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Atmos Financial launches account control, mobile app gives consumers climate-positive control over personal finances

Atmos Financial launches account control, mobile app gives consumers climate-positive control over personal finances

BERKELEY, California- (BUSINESS MANAGEMENT) -Atmos Financial, a climate fintech company that leverages bank deposits to fund the transition to clean energy, today launched a groundbreaking checking account that allows customers to use their cash deposits to reverse global warming.

Bank deposits are among the largest sources of loans – about $ 17 trillion in the United States alone. Yet most banks – even those that promise to take climate action – do not care if their loans exacerbate the planet’s climate crisis.

Atmos Financial repeals this approach: The digital bank guarantees that all customers’ deposits only go to those projects that achieve measurable, climate-positive effects. In short, Atmos Financial empowers individuals to take direct, meaningful action against climate change.

Signing up for Atmos Financial takes less than two minutes. And while climate efforts are all too often associated with sacrifice — or, conversely, high costs — Atmos Financial has custom-built its products to ensure consumers do well by doing well, from industry-leading savings to competitive repayments and its no-minimum checking account.

The full package of climate-positive financial products, including those available via the Atmos Financial mobile app, includes:

  • Atmos savings accounts, which offer fee-free banking, industry-leading savings rates of up to 0.40% – and as much as 0.51% when making monthly recurring donations to selected charities via the Atmos mobile app.

  • Atmos debit cards with up to 5% left on purchases from sustainable brands and unlimited free withdrawals at Allpoint ATMs.

  • Atmos account accounts, with no minimum balance requirements, no monthly fees and the ability to link up to three external bank accounts to integrate your new account into your existing personal finance accounts.

“Banks and the loans they finance with consumer deposits finance our buildings, our cities, our infrastructure – and all of this has a carbon impact. And because the banks are the ones who decide who gets funding and who doesn’t, they have among the biggest carbon impacts from any sector, ”said Atmos co-founder Peter Hellwig. “By launching our checking accounts and debit cards, Atmos is arming millions of Americans with the power to take immediate, direct action against climate change.”

With deposits insured through FDIC-insured Evolve Bank & Trust, Atmos ‘lineup of consumer banking products guarantees that customers’ deposits are used solely to reduce collective emissions by financing clean energy, electrification or regenerative agriculture. Proceeds from these loans will then be used to offer its average savings rates across the industry — as well as extra cash back on purchases from sustainable brands and a fee-free donation platform to climate-focused nonprofits.

“Every dollar we derive from extraction industries such as fossil fuels and towards clean energy is crucial to achieving our mission of financing the rapid transition to a clean economy for all,” said Atmos co-founder Ravi Mikkelsen.

Atmos now accepts applications for their checking account along with savings and debit products. Sign up for a new, climate-positive checking account in less than two minutes at

About Atmos Financial

Atmos Financial is a climate fintech bank that utilizes deposits to finance the reasonable transition to a regenerative economy. Launched in January 2021 in Berkeley, California, Atmos has a high-performance online savings account and offers FDIC-insured financial products to consumers who invest exclusively in clean energy, regenerative agriculture and energy transition projects.

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