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Current Account

in Checking Accounts from Current · fdic

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Current Account

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in Checking Accounts from Current · Member FDIC

SuperMoney Net Recommendation Score +90

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +90, equating to 4.8 on a 5 point rating scale.

+90

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

9 users recommend
1 user is unsure
0 users don't recommend
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Highlights
Community Rating Strongly recommended
Monthly Fee $0 - $4.99
ATM Fee: Out-of-Network $2.50
Minimum Balance to Avoid Monthly Fee Starting at $0
APY (Annual Percentage Yield) 0%
Number of Reviews 10

Current Account Review

Current Account is offered by Current, a nonbank financial services provider founded in 2015 and based in New York, NY. It is made possible by a bank partnership with Choice Financial Group, Member FDIC. Current Account is available in 50 states (and Washington, DC).

Key Takeaways
  • Account types. The premium account has a $4.99 monthly fee, but there’s also a free, basic account.
  • 0% APY. As with most checking accounts, Current Account does not pay interest.
  • Charges a monthly fee. This account charges a monthly service fee of up to $4.99.
  • No minimum initial deposit. There is no minimum balance required to open an account.
  • No ATM fees. Current Account does not charge fees on ATM transactions within its network but there is a fee of up to $2.50 for out-of-network ATM transactions.
  • Bill pay. Pay your bills to practically anyone in the United States through Current.
  • Early direct deposit. Get access to you paycheck funds faster If you set up a direct deposit to this account.
  • Soft credit pull. This bank will not perform a hard credit pull when you open a checking account.
Current Account Pros & Cons
Pros Cons
  • Early access to your paycheck.
  • Live chat available 24/7 in the Current app.
  • Fee-Free Overdraft up to $100*
  • Available in all 50 states.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not earn interest
  • Online-only account with no access to physical branches.
  • Monthly service charge.
  • Charges a higher than average fee on out-of-network ATM transactions.
Current Account FAQ

Are checking accounts from Current federally insured?

Yes, your Current checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #9423). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Current Account offer?

Current Account is not an interest-bearing account.

What are the account minimums for Current Account?

Current Account does not require a minimum initial deposit.

Current Account Minimums
Description
Minimum Combined Balance to Avoid Monthly Fee $0
Minimum Opening Deposit $0
Minimum Balance to Avoid Monthly Fee Starting at $0

What fees does Current Account charge?

This account charges a monthly service fee of up to $4.99.

Current Account Fees
Description
ATM Fee: In-Network $0
Debit Card Replacement Fee $5
Early Account Closure $0
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $4.99
Online Bill Pay Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Returned Deposit Fee (Domestic) $0
Returned Deposit Fee (International) $0
Stop Payment Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
ATM Fee: Out-of-Network $2.50

Does Current Account charge overdraft fees?

No, Current Account does not charge overdraft fees.

What features and perks does Current Account offer?

This account includes the following features:

  • Fraud monitoring - Current Account monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Get paid early - If you set up direct deposit with your employer and request this service, you can collect your salary early.
  • Mobile Banking Services - Current Account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.
  • Soft credit pull - Current Account performs a soft credit pull so you can check whether you qualify without hurting your credit.

What is the customer support email for Current Account?

The customer support email for Current Account is support@current.com.

How do people rate the customer service and user experience of Current Account?

Overall, Current Account is strongly recommended based on community reviews that rate customer service and user experience.

Current Account Disclosure: Current Overdrive allows qualifying premium members to overdraft up to $100.00 using their Current Visa® Debit Cards. Overdrive enables you to draw your Current-managed account in your name negative for debit card purchase transactions up to a specified amount. The Limit is determined by Current in its sole discretion based on your Current Account history, direct deposit history and direct deposit amounts, spending activity and other risk-based factors. Your Current Account is continually monitored, and your Limit may be adjusted from time to time in Current’s sole discretion. This Overdrive feature does not come with any overdraft fees. To be eligible for Overdrive, you must fulfill certain requirements: You must receive at least $500.00 per month in direct deposits from an employer (funding using an external funding source of third-party application are not eligible for overdrive qualification). You must be 18 years of age or older. You must have a Current premium account in your name in good standing. You have downloaded the Current mobile app from either the Google Play Store or the App Store. You may lose eligibility for Overdrive if Current does not receive a qualifying direct deposit within a 30-day period. Current will notify you of loss of eligibility in the app or by email if this does occur. If you lose eligibility, Current will not approve debit card transactions that would result in a negative balance to your account. You may regain eligibility for Overdrive by again meeting the four requirements listed above.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Current Account

Current is a mobile banking app with a Visa debit card that gets you paid up to two days faster with direct deposit and gives you fee-free overdraft up to $100 with our Premium Account.

Current Premium Members can earn up to 15x points on purchases that are redeemable for cash back, get their gas holds instantly removed and all members have access to over 40,000 fee-free Allpoint ATMs in the U.S., 24/7 support and never pay hidden or overdraft fees or a minimum balance requirement.

Current is a multi-product fintech, offering accounts for everyone regardless of age or income level. We have a Premium Account, which costs $4.99 per month, a free Basic Account and a Teen Account, which costs $36 per teen/year.

Contact

Other Services by Current

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

ATM Fee: In-Network $0
Early Account Closure $0
Online Bill Pay Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Returned Deposit Fee (Domestic) $0
Returned Deposit Fee (International) $0
Stop Payment Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
Debit Card Replacement Fee $5
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $4.99
ATM Fee: Out-of-Network $2.50
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Soft Credit Pull
  • Debit Card
  • Get Paid Early
  • Member FDIC
  • Online-Only Account
  • Teen Checking Account
  • Expense Management

Current Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +90, equating to 4.8 on a 5 point rating scale.

+90

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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