Is aspiration a bank?

It donates 10% of its income and offers an in-app feature that guides Aspiration customers to environmentally and people-friendly businesses. Users can even get a sustainability score on their own spending habits. To be clear, Aspiration is not itself a chartered, federally insured bank.

What is ambition banking?

First, let’s take a look at what Aspiration Bankingis. Even though its name literally has the word ‘banking’ in it, Aspiration Banking isn’t actually a bank. At least not in the traditional sense. Instead, Aspiration Banking is a financial institution.

What is the difference between aspiration spend and aspiration save?

Aspiration Spend is a non-interest bearing securities account with electronic transaction functionality. Aspiration Save is a securities account that, through the Insured Bank Deposit Program, permits you to earn interest on your available cash.

How does the aspiration debit card work?

Planet Protection When you use your Aspiration debit card to buy gasoline for your car, Aspiration purchases the amount of carbon offsets needed to neutralize the carbon dioxide produced by a tank of gas. To purchase carbon offsets, Aspiration contributes money to a company that saves energy for the planet, like wind farms.