Tech-forward mobile banking with competitive rates and low fees

summary: Current is a financial technology company based in New York City, providing banking products and services. Provides banking services and partners on first mobile devices with banks of FDIC members such as Choice Financial Group and Cross River Bank to ensure customer deposits.

Current spending is a bank account that allows you to build credit, earns points, and get a wage for up to two early days. Account owners can earn one point for each dollar spending on the purchases of food and qualified groceries and recover those points to return to cash. There are no annual fees, minimum balance requirements, ATM fee within the network, or bank transfer fees associated with this account.

Current members can stop their savings in up to three separate “savings pods” at a rate of up to 4 % of APY. To qualify for this rate, you must prepare and maintain a direct deposit monthly at a value of $ 200 or more. If this requirement is not met, you will gain the basic rate of 0.25 % APY.

Note that 4 % APY is available on the first $ 2000 in each savings pod, which means that it applies to maximum $ 6000 deposits. PODs savings that exceed $ 6000 does not gain interest.

The current members provide an easy way to buy and sell the cryptocurrency in the current application.

To finance your investment account, you can transfer money from your current account or an existing bank account, deposit money or check. You can then choose from many cryptocurrencies, including bitcoin, ethereum, dogecoin, and more. There are no trading fees.

Customers can benefit from Advance Paycheck Current, allowing you to immediately reach up to $ 750 of the next salary for a fee, or within three free working days. There is no credit examination required to qualify, and provides current flexible payment plans.

Here is a set of drawings that you may face as a current member:

There are a few privileges and disadvantages of banking services with the current that you want to be aware of before opening an account.

Pros:

• Discount purchases earn bonuses: Users can earn one point for each dollar spent on food purchases and qualified groceries and recover those points to return to cash.

• No open drawing fees: Submit the outdoor drawing free of fees for members who prepare and receive qualified direct deposit.

• There are no monthly fees: Members do not have to pay a monthly fee for account maintenance or keep their account open.

cons:

• Savings are limited to the first $ 6000: The current 4 % APY savings pods provide up to $ 2000 per savings, with a maximum of three centuries. The balances that exceed this amount will not gain interest.

• There are no material branches: The current is Fintech that only works online, which means that members cannot do any of the banking services personally.

• Cash deposits fee: Current fees for making cash deposits, which can be a defect for members who want to finance their accounts in this way.

Representatives of the current account for chat 24/7 are available directly in the support department in the current application. You can also contact an email support actor on Support@current.com, or by filling an contact form on the current site.

The current download application is available on the application store and Google Play and contains a rating of 4.8 and 4.5 stars, respectively. Members can use it to verify account balances, transfer money between accounts, obtain assistance from a customer service representative, and more.

The current is Fintech, not a bank. Therefore, it is not a secure FDIC. However, your money is secured on the basis of FDIC based on a pass via Group Banks Choice Financial Group and Cross River, even federal borders.

Current works with two different exported banks. To select your router number, you will need to log in to the current application and move to the account> Check the application in the application to know which bank bank associated with your account.

The current does not receive any monthly maintenance fees.