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Current Bank Reviews


bestfor-icon Excellent APYs with no fees

Written by Steven Walters

About Current bank | Read More


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  • support@current.com
  • +1 888-851-1172
  • Headquarters: 217 Centre Street Suite 180 New York, New York, 10013, United States
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Current bank Online Banking Review

Current operates as a neobank, partnering with a traditional bank to ensure FDIC coverage for its users’ deposits. Customers primarily interact with their accounts via the Current mobile app, which features a rewards debit card and a 4.00% interest rate on Savings Pods. However, this attractive rate comes with certain restrictions, and the bank offers limited customer support avenues.

Current bank Online Banking Highlight

No minimum

Min Deposit


ATM Network


Other Fees

Online Banking Savings

No minimum

Min Deposit

Max 4%

Min APY Savings

Online Banking Checking

No minimum

Min Deposit

Max 4%

Min APY Checking

Business Online Banking

No minimum

Min Deposit

Max 4%

Min APY Business

Pros & Cons

  • con-icon Cost-effective
  • con-icon Early access to paycheck
  • con-icon Payments rewards program
  • con-icon No way to earn interest
  • con-icon No overdraft on basic account

Account types

  • Checking
  • Savings
  • Certificates of Deposit (CD)


Account Yield
Basic Account 4% APY up to $6,000
Teen Account 4% APY up to $6,000


Features Benefits & Rewards

  • 4% APY
  • No monthly fees or account minimums
  • Earn rewards shopping with over 14,000 merchants
  • Invest in cryptocurrencies with as little as $1

Opening An Account With Current

Opening a current account takes just a few minutes and requires very little information. All you need is your name, your social security number, a U.S. address, and your mobile phone number to start earning more.

With your mobile phone number, you can get started right away on the Current homepage.

Despite what you see here, these steps are very simple and take seconds each to complete. The entire process can be completed in under 5 minutes for most people.

State Availability

- Available in all states

Steve has been writing in the financial products space for over a decade, with interests ranging from personal loans to investing. He is also deeply into the blockchain space. In his free time, you can find him in the kitchen preparing delicious meals, or outside hiking and biking.



Is Current FDIC insured?

Current does have FDIC insurance up to $250,000 per depositor for all its accounts through Choice Financial Group.

Can I use my Current debit card at any ATM?

Current has a network of over 40,000 fee-free ATMs across the U.S. Current charges a fee of $2.50 for out-of-network ATM use. While you can withdraw cash via an ATM, you cannot deposit cash through an ATM.

Are there any fees at Current?

While Current does not charge any monthly maintenance fees, there are some fees for certain situations, such as foreign transactions and out-of-network ATM transactions.

Customer Support

You can reach Current customer support by emailing support@current.com or by using the chat feature within the app. There’s also a contact form on its website that can be used to contact support. Needless to say the chat option is the quickest way to contact support. We tested both chat and email and found both methods to yield helpful, friendly, and professional responses. While the chat session was quickest, we only had to wait a couple hours to receive an email response. If you don’t have something that needs an immediate response then email is an acceptable support method.

Privacy & Security

The privacy of your information is important to Current. Its Privacy Policy explains in detail how they manage your information when you use the Services. Please review this policy closely because you must agree to the Privacy Policy before using the Services.

Current and its third-party service providers may use your data, including your financial information, to improve Services. Current and its third-party service providers may use anonymous, aggregate financial information to perform analytical research, engage in performance tracking or benchmarking, or to publish, distribute, or license the aggregated, anonymous research data for any purpose.

Current protects your sensitive data according to an internal information security policy and program and as required by law. Despite its best efforts, you understand that transmissions on the internet cannot always be secure.

You are responsible for safeguarding your Account username, password, and any other information used to access our Services. If you do not safeguard your Account login information, you will be responsible, within limits imposed by law, for any loss associated with the unauthorized use of your Account.

In Conclusion

Current started with just a teen account in 2015 and has grown significantly since then, although it remains a neobank with no brick and mortar presence, and not even the ability to access your account online via the website. Those who are comfortable using mobile apps to access their finances will appreciate Current and its high APY accounts, lack of fees, and its budgeting features.

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This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer’s finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guarantees or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market. Current is a financial technology company, not a bank. Banking services provided by and Visa® Debit Card issued by Choice Financial Group, Member FDIC, pursuant to a license from Visa U.S.A. Inc and can be used everywhere Visa debit cards are accepted. *Faster access to funds is based on comparison of traditional banking policies and deposit of paper checks from employers and government agencies versus deposits made electronically. Direct deposit and earlier availability of funds is subject to timing of payer’s submission of deposits.