What is Aspiration Spend & Save?


Spend & Save is Aspiration's main banking service.

It has two parts: Aspiration Spend is designed to replace your traditional checking account, and Aspiration Save replaces your traditional savings account. The major features of these accounts are:

• Unlimited cash back rewards on debit card purchases -- and extra rewards for spending at businesses with a conscience
• High interest rates on balances in your Aspiration Save account
• Deposits are FDIC-insured* up to $2 million per depositor, and deposits will not fund oil pipelines and drilling
• Zero fees at every ATM in the world
• Choose your account maintenance fee - even if that’s zero (you “Pay What is Fair”)

Both accounts are intended to let you bank with a conscience at Aspiration. We also offer investment products, enabling you to make us your one-stop financial home.

* The Aspiration Spend Account and the Aspiration Save Account are part of a cash management account offering of Aspiration Financial, LLC (“Aspiration”), an SEC-registered broker-dealer. After the close of business each business day, the cash balances in the Aspiration Spend and Save Accounts are swept to an account at one or more federally insured depository institutions (each a “Bank”). The deposits at the Banks are eligible for insurance by the Federal Deposit Insurance Corporation (FDIC), subject to FDIC insurance coverage limits. For more information about FDIC insurance coverage, please visit the FDIC website. As stated in the Aspiration Financial, LLC Customer Account Agreement (Customer Account Agreement), customers are responsible for monitoring their total assets at the Bank to determine the extent of available FDIC insurance. FDIC insurance coverage is in accordance with applicable law and regulations, including the FDIC’s laws and regulations relating to “pass-through” federal deposit insurance treatment. The names of the current Banks that maintain the Aspiration Spend and Save Accounts are made available within your periodic statements and may vary over time. Deposits at the Banks are not eligible for SIPC coverage. Aspiration Spend is a non-interest bearing account with electronic transaction functionality. Aspiration Save is an interest-bearing account. Full disclosure about Aspiration Spend and Aspiration Save is available in the Spend & Save Supplement to the Customer Account Agreement. Investments placed in the Redwood or Flagship Funds available through Aspiration are not eligible for FDIC Insurance, are not bank guaranteed and may lose value.