Cash Management Systems

New way to finance

by Author .

Everyone wants to help you keep your money safe nowadays. The funny thing is they also want a piece of every dollar you earn. This has been the way of life since the first banker came around. 

 

Well, that truth is now at risk. Cash Management Systems are the new revolutionary approach to managing, saving, and spending your money. The digital world has impacted every industry – especially banking.  Cash is no longer king. At least not when it comes to easy access to services and products. Online purchasing and businesses have boomed because Americans prefer a seamless purchasing process to the brick-and-mortar approach. Companies like Amazon and Walmart have made it clear that folks prefer to shop from the comfort of their own home while watching tv and drinking ice tea. Saving time from the commute, parking, and fuel all equal more money for other needs and time for better activities. 

 

Cash Management Systems have understood what the basic consumer wants. It all comes down to 4 factors:

  1. Keep their money safe
  2. Have easy and quick access to ATMs or purchases
  3. Get high rewards
  4. Drastically reduce pesky hidden and maintenance fees

We can all agree these are fundamental for Americans to even consider changing their bank. But what if they could do much more for you? What if they could reward you for your shopping and spending trends and agree with the causes that you believe in?

 

One of these Cash Management Systems has decided to do so. They have rethought the traditional banking and online banking industries. Instead of thinking of themselves first, they have decided to think of the planet first.
I know, an environmentally friendly bank? Sounds like an oxymoron. Well, it’s a reality. They have decided to impact the environment and help you be conscious as well. They are called Aspiration and they have a bold proposal for all folks who are into hugging trees. You don’t have to be a full-blown environmentalist to get behind this idea – and the reason why is because they also offer better rewards and benefits than 99% of their competitors. Regardless of whether you believe in climate change or not, we all agree that cashback for purchases is the next best thing after elevators. 

 

Aspiration offers 10% cash back on debit card purchases, they also offer 1.00% APY on your savings. They have a fair fee for managing your cash and ask you to propose what you would like to pay. Meaning there’s no scary bank forcing their policies and fees down your throat. It seems like a taboo concept, consensual banking. So Aspiration helps you track your carbon footprint by showing you how your spending habits impact the environment. They also provide extra cashback for purchasing from socially conscious businesses. 

 

Now, I hope you know that your bank rounds up every purchase you make to the nearest dollar and add those cents to a savings account that goes unnoticed 9 out of 10 times. Aspiration puts those cents to good use and plants a tree with them. Imagine being more environmentally conscious as you shop. It seems like an alien and odd way to do banking, or is it the right way that we have all done wrong for so many years? 

 

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