Aspiration Blog

5 Ways That Your Bank is Cheating You

1.) Ridiculous ATM Fees $2 just to withdraw MY 20 dollar bill? That's almost an entire tank of gas! ATM fees consistently serve as the most subtle way for consumers to fall prey to banks, and have been on the rise in recent years. 2.) Monthly Service Fees Take the…

May 12, 2018
by Admin

The Divestment Movement: Taking Your Money Out of Fossil Fuels

Too often, big financial institutions put their short-term profit before both people and the environment. When these banks take their customers’ deposits and invest them in ways that worsen our climate crisis, they harm the future of those customers and of the communities they are supposed to serve. At Aspiration,…

January 25, 2017
by Admin

How to Close Your Wells Fargo Bank Account in 6 Steps

Tired of being with a bank that let down its customers and broke their trust? You don’t have to stay. And don’t stay just because you think making a switch will be hard. If you’d like to move your business to a financial firm that puts its…

September 23, 2016
by Andrei Cherny

Dear Wells Fargo customers…

Only eight percent of Americans trust their financial institution. That was the result of a survey conducted earlier this year by the National Association of Retirement Plan Participants. When I first saw that number, my first reaction was that trust was down to the level of paid employees and blood…

September 21, 2016
by Andrei Cherny

Reinvent Your Retirement

What if you found out that, in just five minutes, you could easily save for your future, save on your upcoming taxes, and help save the planet all at the same time? You'd do it, right? Well, get ready: Opening an Aspiration IRA could make you eligible for an immediate…

March 8, 2016
by Andrei Cherny

Introducing StrengthBuilder

We all do it. Around this time, we take a look in the mirror and make a resolution: It's time to get into shape. But good intentions to work out often get overpowered by the ease of hitting the snooze button when snug under the covers on an early morning.…

January 7, 2016
by Andrei Cherny

Now You Can Invest In Your Values

You shop with a conscience when you purchase clothes, coffee, or cartons of milk. However, when it comes to investing, the conventional wisdom has held that there is a trade-off between ethics and earnings. Those days are over. Today, Aspiration is unveiling our newest product: the Aspiration Redwood Fund – a…

November 18, 2015
by Andrei Cherny

Financial industry: Time to catch up.

If there is one question we get about Aspiration from customers, reporters, and even an occasional family member, it is this: “What’s the catch?” How can the Aspiration Summit Account offer interest rates up to 100 times more than Big Banks without monthly fees or any ATM fees? How…

October 9, 2015
by Admin

Thanks for Taking a Stand, Nike

By kneeling, Colin Kaepernick sought to take a stand against inequality and injustice. By supporting him and featuring him in their latest ads, Nike took a stand as well. We think that’s a good thing. You probably won’t hear other banks or financial firms saying that, so why…

September 20, 2018
by Admin

Meet the Women of Aspiration

In celebration of Women’s Equality Day, we’d like to introduce some of the women who make our mission a reality every day. Elsa Elbert VP Customer Engagement I am the Head of Aspiration's Customer Engagement team - affectionately and aptly referred to as ACE. On a day-to-day basis,…

August 23, 2018
by Admin

Time to Move to Green

Every year on Earth Day there’s a lot of talk about the environment, but we believe that to fight the climate change crisis we need to do more than come together once a year on April 22. At Aspiration, we’re committed to helping our customers “Move to Green”…

April 20, 2018
by Admin

Celebrating three years with a special offer

Three years ago this month, Aspiration welcomed our first customers. Then as now, our mission was to improve the financial lives of the members of our Aspiration community. A big part of that is bringing investing options to all. We're proud to be giving our customers access to the kinds…

March 23, 2018
by Admin

New Survey: Money and Relationships -- It's Complicated

Aspiration recently surveyed Americans on their attitudes towards money and relationships. Income is a relatively uncomfortable topic for many, although there's a sizable group of people who think money is something that just has to be part of that early relationship chemistry. While 92% of American adults with significant others…

February 12, 2018
by Andrei Cherny

Our 2017 Impact Overview

At Aspiration, we think of ourselves as a financial firm with a conscience. It’s one thing to say that, but it’s another to bring it to life in how we treat our customers, our community, and the planet. 2017 was a difficult year – with too many natural disasters…

December 22, 2017
by Lily Bowles

A Huge Step Forward

Just a few years ago we started Aspiration with the goal of providing everyone with a financial firm that they can trust to do the right thing—for them and for the world. We knew it would be a challenge. After all, we’re up against Big Banks that have…

December 12, 2017
by Andrei Cherny

Climate change won't wait

Now that President Trump has decided to withdraw America from emissions targets set by the Paris international climate protection agreement, the question for us is what happens next? The truth is that it’s less likely than ever that government action alone will keep the planet safe for future generations.…

June 5, 2017
by Andrei Cherny

Americans Need Fairer Banking, not Fewer Consumer Protections

Wall Street spends big money to get their way in Washington, chalking up $2 billion in spending over the past 2015-2016 election season alone (1). The influence Wall Street has on policymakers is no secret and as a result, many Americans -- regardless of political affiliation -- think financial regulations…

May 17, 2017
by Andrei Cherny

Meet AIM: the Aspiration Impact Measurement

The past generation has seen a Conscience Revolution among people in America and around the world. Today, as never before, people seek to factor in the ethics of businesses as they make their daily purchasing decisions. More than a third of younger Americans (and more than a quarter of Americans…

April 26, 2017
by Andrei Cherny

Take 5 Minutes Today to Move $100 from Dirty into Green Investing

We know that you’re thinking about ways you can make a real difference today. So let’s talk about something more and more people are doing - and that can make a big difference: using your money as a way to make change happen. We’ve seen just recently…

April 22, 2017
by Andrei Cherny

Introducing our Summit checking app for iPhone and Android!

Last year, we at Aspiration did something no one had ever done before: We created the best bank account in America -- and made it available to every American. Our Aspiration Summit checking account offers an interest rate of up to 1.00% -- 100 times that paid by the…

December 7, 2016
by Adam Stone

What’s Your Money Doing In Their Wallets?

Here’s a nifty trick: Each year Americans spend more than $33 billion on often outrageous bank fees. Those banks then take about $100 million of that and spend it on lobbying and campaign contributions to, among other things, try to stop efforts to reign in – you guessed it – outrageous…

July 12, 2016
by Admin

The checking account that puts customers, not greed, first

Sick and tired of Big Banks that hit their customers with outrageous and unnecessary fees and then turn around and use that money to lobby Washington for the ability to keep right on doing more of the same? If the answer is yes, there’s various actions you can take.…

December 11, 2015
by Andrei Cherny

Give more on #GivingTuesday!

Today, as we recover from the Thanksgiving holiday and prepare for the onslaught of shopping holidays, we celebrate Giving Tuesday. This day brings together over 30,000 businesses, foundations & non-profit organizations to do one thing: Give back. Giving is at the heart of Aspiration: That’s why we donate…

December 1, 2015
by Adam Stone

You want to invest but you are sick of Wall Street greed? Then read this.

Wall Street works great. If you’re one of the wealthiest people in the country. But for most Americans – and for the country as a whole – the way the financial industry currently works…just isn’t working. That's why we created Aspiration -- a financial firm for the middle class…

October 29, 2015
by Andrei Cherny