Current is a better bank for a brighter future. Current is a Visa® debit card and mobile app that gives you everything you need to manage your money.
CURRENT PERSONAL CHECKING:
-GET PAID EARLY
With early direct deposit, get paid two days ahead
-GAS HOLDS INSTANTLY CREDITED
Receive your refund immediately after swiping at any gas pump.
See personalized information on how much you are spending, and where you spend the most.
Create a Savings Pod and easily set aside money using recurring transfers or round ups. Add a goal to track your progress and see how your savings grow in real time.
- MOBILE CHECK DEPOSIT
Easily deposit checks straight from your phone.
-NO MINIMUM BALANCE
-NO OVERDRAFT FEES
-NO HIDDEN FEES
CURRENT TEEN BANKING:
Parents manage accounts for each of their teens and can deposit money instantly, keep an eye on spending with real-time alerts, and know they have given their teens the tools they need to learn financial responsibility.
Each teen account includes a Visa® chip and pin debit card, in their name, that allows teens to spend online, in stores, and use ATMs. It even works with Apple Pay.
Direct deposit allows working teens to get their paycheck deposited into their Current account, and with account numbers they can get paid with electronic checks, and connect eCommerce and payment platforms. Teens can also earn money from chores, pay or request money from friends, and even give to charity.
- Spend the way you want with a Visa® debit card
- Shop online, use Apple Pay, and more
- See your balance so you know how much you can spend
- Set savings goals and track your progress
- Round-up purchases and save a little every time you spend
- Deposit your paycheck electronically with direct deposit
- Earn money for chores and task (get paid for them fast)
- Donate to millions of charities through the app
- Request money from siblings and friends or pay them back
Parents get visibility into their teens spending with real-time alerts that show where transactions are happening. You can instantly transfer money to your teen, no matter where they are. If they are out with friends, or traveling outside the country, sending them extra money is easy. Current takes only a few minutes to setup and conveniently works with your existing bank account.
- Visibility into your teens spending with real-time alerts
- Schedule allowance in advance so it happens automatically
- Send money to your teens instantly
- Connects to your existing bank for easy transfers
- Any adult with a bank account can contribute
Current charges a simple, annual subscription. Unlike prepaid cards and many student checking accounts, we have:
- no transaction or transfer fees
- no minimum balances or minimum transfer amounts
- no overdraft fees
- no activation fee or inactivity fees
- Pause the card right from your phone to prevent unauthorized spending.
- No overdraft fees -- transactions larger than the card balance are declined
- The latest security, including an EMV chip on each debit card
- Ensure your privacy with fingerprint and facial recognition locks.
This app may use your location even when it isn’t open, which can decrease device battery life.
Continued use of GPS running in the background can dramatically decrease battery life.
For extra security, we've added the option to authenticate with Touch/Face ID or your device passcode to access Current every time you open the app.
Ratings and Reviews
Very helpful for my teen
This is helping my teen learn the value of money and budgeting. It is also wonderful to know when he is on school trips away from me that I can quickly transfer $ to his card within minutes if something unexpected comes up and not have to give him a bunch of what if cash- he goes on a lot of out of town contests! He used to ask me for certain things not realizing costs and now he compares prices and it is helping him to be a better spender and saver! I am able to set his weekly allowance and if needed I can transfer $ into his account immediately. One thing to note is that you need to have $ transferred from your bank into your parent current account ahead of time because it does take several days for it to clear. Once the $ is in your parent account though you can transfer to your child’s account as needed within minutes. Also if your child “owes” you $ for something it can be transferred from their account back to yours! I love that my son can have his card and not have to carry cash especially on those trips he takes with school.
Good idea, needs work
I started free trials for two competing debit card companies, and this one came in second. It takes a full day to transfer funds from my bank account into my parent wallet in the app! That was way too long. I need the money there instantly. I debated this card in the first place because I wanted the chores to be checked off and payment to the kids to be made only if chores were done, but it is not a simple integration. Once you create the chores, you can’t edit them, so even if there is a typo, you are stuck with it! You can’t change the order that the chores appear for each day, and there isn’t a check box to check them off when they’re done. I started by creating a separate chore for EACH action I wanted done, but it takes up most of my screen to show one chore, and with three kids and at least 15 chores each, it wasn’t worth it. I decided to go with another card that does not have the chore option, but transfers to my parent wallet immediately, does not require such an elaborate password to get into the app (how about a PIN or fingerprint?), and I can turn each card on or off any time with only two clicks instead of three. If I think it’s lost? Off. If I can’t find it? Off. Kids have it safe in their wallet? On. Current does not have that option without reporting it stolen.
Developer Response ,
Hello, Thank you for your feedback. I'd like to clarify some confusion: (1) We will be introducing instant transfers any day now. (2) We are aware of the chores function, and it is something that we are working on. (3) However, you CAN turn your teen's card ON and OFF with Current (without reporting it as lost).
Awful!! Protect your money. Don’t use this.
I have tried nearly every allowance app and current allowed me to schedule regular deposits on a particular date. However, when I went to set up regular allowance for the kids, it only gave me the option to transfer directly from my bank. It is not even an option to transfer from the parent account. That is the entire appeal of the app is to manage allowance funds in one central location. We get paid monthly so a monthly transfer to the parent account makes sense. However we want to pay the kids weekly from the funds in the parent account. As of yet I have not been able to set this up. I contacted support last week but beyond an automated response that said they received my message, I am still waiting to hear anything back. The concept is a good one, but perhaps not effectively executed.
**UPDATE: I had to drop to one star because not only have I not had a response to my email, but I have been trying to get through on the phone and after about 20 minutes of holding a recording came on and said we are currently receiving a large volume of calls. Please email (tried that) or try our online support. Click. It hung up on me! After all that waiting, it doesn’t give you the option to continue holding your place in line. It just drops you so you either start over or give up. I am not giving up until I get a full refund.
With Family Sharing set up, up to six family members can use this app.