Current Reviews

Account Types

Current likes to keep things simple, focusing on providing a high-quality checking account and savings account option. There’s also a checking account dedicated to teenagers. Here’s a closer look at the main options at Current:

Current Checking Account

Current offers a secured credit card that allows you to build credit with every purchase that you make. AutoPay allows you to make sure that you never miss a payment. Current doesn’t conduct credit checks, meaning that even people with a poor credit history can get up and running without issues.

While you can only use the Build card to spend money in your account, you make repayments like you would on a typical credit card to build your credit.

The Build card also allows you to earn up to 7x points when you spend money at 14,000+ merchants. These points will then be redeemable for cash back. There is the option to otherwise get a regular Visa debit card.

Both options provide access to 40,000+ in-network ATMs with no fees. A $2.50 charge is in place for out-of-network ATMs in the US and $3 when overseas. You can add cash to your account through more than 50,000 stores for $3.50 per transaction.

You can quickly deposit checks through the app without having to use an ATM or physically visit a bank. The app also provides you with interesting insights into your spending.

There is also a direct deposit feature that allows you to access your paycheck up to two days quicker than traditional bank accounts. You’ll also be able to set up an overdraft that does not carry any fees if you have made at least $500 in qualifying deposits over the previous 30-day period.

Current customers won’t face any minimum balance fees, bank transfer charges, or annual account fees. Late payment fees can apply.

Current Teen Checking Account

Current offers a checking account that is tailored to teenagers. It allows parents to give some level of financial freedom to their children and teach them good habits. This is presented in an easy-to-use manner and parents can closely monitor the activity.

The Teen account supports the instant transfer of money, as well as allows parents to block certain merchants and set up spending limits. Notifications can be set up and there’s even an option for parents to assign chores to their kids through the app and automate allowance payments. Teens won’t be able to earn any cash-back points for their purchases.

A similar fee structure to the main checking account is in place, including no minimum balance requirement, no transfer fees, and access to over 40,000 fee-free ATMs.

Current Savings Pods

Current allows people to earn interest through ‘Savings Pods.’ You’re able to create as many as three pods and you’ll be able to earn up to 4% APY on these funds. The max you can earn the 4% APY on is $2,000 per pod.

You won’t earn interest on the excess balance. People will need to make a monthly qualifying direct deposit of more than $200 to get the 4% APY and there is no minimum balance requirement. If you don’t make the qualifying direct deposit, then you’ll get a 0.25% APY.

You will need to have a Current checking account to set up a Savings Pod. Then users can add money in three ways to a pod. Current allows users to round up debit card purchases to the nearest dollar, with the additional amount going straight into a Savings Pod.

There’s no cap on how many transfers you can make in and out of Savings Pods, while interest accrues daily