Current is the bank for modern life. Current is a Visa® debit card and mobile app that connects your money to friends, family, brands and experiences that matter in ways that suit your lifestyle.
CURRENT PERSONAL CHECKING ACCOUNTS
Why bank with Current? We provide:
-FASTER paychecks (up to 2 days with direct deposit)
-NO minimum balance
-NO overdraft fees
-NO hidden fees
-NO gas holds
-INSTANT money transfers
-DEPOSIT checks easily from your phone
-INSIGHTS personalized to track where and how much you spend
-SAVINGS PODS for easily setting aside money personalized to your priorities
-BUDGETS allow you to set spending categories and limits with notifications to keep you on track
-APPLE PAY and GOOGLE PAY supported
-FDIC Insured up to $250k
CURRENT BANKING ACCOUNTS FOR TEENS AND PARENTS:
With Current’s Visa® debit card and mobile app, teens can enjoy financial freedom with the ability to spend their money the way they want, where they want and learn responsible spending and budgeting. Teens can use their own Current card for easily shopping online or at a store, spending with Apple Pay or Google Pay and have the ability to track balances. Teens can also boost their savings with personalized goals and keep track of their progress along the way. For teens with jobs, they can set up direct deposit for their own paychecks, get paid instantly from friends and family and even donate to charity.
Parents link their Current mobile app with their teen’s app and set the card’s spending limits, have full visibility into purchases and balances with real-time alerts and can instantly transfer money onto the card, all while teaching their teens how to manage their own money. There is also the ability to block certain stores and categories and parents can schedule allowance payments and even schedule chores for their teen to complete. Reward their hard work!
Creating a Current account only takes a few minutes and conveniently works with parents’ existing bank accounts. There is a simple, annual subscription that Current charges but unlike prepaid cards or many student checking accounts we offer:
-NO transaction or transfer fees
-NO minimum balances
-NO minimum transfer amounts
-NO overdraft fees
-NO activation or inactivity fees
-PAUSING the card from the parents’ app to prevent unauthorized spending
-SECURITY of an EMV chip on each debit card and the latest technology
-PRIVACY controls of fingerprint and facial recognition locks
Download the Current app today for faster banking designed for your lifestyle!
Dark Mode is here! Join the dark side and check out Current's sleek new look on Dark Mode in iOS 13.
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.