Imagine a stress-free financial management experience where you could grow your money, earn cash back rewards, and get paid faster with direct deposit. Perhaps it sounds like wishful thinking, but you can enjoy all these perks and so much more when you open a Spend Account with Current.
What Is Current?
Founded by Stuart Sopp, Current is a financial technology company headquartered in the United States that caters to Americans looking to improve their financial future. It’s not a bank but offers unique banking services through Choice Financial Group, Member FDIC.
Nearly 4 million Americans use Current, and for a good reason. You can earn up to a 4.00% Bonus (5) on your money daily (which is more than what most savings accounts offer), get direct deposits up to two days earlier, rack up generous cash back rewards, make ATM withdrawals without ATM fees (1) , and so much more! Plus, you can manage your account on an ongoing basis from the comfort of your home.
How Does Current Work?
Current’s customers get a Visa debit card and access to an innovative mobile app that’s full of resources to help you level up your finances. The mobile app is available on Google Play and the App Store. You can visit their website and enter your phone number to get a link to the app.
It takes less than two minutes to get started, and you can easily sync your debit card with your existing bank account.
Types Of Accounts Current Offers
Here’s a detailed breakdown of what each Current account offers.
Current Account
The Current Account is available free of charge. Here’s what you’ll get when you sign up.
- An exclusive card with a secured chip and Tap to Pay
- Budgets for each category of spending
- Valuable spending insights
- Purchase alerts in real-time
- Early access to direct deposit
- 3 Savings Pods that earn up to a 4.00% Bonus (5) and pay daily on up to $2,000 in savings pods
- ATM withdrawals without ATM fees at Allpoint ATMs in the U.S. (1)
- Instant money transfers
- Mobile check deposit
- Overdrive overdraft protection
- Points for cash back from purchases with over 14,000 participating merchants
Teen Account
The Teen Account has no subscription and features these perks:
- A Black or White Visa debit card
- Budgeting and spending insights for one spending category
- Standard direct deposit
- Purchase alerts in real-time
- Immediate release for gas station authorization holds
- A single Giving Pod
Benefits Of A Current Spending Account
Here is an overview of some features of Current accounts:
Faster Direct Deposit
Get access to your earnings up to two days early (3) when you open a Current Account and enroll in direct deposit. You can unlock this feature directly in the mobile app in minutes.
Points for Cash Back
Use your Current Visa debit card at any of the 14,000 participating merchants throughout the U.S. to earn rewards points. You can get up to 15 points per dollar spent and redeem them for cash or items from the Current Shop (2) .
Overdraft
Overdrive from Current is a form of overdraft protection that helps you avoid overdraft fees. It’s available with a Current Account, and you can draw up to $200 (4) before you’re assessed any overdraft charges.
ATMs
Current account holders can make withdrawals at over 40,000 in-network Allpoint ATMs nationwide with no ATM fees (1) . You can use the Current mobile app to find ATM locations near you. So you won’t have to visit a local bank branch to access your money.
Cryptocurrency Investing
Invest in over 30 cryptocurrencies from your checking account with no trading fees with the Current mobile app crypto feature.
No Hidden Fees
You’ll enjoy managing your money without all the fees. There are no processing fees, minimum balance fees, transfer fees or in-network ATM withdrawal fees (1) .
Teen Account
A teen account comes with instant money transfers, real-time notifications, spending limits, merchant blocking, and so much more so your teen can learn to manage money the right way. But you’ll maintain parental control while having the ability to transfer funds to your teen’s account with ease through the mobile app.
Ultimately, there’s a lot to love about Current. You can manage your money with confidence while on the go, make your money work harder for you, get paid earlier, make fee-free withdrawals, and the list goes on.
When you’re ready to revolutionize your money management experience, download the Current mobile app to get started. You can open a Spend Account and start taking advantage of all the perks Current has to offer. You can also access the online dashboard 24/7 to view your Current account balance and transactions, including purchases and payment activity. Best of all, it only takes less than two minutes to get started.
