Is Aspiration A Good Place To Invest Your Money Site:snopes.com

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Earn up to $500/year on savings (up to 5.00% APY*, 83x the national average rate) when you switch over to Aspiration and spend with a clean conscience.

SPEND & SAVE ACCOUNT
• Sign up for Aspiration to start spending, saving, and investing with a conscience.
• Know that your deposits aren't funding fossil fuel exploration or production, private prison operations, or manufacturers of firearms
• Withdraw your cash for free at over 55,000+ Allpoint ATMs
• Earn up to 5.00% APY with the Save account
• Get paid up to 2 days early
• No credit check required

ZERO CREDIT CARD
• Good credit required
• Go carbon-neutral — using Zero at least once per day will zero out the average person's carbon footprint entirely
• Every time you swipe, we plant trees to reduce your carbon footprint
• Get rewarded for saving the planet — earn up to 1% cash back on all purchases
• Track your progress in our app
• Get a $300 bonus after spending $3,000 or more within 90 days of account opening.

FOR FULL TERMS AND CONDITIONS VISIT aspiration.com/credit-card

SAFETY
• Sign in with Touch ID or Face ID (on supported devices)
• Two-factor authentication
• 256 bit encryption

DISCLAIMERS
The Aspiration Spend & Save Account are cash management accounts offered through Aspiration Financial LLC ("AFLLC"), a registered broker-dealer and Member FINRA/SIPC. An affiliate company, Aspiration Fund Adviser, LLC ("AFA") is an SEC registered investment adviser. An affiliate, Aspiration Card Services, LLC ("ACS") offers credit products. AFLLC, AFA, and ASC are subsidiaries of Aspiration Partners, Inc. ("Aspiration"). Aspiration pledges to donate 10% of our profits to charities. Aspiration is not a bank.

The Aspiration Plus Debit Card is issued by Coastal Community Bank ("CCB"), Member FDIC, pursuant to a license by Mastercard International Incorporated ("MCI").
The Aspiration Zero Mastercard® is issued by Beneficial State Bank ("BSB"), member FDIC, pursuant to a license by MCI. The Aspiration Zero Mastercard® is offered by ACS. Aspiration and its subsidiaries are unaffiliated with BSB, CCB, and MCI.

Paid experiences may not be representative of others and is no guarantee of future success.The Aspiration Cash Back program is subject to change at any time and without notice, including reversal of rewards for abuse, fraud, and other illicit activity. Cash Back rewards are generally credited on the first day of each calendar month. Customers will earn cash back on debit card purchases, amount earned varies by merchant. Additional terms, conditions, and restrictions apply. ATM use is free and unlimited, at Allpoint ATMs only, transaction amount caps may apply. Find an Allpoint ATM at https://www.aspiration.com/atms.

Enable Plant Your Change and Aspiration will round up qualifying debit card purchases to plant a tree. With Aspiration Plus and Planet Protection, Aspiration will provide carbon offsets for your gas purchases.

This communication should not be construed as an offer, solicitation of an offer, or advice to buy or sell securities. Aspiration does not offer or provide investment, financial, tax, or legal advice. This is not an offer or solicitation in any jurisdiction where AFLLC or its affiliates are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction.

*The Aspiration Save Account's up to 5.00% Annual Percentage Yield ("APY") with up to 83x the national interest rate is variable, subject to change, and only available after certain conditions are met. Visit aspiration.com/save for full terms and conditions.

Visit aspiration.com/disclaimers and aspiration.com/policies for additional terms and conditions of services.

What's New

Nov 10, 2021

Version 2.20.4

Thanks for using the Aspiration App! In this version, we've squashed some bugs and also improved performance.

Ratings and Reviews

4.7 out of 5

22.4K Ratings

Blocked access to my money

Aspiration randomly had a need to lock down my account. A day later I receive an Email requesting to verify my identity by uploading a photo of my ID and bank statements from linked accounts. Problem is one of the linked accounts I closed and no longer have statements for. I still sent IDs and other bank statement along with a letter explaining I closed one of the accounts. 2 twos later I sent everything again. Now a werk has gone by and my account is still locked, I have bills now over due, getting charges late fees. Losing so much money because Aspiration is refusing to unlock my account. Customer support says they can't help me because the verification department only has access. Can't use my debit card, not sure if my direct deposit pay is even going into the account. No idea how much money I have, but I know I'm losing a lot of money because I can't pay my bills and conduct business. Thanks a lot. Making Aspiration my primary bank was a hugely massive mistake an regret even using this Bank.

So disappointed

I just signed up for the Spend/Save account. What I didn't realize is that I had a pending application for the Redwood fund from 4 years ago. What this means is that every time I open the app, the first thing I see is my pending application. What I really want to get to is my Spend and Save accounts but I have to scroll down below the giant "complete your application" part every time. This just won't do for an app I plan to use multiple times a day.

I wrote support to see if they could cancel my pending application. They told me "sorry, no." Completely unacceptable in this day and age when you can open an account anywhere and customer service is king. I wrote them saying that if it couldn't be cancelled, I would like to close my aspiration accounts entirely since it's so annoying to use the app. A different customer service rep then assured me that my pending application could be cancelled. 3 days went by and it was still there. When I wrote them to check in on status, yet another, different customer service rep replies, saying she'd be happy to close my aspiration account completely. What the heck? The amount of time and energy I have already spent to try and get this resolved is too much. So frustrating! And what a shame, seems like good products but I am unable to use them. Taking my business elsewhere.

Sorry to hear that! It is not possible to cancel the investment applications at this time and it's something we've push our developers to work on. We apologize for the inconvenience and miscommunication.

What is this shadiness?

First off, they will send a debit card, and it will work like a debit card should. There are no fees unless you want to pay some amount. The rest, however, is a shady bait-and-switch operation. You want to feel good thinking that Aspiration doesn't invest with unsavory entities like big oil, provided Aspiration is even telling the truth. Aspiration claims to give a rating for places you shop, but these aren't readily available (I understand small businesses can't easily be rated from afar, however). Aspiration claims to give cash back on all purchases, but that's not true – it's cash back on *some* purchases. When I opened my accounts, it was with the promise of interest to be earned with no minimum balance, as long as a deposit of any amount is made. After a few months, I'd earned no interest on my small deposits and balance. I checked the FAQ to find that Aspiration changed its requirement for earning interest to be a deposit of $1000 (I no longer recall if that's the minimum balance required or if Aspiration requires $1000 in deposits monthly), and Aspiration never communicated this. Internet banks offer higher interest, so it's not worth placing your money with Aspiration for better interest, either. It's been disappointing, and it's certainly not the transparent, ethical operation it claims to be. I fail to see any benefit.

Sorry to hear this but we'd like to clear some things up! We do give at least 0.1% cash back on all purchases and give up to 5% when shopping with merchants that do more than simply make a profit. In addition, we sent an interest update email back in September when the Fed lowered its rates. We apologize for the inconvenience!

App Privacy

The developer, Aspiration, indicated that the app's privacy practices may include handling of data as described below. For more information, see the developer's privacy policy.

Data Linked to You

The following data may be collected and linked to your identity:

Financial Info
Contact Info
User Content
Identifiers
Usage Data
Sensitive Info

Data Not Linked to You

The following data may be collected but it is not linked to your identity:

Location
Contacts
Diagnostics

Privacy practices may vary, for example, based on the features you use or your age. Learn More

Information

Seller

Aspiration Partners Inc

Size

140.7 MB

Category

Finance

Compatibility

iPhone: Requires iOS 13.0 or later.

iPod touch: Requires iOS 13.0 or later.

Mac: Requires macOS 11.0 or later and a Mac with Apple M1 chip.

Age Rating

Copyright

Price

Free

Developer Website
App Support
Privacy Policy

Supports

Wallet

Get all of your passes, tickets, cards, and more in one place.
Family Sharing

With Family Sharing set up, up to six family members can use this app.