend & Save Account is available only to customers enrolled in Aspiration Plus. APY is variable and accurate as of 4/29/2020. Rates may be changed from time to time without notice. To earn 1.00% APY interest on Aspiration Save Account balances up to and including $10,000.00 in any calendar month, customer must be enrolled in Aspiration Plus and spend $1,000 or more, monthly, with their Aspiration debit card. Balances over $10,000.00 will earn 0.10% APY. If the requirements are not met each month, the APY will be 0.25% on Save Account balances up to and including $10,000.00. Balances over $10,000.00 will earn 0.10% APY. Minimum deposit required to open an Aspiration Save Account is $10.00. Enrollment fee and Pay What Is Fair fees debited directly from the Aspiration Save Account could reduce earnings. Customers not enrolled in Aspiration Plus will not earn interest.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

  • Headquarters
  •   4640 Admiralty Way, Suite 725
    Marina Del Rey, CA 90292
  •   Visit Site

About Aspiration Spend & Save Account

Message From Aspiration Partners Inc.

The Aspiration Spend & Save Account is a cash management account offering up to 1.00% APY interest (up to 25 times higher than Big Banks*), no ATM fees worldwide, and your own personal People/Planet impact score.

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

APY Minimum Balance $0
Minimum Combined Balance to Avoid Monthly Fee $0
Minimum Direct Deposit to Avoid Monthly Fee $0
Minimum Initial Deposit $10
Minimum Balance to Avoid Monthly Fee $0
ATM Fee: In-Network $0
Check Copy $0
Debit Card Replacement Fee $0
Early Account Closure $0
NSF Fee $0
Online Bill Pay Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Paper Statement Fee $0
Returned Deposit Fee (Domestic) $0
Returned Deposit Fee (International) $0
Stop Payment Fee $0
ATM Fee: Out-of-Network $0
Foreign Transaction Fee (Debit Card) 1%
Monthly Fee $0 - $3.99
Wire Transfer Fee - Domestic (Incoming) $0.82
Wire Transfer Fee - Domestic (Outgoing) $0.82
Wire Transfer Fee - International (Incoming) $2.50
Wire Transfer Fee - International (Outgoing) $15
Bank Account Features
  • No ATM Fees
  • IRAs
  • FDIC Member
  • Branch Access
  • Debit Card
  • Fraud Protection
  • Fraud Monitoring
  • Mobile Banking
  • Nationwide ATM Network
  • ATM Reimbursement
  • Mobile Check Deposit
  • Online-Only Account
APY (Annual Percentage Yield) 0.1% - 1%

Aspiration Spend & Save Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

-27%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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