We earn a commission from brands listed on this site. This influences the order and manner in which these listings are presented.
BestMoney logo

Current mobile banking app review

Mobile banking account that moves at your pace

Reviews 5,819
Current
Visit Site
Current
Current
Excellent
Reviews 5,819
Katy Ward
Nov. 15, 2022
2 min read
Katy Ward
Current Summary
New York-based Current is a financial services company offering a mobile banking app and a Visa debit card. Adult customers can choose a free Basic account or fee-paying Premium account, while Current also offers a specialized product for teenagers and their families. You can sign up in as little as 2 minutes, and your funds will be insured for up to $250,000 under the federally backed FDIC scheme.

Pros

  • Ability to get your paycheck early
  • No overdraft or hidden fees
  • No minimum balance requirement

Cons

  • Checkbooks and paper checks not available
  • No physical branches

Current at a glance

8
Editorial score

Fees?

Most products are fee free
8.0

Security

FDIC insured, SSL/AES encryption and supports 2 factor and biometric authentication
10.0

Customer service

24/7 service with multiple communication options, dedicated fraud team
10.0

Online experience

No online banking
2.0

Mobile experience

Excellent mobile app with all mobile banking features enabled, including digital check deposits
10.0

Current Current Visit Current

Advantages Over Traditional Banks

With a focus on digital financial management, Current offers a number of real-time features that would not be available with brick-and-mortar banks. Through Current’s excellent mobile app, you can sign up for an account in less than 2 minutes, instantly send and receive money to other Current members, and make contactless payments via Apple Pay or Google Pay.


Cutting-Edge Banking Services 

Current is a financial tech company and not a bank, with a focus on flexibility and innovation. If you open an account with Current, you can:

  • Add checks to your account through your phone’s camera 
  • Add cash to your account at more than 60,000 stores nationwide
  • Save money by automatically rounding your purchases up to the nearest dollar and setting the difference aside 
  • No limit on direct deposits (Premium accounts only)

 If you opt for a Teen account, your child will receive their own debit card, while the app’s parental control features enable you to monitor your teenager’s finances through:

  • Instant spending notifications
  • Merchant-blocking functions
  • Spending limits
  • Automated allowance payments
  • Instant transfers to your child’s account

Traditional Banking Services 

Although Current is a banking app, rather than a bank, it does provide some of the more attractive features associated with conventional banks, including:

  • Access to fee-free withdrawals at more than 40,000 ATMs in the US, thanks to its Allpoint network membership
  • Cashback on purchases at more than 14,000 participating retailers nationwide
  • Overdraft up to $100 without overdraft fees


Current Interest: Any member who signs up for a Current Personal Account can get 4.00% Annual Percentage Yield “APY” on up to a total of $6,000 from Current simply by adding money to their Savings Pods and enabling the Interest feature. Members can seamlessly transfer money between Savings Pods and their spending balance and interest accumulates daily.

If you open an account with Current, you will pay the following fees:

FeeAmount
Monthly maintenance
  • Basic account: fee-free
  • Premium account: $4.99 per month
  • Teen account: $36 per teen per year
Minimum balance$0
Bank transfer$0
ATM
  • Allpoint network: $0
  • Out-of-network: $2.50
  • International: $3
Cash deposit$3.50
International purchases3% of transaction amount

Customer Service and Online Experience

You can contact the company via phone, email, in-app chat, chatbot, or social media. Its support team is available 24/7 via live chat in the app and email.

As you would expect from an app-based solution, Current’s online experience is sleek and intuitive. When we tested the site, we easily found all the information we needed and were also impressed by the prompt and polite response we received from its customer service team when we posed as a potential customer.

T: (888) 851-1172

E: support@current.com

Mobile App 

Should you open an account with Current, you can download the app via Google Play or the App Store. The app allows you to:

  • receive real-time notifications 
  • find fee-free ATMs in its network
  • find retailers participating in reward schemes

Watch this video to learn more about Current’s app and the services it offers.

Security

If you’re concerned about cybersecurity, Current offers a number of features designed to keep your money (and your data) safe, which include:

  • EMV chips to prevent card skimming
  • The ability to pause/resume transactions
  • Secure connections for transferring funds
  • Fingerprint/face ID lock
  • A dedicated fraud team
  • FDIC insurance on funds of up to $250,000 through its issuing bank, Choice Financial Group

Summary

If you're comfortable managing your finances via an app, Current's suite of features can enable you to budget more effectively and even save money. The teenage banking feature also gives you the freedom to manage almost every aspect of your family’s finances through a single solution. Current's live chat staff are available 24/7 through the app and provide a fast, efficient service.

Methodology

This review was compiled using information from the Current website and its social media profile.

Current Current Visit Current

Katy Ward
Written by
Katy Ward
Oxford graduate Katy Ward is a seasoned journalist and editor covering personal finance for Eleven Writing and Top10. Over a 15-year career, Katy has worked with several finance titans, including Barclays, Tandem Bank, and Yahoo! Finance. She enjoys identifying complex financial trends that make for interesting article topics.
Top Online Banking
Synchrony
Synchrony
Read Review|Visit Site
Read all reviews

Must Reads

How Banks Are Building Trust with Customers in 2024
May. 19, 2024
What Is a Savings Account and How Does it Work?
May. 19, 2024
How to Choose the Right Online Bank for You
May. 19, 2024
Read all articles
Trustpilot reviews
See what some customers are saying about Current
Excellent • Reviews 5,819
on
Excellent
70%
Great
7%
Average
4%
Poor
3%
Bad
16%
We upload 100 to 400 Trustpilot reviews to our website daily, displaying them by default from "best" to "worst". You have the option to adjust the sorting criteria. If you wish to see all reviews, you can visit Trustpilot's website here.
Sort by