Atmos Financial Launches Checking Accounts Mobile App Giving Consumers Positive Climate Control Over Personal Finances

BERKELEY, Calif.–(COMMERCIAL WIRE)–Atmos Financial, a climate fintech company that leverages bank deposits to finance the clean energy transition, today launched an innovative checking account that allows customers to use their cash deposits to reverse global warming.

Bank deposits are among the largest source of lending capital – some $17 trillion in the US alone. Yet most banks, even those that commit to climate action, don’t distinguish whether their loans are worsening the planet’s climate crisis.

Atmos Financial is changing this approach: the digital bank ensures that all deposits from its clients only go to those projects that are achieving measurable and positive impacts for the climate. In short, Atmos Financial is uniquely empowering people to take direct and meaningful action on climate change.

Joining Atmos Financial takes less than two minutes. And while climate action is too often associated with sacrifice, or conversely high costs, Atmos Financial has designed its products specifically to ensure consumers do well by doing good, from leading savings rates in the industry up to competitive cash back offers and their no-minimum checking account.

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

  • Atmos Savings Accounts, offering free banking, industry-leading savings rates of up to 0.40%, and up to 0.51% when you make recurring monthly donations to select charities through the Atmos mobile app .

  • Atmos debit cards, with up to 5% cash back on sustainable brand purchases and unlimited fee-free withdrawals at Allpoint ATMs.

  • Atmos checking 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 with 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 banks are the ones who decide who gets financed and who doesn’t, they have one of the largest carbon impacts of any sector,” said Atmos co-founder Peter Hellwig. “By launching our checking accounts and debit cards, Atmos is giving millions of Americans the power to take immediate and direct action on climate change.”

With deposits insured through FDIC-insured Evolve Bank & Trust, Atmos’ line of consumer banking products ensures that its customers’ deposits are used exclusively to reduce collective emissions by financing clean energy, electrification or regenerative agriculture. Returns from these loans will be used to offer its above-industry-average savings rates, as well as additional cash rebates on purchases from sustainable brands and a no-fee donation platform for climate-focused nonprofits.

“Every dollar we divert from extractive industries like fossil fuels to clean energy is critical 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 your checking account, along with savings and debit products. Sign up for a new climate-positive checking account in less than two minutes at JoinAtmos.com.

About Atmos Financial

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

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