Individual and Joint Spend & Save accounts are exactly the same in terms of account features (for example: interest rate). A joint account is only different in that it has two owners instead of one.
Both owners on a joint account have equal access to all of the funds in the account, and equal ownership rights over these assets.
Both owners get their own debit card with a unique card number, and can manage the settings on their cards (e.g. travel notice) independently.
Each owner will have their own account number for their Spend account and the same account number for their Save account.
Like individual Spend & Save accounts, joint account holders have the option to set a monthly Pay What Is Fair tip. The tip is deducted from the account once monthly.
Is it possible to have both a Spend & Save Individual Account and Spend & Save Joint Account open at the same time?
At this time each Aspiration customer can only have one Spend & Save account - either a joint or an individual account.
We are hoping we will be able to provide this feature in the near future, allowing customers to be able to have one individual and one joint Spend & Save account at the same time. We will absolutely notify everyone once that feature is available!
Can a Spend & Save Individual account be converted into a Spend & Save Joint account?
Yes, all Spend & Save Individual accounts can be upgraded to become a Spend & Save Joint Account. You will find this option by logging into your account, then: Settings > Banking Preferences > Bank Account Info.