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  Aspiration Spend & Save Account
Aspiration Spend & Save Account
in Checking Accounts from Aspiration Partners Inc. · Member FDIC
Claimed

Aspiration Spend & Save Account

Claimed
in Checking Accounts from Aspiration Partners Inc. · Member FDIC
SuperMoney Net Recommendation Score -30  

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -30, equating to 2.4 on a 5 point rating scale.

-30

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

40 users recommend
11 users are unsure
79 users don't recommend
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3 reviews
Highlights
Community Rating Mostly not recommended
Cashback Rewards N/A
APY (Annual Percentage Yield) Up to 5%
(Verified 10/05/2022)
Monthly Fee $0 - $7.99
Minimum Balance to Avoid Monthly Fee Starting at $0
Number of Reviews 130

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

  • $0 Bonus offer. Open a new account and you can get
  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 5%, which is much higher than the average for a checking account.
  • Charges a monthly fee. This account charges a monthly service fee of up to $7.99.
  • 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 rebates. This account will reimburse you for ATM fees (see terms and conditions for details).

Aspiration Spend and Save Pros & Cons

Pros Cons
  • Up to 10% cash back on debit card purchases
  • Available in all 50 states.
  • High variable APY.
  • Access to physical branches.
  • Free debit card
  • No charge on incoming domestic wire transfers.
  • Online-only account with no access to physical branches.
  • Monthly service charge (if minimums are not met).

Aspiration Spend and Save FAQ

Are checking accounts from Aspiration Partners Inc. federally insured?

Yes, Aspiration Spend and Save Accounts are federally insured through the Aspiration Insured Bank Deposit Program. Cash balances in the Aspiration Spend and Save Accounts are deposited at one or more FDIC-insured depository institutions (each a “Bank”) up to $250,000 per Bank. With eight Banks available, Deposits are FDIC-insured up to $2 million per depositor.

What APY does Aspiration Spend and Save offer?

Aspiration Spend and Save is not an interest bearing account.

What are the account minimums for Aspiration Spend and Save?

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

Aspiration Spend & Save Account Minimums
Description
Minimum Opening Deposit Starting at $10
Minimum Balance to Avoid Monthly Fee Starting at $0
Minimum Combined Balance to Avoid Monthly Fee $0
Minimum Direct Deposit to Avoid Monthly Fee Starting at $0
Minimum Balance to Earn APY $0

What fees does Aspiration Spend and Save charge?

This account charges a monthly service fee of up to $7.99.

Aspiration Spend & Save Account Fees
Description
Monthly Fee $0 - $7.99
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $0
Foreign Transaction Fee (Debit Card) 1%
NSF Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Returned Deposit Fee (Domestic) $0
Returned Deposit Fee (International) $0
Stop Payment Fee $0
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
Paper Statement Fee $0
Online Bill Pay Fee $0
Check Copy $0
Debit Card Replacement Fee $0
Early Account Closure $0

Does Aspiration Spend and Save charge overdraft fees?

No, Aspiration Spend and Save does not charge overdraft fees.

What features and perks does Aspiration Spend and Save offer?

This account includes the following features:

  • ATM rebates - This account will reimburse you for any domestic ATM fees.
  • Fraud monitoring - Aspiration Spend and Save monitors transactions for potentially unauthorized 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 and Save allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

What is the customer support email for Aspiration Spend and Save?

The customer support email for Aspiration Spend and Save is support@aspiration.com.

How do people rate the customer service and user experience of Aspiration Spend and Save?

Overall, Aspiration Spend and Save is mostly not recommended based on community reviews that rate customer service and user experience.

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.

Message From Aspiration Partners Inc.

The Aspiration Spend and Save account is a cash management account that offers a $150 welcome bonus, 3-5% cash back at socially conscious merchants, and the option to plant a tree with every purchase, enabling you to spend and save sustainably.

Contact

Hours of Operation

  • Sunday 8:00am - 4:00pm
  • Monday 6:00am - 6:00pm
  • Tuesday 6:00am - 6:00pm
  • Wednesday 6:00am - 6:00pm
  • Thursday 6:00am - 6:00pm
  • Friday 6:00am - 6:00pm
  • Saturday 8:00am - 4:00pm

Other Services by Aspiration Partners Inc.

Availability

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

Feature Breakdown

Minimum Opening Deposit Starting at $10
Minimum Balance to Avoid Monthly Fee Starting at $0
Minimum Combined Balance to Avoid Monthly Fee $0
Minimum Direct Deposit to Avoid Monthly Fee Starting at $0
Minimum Balance to Earn APY $0
Monthly Fee $0 - $7.99
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $0
Foreign Transaction Fee (Debit Card) 1%
NSF Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Returned Deposit Fee (Domestic) $0
Returned Deposit Fee (International) $0
Stop Payment Fee $0
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
Paper Statement Fee $0
Online Bill Pay Fee $0
Check Copy $0
Debit Card Replacement Fee $0
Early Account Closure $0
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Proof of Residence
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • No ATM Fees
  • Mobile Check Deposit
  • ATM Reimbursement
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • IRAs
  • Debit Card
  • Branch Access
  • Member FDIC
  • Online-Only Account
Signup Bonus $0
APY (Annual Percentage Yield) Up to 5%
(Verified 10/05/2022)

Aspiration Spend & Save Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -30, equating to 2.4 on a 5 point rating scale.

-30

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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