†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. Aspiration is not a bank. An Aspiration Save Account may be opened by itself without opening an Aspiration Spend Account. Through the Aspiration Insured Bank Deposit Program, each business day Aspiration deposits the cash balances in the Aspiration Spend and Save Accounts into deposit accounts at one or more federally insured depository institutions (each a “Bank”) up to $246,500 per Bank. Your deposits at each Bank are eligible for insurance by the Federal Deposit Insurance Corporation (FDIC) up to $250,000, subject to FDIC rules on aggregation of deposits held in the same insurable capacity. There are currently ten Banks available to accept your deposits, making customers eligible for up to $2.46 million, including accrued interest, on deposit balances. The amount of available insurance coverage could change if the number of Banks changes, you designate a Bank as ineligible or you maintain deposits at a Bank outside the Aspiration Program. You are responsible for monitoring your deposits at each Bank to determine the available FDIC insurance coverage. You should carefully review the Aspiration Insured Bank Deposit Program Disclosure Statement available here. For more information about FDIC insurance coverage, please visit the FDIC website. A list of the current Aspiration Insured Bank Deposit Program Banks is available here. Deposits at the Banks are not eligible for SIPC coverage. Aspiration Spend is a non-interest bearing securities account with electronic transaction functionality. Aspiration Save is a securities account that, through the Insured Bank Deposit Program, permits you to earn interest on your available cash. Full disclosure about Aspiration Spend and Aspiration Save is available in the Spend & Save Supplement to the Customer Account Agreement, available here.
Investments placed in the Redwood Fund available through Aspiration are not eligible for FDIC Insurance, are not bank guaranteed and may lose value.
The Aspiration Spend & Save Account is a cash management account offered by Aspiration Financial, LLC, a broker-dealer registered with the Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). Aspiration Financial, LLC provides brokerage services and securities products. Its affiliate company, Aspiration Fund Adviser, LLC, an SEC-registered investment adviser, provides investment advisory services. Aspiration Fund Adviser, LLC and Aspiration Financial, LLC are subsidiaries of Aspiration Partners, Inc. (Aspiration). Neither Aspiration Partners, Inc. nor any of its subsidiaries is a bank. Aspiration pledges to donate 10% of our profits to charities.
The Aspiration Plus Debit Card, made from recycled ocean plastic, is coming soon to Aspiration Plus members. The card is issued by Coastal Community Bank, Member FDIC, pursuant to a license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
*“Summer 2020 Sweepstakes” Promotion consists of seven (7) separate “Entry Periods”: (1) 12:00 a.m. Pacific Time (“PT”) on 7/10/2020 through 11:59 p.m. PT on 7/16/2020, (2) 12:00 a.m. PT on 7/17/2020 through 11:59 p.m. PT on 7/23/2020, (3) 12:00 a.m. PT on 7/24/2020 through 11:59 p.m. PT on 7/30/2020, (4) 12:00 a.m. PT on 7/31/2020 through 11:59 p.m. PT on 8/6/2020, (5) 12:00 a.m. PT on 8/7/2020 through 11:59 p.m. PT on 8/13/2020, (6) 12:00 a.m. PT on 8/14/2020 through 11:59 p.m. PT on 8/20/2020, (7) 12:00 a.m. PT on 8/21/2020 through 11:59 p.m. PT on 8/27/2020. During each "Entry Period", there are two ways to enter: 1) Qualifying Activities: Opening a Spend & Save Account and funding with a minimum deposit of $10 will constitute five (5) entries; each successful Spend & Save Account referral, funded with a minimum deposit of $10, using the personalized referral link will constitute five (5) entries; and the first transaction using the Aspiration Debit Card to make a purchase of at least $1 will constitute two (2) entries; OR 2) Electronic entries, limit one (1) per day. Joint account owners are considered one customer for the purpose of the promotion. Limit five (5) entries per customer per day for the duration of the Entry Period regardless of method of entry. One (1) winner will be chosen at random per “Entry Period” and notified via email. Limit one win per customer per the duration of the promotion. Each winner will be awarded their choice of one of the following: VanMoof S3/X3 Electric Bike (up to $2,500 ARV prize value including shipping & tax), Peloton Bike Basics Package (up to $2,500 ARV including shipping & tax), The Mirror (from mirror.co, up to $2,000 ARV including shipping & tax) or $1,000 cash. Account must be in good standing at time of drawings. Current and former Aspiration employees and contractors are excluded from the promotion. Winner 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. Winner should consult a tax advisor. Aspiration is not affiliated with VanMoof, Peloton, or Mirror; all trademarks are property of their respective owners. For full Terms & Conditions, click here.
**Offer Terms and Conditions: Offer is only valid for customers who open a new Aspiration Spend & Save Account. Secondary owner joining an already established account as a joint user does not qualify for promotion. Customer must complete the following activities: (1) Open and fund an Aspiration Spend & Save Account with a deposit of $10 or more, and (2) Use their Aspiration debit card to make at least $1,000 worth of cumulative transactions within the first 60 calendar days from account opening. $1,000 transaction minimum refers to net purchases (purchases minus any credits or returns). Allow up to 120 calendar days from account opening for the $100 offer credit to post to your Aspiration Spend & Save Account. Aspiration Spend & Save Account must be open and in good standing, in the sole determination of Aspiration, through the date of the credit. Promotion is ongoing and valid as of 07/11/2020. 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.