When you open your account with Aspiration you will be prompted to link a checking or savings account from a US-based financial institution (including Credit Unions). This bank account will serve as the source to fund your investments as well as receive any withdrawals. As soon as we have confirmed that your bank account is linked electronically, you will be able to make your first investment in the Aspiration Flagship Fund, or the Aspiration Redwood Fund.
There are two ways to link your bank account electronically and verify that you are the owner of the account:
Instant Verification: Bank accounts held at any of the financial institutions listed below qualify for instant verification. To use this method you will simply enter the same login credentials (username, password, and security questions) that you would use to login to your account on your bank’s website. Once your information is verified, you will get instant confirmation and you will be ready to start investing.
Please note that your login credentials are passed directly to your financial institution for verification. Aspiration does not have access to your login credentials and all data is encrypted and securely stored using bank-grade security measures. Check out what we do to protect your info by clicking here.
Micro-Deposit: If your bank account is not held at one of the institutions listed above, or you choose not to enter your bank information, you can always choose "Other Bank" and verify your account using micro-deposits. You will be prompted to enter the account and routing number of the bank account you would like to link electronically. Two small deposits will then appear in your account – please note that, depending on your bank, this process may take up to two days. Once the two deposits appear on your bank statement, please log back in to your Aspiration account where you will be prompted to enter the exact amount of the two deposits. Once the two deposits have been confirmed, you will receive confirmation that your bank account has been successfully linked.