Aspiration is totally legit but it’s not a bank. Like most other online banking platforms, Aspiration is a financial technology company that partners with FDIC-member banks to hold and insure your money. It partners with up to 10 institutions, which means you have access to more FDIC insurance than you would with most banks, up to $2 million. Aspiration accounts are offered through Aspiration Financial, LLC, an investment broker, and insured through its Insured Bank Deposit Program.