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Written by Lorraine Roberte
Edited by Jon Bortin

About Current

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Current is a financial technology company. It offers cash management services for customers, with banking services provided by Choice Financial Group. Current offers a basic account with no monthly fee and a premium account. Parents can teach money management with a teen account that they can monitor. The Overdrive feature, available with a premium account, offers overdraft protection up to $200. Current also offers features like cash back and early paydays.


  • Teen banking
  • Overdraft up to $200 with no fees
  • Biometric security features


  • No joint accounts
  • No website banking

Bottom Line

Current is a fintech company. It offers basic and premium accounts, including checking and savings. Parents can create a limited account for their teens. Current is available through its mobile app. Earn points for cash back.

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What is Current?

Current is a financial technology company that provides digital banking services. The company’s financial offerings are provided by Choice Financial Group. Current's goal is to make banking more accessible and affordable for everyone. It does this by eliminating service fees and offering high annual percentage yield rates and cash-back options.

The main appeal of Current is some of its more unique features. The app has biometric security measures such as fingerprint and face ID lock. It also allows you to instantly block transactions. Parents who want their children to learn money management can open a teen account. This provides a convenient mix of financial freedom and security.

How does Current work?

Current aims to make banking simple. While it’s only available through the mobile app, it is simple to set up. The company offers “Savings Pods,” which are basically savings accounts with particular goals. These pods have APYs of 4% and no restrictions on moving money to and from the account.

Your Current Visa debit card is usable anywhere that accepts Visa. This includes the 40,000 fee-free Allpoint ATMs across the U.S. You can receive your paycheck up to two days early. You can also deposit checks through the mobile app. Current users can instantly transfer money between each other with Current Pay. You just need a Current Tag to share your profile with others.

Current also offers points for your purchases at participating locations. You get one point per dollar, or more if the retailer has a multiplier. These points can be redeemed for cash or even for a premium account. Points are available for both basic and premium members.

Current accounts

Current offers three types of banking accounts: basic, premium and teen. Each account type offers a variety of features that suit different needs.

  • No monthly fee
  • Basic White Card with secured chip
  • A budget for one spending category
  • Standard direct deposits
  • Spending insights
  • One Savings Pod
  • Exclusive Premium Card with tap-to-pay
  • Early access to direct deposit
  • Budgets for each spending category
  • Spending insights
  • Three Savings Pods
  • Gas station authorization holds immediately released
  • Overdrive overdraft protection
  • No monthly or annual fee
  • White or Black Card
  • A budget for one spending category
  • Standard direct deposits
  • One Giving Pod for donations
  • Gas station authorization holds immediately released

Current rates

Current has three account options. The basic account is free for customers to use. The Premium account has a fee of $4.99 a month. There is no fee for adding a teen account.

Current promises no hidden fees. There’s no account minimum and no transfer fees. Premium account holders also get up to $200 of overdraft coverage with no fees.

Current FAQ

Is Current a real bank?
Current is not a bank. It is a financial technology company that offers banking services through Choice Financial Group.
Is Current FDIC-insured?
Current is FDIC-insured through the issuing bank, Choice Financial Group.
Where can I use my Current card?
Your Current debit card can be used anywhere that Visa is accepted in the U.S., including online. You can also withdraw money from Allpoint ATMs with the Visa Interlink or Maestro logos.
Does Current have account minimums?
Current does not have account minimum requirements.
Will Current affect my credit score?
Current won’t affect your credit score. The company doesn’t perform a credit check when you open an account.

Is Current legit?

Current is a legitimate financial technology company. It is FDIC-insured through its partner bank, Choice Financial Group. While it’s not ideal for anyone not wanting to bank through a desktop website or app, Current has a number of unique features that make it stand out among its competitors. Particularly noteworthy is the teen account, which is a great way for parents to handle their children’s money while still offering some freedom. Overall, we recommend exploring Current financial services if you’re looking for an alternative to traditional banking.

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