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Aspiration


Overview / Commentary
800-683-8529
4640 Admiralty Way
Marina Del Rey, CA 90292

Aspiration (an online investment company) and Coastal Community Bank (an FDIC-insured bank) have teamed up to offer The Aspiration Account, formerly known as the Aspiration Summit Account. This is a high yield checking account that has no monthly fees and offers free worldwide ATM access. In fact, the interest rate on this checking account rivals the top savings accounts on the market. Upon the account's release, it was quickly labeled by many reputable news publications as the best checking account in the country. It’s hard to argue with this when considering its appealing combination of low fees and high interest.

It’s worth noting that while this summary is dealing mostly with the deposit accounts available at Aspiration through Coastal Community Bank, Aspiration also offers a couple investment accounts that are aimed at middle-class consumers and seek to provide investment opportunities and advantages that traditionally are only available to wealthier consumers. Assets in these investment accounts are held by UMB Bank.

Aspiration’s consumer products are impressive, but equally impressive is the company’s commitment to giving back to the community. Through their “Dimes Worth of Difference” program, they donate a tenth of their revenue to various charities that seek to advance economic opportunities for the less fortunate.

Aspiration is headquartered in Marina Del Rey, CA. Any US citizen or lawful resident over 18 can open an account.

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Reviews (119)

Great Concept, Helpful Support, Love The Savings Returns

Posted by: zali | Jul 12, 2019

So far an incredible experience w/ Aspiration and their customer service dept. With respect to some of the more negative reviews I’ve read, I felt compelled to add: I’ve been a customer with a few relatively newer, online-only banks, and worked for a large bank myself. While sometimes there can be process hiccups here and there, the product offering and mission is, IMO, worth partnering with them on their growth journey. These aren’t giant mega-banks (though I hope they get there), so while I sympathize with people who’ve had a rough edge case experience, I don’t expect them to have perfected every detail - just the major stuff like customer service, ability to access funds, and a quality mobile and desktop web app, which is fair to expect from anyone and even moreso a company with less tech debt in their IT org (though also fewer software engineers to go around).

I’m excited about the mission and extremely competitive savings returns Aspiration offers. That’s why I became a customer, and assuming those things don’t change, I expect to remain one for a long time.

Pleased As Hell

Posted by: sedonaart | Jul 12, 2019

I can think of only two ways you might enhance your service. 1) Make bank transfers faster. 2) My own personal banker? :) I'm so pleased you've provided an option to 'The Big Three'. Heavy sigh.

A Bit Of Misinformation, Now Resolved.

Posted by: sjg | Jul 3, 2019

I am a return customer, invited to reopen my account. Email response from customer service has been quick, though some of the information supplied was incorrect; this has now been rectified and all seems ok.

SCAM BANK. FRAUD.

Posted by: rocky2 | Jul 11, 2019

As near as I can figure this is a FRAUD company. I opened an account just to get a $100., promotion. I complied with all of their instructions and they won't honor their promotion. I have made many calls to them with no resolution. I am going ahead with a "class action" lawsuit to bust this SCAM. Contact me if you want to join. [email protected]
NOTE: 54% RATE THIS SO CALLED BANK AS ONE STAR! THEY WOULDN'T EVEN HAVE ONE STAR UNLESS YOU REALIZE NO STARS WAS NOT AN OPTION! THIS CHART LOOKS LIKE IT'S FOR DONALD TRUMP. 30% THINK HE'S GREAT AND 54% KNOW HE'S GARBAGE.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #34403
Year Established1997
Employees179
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.16%
Return on Equity - YTD11.48%
Annual Interest Income$11.4MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$1.12B$830.8MM
LoansQ1 2019vs Q1 2018$781.2MM$670.1MM
DepositsQ1 2019vs Q1 2018$996.5MM$729.3MM
Equity CapitalQ1 2019vs Q1 2018$105.8MM$78.3MM
Loan Loss AllowanceQ1 2019vs Q1 2018$9.9MM$8.4MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$83.00K$1.5MM
Real Estate OwnedQ1 2019vs Q1 2018$0$0
Rates
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Aspiration Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%--Spend and Save Account
Locations

Aspiration is an Internet only bank and does not have branch locations. Its headquarters is located at 4640 Admiralty Way - Marina Del Rey, CA 90292

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.