Current Bank Review: Is it Legit & Safe?

I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

Current is a mobile banking app that has a Visa debit card that allows you to get paid twos days faster with fee-free overdraft up to $100 and no minimum balance requirements.

Current App logo

Our Partner

Mobile Banking App


  • Faster direct deposits
  • Fee-free overdraft protection
  • Fee-free ATM's
  • Cash back rewards checking
Overall Rating

Best App for Mobile Banking

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Pros & Cons

The following are some of the pros and cons of the Current Mobile Banking App.


  • Free ATM services
  • Teen banking
  • No hidden fees
  • Cashback rewards


  • No physical locations
  • No overdraft for basic accounts

Are you aware that Current is one of the leading internet-only banks offering checking accounts in the United States? They provide free overdraft, faster direct deposits, a chance to earn points when you swipe your card, free ATM services, teen banking for parents, and, best of all, no hidden fees.

The internet-only bank has a mobile app that features budgeting and spending insight tools to help you track your spending.

Here’s everything you need to know about Current.

Current Bank icon

Quick Summary

Minimum Deposit: $0

ATM Fees: $0

Promotion: 30-Free Trial of Teen Banking

About Current Banking App

Current is a Neobank that’s mobile-focused and offers a checking account with a debit card.

In addition, the checking account comes with services and features such as an ATM network, budgeting tools, teen banking that comes with a feature that helps parents keep track of their children’s spending.

What’s more, Current is a financial technology company that provides cost-effective financial services.  Current uses EMV chips on their debit cards to protect and secure their clients' information against third parties.

It only takes you about two minutes to sign up to the bank.

What Do They Offer?

Current Tags

You can quickly receive and send money to other Current members for free using Current tags. 

Mobile Banking

Current’s mobile banking service helps you make bank transactions, look at your balance, track your spending and receive notifications on your mobile phone. 

Child Accounts

Current enables you to give your child financial freedom by opening a child account that you can track. 

Checking Accounts

Current also offers an online checking account that’s free to open with no minimum balance and a premium account with no overdraft.

ATM Services

Current has a vast network of 40,000 ATMs all over America to help you access your funds at your convenience. 

Saving Pods

Using saving pods, Current makes it easy to save money. By creating your saving goals, a set amount will be deposited into your pod every time you pay with your debit card.

Cash Deposits

You can make a cash deposit to your Current account at any of Current’s 60,000 stores nationwide. That’s more like an online bank with a traditional banking functionality.

Mobile Deposits

Using your Current mobile app, you can take a picture of a cheque you want to deposit, and the funds are automatically added to your balance. How convenient is that?

Gas Hold Removal

Did you know gas stations put a hold on $50 or more on your debit card every time you swipe your card at the gas station and keep it until your transaction clears to ensure they receive full gas payment? 

If you use your Current debit card, they instantly remove gas holds for premium members and make all funds available to you at all times.

Money Management

Current wants you to be responsible with your money. And that’s why they provide you with tools like spending insights, budgeting tools, and saving pods to assist you in making informed financial decisions. 

Faster Direct Deposits

If you sign up for direct deposit using your Current premium account, you can receive your pay two days in advance.

Fees & Minimums

A Current basic account has no hidden fees, no minimum balance, and transferring money to other Current account holders is free using Current tags.

For premium Current account holders, you have a monthly fee of $4.99, and all the benefits of a basic account. Plus, there are no overdraft and in-network ATM withdrawal fees.

You can also set up your saving pods and saving goals by setting an amount to be deposited into your pods every time you swipe your debit card. That makes it easy to save passively. 

Click here to open a Free Current Account

Current Alternatives

Radius bank
Radius Bank logo
  • Minimum Deposit: $100
  • Fees: $0
  • Promotion: No current promos
Axos Bank logo
  • Minimum Deposit: $0
  • Fees: $0
  • Promotion: No current promos
Empower Finance logo
  • Minimum Deposit : $0
  • Fees: $6/month
  • Promotion: 30 day free trial

How to Open an Account

Whether online or over the phone, fill in your details on Current’s sign-up form, using the email link you’ll get in your inbox, and upload your documents to the upload center. Then, you’ll receive a welcome email with all the information to get started. 

Once your account is activated, you’ll receive a text with your account number to get set up for Current online bank. Shortly after, you’ll receive your debit card and PIN by post.

You need a U.S. social security number, your U.S. residential address, and a smartphone to receive SMS.

Who is Current Best For?

Current is best for a person looking for an online checking account.

It’s also great for a responsible parent who wants to teach their kids to be responsible with money. Though teen banking may cost $36 per year, the peace of mind that comes with parental control over every buck your child spends is worth every dollar.

Final Verdict

Current offers an easy-to-use online checking account with features like spending insights to track and show your spending behaviors to make better financial decisions. 

The bank also offers saving pods, a feature that lets you save money towards a goal every time you swipe your debit card to make a payment.

If you’re looking for quick access to your funds and an easy way to keep tabs on your finances, then Current should be your go-to bank.

Sign up to Current if you need a neobank that allows reliable checking with a debit card, mobile banking, and a host of other benefits.


Current is a mobile banking app and Visa debit card that gets you paid up to two days faster with fee-free overdraft up to $100 and no hidden fees or minimum balance requirement.

Current Bank icon


Some of the FAQs are as follows:

Is My Money Safe With Current?

Your money is safe in Current’s accounts because the Federal Deposit Insurance Corporation insures them. The FDIC insures amounts of up to $250,000 per account holder.

Does Current Have Physical Branches?

Current doesn’t have physical branches and conducts all its transactions online, but it has an ATM network for easy access of money for its users.

Can You Deposit Cash Into Your Current Account?

You can deposit cash in any of Current’s 60,000 stores in the United States without necessarily visiting a bank or going to the ATM.

Are There ATM Fees?

There are no ATM fees, meaning you can withdraw from over 40,000 in-network Allpoint ATMs in America for free.

Does Current Let You Overdraft?

If you hold a premium account with Current, you can get an overdraft with no charges.

Can You Earn Rewards or Bonuses With Current?

You can earn rewards and bonuses with Current by earning points through shopping at over 14,000 participating merchants nationwide, which are redeemable in cash.

I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

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