Current Review
Comprehensive review and analysis of Current's digital banking services
Quick Facts
- Founded
- 2015
- Head Office
- United States
- Active Customers
- 4+ million
- Total Funding
- $400 million
- Employees
- 400+
- App Store Rating
- 4.7/5
Pros & Cons
Pros
- Early direct deposit
- No hidden fees
- Teen banking
- Points rewards
- Instant gas hold refunds
- Overdraft up to $200
Cons
- No physical branches
- Limited international features
- No joint accounts
- Some features require premium
Supported Countries
- United States
Fees
- Basic Account Free
- Premium Account $4.99/month
- ATM Withdrawals Free at 40,000+ Allpoint ATMs
- Foreign Transaction Standard Visa fees apply
- Overdraft Up to $200 with no fees
Overview
Current has emerged as a popular digital banking option in the US since 2015. With a focus on faster access to money and modern banking features, it appeals particularly to younger users and families with its teen banking options.
Key Highlights
- Modern Banking: Innovative features for today’s needs
- Teen Banking: Comprehensive parental controls
- Early Pay: Get paid up to 2 days early
- Gas Holds: Instant gas hold refunds
- Points Rewards: Earn points on purchases
- Overdraft Protection: Up to $200 with no fees
Market Position
- Growing US digital bank
- Focus on younger users
- Strong family banking features
- Innovation in financial services
Key Features
Banking Services
- Checking account
- Savings pods
- Physical Visa debit card
- Mobile check deposit
- Teen banking
- Points rewards
Premium Benefits
- Early direct deposit
- Instant gas hold refunds
- No overdraft fees
- Premium card designs
- 3 savings pods
- Higher savings limits
Teen Banking
- Parent-controlled debit card
- Instant transfers
- Spending notifications
- Chore tracking
- Spending limits
- Block specific merchants
Rewards Program
- Points on purchases
- Gas station rewards
- Restaurant rewards
- Retail partner offers
- Points redemption
- No point expiration
Security Features
- Fingerprint/face login
- EMV chip cards
- Card controls
- Transaction notifications
- Fraud protection
- FDIC insurance
Customer Support
- 24/7 customer service
- In-app chat
- Email support
- Phone support
- Help center
- Social media support
Verdict
Current stands out for its combination of modern banking features and focus on accessibility. The early direct deposit feature, instant gas hold refunds, and points rewards program make it particularly attractive for everyday users. The teen banking feature is well-implemented and provides valuable tools for parents.
While the basic account is free, the premium features justify the monthly fee for many users. The main limitations are the lack of joint accounts and limited international capabilities. For US customers seeking a modern banking experience with good rewards and teen banking options, Current is a strong choice.