Remember when getting a new bank account meant driving to the bank, meeting with a banker and opening an account with a minimum of $25?
Scary times. Thankfully, that kind of madness is behind us.
With the Aspiration Spend and Save Account, you can get started without even leaving your house. Oh, and the cherry on top? This online-only account has no monthly minimum balance, no monthly service fees* and an APY up to 2.00%.
You’re 5 Minutes and $10 Away From Never Paying a Bank Fee Again
Here’s all it takes to get an Aspiration Spend and Save Account:
- Enter your email address.
- Set aside five minutes to complete the application, and $10 to open the account.
- Link an existing bank account.
Now, let’s talk pesky bank fees.
The average cost of taking cash from an out-of-network ATM is $4.68, according to a recent Bankrate survey.
That doesn’t seem like much, but those fees add up — and you’re getting charged to access your own money.
With this account, you can start living a fee-free life in minutes. (Plus, no more driving around looking for an in-network ATM).
Don’t Let Your Money Miss out on All These Perks
Another thing those old accounts didn’t offer? Perks.
With an Aspiration account, here’s what else you’ll get:
- You’ll earn up to 2.00% APY on your savings balance, plus 0.5% cash back on Aspiration debit card purchases.
- ATM fees across the world are 100% refundable. Aspiration automatically reimburses you a couple days after you’re charged.
- Choose what you pay each month — even if that’s $0.
Ready to give your money management an upgrade? To open your new Aspiration account, simply connect your existing bank account, then transfer over as little as $10.
And, voilá! You’ve scored a new account — sans the madness of the old days.
*Aspiration Partners, Inc. and its affiliates are committed to “All Extra Services Provided at Cost,” meaning that it’ll only charge you what it costs them to provide the extra service (such as a wire transfer), and not a penny more. Besides these at-cost service charges, the only account fee you pay is the fee you choose, even if it’s $0, which is why it’s called Pay What Is Fair.
Farrah Daniel is an editorial assistant at The Penny Hoarder. She’s really starting to kick herself for having an account with a below average APY.