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The Best Environmentally Friendly Banks

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This article showcases our top picks for the Best Environmentally Friendly Banks. We reached out to industry leaders and experts who have contributed the suggestions within this article (they have been credited for their contributions below). We are keen to hear your feedback on all of our content and our comment section is a moderated space to express your thoughts and feelings related (or not) to this article This list is in no particular order.

City First Bank

This product was recommended by Rob Greene from Price of Meat

It’s a non-profit bank that was set up to benefit poorer communities by investing in small businesses in aid communities to provide employment opportunities for people and communities that are overlooked by traditional banking. It invests in, and provides, safe and affordable housing for working-class families and believes in supporting the arts in communities that are, again, usually ignored by the multinationals. Its ethical operational model has ensured that City First is one of the most ecologically, socially, and environmentally friendly banks in the United States.

Aspiration

This product was recommended by Karel Jan Kosman from Quires Investments RLLLP

Debit and credit card holders can participate in a planet-saving tree-planting program. Aspiration works with leading reforestation partners around the world. Its community plants more trees than there are in New York’s Central Park every day. Trees are also saved by not having to order books of payment checks. Instead, instruct Aspiration directly from your account each time you want to make a payment. They’ll mail a check using recycled paper to your payee at no cost (you even save on postage).

Spring Bank

This product was recommended by Rick Nehora from California Law Firm

Spring Bank implements sustainability by torching the light on saving, reducing paper use, and increasing the use of digital platforms. The bank proclaims its certificate B title, reducing carbon use and going towards a greener environment. The most promising thing about the bank’s making it eco-friendly is its greener investments and its lookout for companies dealing with fossil fuels. The cooperation of people-friendly personal banking and non-profit banking aims to deal with economically stressed communities for a better future.

Triodos Bank

This product was recommended by Annette Clubley from A More Sustainable Home

Triodos Bank is an ethical bank providing services to individuals, businesses and charities. They only lend money to ethical businesses. Those that impact on people’s lives, communities or the planet, e.g. Thrive Renewables who are setting up renewable energy projects across the UK and supporting charities for those on low incomes. They ask businesses, whatever the size, to demonstrate how they will have a positive impact before lending to them. Triodos Bank also works closely with charities to help them raise funds.

Citibank

This product was recommended by Franceen San Andres from CocoLoan

Citibank is a leading global bank with a strong presence in over 160 countries. It has a wide range of products and services to offer its clients, including credit cards, loans, savings and investment products. Citibank is known for its innovative products and services, as well as its commitment to providing excellent customer service.

Ando

This product was recommended by Hannah Chen from Smart Singapore

Ando only invests in products that reduce carbon emissions and eliminate greenhouse gasses. Traditional banks invest your money in the fossil fuel industry, whereas Ando only invests 100% of customer deposits in companies dedicated to combating climate change. Ando was founded on the principle of complete transparency; you’ll always know how your money is being spent. Because Ando believes in putting money in your pocket rather than taking it out, all of their premium banking features are completely free.

Amalgamated Bank

This product was recommended by Lorie Carson from Real People Finder

Amalgamated Bank is a certified B-Corp and a GABV member. It is the first bank owned by a credit union. The bank has a history of prioritizing human rights and currently contributes to numerous charities, nonprofit organizations, and social businesses. Climate change, immigrant rights, workers’ rights, criminal justice reform, gun safety, LGBTQ+ rights, and reproductive rights are a few of the causes Amalgamated Bank supports.

Discover Bank

This product was recommended by Lorie Carson from Real People Finder

This full-service online financial institution is great for banking. It offers direct deposits, mobile deposits, money transfers, 0.4% APY on your entire balance, no overdraft fees, monthly maintenance fees, minimum deposits, or any other hidden costs. No entity has directly certified it as an ethical financial institution. It still makes a significant contribution to society, nevertheless. Discover has spent more than $14 million, including $1 million specifically in Chicago Public Schools, to promote financial literacy to high school students.

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