Tag: fintech

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Investment Apps and Websites

Atmos Financial Review: High-Yield Savings Account With Green Initiatives

If you are looking for a financial institution that offers high-yield, climate-focused savings accounts, then this Atmos Financial review is for you.

Atmos Financial Review: High-Yield Savings Account With Green Initiatives

Generally speaking, people deposit money into savings accounts just for the sake of having a safe place to keep their money.

In fact, according to the Federal Deposit Insurance Corporation (FDIC) Survey of Household Use of Banking and Financial Services, which was conducted in June 2019, “nearly 95 percent of U.S. households (approximately 124 million households) were banked (i.e., had a bank or credit union account).” 

There are several factors that people consider when choosing a bank or any financial institution for that matter.

One factor is the stability of a bank.

Based on a report by The Ascent, 51.76% of people use only physical banks, 25.18% use only online banks, while the remaining 23.06% use both.

Another factor depositors take into consideration is the interest rate. Some people prefer shopping for the highest interest rate available to be able to earn more from what they have.

Ideally, it would best if a customer gets to have both stability and a high interest rate. It’s a win-win situation, definitely.

But, here’s some good news. While there are lots of financial institutions out there that offer both stability and a high interest rate, only a few offer climate-focused accounts, which is what Atmos Financial is all about.

Atmos Financial is a financial technology (fintech) that specifically loans its deposits to green initiatives.

The company provides “banking that reverses climate change.” Definitely something not very common among banks and credit unions out there.

Imagine, with Atmos Financial, you can bank, earn high interest, at the same time, be able to help protect and preserve our planet.

Now, if you are interested to know more about what Atmos Financial is all about and what it offers, then, you should continue reading this in-depth Atmos Financial review.

In the next few sections, we are going to specifically tackle some of the most important information customers need to know about this fintech company. This includes:

  • What is Atmos Financial?
  • Who is Atmos Financial best for?
  • What does RoosterMoney offer?
  • How does Atmos Financial work?
  • Are there fees involved?
  • How to open an account with Atmos Financial?
  • Is Atmos Financial safe?
  • What are the upsides of Atmos Financial?
  • What are the downsides of Atmos Financial?

WHAT IS ATMOS FINANCIAL?

Atmos Financial is a fintech company that was founded in January 2020 by Ravi Mikkelsen.

Technically speaking, Atmos Financial is not a bank. However, the company can offer banking services through Evolve Bank & Trust, its bank partner, a member of the FDIC.

Atmos Financial is not your typical fintech company.

While it does work on providing consumers a place to save and earn from their money, it also allows them to contribute to making the world a better place to live in.

Atmos Financial’s goal is “to provide permanent positive environmental and societal impact by shifting money away from activities that directly harm our planet and towards those that help preserve it.“

To achieve this goal, the company pledges “to only lend to sectors that help to rapidly accelerate our transition towards a clean, fair, and transformed economy.”

Furthermore, the company hopes to “flatten financial barriers so that everyone can participate in and benefit from a carbon-free future.”

Atmos Financial’s Ravi Mikkelsen & Pete Hellwig made it clear that what the company is doing is not a charity. Rather, it is on a mission “to develop the best technology solutions and banking experience available so that you never again have to give up convenience or yield for doing the right thing.“

While all these may sound idealistic, Atmos Financial assures you they can be realistically done. In fact, they’ve already started doing it.

Atmos Financial “utilizes various banking partners to offer FDIC-insured deposit products like our AtmosACTION Savings Accounts.”

AtmosACTION Savings Accounts is the “first high-performance savings account engineered to reverse the climate crisis.” Know more about this product as we go along this review.

WHO IS ATMOS FINANCIAL BEST FOR?

Atmos Financial is a company that aims to create environmental impact through the things it does.

Thus, it should appeal to consumers who want to take part in making an environmental impact.

Atmos Financial should also be an ideal choice for people who want to open a high-yield savings account with no monthly fees, as well as no minimum account requirements.

Unfortunately, ATM transactions are not supported by Atmos Financial. So, unless you are good with that, Atmos Financial should work for you.

Also, if you want to earn the best annual percentage yield possible, you should be willing to have recurring donations.

WHAT DO ATMOS FINANCIAL OFFER?

Atmos Financial offers AtmosACTION Savings Account.

As stated on its website, AtmosACTION Savings Account is “the first high-performance savings account engineered to reverse the climate crisis.”

AtmosACTION offers up to 0.51% annual percentage yield (APY), which is a fairly competitive rate.

This savings account “high-performance savings rate from clean energy investments.”

Atmos Financial funds innovative technologies as well as infrastructure that helps combat the global climate crisis.

The AtmosACTION Savings Account has no minimum balance requirement. However, when you get to see the impact you can have by depositing more, Atmos thinks you would probably want to go all-in.

AtmosACTION Savings Account also does not require a minimum deposit. Furthermore, it does not charge a monthly service fee and any other fees for that matter.

Interest Rate

As mentioned, Atmos stands out from other banks and financial institutions by loaning its deposits to clean energy initiatives. The fintech company makes money through the loan as well as the interest paid out to its customers.

AtmosACTION offers a high-interest rate. However, this varies depending on the amount deposited in your account.

For your reference, for balances of $9,999.99 and below, the rate is 0.41% APY; for balances amounting between $10,000.00 and $24,999.99, the rate is 0.46% APY; while for balances of more than $25,000.00, the rate is 0.51% APY.

It is important to know, however, that the savings rate includes a 0.11% increase if you link it to automatic monthly recurring nonprofit donations.

Initiatives

To realize its mission to help address the climate crisis, Atmos Financial ensures it only supports companies that do and believes the same thing.

Atmos Financial supports companies with projects under:

  • Renewable Energy
  • Regenerative Agriculture
  • Electric Transportation
  • Weather Resilience
  • Building Electrification
  • Energy Efficiency Overhauls

Meanwhile, the company does not loan money to companies with programs on:

  • Fossil Fuel Extraction
  • Clean energy projects that displace Black, Indigenous, or other Frontline Communities.
  • Fast Fashion Clothing
  • Industrial Agriculture
  • Industrial Livestock Production
  • Generic Real Estate
  • …and everything else

Climate Impact Measurements

Now, to get an idea of how customers’ deposits positively impact the climate, Atmos Financial measures impact in tons of carbon dioxide removed annually.

The table below shows how much CO2 customers can remove in a year based on deposits:

Deposited Amount Tons of CO2 Removed Equivalent Number Of Miles Not Driven Per Year
$1,00 1 2,634
$2,500 3 6,585
$5,000 6 13,169
$10,000 12 26,338
$20,000 23 52,676

As mentioned, Atmos Financial does not have a minimum deposit or minimum balance requirement. It’s all up to you. If you want to create climate impact, then, the table above should help you with that.

As you can see, the higher your deposited amount is, the bigger the impact will be.

Now, to compare, the average American contributes 16 tons of CO2 every year, which is one of the highest CO2 contributions of just one person in the world.

Future Plans

As stated on its website, Atmos Financial is refining and launching additional products such as a debit card account to better serve its customers.

Furthermore, the company will also be launching a few climate-positive loan products.

Atmos Financial banking apps will directly link deposits to all the good things that the company is doing in the world. Atmos will pay higher rates and rewards for the privilege of using customers’ money to be able to accomplish its goals.

HOW DOES ATMOS FINANCIAL WORK?

Atmos Financial is an online-only financial platform that offers AtmosACTION, “the first high-performance savings account engineered to reverse the climate crisis.”

The said savings account allows depositors to hit two birds with one stone – earn high interest on a savings account, at the same time, be able to help address the climate crisis as Atmos Financial deposits specifically fund innovative technologies as well as infrastructure that help in combating the said environmental concern.

As mentioned in the earlier section, Atmos Financial measures the impact of customers’ deposits in tons of carbon dioxide removed annually.

While the company does not require account holders a minimum deposit or maintain a minimum balance, depositing more to your account results in a bigger climate impact.

Atmos Financial pays high interest on its savings accounts at the same time helps address the climate crisis by loaning money to companies with projects related to renewable energy, regenerative agriculture, electric transportation, weather resilience, building electrification, as well as energy efficiency overhauls.

ARE THERE FEES INVOLVED?

Given the work that Atmos Financial has, by now, you are probably wondering already about the costs involved.

So, in this part of our Atmos Financial review, we are going to talk about how much does Atmos Financial costs.

Atmos Financial does not charge a monthly service fee as other fintech companies do. In fact, Atmos did not mention on their website any fees that they charge.

Furthermore, the company does not require a minimum balance, which means you can keep whatever amount of money you want in your account.

Unfortunately, the AtmosACTION does not seem to include a debit card. In fact, there is no mention of ATMs and ATM fees on its website.

HOW TO OPEN AN ACCOUNT WITH ATMOS FINANCIAL?

If you are convinced with what Atmos Financial has to offer, then, let’s proceed to talk about the process of signing up for an account.

To get started, interested individuals may visit the Atmos Financial website.

Primarily, you will be asked to provide your first and last name, as well as your email address.

As you continue with the account application process, you will also be asked to provide your address and phone number. After which, you will be asked to verify the information you provided.

Similar to other financial institutions, make sure to keep a valid government-issued identification like a passport or driver’s license handy for verification purposes.

The whole process is simple and easy it should only take about a few minutes to finish.

Meanwhile, if you have a few more questions about how the company works and you’d want these questions answered before opening an account, you may do so by booking a 15-minute video conference meeting with a member of the Atmos Financial team.

IS ATMOS FINANCIAL SAFE?

Security features one of the major concerns among consumers especially when it comes to online-only banks or fintech companies like Atmos Financial.

Thus, it is just right that in this review on Atmos Financial, we also look into this.

Atmos fully understands how valuable your personal data is, which is why the company’s online platform is protected by state-of-the-art encryption techniques.

Your money is equally important. So, to ensure that whatever happens your account is secured, the AtmosACTION savings account is secured by the Federal Deposit Insurance Corporation (FDIC) through its partner bank, Evolve Bank & Trust. All AtmosACTION accounts are insured for up to $250,000 per depositor in case of a bank failure.

With all these in place, is Atmos Financial safe? Definitely, yes, it is.

WHAT ARE THE UPSIDES OF ATMOS FINANCIAL?

This Atmos Financial review will not be complete without a list of the things to like and not to like about this fintech company.

To start with, here are some of the upsides of Atmos Financial.

  • High-Yield Savings Account – One of the things that would make people choose Atmos Financial is that it offers a high-yield savings account. The rate varies depending on account balances. For balances of $9,999.99 and below, the rate is 0.41% APY; for balances amounting between $10,000.00 and $24,999.99, the rate is 0.46% APY; while for balances of more than $25,000.00, the rate is 0.51% APY.
  • Helps Address Climate Crisis – Atmos Financial is a fintech company that helps address the climate crisis by helping lessen the carbon dioxide releases of its customers, at the same time, by loaning money only with companies with projects supporting the same cause.
  • No Monthly Fees – Atmos Financial does not charge monthly fees and any other fees that banks and other financial institutions usually charge. This makes it an ideal choice for people who want high-yield savings account without having to worry about monthly charges.
  • No Account Minimums Required – Similarly, Atmos does not have account minimum requirements set as well. Although, the company encourages you to deposit more if you want a bigger impact on its environmental causes.
  • FDIC Insured – Although Atmos Financial is technically not a bank, it does offer deposit products through its bank partner Evolve Bank & Trust. With the partnership, all Atmos deposits are insured by the FDIC for up to $250,000 per depositor in case of a bank failure.

WHAT ARE THE DOWNSIDES OF ATMOS FINANCIAL?

In the previous section, we’ve given you a list of the advantages of using Atmos Financial. This time, here’s a list of some of the downsides of the said fintech company:

  • ATM Transactions May Not Be Supported – Based on the information on its website, it is unclear whether or not ATM transactions are supported or not.
  • Recurring Donations – Best annual percentage yield is available but requires recurring donations, which could be quite a lot for some depositors.
  • Online-Only – Similar to the majority of fintech companies, Atmos Financial is only available online, which means it does not have physical branch locations like what traditional banks have.
  • Lacks Information – Perhaps it’s because the company is relatively new, thus, if you visit its website, the FAQ page, in particular, is not as thorough as how FAQ pages of similar companies usually have. There is also a lot of missing information including how to deposit and withdraw money from your Atmos account.
  • Limited Products – Although Atmos Financial has lots of plans when it comes to product offerings, currently, it is only limited to the AtmosACTION savings account. The company has definitely had a lot of work to do.

FINAL THOUGHTS ON ATMOS FINANCIAL

Atmos Financial is a fintech company that focuses on making a mark in addressing the climate crisis. To do so, Atmos only focuses on providing loans to companies that have green initiatives, particularly those with projects related to renewable energy, regenerative agriculture, electric transportation, weather resilience, building electrification, as well as energy efficiency overhauls.

What Atmos Financial offers is definitely one-of-a-kind. While it understands the importance of saving money, it also makes sure it can help address environmental concerns, particularly climate crises.

Given the information we provided and what Atmos does, do you consider opening an account with them soon?

We do hope that through this Atmos Financial review, you can gauge whether or not it is right for you, at the same time, appreciate the thing that the company aims to achieve – particularly on its green initiatives.

Categories
Mobile Banking

Yotta Savings Review: Saving and Winning Money In One Mobile App

In this Yotta Savings review, you will see how this fintech company makes saving more interesting by adding a weekly chance to win a lottery jackpot.

Yotta Savings Review: Saving and Winning Money In One Mobile App

For many people, saving money whether it be in the bank or other financial institutions is a drag. They find it not worth it especially since the interests on savings accounts are usually low.

Ironically, some people would rather spend money joining or betting on lotteries instead of saving their money in the bank.

In fact, a report published by the United States Bureau of Labor Statistics says that from the third quarter of 2017 to the second quarter of 2018, Americans spent an average of $132.43 on lottery tickets.

Meanwhile, data from Statista says that in 2020, the largest lottery sales were in New York, generating approximately 9.74 billion U.S. dollars. This was followed by Florida as well as Texas, with lottery sales that amount to 7.5 billion and 6.7 billion U.S. dollars, respectively.

If you think about it, that’s a lot of money spent on lotteries. More so, that’s too much money spent on something that you are unsure of. After all, only a few wins the prize, right? The probability of taking home the prize is way too far, to be honest.

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Still, a lot of people are into it instead of saving that money on banks or other financial institutions instead.

But, what if you get the best of both worlds? You know, hitting two birds with one stone?

Sounds impossible? Does it seem like a crazy idea?

Well, apparently, you are wrong, because that is exactly what Yotta Savings is trying to address.

The company offers both savings, at the same time, provides its customers an opportunity to win the weekly lottery!

So, does the company do it? Well, you are going to find out as you go along this Yotta Savings review.

Specifically, this in-depth review will focus on providing answers to some of the most commonly asked questions about this online financial platform, which include:

  • What is Yotta Savings?
  • Who is Yotta Savings best for?
  • What does Yotta Savings offer?
  • How does Yotta Savings work?
  • Are there fees involved?
  • How to open an account with Yotta Savings?
  • Is Yotta Savings safe?
  • What are the upsides of Yotta Savings?
  • What are the downsides of Yotta Savings?

WHAT IS YOTTA SAVINGS?

Yotta Savings is a financial technology or fintech company that offers an alternative interest rate structure on savings.

Founded in October 2019 by Adam Moelis and Ben Doyle, this New York-based company provides a savings application with lottery elements, which makes it very unique to what other fintech companies offer.

Inspired by the United Kingdom’s Premium Bonds program, Yotta integrated gamification elements with traditional savings.

By using Yotta Savings, account holders get to save money, at the same time, have the chance to win a $10 million jackpot, along with a multitude of other prizes and rewards.

But the good things do not end with the lottery prize alone.

Yotta functions as a basic savings app that provides a relatively high annual percentage yield of up to 4%.

Yotta does not only provide customers with a fun take on savings app but that also provides customers a chance to hold their money in a high-yield savings account.

The good things about Yotta Saving continue —

Apart from the chance to win a lottery prize, as well as earn a high interest rate on a savings account, Yotta ensures that all deposits are safe in case of an unfortunate event.

Yotta Savings is insured by the Federal Deposit Insurance Corporation (FDIC), which means in the event of a bank failure, all deposits are insured for up to $250,000 per depositor, per account category.

Before moving on, if you want to know more about Yotta Savings, check this video by Brendan Fitness and Money:

WHO IS YOTTA SAVINGS BEST FOR?

Generally speaking, Yotta should appeal to individuals who want to take advantage of having basic savings account with a high annual percentage yield, at the same time, a chance to win a weekly lottery prize for free.

Additionally, Yotta Savings is also a good choice for people who do not want to worry about paying monthly fees or meeting account minimum requirements.

Yotta Savings is a fintech company, which means transactions are done entirely online. Thus, this app is great for people who prefer online banking and does not mind not having a physical branch to go to.

Because of the lottery aspect, this is a great opportunity for people who won’t win as much as $10 million every week without having to pay for anything! Basically, you earn 1 ticket for every $25 you deposit in your account.

WHAT DOES YOTTA SAVINGS OFFER?

Technically speaking, Yotta Savings is not a bank, but a fintech or neobank. However, thanks to its partner, Evolve Bank, Yotta Savings can provide banking services that are FDIC-insured.

With Yotta Savings, customers earn a small amount of interest plus cash-based prizes instead of earning cash interests.

Since Yotta Savings is a fintech company, everything is done entirely online. The app is accessible to both iOS and Android users.

Now, for a more thorough review, here’s what Yotta Savings has to offer:

Lottery Tickets

Yotta Savings is not your typical savings account. With every $25 that you save, you get a ticket into weekly number draws. So, if you deposit $100 for instance, you get 4 tickets every week for as long as you keep that amount in your account without making any new deposits.

A prize is chosen every Monday of the week at 9 PM EST.

What’s nice about Yotta is that, unlike the traditional lottery, customers do not lose any money at all. They just gain some if they win.

Meanwhile, picking numbers as well as handing out prizes is done by a third-party insurance company.

Savings Rewards

Yotta’s base savings reward is 0.20%. While multiple outlets have tried calculating how much the “average” could earn with Yotta in rewards, there has been no concrete result.

Nevertheless, effective rate calculations factor in the base rewards plus the winning prize from lottery tickets.

Currently, Yotta’s weekly lottery prize ranges between $0.01 and $10 million, including partial ticket matches that pay out small amounts of money.

Debit Card

Yotta Savings is launching its debit MasterCard soon.

What’s nice about it is that you get to earn tickets by simply using it. For every $10 spent, you will earn one ticket to the following week’s draw.

Additionally, there is a chance to win the item you have just purchased for free.

Cardholders will also be upgraded automatically to a premium metal card once they have made 10 referrals.

Referral Program

Each customer gets to have a unique referral code, which allows them to earn extra 100 tickets for the lottery.

Similarly, the person they are referring to will also earn the same number of tickets for the lottery.

HOW DOES YOTTA SAVINGS WORK?

Now that you already know what to expect from the Yotta app, this part of the Yotta Savings review will focus on providing you information on how the app actually works.

Using the Yotta Savings app is very simple and easy.

First, you make a deposit. You may deposit by simply choosing your bank to deposit from.

As mentioned, for every $25 that you save, you automatically earn one ticket into the weekly number draws.

If you deposit $50, then, you get 2 tickets every week for as long as you keep that $50 in your account without making any new deposits.

Second, for every Money, you need to pick 7 numbers for each of your tickets.

If you forget to pick your numbers before the draw, that’s fine. Your ticket will be automatically picked if you are not able to complete it in time.

Third, the draw is done every week with one number drawn every night at 9 PM EST. The final number is drawn on Sundays, and the winnings for the week are made.

Lastly, Yotta lets you earn up to $10 million every week!

If you want to earn more, you just got to match as many numbers as possible. However, if you match all seven numbers, you take home the $10 million jackpot with you.

It is important to know that Yotta Savings is primarily a savings account, which allows you to earn a 0.20% interest rate.

However, if you include the value of the current prizes, account holders could get up to 4% all-in on your savings, which is definitely the highest rate out there.

Ultimately, what makes Yotta unique is the fact that it allows its account holders to save in a separate account, at the same time, play the lottery without any risks involved.

Withdrawal Limits

Similar to other banks, Yotta Saving account holders are limited to six withdrawals only per statement period.

In addition, these dollar limits apply: $10,000 per day, $40,000 per month, and $100,000 per year.

ARE THERE FEES INVOLVED?

With all these opportunities and perks that Yotta Savings provide, you’d probably think it will cost you a lot to benefit from it all.

Well, guess what?

Yotta Savings does not charge any monthly service fee, as well as it does not require any minimum deposit or minimum balance requirements.

Furthermore, the app does not charge overdraft fees as well.

The only possible fee that you will be charged is ATM fees if you decide to make cash withdrawals.

However, the company says it is currently working on creating its very own in-network ATM system. So, sooner or later, customers will also get to enjoy free ATM transactions.

HOW TO OPEN AN ACCOUNT WITH YOTTA SAVINGS?

Now that you already know the most important details about the Yotta Savings app, this time, let’s talk about how to actually open a Yotta Savings account.

To start with, you have to download the Yotta Savings app, which is available for both iOS and Android devices.

Now, to sign up for a Yotta Savings account, similar to other banks, you will be asked to provide some basic personal and financial information such as your name, address, phone number, birth date, as well as your Social Security number.

Do not worry about seeing a hit to your score because Yotta will not pull your credit.

Once you are done creating your account, you will then be prompted to input your bank account details.

Please take note that Yotta requires account holders to have a US-based bank account. Otherwise, you will have to make one first before you can start using Yotta.

Yotta has no restrictions on which bank accounts to connect. However, it has to be a regular checking account from a bank based in the United States.

Yotta Savings has partnered with Plaid, which ensures you can connect any bank account to the app without any hassle.

IS YOTTA SAVINGS SAFE?

The safety of your money and your personal information is important to Yotta. That is why it has put all necessary safety and security measures in place.

First, Yotta Savings uses military-grade 256-bit AES encryption on all customers’ personal data and transfers information using secure SSL channels. With these security measures in place, hackers should have a hard time trying to get into your account.

Second, your money is not actually held with Yotta. This means that if the company goes under, creditors cannot come after your funds.

Lastly, as mentioned earlier, all deposits on Yotta Savings are FDIC-insured. Thanks to its partnership with Evolve Bank.

All accounts are insured for up to $250,000 per depositor, per account category in the event of a bank failure.

So, overall, the Yotta Savings app is very safe to use. Both your personal information and your money are well taken care of.

WHAT ARE THE UPSIDES OF YOTTA SAVINGS?

This Yotta Savings review will not be complete without sharing with you a list of the pros and cons of using Yotta Savings.

In this section, we are going to focus on the upsides of Yotta Savings first. This includes:

  • Excellent Savings Account – Yotta Savings’ base interest rate is 0.20%, which means no matter what, your money will grow. However, if you add the weekly cash bonuses, most account holders could end up earning as much as 4% (even more) APY on their accounts.
  • Unique Gamification Elements – Apart from providing you a basic savings platform, Yotta also takes advantage of the oddities of human psychology to incentivize people to save more money.
  • No Monthly or Overdraft Fees – Apart from the fact that Yotta provides a very unique way to make people save money by providing them a chance to win a prize at the same time, Yotta also makes saving stress-free by not charging monthly service fees or overdraft fees.
  • Free Weekly Lottery – Unlike typical lotteries, with Yotta, account holders need not worry about paying for lottery tickets, because they’re free! All you need to do is deposit money into your account. For every $25, you automatically earn 1 ticket for yourself.
  • Chance to Win Millions – Yotta Savings app provides each account holder the chance to win for up to $10 million every week. What’s nice about it is that you have chances to win without having to lose any at all. As mentioned, you earn a lottery ticket for every $25 deposit made.
  • Referral Bonus – Just when you thought the good things are over, well, not yet. If you refer a friend to Yotta, you instantly get 100 lottery tickets for free when they sign up and make an account. Furthermore, the same number of tickets will also be given to your friend/s.

WHAT ARE THE DOWNSIDES OF YOTTA SAVINGS?

In the above section, we’ve shared some of the highlights of Yotta Savings.

To complete our Yotta Savings review, here are some of the downsides of the app:

  • Entirely Mobile – Unfortunately, Yotta Savings is only accessible through its mobile app. Unlike other fintech companies, this does not allow you to access your account on a desktop computer. Good thing though as the app is very easy to use, and does not have major concerns.
  • Average Base Rate – If we are just going to look at the base rate, there are surely other banks and financial institutions that offer higher than that.
  • No Fee-Free ATM Network – As of this writing, Yotta Savings does not have a free ATM network. So, while it does not charge monthly service fees or overdraft fees, customers will have to deal with ATM fee charges instead.
  • Lack of Features – Yotta was created solely for savings. It does not offer any other traditional banking services like checking accounts, certificate of deposit accounts, or retirement accounts.

FINAL THOUGHTS ON YOTTA SAVINGS

Yotta Savings is a fintech company that offers savings account as well as an opportunity to win a weekly lottery prize of up to $10 million.

It’s a great option especially for people who love joining lotteries. What’s nice about Yotta is that you don’t lose anything. You earn a ticket for the lottery draw for every $25 deposited to your account.

Given all that Yotta Savings offers, do you think this is the right account for you?

Through this Yotta Savings review, we conclude that Yotta is definitely worth considering, especially for people who want to enjoy the benefit of having a savings account and a chance to win up to a $10 million lottery prize for free.

Categories
Mobile Banking

Level Bank Review: A Fintech With An Ideal High-Yield Bank Account

If you are focused on finding a mobile banking service provider that provides a high-yield bank account, then, you got to check this Level Bank review to see if this meets exactly what you are looking for.

Level Bank Review: A Fintech With An Ideal High-Yield Bank Account

Mobile banking is not new. In fact, it has been there for quite a while now.

However, back then, it was mostly the younger generations who get into online banking. Adults prefer traditional or convention banks. This is not surprising though because younger people are more explorative and they’re into anything digital, while the older ones are okay with what they are used to.

But things changed last year when the worldwide pandemic hit the country. A lot of people of all ages get into mobile banking since outside activities were limited.

Since then until now, and in the coming years, experts believe that online banking or the fintech industry will continue to grow.

According to Statista, as of February 2021, there is 10,605 financial technology (Fintech) startups in the United States. With such a number, it has made the region the most Fintech startups across the world.

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If the current trend will continue, and we mean people clamoring over online or mobile banking, there would be even greater opportunities for fintech companies.

Now, if you think about it, there are lots of options available. So, the question now would be, how to choose the best one for you.

Well, it will boil down to what your banking needs and preferences are. Knowing your needs and preferences will help trim down your options to make it easier to choose the one that’s for you.

As mentioned, there are a lot of mobile-centric service providers out there. But today, we are going to particularly focus on what Level Bank is and what it has to offer.

Level Bank is a fintech company that is known for providing a high-yield checking account.

In the next few sections, this Level Bank review will focus on providing answers to the following questions:

  • What is Level Bank?
  • Who is Level Bank best for?
  • What are the products offered by Level Bank?
  • How to bank with Level Bank?
  • Is Level Bank safe?
  • What to like about Level Bank?
  • What not to like about Level Bank?

WHAT IS LEVEL BANK?

When choosing a bank, in this case, a mobile banking solution, it is important to look into its history first.

This way, you get to see how credible and trustworthy the bank is, and of course, how stable it.

So, with that said, before we even talk about the technical stuff, here’s a quick backgrounder about Level Bank —

According to the founder of Zero Financial, the firm that owns Level Bank, Bryce Galen, “Level was built to challenge the status quo in banking and put an end to the era of big banks holding people’s money while giving them no interest, a clunky app experience, and frustrating customer service.”

Level Bank aims instead “to give customers dramatically better rewards and interest, a design-forward app, and superior customer support.” The company’s goal is to “revolutionize the way people engage with their finances on a daily basis.“

With Level Bank, all account holders are able to enjoy earning interest on their money, at the same time, are ensured that their deposits are safe because their money is insured by the Federal Deposit Insurance Corporation (FDIC) through its partnership with the Evolve Bank & Trust, which is a member of FDIC.

Furthermore, Level Bank offers “unlimited cash back on qualified purchases with your Plus or Premium membership, no overdraft fees or minimum balance requirements, and access to interest-free cash advances up to $500.“

In addition to that, customers can also “take advantage of ATM operator fee reimbursements worldwide (up to $4 per reimbursement), and the ability to get paid up to two days early.”

Level Bank is based in Walnut Creek, California.

If you are interested to know more about what Level Bank is all about, what to expect from it, and why it’s one of the bests, we recommend you watch the video below by Magnified Money:

WHO IS LEVEL BANK BEST FOR?

Now that you already know what Level Bank is all about, it’s time to look into who would benefit from it the most.

Generally speaking, Level Bank should be great for people who are open to adapting to new financial technology tools and services.

It would appeal to individuals who want debit card access, at the same time, earn cashback on purchases. Of course, it would also be appealing to those looking for a high-interest rate in a liquid account.

Additionally, Level Bank is ideal for people who want mobile banking, 24/5 customer support, as well as those who want to get away from banking fees.

WHAT ARE THE PRODUCTS OFFERED BY LEVEL BANK?

Now, we get into the most exciting part.

In the previous sections of our Level Bank review, we talked about what this fintech company is all about, and of course, who would benefit the most from it.

This time around, we are going to talk about one of the most important details you need to know – the products that the bank offers.

Level Bank is an online bank that provides customers with “cash management” services.

Although it may look the same as traditional checking accounts, its features are different.

With Level Bank, customers get to enjoy unlimited cash back on purchases, as well as a 0.50% annual percentage yield (APY) on deposits.

Unlike most credit cards that restrict cashback rewards to certain categories, Level Bank has no restrictions. Furthermore, the bank offers a no-fee service, which is definitely rewarding for customers.

For your information, Level Bank does not charge the following fees:

  • Minimum balance fees
  • Overdraft fees
  • Non-sufficient funds fees
  • Foreign transaction fees
  • Add-on ATM fees

Level Bank offers cashback rewards, and it is made available every after a transaction is completed. Thus, you get to enjoy your rewards as soon as you can.

Apart from that, Level Bank also lets you cash out your balance through Lyft and DoorDash.

The amazing thing is, all of these are doable by simply using the Level Bank mobile app.

Now, to be able to qualify for cashback rewards, it is important to note that purchases must be signature-based “credit,” which basically means they can’t be used for buying other debit cards, ATMs, or ACH transfers.

The Level Bank account comes in three different options. These are:

  • Level Standard
  • Level Plus
  • Level Premium

Now, let dig deeper into each of these to get to know them better —

Level Standard

The Level Standard account is basically the base level plan. It offers solid options at no cost at all.

With the Level Standard account, customers get to enjoy a 1.0% unlimited cash back on all qualified purchases using your Level Debit Card with qualifying direct deposits in the account every 31 days.

Also, customers who opt for this option get one ATM fee reimbursement, a $300 ATM withdrawal limit, as well as a 0.50% APY on deposits

Level Plus

If you want to enjoy better features, you may opt for the Level Plus option, which is the cheapest paid plan that Level Bank offers.

This account comes with benefits that slightly improve the Level Standard option.

All Level Plus account holders pay a monthly fee of $5, which when compared to other mobile banks out there is still lower.

Also, account holders get to enjoy 1.0% unlimited cash back, free cash advance of up to $150, three ATM fee reimbursements, as well as a $500 ATM withdrawal limit, limited merchant perks, message-based support, and of course, a 0.50% APY on deposits.

This plan is definitely a great option if you want to enjoy better features without having to spend so much on monthly fees.

Level Premium

The last but certainly not the least option of all is the Level Premium. Obviously, by the name itself, it means it provides customers the best features of all the three Level plans.

By opting for Level Premium, which entitles you to a $15 monthly fee, you get to enjoy several perks like a 1.5% unlimited cash back, a free cash advance of up to $150, five ATM fee reimbursements, $1,000 ATM withdrawal limit, as well as exclusive merchant perks, phone and message-based support, and of course, a 0.50% APY on deposits.

Customers get to enjoy discounts from exclusive merchants like Postmates, Lululemon, Spotify, Starbucks, and Sukoshi. Discounts are up to $25 for every merchant.

Meanwhile, for both Level Plus and Level Premium, ATM reimbursements are up to $4 per incident for the number of times listed.

By the way, all Level cards can be used at any ATM that accepts Visa cards.

HOW TO BANK WITH LEVEL BANK?

So, in the previous section of our Level Bank review, you already found out the products that this mobile banking service provider offers.

This time, we are going to talk about how to actually bank with Level Bank.

To open a Level Bank account, all you need to do is to visit the Level Bank website or download the mobile app, which is available for both Android and Apple device users.

Ultimately, though, you need to have a mobile device to use the services offered by Level Bank.

Anyway, when opening an account, similar to other banks, you will be asked to provide basic personal information including your name, address, mobile number, as well as your Social Security number. You should also have with you a government-issued identification like a driver’s license or passport for verification purposes.

Please note that the bank does not require any minimum deposit to be able to open an account, which means you can have an account with as little as $1.

It is also important to note that Level Bank customers can set up direct deposits for their paychecks into their Level Bank account. Generally, Level Bank posts the deposit on the same day the money is received, which means it could be up to two days earlier than the scheduled payment.

Fees

As mentioned in the previous section, for Level Standard, the bank does not charge any monthly fees. However, for Level Plus and Level Premium, the bank charges $5 and $15, respectively.

Meanwhile, for all three plans, customers are not charged overdraft fees, non-sufficient funds fees, low balance fees, as well as foreign transaction fees.

To be honest, this feature is great given the fact that a lot of mobile banks charge certain fees way more than what their competitors charge.

IS LEVEL BANK SAFE?

The safety and security of both your personal data and your money are important to Level Bank.

So, to ensure all your data is protected, Level Bank uses bank-grade encryption. More so, the bank is PCI-DSS v3.1 compliant, and also applies PCI standards when dealing with any sensitive information.

With regards to the Visa debit card, it comes with Visa protection, which means all protection that comes with using a Visa card — it’s called the Visa Zero Liability — applies to it. The card comes with built-in protection so you won’t be responsible should there be any unauthorized charges.

With Level Bank’s partnership with Evolve Bank and Trust, which is an FDIC member, all deposits are insured by the FDIC. This means FDIC insurance of up to $250,000 is provided per depositor, per account category in the event of a bank failure.

So, yeah, ultimately, Level Bank is very safe to use and to bank with.

WHAT TO LIKE ABOUT LEVEL BANK?

Now that we have already discussed all the important details about Level Bank – from what the bank is about to the products it offers and how to bank with them, it’s time to come up with a list of summary of the things that we like about Level Bank.

Some of the things that we particularly like about the bank are as follows:

  • Plan Options – We like the fact that customers are provided with three different plan options starting with a no monthly fee plan to the premium one. This helps reach out to more classes of people.
  • No Overdraft and Insufficient Funds Fees – Level Bank does not charge overdraft fees as well as insufficient funds fees, which makes it even more appealing for people who want to get away with these types of fees.
  • No Foreign Transaction Fees – Another plus for Level Bank is the fact that it does not charge customers for foreign transaction fees, making it a good choice for constant travelers.
  • Free Cash Advance of Up To $150 – This perk is another one that makes Level Bank stand. It’s nice knowing that the bank is able to provide a cash advance of up to this much.
  • Up To 1.5% Unlimited Cash Back on Debit Card Purchases – The percentage of cashback on debit card purchases is also something that makes Level Bank worth it. This perk, however, is only available for the Level Premium option.
  • Accessibility – Level Bank is a mobile bank, which means you can easily access your account anytime and anywhere you want for as long as there is an internet connection near you. Also, while it does have a website, you can only enjoy the services offered by the bank through its mobile application, which is available for both Apple and Android devices.
  • FDIC-Insured – Thanks to the bank’s partnership with Evolve Bank and Trust, which is a member of the FDIC, all deposits are insured up to $250,000 in case of a bank failure.
  • Bank-Level Security – Another thing that we like is that Level Bank uses bank-level security to ensure that all accounts are safe and secured from fraudulent acts as well as identity theft.

WHAT NOT TO LIKE ABOUT LEVEL BANK?

Of course, this Level Bank review will not be complete without sharing with you the downsides of this mobile banking platform.

Some of the things to not like (but hopefully can be improved on) about Level Bank are as follows:

  • No Physical Branches – As mentioned, Level Bank is a mobile bank, which means it does not have any physical branches. If you are the type who would want to avail the benefit of having mobile bank access as well as conventional or in-person bank access, then, this is not for you.
  • Does Not Allow Cash or Check Deposits – Unfortunately, Level Bank does not support cash or check deposits. But, who knows? Maybe the company is already working on it.
  • Limited Products – Apart from the Level Bank Account that comes with three different plans, Level Bank does not offer any other product or services. With very limited options, this trims down to a very specific customer base. But then again, we do not know anything. Maybe the bank will eventually offer a few more in the coming years?

FINAL THOUGHTS ON LEVEL BANK REVIEW

Level Bank is a fintech company that offers high-yield bank account. Although the products are limited to just one compared to other financial institutions of similar type, Level Bank makes sure customers are given options – from a free plan to paid ones.

Overall, do you think this is the kind of bank that suits your needs and preferences?

With this Level Bank review, we hope we are able to provide the information you need to see if it is indeed the kind of bank that you are looking for.

Categories
Mobile Banking

Aspiration Summit Checking Account Review: What Makes It Different

This Aspiration Summit Checking Account review will provide you information on what makes this product different from what other online financial firms offer.

Aspiration Summit Checking Account Review: What Makes It Different

According to the FDIC Survey of Household Use of Banking and Financial Services conducted in 2019, it was found that “nearly 95 percent of U.S. households (approximately 124 million households) were banked (i.e., had a bank or credit union account).” This was the highest number and percentage of households with bank accounts ever since the first survey was done in 2009.

Now, out of the many different kinds of bank accounts out there, checking accounts whether it be through a bank or a credit union offer the fastest and the easiest access to one’s money.

It is safe to say that checking accounts play an important role in a lot of aspects of life — whether it be receiving a paycheck or transferring money to another person’s bank account.

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But wait, what is a checking account?

Before we even specifically talk about the Aspiration Summit Checking Account, we thought it’s just right to explain what a checking account really is.

According to an article published by CNBC, “A checking account is a type of bank account that allows you to easily deposit and withdraw money for daily transactions. This may include depositing a check you receive, taking out cash with your debit card, or setting up direct deposit for your paychecks.”

Of all the bank account options out there, checking accounts are considered the most liquid of them all, which means if you want easy access to your money, this is the way to go.

There are a lot of banks – whether it be traditional or online – that offer a checking account. However, with the competition around, financial institutions provide other features that will appeal to consumers apart from the main functionality of a checking account.

It’s safe to say that these additional perks and features are where these accounts differ from one another.

So, now that you already know the functionality of a checking account, and you already know that banks compete with one another by providing additional perks and features, it’s time to talk about the Aspiration Summit Checking Account.

As stated earlier, as you go through this Aspiration Summit Checking Account, we promise to provide you everything you need to know about this particular account and a few about the provider of the product.

In particular, we are going to talk about the following in this Aspiration Summit Checking Account review:

  • What is Aspiration?
  • Who is Aspiration best for?
  • What are the products offered by Aspiration?
  • What is the Aspiration Summit Checking Account?
  • Who is Aspiration Summit Checking Account best for?
  • How to open an Aspiration Summit Checking Account?
  • What to like about the Aspiration Summit Checking Account?
  • What not to like about the Aspiration Summit Checking Account?
  • Is Aspiration safe?

That said, it’s time to start our review —

WHAT IS ASPIRATION?

First of all, let’s get to know the financial institution behind the Aspiration Summit Checking Account.

Aspiration is the leading fintech “neobank” in the country today. It was founded in 2013 and is focused on socially conscious and sustainable money.

To date, Aspiration has over 1.8 million fans, enabling them to make a huge impact in the financial industry.

Aspiration offers a variety of account options and is focused on rewarding its clients with cashback for purchases made from “ethical” companies.

Aspiration is held at one of its partner banks that offer FDIC insurance. Thus, all accounts are insured for up to $250,000 in case the financial firm fails.

Before moving on, if you want to know more about Aspiration, here’s an insightful review by Magnified Money:

WHO IS ASPIRATION BEST FOR?

Now, in the previous section, we shared with you some key information about Aspiration. This time, we are going to talk about who will benefit the most from it.

Generally speaking, Aspiration may be fitted for customers who want the convenience of banking online. Since it is not a brick-and-mortar kind of a financial institution, instead it’s a fintech “neobank,” everything is done entirely online.

Furthermore, Aspiration would appeal to those who do not want monthly maintenance fees on checking accounts, want to earn cashback on debit card purchases, avoid ATM fees, and lastly, it suits best to customers who want to do banking with a financial firm that focuses not just on the money but on sustainability as well.

WHAT ARE THE PRODUCTS OFFERED BY ASPIRATION?

Aspiration is a financial firm with very limited product offerings. Currently, it does offer checking and savings accounts, as well as managed investment portfolios and IRAs.

In the next few sections, we are going to tell you more about the Aspiration Summit Checking Account.

Meanwhile, just to give you an idea, here’s a short briefer on the Aspiration savings account —

Aspiration Save Account

This savings account is ideal for consumers who already have a checking account elsewhere but needs another account to save money.

This account allows depositors to earn up to 1.00% annual percentage yield (APY) on the first $10,000 in the account. To earn the 1.00% APY, you have to have at least $1,000 monthly spending with your debit card, and that you must have an Aspiration Plus Account, which means account holders have to pay a monthly or annual fee.

If you want to know more about this product, all you need to do is head on to the Aspiration website.

WHAT IS THE ASPIRATION SUMMIT CHECKING ACCOUNT?

As mentioned in the previous section, here we are going to dig deeper into the very reason why we are doing this review — the Aspiration Summit Checking Account.

In this part of our Aspiration Summit Checking Account review, we are going to dissect what this account is all about.

Obviously, the Aspiration Summit Checking Account is a checking account offered by Aspiration.

This product is backed by Radius Bank, a partner bank of Aspiration, which makes it an FDIC-insured account.

This checking account comes with a Radius debit card that can be used just about anywhere.

Contrary to other online checking accounts, the Aspiration Summit Checking Account does not require a minimum amount of debit transactions to enjoy the fee-free feature.

More so, Aspiration Summit Checking Account does not have minimum balance requirements, which is definitely a plus.

While all these sound good in the ear already, there’s more.

As mentioned earlier, Aspiration is not just concerned about the impact it gives to the financial industry, but also to the society. That is why it is quite intriguing that 10% of all revenue that Aspiration gets goes to charity.

You are probably wondering how all these good things are even possible, right?

Well, here’s the catch — Aspiration Summit Checking Account is sadly not available for everyone.

To be an Aspiration Summit Checking Account holder, you must receive an invitation.

But don’t worry, anyone can try their luck. All that’s needs to be done is to submit a form with personal information. Make sure, however, that you are a citizen or a permanent resident of the United States, at least 18 years of age, and have a Social Security number. Additionally, you must have an existing checking or savings account.

A few days after, the financial firm will send you an invitation to join.

Once you are an Aspiration Summit Checking Account holder, you will get to enjoy the following benefits:

  • 1.00% APY for accounts with more than $2,500 balances, or 0.25% for those with less than $2,500 balances
  • No monthly fees and no minimum balance requirements
  • Free use of an ATM whether it be locally or internationally

As of this writing, we could not think of a similar financial institution that offers the same type of privileges. It’s very rare to find a high-yield checking account out there, more so, an account that offers free ATM use worldwide.

WHO IS THE ASPIRATION SUMMIT CHECKING ACCOUNT BEST FOR?

There is so much to love about the Aspiration Summit Checking Account, that’s for sure. But the question is, who would benefit from it the most? Who’s most ideal for it?

Well, based on the information we gathered and shared with you in the previous section, the Aspiration Summit Checking Account would be appealing for customers who:

  • Want to earn a high annual percentage yield (APY) on a checking account
  • Can maintain at least $2,500 balances to earn the highest rate possible
  • Want to enjoy features like no monthly fees and no minimum balance requirements
  • Usually, travel in and outside of the country, and want to enjoy fee-free ATM transactions worldwide

If you fall in any of the above-mentioned, or that you are all of it, then Aspiration Summit Checking Account is perfect for you. You should submit a form now and expect an invitation in a few days.

HOW TO OPEN AN ASPIRATION SUMMIT CHECKING ACCOUNT?

Generally speaking, the primary methods of banking with Aspiration are either online or via the mobile app. But again, since the firm provides ATM access, account holders are able to make withdrawals and check balances at Allpoint ATMs free of charge.

To open an account with Aspiration, all you need to do is go online and visit their website.

Meanwhile, to open an Aspiration Summit Checking Account, as mentioned previously, you need to get an invitation from the bank.

While it sounds daunting, the process is not as tedious as you might think. You just have to send a form with your personal information in it, and wait for a few business days for the invitation.

Once you receive the invitation, you can proceed with the account application process, and once approved, start banking with Aspiration.

As mentioned, earlier, make sure you meet the following requirements to qualify for the Aspiration Summit Checking Account:

  • At least 18 years old
  • Must be a citizen or a permanent resident of the United States
  • Must have Social Security number
  • Must have existing savings and checking account

Similar to other products offered by Aspiration, this account comes with an ATM so you can access your account anytime, anywhere. As mentioned, one of the perks that Aspiration account holders enjoy is fee-free ATM access not only across the country but the world as well.

Aspiration does not have a physical branch, thus, all its account holders, including those of Aspiration Summit Checking Account may access their account through its mobile app, which is available for free in the iTunes store.

The mobile app comes with a number of useful features, which includes:

  • Mobile check deposit
  • Easy fund transfers between Aspiration and your other bank accounts
  • Bills payment
  • Send a check to another person
  • To-the-minute balance & transaction tracking
  • 3D Touch QuickActions (on supported devices)
  • Touch ID that allows you to sign-in to your account with your fingerprint
  • Two-factor authentication for stronger security
  • Compatibility with Apple Pay, Mint, PayPal, and Venmo

Additionally, the mobile app also allows you to make “tips” to Aspiration. No pressure, though, you can always choose zero if want to.

WHAT TO LIKE ABOUT THE ASPIRATION SUMMIT CHECKING ACCOUNT?

This Aspiration Summit Checking Account review will not be complete if we are not going to share with you a list of summary of the things that we particularly like about this checking account.

This would greatly help undecided customers in weighing their options, and seeing if the Aspiration Summit Checking Account is worth it.

So, with that, here are a few things we like about the Aspiration Summit Checking Account:

  • High Annual Percentage Yield – Aspiration Summit Checking Account holders earn 1.00% APY with more than $2,500, while those with less than $2,500 still earn but at a lower APY of 0.25%.
  • No Monthly Fees – While this is not unique to the Aspiration Summit Checking Account, having no monthly fees is definitely a plus.
  • No Minimum Balance Requirements – Another feature that the Aspiration Summit Checking Account offers is that it does not have minimum balance requirements, which is contrary to most online banks that offer checking accounts out there.
  • ATM Access – Unlike some online checking accounts, the Aspiration Summit Checking Account comes with a Radius Bank card that allows account holders to access their money anytime, anywhere.
  • Free ATM Use Worldwide – If there is one that is unique to the Aspiration Summit Checking Account, it would be this. Aspiration Summit Checking Account holders may enjoy fee-free ATM access anywhere in the world.

WHAT NOT TO LIKE ABOUT THE ASPIRATION SUMMIT CHECKING ACCOUNT?

In the previous section, we provided you with a list of things we like about the Aspiration Summit Checking Account.

To complete everything, in this section, we are giving you the things that we do not like about the checking account, which includes the following:

  • Online-Only Account – Generally, Aspiration is an online financial firm, which means it does not have a physical branch location. Thus, obviously, Aspiration Summit Checking Account holders can only access and manage their accounts online. Although, as mentioned, account holders may withdraw through ATM.
  • By Invitation Only – Unlike other checking accounts offered by similar online financial institutions, customers can only open an Aspiration Summit Checking Account if they receive an invitation. While the process is not as tedious as you think, it still is quite a hassle for potential customers.
  • Bank Account Requirement – One of the qualifications to be able to get invited and qualify for an Aspiration Summit Checking Account is to have an existing savings and checking account, which makes it not ideal for those who do not have existing bank accounts.
  • Balance Requirement to Earn High APY – To earn the highest APY possible, account holders must at least have $2,500 on balances, which, to be honest, is big as compared to what other online checking accounts require.

IS ASPIRATION SAFE?

Aspiration is an entirely online financial firm, which means the Aspiration Summit Checking Account is only accessible online apart from its ATM features.

With that said, perhaps one of your concerns would be the safety and security of your account.

To ensure that all accounts – including checking accounts – are protected, Aspiration has incorporated standard online banking safety and security measures. Additionally, the app also comes with a two–factor authentication for stronger security. Needless to say, it has a touch ID feature that allows account holders to sign-in using their fingertip.

Aspiration also partnered with FDIC-insured banks to ensure that all accounts are protected in case the firm fails. For the Aspiration Summit Checking Account alone, it is backed by Radius Bank.

FINAL THOUGHTS ON THE ASPIRATION SUMMIT CHECKING ACCOUNT REVIEW

Aspiration Summit Checking Account is one of the few account offerings of Aspiration, the leading fintech “neobank” in the country today. It offers a number of amazing features including high-interest rate (which is not very common among checking accounts), no monthly fees, no minimum balance requirements, and the best of all, fee-free ATM access not only across the country but the world as well.

While it does have a lot of things to like about, unfortunately, unlike other online checking accounts, you only get to qualify for an Aspiration Summit Checking Account if you get an invitation from the bank by sending a form with your personal information in it.

So, with all that’s been said, do you think the Aspiration Summit Checking Account is right for you?

To conclude, we hope that this Aspiration Summit Checking Account review helped you appreciate what makes this product unique from other checking accounts in the market, and see if it fits you.