Aspiration fights Wall Street greed with high-interest checking and pay-what’s-fair banking

While Wells Fargo was creating millions of fraudulent bank accounts to collect falsified fees and boost its sales, another financial firm was creating a checking account with zero mandatory fees (including ATM fees) and a rarely seen 1.00% interest rate.

Aspiration is a financial firm offering banking and investing that was conceived as taking everything people don’t like about Wall Street and the big banks — and doing the opposite.

Instead of high and hidden fees, Aspiration’s fees has a voluntary “pay-what-is-fair” fee structure, meaning you pay zero or can choose to “tip” whatever amount you deem appropriate.

Rather than primarily serving the very rich, Aspiration puts elite financial tools — traditionally available only to the wealthy — back into the hands of ordinary Americans.

And in contrast to the more than $60 million big banks spend on lobbying that’s often against the interests of consumers, Aspiration donates 10% of its revenue to charities providing microloans to Americans struggling to build a better life.

While Wells Fargo was creating millions of fraudulent bank accounts to collect falsified fees and boost its sales, another financial firm was creating a checking account with zero mandatory fees (including ATM fees) and a rarely seen 1.00% interest rate.

Aspiration is a financial firm offering banking and investing that was conceived as taking everything people don’t like about Wall Street and the big banks — and doing the opposite.

Instead of high and hidden fees, Aspiration’s fees has a voluntary “pay-what-is-fair” fee structure, meaning you pay zero or can choose to “tip” whatever amount you deem appropriate.

Rather than primarily serving the very rich, Aspiration puts elite financial tools — traditionally available only to the wealthy — back into the hands of ordinary Americans.

And in contrast to the more than $60 million big banks spend on lobbying that’s often against the interests of consumers, Aspiration donates 10% of its revenue to charities providing microloans to Americans struggling to build a better life.

Read on.

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