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Current Reviews


bestfor-icon Excellent Bonus On Your Savings With No Fees

Written by Andrew Omalley

About Current | 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 Online Banking Review

Current is an mobile banking app that likes to keep things simple. It focuses on providing checking and savings account options to its users. The company offers a user-friendly app to help make banking easier, more accessible, and safer for individuals.

Current 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 The 4% APY available on Savings Pods is very good
  • con-icon Does not require any credit check for a checking account
  • con-icon Charges minimal fees across the various account types
  • con-icon The Current mobile app offers money management tools
  • con-icon Only offers a mobile app and no desktop platform
  • con-icon Current caps the 4% APY to $6,000 in savings

Account types

  • Checking
  • Savings


Account 1 Year 3 Years 5 Years
Checking Account
Teen Checking Account
Savings Pods
  • 4% (on up to $2,000 per pod if you make a qualifying direct deposit)
  • 0.25% (on up to $2,000 per pod if you don’t make a qualifying direct deposit)
  • 0% (on any funds greater than $2,000 per pod)
  • 4% (on up to $2,000 per pod if you make a qualifying direct deposit)
  • 0.25% (on up to $2,000 per pod if you don’t make a qualifying direct deposit)
  • 0% (on any funds greater than $2,000 per pod)
  • 4% (on up to $2,000 per pod if you make a qualifying direct deposit)
  • 0.25% (on up to $2,000 per pod if you don’t make a qualifying direct deposit)
  • 0% (on any funds greater than $2,000 per pod)

Features Benefits & Rewards

  • Offers 4% APY on savings up to $6,000
  • Allows people with poor credit to improve their scores
  • Current does not charge any account fees

Opening An Account With Current

Creating an account with Current is quite straightforward. You visit the website and click on the ‘Get Started’ button. You’ll then be asked to enter your mobile number. Current will send you a link that allows you to download the app.

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

Andrew is a freelance writer who has been crafting valuable pieces of content relating to personal finance for more than five years. Previously, he studied Economics & Finance at university and he has professional qualifications relating to financial advice.



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.

Brand Disclaimer

Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC, and Cross River Bank, Member FDIC. For full terms and conditions, visit current.com or call 888-851-1172 for more information.