Current review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Current is a set-aside account for a teen in the US who wants a pot they can reach from the phone. The minimum deposit is $0.01 and the variable rate runs 0.25% to 4%, so the pay on savings can move as the provider adjusts it.
Key facts
- Best for
- A teen's savings pot that stays reachable from the phone at any time.
- Headline rate
- 0.25% to 4%↗
- Rate type
- Variable↗
- Minimum deposit
- $0.010↗
- Deposit protection
- FDIC up to USD 250,000↗
- Access terms
- Savings Pods accessible on demand in the mobile app, no notice period, up to three pods↗
- Monthly fee
- $0↗
- Account kind
- Easy access↗
- Legal entity
- Finco Services, Inc. dba Current↗
- Headquarters
- United States↗
- Support channels
- Chat, Email, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- current.com
Everyday accounts
- Currency conversion fee
- 3%↗
- Local account details
- Us-ACH↗
- Free ATM withdrawals
- $0↗
- Transfer fee
- $0 - no bank transfer fees↗
- Audience
- Teens
- Features
- Free ATM withdrawals, Digital-only, No credit check
Facts checked September 26, 2026, 6 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
Pros and cons
Pros
- Deposits are covered by FDIC up to USD 250,000, which is the detail a new saver should check.
- The stated audience is teen, and the account kind is easy access.
- Pods open on demand in the mobile app with no notice period, so a set-aside stays flexible.
Cons
- The 0.25% to 4% range has a low floor, so a pod can earn very little for stretches.
- Support runs on chat, email and help centre, so there is no phone line for urgent questions.
- Currency conversion costs 3%, which makes it a weak base for holding travel money.
Who it suits
- A teen in the US starting to set money aside, since the stated audience is teen.
- Anyone happy to manage saving in the app, since pods run on demand with no notice period.
- US savers paid in dollars, with transfers moving over us ach.
Who should look elsewhere
- Plazo ES, whose headline rate of 24.19% sits well above the 0.25% to 4% range here.
- AXI Card Tarjeta y Credito, listed at 21.59% if a higher headline number is the goal.
- PayPal Colombia, listed at 3.3%, for anyone shopping only on the headline rate.
Safety of your money
Deposits are covered by FDIC up to USD 250,000, which has a ceiling, so a balance held above it is not covered. Current is also listed on the NMLS registry under 2533115, a US registration. That licence is not deposit insurance, so the protection on the balance is the piece that matters.
Who runs it
Current is operated by Finco Services, Inc. dba Current, based in the United States, and it trades on the NMLS registration 2533115. Help is offered through chat, email and help centre, which means chat, email and a help centre inside the app. Anyone who prefers a phone line will not find one.
How Current compares
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Current vs Revolut UK8.9 vs 9.0
Where Current is available
- Available
- United States
- Licence in United States
- NMLS (2533115), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to run a Current account?+
The monthly fee is $0 and the model is no monthly fee, so there is no standing charge to watch. Bank transfers are listed as $0 - no bank transfer fees. The cost that does apply is currency conversion at 3%, which matters if money is held or spent in another currency.
How do I move money in and out?+
Transfers run over us ach, so money moves through the US system. Bank transfers carry $0 - no bank transfer fees, and the minimum deposit is $0.01, so a small transfer is enough to open a pod and add to it later.
What rate do the savings pods pay?+
Pods pay a variable rate, and the range runs 0.25% to 4%. A variable rate is not locked in for a term, so a saver who wants a guaranteed figure would look at a fixed account instead. Current is filed as easy access, built for access rather than a term.
Is my money protected if something goes wrong?+
Deposits are covered by FDIC up to USD 250,000, so a balance is protected by the scheme up to that limit. Current also appears on the NMLS registry under 2533115. That registration is separate from the deposit protection and does not raise the limit.
Can I reach my savings without notice?+
Yes. Savings Pods are accessible on demand in the mobile app with no notice period, and the account is filed as easy access. There is no fixed term to run down, so a saver can take money out of a pod and put it back in the same session.
How do I get help when I need it?+
Help comes through chat, email and help centre, which covers chat, email and a help centre. There is no phone channel in that list, so a problem that needs a voice call is not covered here. The service is digital-only, so the app and email are the practical routes.
Who is the account built for?+
The stated audience is teen, and the account is set up as easy access with pods in the app. The model is no monthly fee, so there are no monthly fees to compare. Anyone outside the US should look elsewhere, since it is a US product.
Do I need a credit check to open it?+
A no credit check sits alongside free ATM access in the listed features, free atm, digital only and no credit check. The service is digital-only, so an account is opened in the mobile app rather than in person, and there is nothing to attend a branch for.
Sources
- current.com checked September 26, 2026
Backs: Currency conversion fee
“Build Card: foreign transaction fees of 3% of the full transaction amount (minimum $0.50)”
- current.com checked September 26, 2026
Backs: Deposit protection, Licences
- current.com/about-us checked September 26, 2026
Backs: Audience, Features, Headquarters, Pricing model
“Custodial accounts - available for members under 18”
- current.com/boost_terms_of_service checked September 26, 2026
Backs: Access terms, Headline rate, Legal entity, Monthly fee, Rate type, Support channels
“Withdrawals can be made from Savings Pods to your Current Account.”
- current.com/save checked September 26, 2026
Backs: Account kind, Minimum deposit
“Create up to three pods and start saving, then grow your money with an annual Boost rate of up to 4.00%.”
- current.com/spend checked September 26, 2026
Backs: Free ATM withdrawals, Local account details, Transfer fee
“No in-network ATM fees; we give you access to over 40,000 fee-free in-network Allpoint ATMs”
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term.