Current review (2026): Tech-forward mobile banking with competitive rates and low fees

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Summary: Current is a financial technology company headquartered in New York City that offers banking products and services. It provides mobile-first banking services and partners with FDIC-member banks such as Choice Financial Group and Cross River Bank to insure customer deposits.

Current’s Spend Account is a bank account that allows you to build credit, earn points, and get paid up to two days early. Account holders can earn one point for every dollar spent on eligible dining and grocery purchases and redeem those points for cash back. There are no annual fees, minimum balance requirements, in-network ATM fees, or bank transfer fees associated with this account.

Current members can park their savings in up to three separate " Savings Pods " with a rate of up to 4% APY. To qualify for this rate, you must set up and maintain a monthly direct deposit of $200 or more. If this requirement isn’t met, you’ll earn the base rate of 0.25% APY.

Note that the 4% APY is available on the first $2,000 in each Savings Pod, meaning it applies to a maximum of $6,000 in deposits. Savings Pod balances above $6,000 do not earn interest.

Current offers members an easy way to buy and sell cryptocurrency in the Current app.

To fund your Invest account, you can transfer money from your Current account or an existing bank account, or deposit cash or a check. You can then choose from several cryptocurrencies, including bitcoin , ethereum, dogecoin, and more. There are no trading fees involved.

Eligible customers can take advantage of Current’s paycheck advance, which gives you instant access to up to $750 of your next paycheck for a fee, or within three business days for free. There is no credit check required to qualify, and Current offers flexible repayment plans.