How your Aspiration accounts transfer at death depends on how each one is titled and whether a beneficiary is on file. Getting these details right keeps assets out of probate and ensures they reach the intended recipients.

Account holders can update their beneficiary designations at Aspiration by phone.

There are two sides to estate planning at Aspiration: setting things up while you're alive, and the process survivors follow after a death.

Preparing your estate

Beneficiaries and trust funding

How to update beneficiaries by phone, and review 4 account types at Aspiration.

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When someone dies

Death claim process

6-step process, 5 required documents, and contact information for survivors.

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Frequently asked questions

The Redwood Fund (ticker: REDWX) is a fossil-free ESG mutual fund available exclusively through the GreenFi platform. It is managed by UBS Asset Management (Americas) Inc. and invests in companies with strong environmental, social, and governance practices. The fund has an expense ratio of 1.30%. It is available in taxable and IRA (Traditional and Roth) account types.

Aspiration rebranded to GreenFi on April 22, 2025. The consumer banking division was separated from Aspiration Partners (which filed for bankruptcy in 2025) and acquired by Mission Financial Partners in February 2024. Coastal Financial Corporation acquired the GreenFi brand in January 2026. Deposit accounts remain FDIC-insured through Coastal Community Bank up to $1 million per depositor via the four-bank sweep network. Existing accounts, services, and terms remain unchanged.

Planet Protection is a feature included with GreenFi Plus ($7.99/month or $5.99/month billed annually) that automatically offsets the carbon dioxide from every gallon of gas purchased using the debit card. GreenFi tracks gas station purchases, estimates gallons consumed using local averages, calculates CO2 emissions via EPA data, and purchases carbon offsets quarterly to counteract driving impact. All offset projects are verified by organizations such as the Verified Carbon Standard and Gold Standard.

GreenFi deposit accounts are FDIC-insured through Coastal Community Bank, Member FDIC. Balances up to $250,000 are insured directly. For balances over $250,000, Coastal Community Bank sweeps excess funds to three additional FDIC-insured depository institutions (SMBC MANUBANK, Metro City Bank, Amalgamated Bank), providing coverage up to $1 million per depositor across four banks.

The base Pay What Is Fair account has no mandatory monthly fees. GreenFi Plus costs $7.99 per month or $5.99 per month billed annually ($71.88 per year). There are no overdraft fees. Domestic and international wire transfers cost $10.00 each. Foreign transactions incur a 1% fee. A $5.00 account inactivity fee may apply to dormant accounts. Out-of-network ATM withdrawals may be subject to third-party fees; GreenFi Plus members receive one out-of-network ATM fee reimbursement per month.

To earn 1.00% APY on Pay What Is Fair (or 3.25% APY on GreenFi Plus) on Save balances up to $25,000, you must either receive a qualifying direct deposit each month or complete $500 or more in qualifying debit card transactions monthly. Money transfer vendors such as CashApp, Venmo, and Facebook Pay do not count toward the $500 spending requirement. Balances over $25,000 earn 0.00% APY on the standard tier or 0.25% APY on GreenFi Plus. Rates are variable and subject to change.