Set up Direct Deposit to get $25 + we’ll fund additional tree planting.
For a limited time, when you set up Direct Deposit of at least $500/month, we’ll plant nine trees for each qualifying month.¹ Plus, after three months of Direct Deposit we’ll give you $25.¹
As always, you can feel good knowing that every dollar in your Aspiration account is a dollar that will not be used to fund fossil fuel exploration or production.† And you can get paid up to 2 days early² – it’s Direct Deposit that’s good for your wallet and the world!
But act fast — this offer is only valid for a limited time.
Why does Aspiration plant nine trees?
Planting trees and restoring forests are among the best ways to draw down carbon from the atmosphere, because they can help mitigate the impacts of climate change and contribute to healthy ecosystems that support wildlife and people. Why nine trees? Because that is the estimated amount of trees from Aspiration’s reforestation partners that can sequester an equivalent amount of carbon dioxide over the lifetime of the trees to match the average American’s monthly carbon footprint. To learn more about our tree planting program, click here.
†Through Aspiration’s 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 five Banks available, Deposits are FDIC-insured up to $1,250,000 per depositor. Visit fdic.gov. You are responsible for monitoring your deposits at each Bank to determine the available FDIC insurance coverage. Aspiration’s Program Banks have formally committed that customer deposits will not be used for lending to oil and gas exploration, production or transportation, or coal mining. Investments placed in the Redwood Fund are not eligible for FDIC Insurance, are not bank guaranteed and may lose value.
Offer Terms and Conditions
¹ Offer Terms and Conditions: Offer is non-transferable and non-assignable. Customer must set up a new direct deposit to the account from their paycheck, pension or government benefits (such as Social Security) from their employer or the government to be eligible. Customer must have at least $500 in Direct Deposits in a calendar month to be eligible for the promotion and customer must have at least $500 of cumulative direct deposits from their paycheck, pension or government benefits (such as Social Security) in a calendar month to receive the Monthly Tree Planting Contribution (“Monthly Tree Planting Contribution”). Customer must also have at least $500 of cumulative direct deposits from their paycheck, pension or government benefits (such as Social Security) for the two consecutive months following the first month of eligibility to be eligible to receive the additional Monthly Tree Planting Contributions and to be eligible for the $25 credit. As an example, if customer has their first $500+ in direct deposits during the month of April, customer will receive the Monthly Tree Planting Contribution for April. If the customer also has $500+ in direct deposits in the months of May and June, the customer will receive the Monthly Tree Planting Contribution for the months of May and June and a $25 credit. Allow up to 90 days from the date of your last qualifying direct deposit for the $25 credit to post to your Aspiration Spend account. The average American’s monthly carbon footprint is calculated using CAIT (2019) data on the U.S. average, per-capita footprint of 17,580 kgCO2e/year. Based on Aspiration calculations, a tree’s lifetime sequestration amount after survival/buffer is estimated to be 162.5 kgCO2e/tree. Thus 17,580 kgCO2e divided by 162.5kgCO2e/tree divided by 12 months = 9 trees/month/person, which results in the Monthly Tree Planting Contribution. Funded trees can take up to 18 months to plant, allowing for time to set up nurseries, select/expand planting sites, take advantage of optimal planting seasons and accommodate for local/regional/country social, political and health considerations. Planting trees and restoring forests are among the best ways to draw down carbon from the atmosphere, because they can help mitigate the impacts of climate change and contribute to healthy ecosystems that support wildlife and people. Trees planted by our reforestation partners are not intended to be used as carbon offsets and are not verified as such by a third party. Planted trees are part of a reforestation program where approximately 20-30% more trees are planted to account for natural survival rates and unforeseen circumstances (i.e., wildfires, natural disasters, disease) so enough trees survive to reforest an area. However, there is no guarantee all trees planted will be permanent. Aspiration Account must be open and in good standing, in the sole determination of Aspiration, through the date of the credit. Good standing generally means that the Account is open and not overdrawn and you are in full compliance with the terms of the customer agreement. Promotion is ongoing and valid as of 1/24/2024. All applicable account terms, fees, and charges are subject to change. This offer may be modified or withdrawn at any time without notice. Customer is responsible for any federal, state, or local taxes due on the bonus and we will report as income to the tax authorities, if required by applicable law. Customer should consult a tax advisor.
² Aspiration’s early direct deposit of funds service is not guaranteed, is subject to payor’s support and the timing of payor’s payment instruction, and is based on a comparison of our policy of making funds available upon our receipt of payment instruction with the typical banking practice of posting funds at settlement. Aspiration generally makes these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date
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