Nevertheless, checks haven't quite died out yet. The Federal Reserve reported that the number of checks written in 2015 was approximately 18 billion. Sometimes, a landlord may insist on a more traditional rent collection method. Maybe you're the owner of a small company that regularly processes check payments.

Aspiration is not a chartered bank but a financial services company. To encourage clients to shop at ethical businesses and get cash back, the company provides a choice of accounts. Aspiration's FDIC-insured partner banks hold the money users deposit through Aspiration.