Current Review
By Itai Varochik | Last updated February 1, 2026
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Our Verdict
Current is a solid mobile banking option for younger users who want early direct deposit, fee-free overdraft protection, and competitive savings rates. It lacks the breadth of SoFi or traditional banks, but delivers well on its core promises.
GetASearch Score: 7/10
Rating: 4.1/5 (620 reviews)
Pros
- Early direct deposit
- Cashback at merchants
- Teen banking accounts
- Fee-free overdraft
Cons
- Lower savings rates
- Limited ATM network
- Premium needed for best features
- Fewer banking products
Score Breakdown
| Criteria | Score |
|---|---|
| Features | 7.0/10 |
| Ease of Use | 8.0/10 |
| Value for Money | 7.0/10 |
| Customer Support | 6.0/10 |
| Overall | 7.0/10 |
What is Current?
Current is a mobile banking platform targeting younger Americans (18-35) who want modern banking features without traditional bank fees. Launched in 2015 and holding a banking charter through Choice Financial Group and Metropolitan Commercial Bank, Current has grown to over 4 million members by focusing on speed, simplicity, and financial inclusion. Current's headline feature is early direct deposit - up to two days before your scheduled payday. For workers living paycheck to paycheck, this can be genuinely impactful, eliminating the need for payday loans or overdraft fees. The Overdrive feature provides up to $200 in fee-free overdraft protection (after qualifying with consistent direct deposits), which is competitive with Chime's SpotMe. The Current Visa debit card earns points on purchases (up to 15x at select merchants through Current's partnerships, 0.5x on all other purchases). Points convert to cash at a rate of roughly 1 cent per point. While not as lucrative as credit card rewards, earning anything on a debit card is unusual and appealing for users who prefer debit over credit. Savings Pods allow users to create multiple savings buckets within their account, each with a custom name and goal. The 4.00% APY on savings (up to $6,000) is competitive with high-yield savings accounts from online banks. The budgeting tools are basic but functional, providing spending categorization and monthly summaries. The teen banking account (Current for Teens) lets parents create sub-accounts for children aged 13+, with parental controls for spending limits, merchant blocking, and real-time transaction notifications. This is well-executed and competitive with Greenlight and GoHenry. Limitations include the lack of a physical branch network (all interactions are app-based), no joint accounts, limited customer support hours, and the absence of investment or credit-building features that competitors like SoFi offer. The $4.99/month premium tier (required for the highest APY and overdraft limits) is also a consideration for cost-conscious users.
Current Features
| Feature | Available | Description |
|---|---|---|
| Early Direct Deposit | Yes | Get paid 2 days early |
| Teen Banking | Yes | Accounts for teens |
| Cashback | Yes | Rewards at merchants |
Current Pricing
Free / Premium $4.99/mo
Best For
- Young adults
- Families with teens
- Gig workers
- Cashback seekers
Final Verdict
Current is a solid mobile banking option for younger users who want early direct deposit, fee-free overdraft protection, and competitive savings rates. It lacks the breadth of SoFi or traditional banks, but delivers well on its core promises.