Current

Current is a mobile banking platform that offers spending accounts, savings features, a secured credit card, and teen banking products. Current is not a bank itself. Its banking services are provided through Pathward, N.A. and Choice Financial Group, both FDIC-insured partner banks. The Current app and debit card are available to adult account holders, and a separate teen banking account with parental controls is offered for younger users.

Current's spending account works like a standard checking account accessible through a mobile app. There are no minimum balance requirements and no monthly fees on the basic account. Current offers early direct deposit, allowing eligible account holders to receive their paycheck up to two days early when paid via direct deposit.

Current also offers a credit-building secured credit card. Like other secured cards, you set aside money in a secured account and that becomes your spending limit. There is no interest charged because spending is limited to what you have set aside, and no hard credit check is required. Current reports activity to the credit bureaus, which can help build your credit history over time.

Current also offers small cash advances to eligible members, subject to fees and eligibility criteria.

The teen banking account allows parents to transfer money to a teenager's Current account and monitor spending, which can be a practical tool for teaching financial responsibility.

Because Current is a fintech app rather than a bank, the experience is designed to be entirely mobile. Review all current fee disclosures and account terms before signing up, including any fees on optional features and the terms of the credit builder card.