Current.com 2021 Review • Pros, Cons and More • Benzinga


Banking applications are where it is today, and Current.com is one of the best. You can create and use a Current.com Visa debit card for yourself, but the real gem of this app is the linked individual accounts for your children. Each child has their own account that you can fund and control. Your child’s work paycheck can also be deposited directly, and Current.com’s tutorials and features allow kids to buy, pay, send money, set savings goals, and fundraising and learn the basics of budgeting.

Current.com lives up to its slogan, Banking for Modern Life. Sign up for a card in minutes, find it in your mailbox a week later, and start spending. Benefits include no minimum balance requirement, ways to earn points from purchases and get cash back, free ATMs everywhere, immediate fuel hold refunds at the pump and instant free money transfers with Current Pay. In addition, Current.com supports Google Pay.

You can block transactions when you need them and rely on the security of an EMV chip on every debit card. Prime subscribers can customize the look of their debit cards. Their newsletter provides updates on what is happening at Current and in the financial world.

Fun Fact: Current.com was the country’s first fintech to immediately receive and credit account holders with the second round of government stimulus payments. Current founder Stuart Sopp stressed the importance of distributing this money to desperate Americans because “almost two-thirds of the stimulus funds were spent within five days in April.”

Current.com offers a reliable service as a debit card for you and your teens that you can monitor and control. This works well for co-parent families, as more than one adult can supervise a juvenile user. In addition to no fees or overdrafts, Current.com allows users to budget through standard expense categories, set up specific savings modules, and designate funds for any charity they wish to support. .

The Current.com basic parental account is free; parents can stop there and be able to open an account for their teenager for $ 36 per year. Each teen account incurs an annual fee of $ 36. If you are a parent of three children, you will pay $ 36 per year per teenager. Subscribing as a parent to Premium for $ 4.99 per month (about $ 60 per year) opens the door to additional services such as early access to paycheck direct deposits, a personalized card and the possibility configure savings modules and give out balances.

Current.com is working diligently to resolve customer experience issues. However, as with many app-based customer services, it can sometimes be difficult to reach a real person. Plus, some of the documentation required to set up and verify an account can be overwhelming for teens and parents working on setting up the card or checking for potential card fraud.

More than anything, Current.com is designed to be used in action. Its app is easily accessible, and its purchasing power allows users to seamlessly pay for needs and wants. No more frantic calls from your high school student stranded at the gas station, late for a football game, and unable to cover gasoline costs for an empty tank, requiring your rushed departure from work to resolve the issue. The mobile application works well with Iphone and Android.

Ease of use without any technological glitches is the highlight of a customer’s experience with paid apps, and Current.com has it covered. Reliable purchasing power for you – and for your teenager but controlled by you – makes everyone’s life easier on a daily basis. And anything that works well every time gives a collective family a high five.

Don’t worry about overdrafts or surprise fees, Current.com is a great choice for money management. We like the ability for parents to create payment modules or for teens to organize specific savings or donation goals. Parental monitoring in the background means teens are getting money-savvy with less annoying parenting conferences and sidelong glances.

If your teen wants to donate to charity, they can set a goal and once that goal is met, their donation will be sent to the charity of their choice. So much young people care deeply about important issues, and with a Current.com card, they can make a tangible difference.

A review of Current.com wouldn’t be complete without verifiable assurance that this banking app views cybersecurity as its top priority. Its levels of encryption protect your data in transit and at rest.

You and your kids can’t go wrong with the Current.com banking app. Sign up for the 30-day free trial and see how useful it is. An effective tool like this allows the financial efficiency of the family to surpass itself. The end result of more control over your money is … more money.

Other banking apps are hitting the market, but few offer the benefit of parenting teenage accounts. When choosing a banking app, you want to be able to see balances, make payments, and receive money on the go. You are looking for user-friendly and transparent access, without technological problems and with strict cybersecurity protections. If you’re having an issue that can’t be fixed online or through a chat system, you want to be able to talk to a real person.

Most of Current.com’s competitors offer the same overdraft protection, the same transparency of their fee structure, plenty of free ATMs, and advance paycheck programs. Current.com enables you to give your children hands-on training that will ensure their financial freedom earlier in their young lives.

Current.com is intuitively user-friendly, but you can learn more about creating and managing an account on YouTube or at Current.com.

Frequently Asked Questions

Is Current a good bank?

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Is Current a good bank?

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Kathryn Hauer, CFP®

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Current.com is not technically a bank, although it does provide similar services to a bank. Current.com is part of a growing financial industry in financial technology or fintech Category. The line between banks and fintech companies is blurring as fintech gains ground. You want to make sure that the fintech company you choose will protect your money in the event of organization fraud or bankruptcy.

The customer’s money in a normal bank is insured by the Federal Deposit Insurance Corporation (FDIC), “An independent agency created by Congress to maintain stability and public confidence in the country’s financial system; it insures deposits and examines and supervises financial institutions to ensure their safety, soundness and consumer protection. “

Current.com provides FDIC insurance to its customers by partnering with Choice Financial Group bank to insure your deposits with Current are right to up to $ 250,000 of FDIC pass-through deposit insurance coverage through their issuing bank. Other competitors may not offer the same type of security.

Just because the website says “FDIC insured” you still want verify this statement. Ask the company who is the custodian of your money how and when your funds are deposited in an FDIC insured bank and what the name of the FDIC insured bank is.

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Is Current a good debit card?

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Is Current a good debit card?

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Kathryn Hauer, CFP®

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Current.com is a reliable debit card for users of all ages, but its youth accounts make it a great value for busy families. Today’s teens don’t mess around when it comes to make money. Many high school students have paid jobs; others have side scrambles or company gigs that make money. If you or your teen is making money, you are also interested in managing what you earn so that you can do more. Current.com’s debit card allows you to do this easily and hassle-free.

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About Kristina McManus

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