Current
Pros
- Teen accounts with parental controls and chores
- Bonus savings pods paying boosted APY
- Early payday and fee-free overdraft
Cons
- Not a bank; FDIC cover runs through partner banks
- Boosted savings rate is capped to a balance limit
Neobank comparison
Current vs Mercury
Compare Current and Mercury side by side: fees, regulation, platforms.
Current
Best for teens and families
Current is the US neobank for households: teen accounts with controls sit alongside boosted savings pods and …
VS
Mercury
Best for startups
Mercury is the go-to operating account for venture-backed startups, pairing free business banking with a deep…
Head-to-head comparison
| Feature | Current | Mercury |
|---|---|---|
| Monthly fee | Free | Free |
| FX markup | 0% | 1% |
| Savings APY | 4% | - |
| Currencies | 1 | 3 |
| Card network | Visa | Mastercard |
| Deposit protection | FDIC up to 250,000 USD via Choice Financial Group and Cross River Bank | FDIC up to 5,000,000 USD via partner-bank sweep |
| Regulators | - | - |
| Best for | Best for teens and families | Best for startups |
| Markets & account | ||
Pros & cons
Mercury
Pros
- Free business banking built for startups and founders
- Extended FDIC cover through a partner-bank sweep network
- Treasury yield and software integrations built in
Cons
- No personal accounts; business and US-incorporated focus
- FX on international payments carries a markup
Current
Current is the US neobank for households: teen accounts with controls sit alongside boosted savings pods and early payday for the parents.
Confirm current fees and rates on the provider's site. T&Cs apply.
Mercury
Mercury is the go-to operating account for venture-backed startups, pairing free business banking with a deep sweep network and treasury tools.
Confirm current fees and rates on the provider's site. T&Cs apply.
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