💡 Quick Verdict
Current stands out for its teen banking features and fast direct deposit (up to 2 days early). The app is clean and simple, with points rewards on purchases. It's great for families and young adults starting their financial journey. Downsides include limited ATM network and basic features compared to competitors.
✅ Pros
- Teen accounts with parental controls
- Get paid up to 2 days early
- Points rewards on purchases
- No minimum balance
- Overdraft protection up to $200
- Clean, modern interface
❌ Cons
- Smaller ATM network
- Lower savings APY
- Limited budgeting tools
- No investing features
- Customer service can be slow
- Some features require premium
What is Current?
Current is a mobile banking platform founded in 2015, initially focused on teen banking. It has expanded to offer full banking services for adults while maintaining strong parental control features. Current partners with Choice Financial Group for FDIC insurance.
Learn more about app safety in our Safe Finance Guide.
Teen Banking
Accounts for ages 13+
Fast Pay
2-day early deposit
Points
Earn on purchases
Overdrive
Up to $200 overdraft
Who Should Use Current?
Current is ideal for:
- Parents wanting to teach kids about money
- Teens getting their first bank account
- People who want early direct deposit
- Those who like earning points on purchases
Current might NOT be for you if:
- Those needing extensive ATM access
- People wanting investing features
- Users seeking high-yield savings
- Those who need advanced budgeting tools
Not sure if Current is right for you? Take our quiz for a personalized recommendation.
Current vs Competitors
Current vs Chime
Chime: Chime has more ATMs and higher SpotMe limits. Current is better for families with teens.
Current vs Greenlight
Both offer teen banking. Greenlight has more parental controls; Current has better adult features.
Current vs Cash App
Cash App: Cash App has better investing and peer payments. Current is better for traditional banking and teen accounts.
❓ Frequently Asked Questions
What age can you get Current?
Teens can get Current at age 13 with a parent's account. Adults 18+ can open their own account.
Does Current have fees?
Basic Current is free. Current Premium ($4.99/month) offers higher overdraft limits and more points.
How does Current teen banking work?
Parents create a family account and add teens. Parents can set spending limits, view transactions, and transfer allowance.
Is Current FDIC insured?
Yes, through partner bank Choice Financial Group. Deposits are protected up to $250,000.
Can I deposit cash to Current?
Yes, at retailers through the Green Dot network, but fees apply ($4.95 max per deposit).
Ready to Try Current?
See if Current is the right fit for your financial journey