Current Checking Account Review

Current has modernized the traditional banking experience by using technology to streamline processes and help account holders build credit as they spend. For example, there are no minimum balance requirements with a Current account. Customers can withdraw money without ATM fees at over 40,000 in-network Allpoint ATMs* in the US. You can connect external bank accounts to your Current account and transfer money instantly to other members on Current with Current Pay. You can also visit some 60,000 participant stores to make cash deposits.

Current recently added an interesting product to augment its already robust checking account features. Known as Current Build, it's a secured credit card that allows users to build credit as they make purchases and pay their bills on time. A secured credit card is funded by the user. Cash deposited into the account serves as balance that customers can borrow against up to the amount deposited. Because the credit card is secured by user funds, cardholders needn't undergo a credit check to get one. As you make on-time payments, Current reports them to the credit bureaus and you build an on-time payment history. Theoretically, your credit score will increase, but users should understand that it's not an instantaneous process. Building credit takes some time.

The Current Build card comes with many of the features of Current's tradition credit card. There are no minimum deposit or minimum balance restrictions. Users pay no monthly fees. Other features include paychecks up to two days faster with direct deposit, fee-free ATMs, up to 4% APY, cashback rewards and no fee crypto buying and selling.

The Current Build card is ideal for people who are seeking to improve their credit and normally use a debit card for purchases.

Current account holders are not subject to many of the fees and restrictions other online checking accounts impose. No minimum monthly balance is required to access the company's variety of services.

Compared to many online banks, the company makes depositing money pretty easy. You can deposit cash at 60,000 participating retail locations, using bank or wire transfers, or by making mobile check deposits using your smartphone. Customers also have the opportunity to earn points for purchases at participating stores. Points can be redeemed for cash in-app.

Current receives mixed reviews from consumers. Trustpilot gives the company an excellent rating of 4.2 out of 5 stars, but the Better Business Bureau awards it a poor D rating. There have been 6 complaints filed against the company with the Consumer Financial Protection Bureau. Reviewers who are critical of Current frequently cite an inability to communicate with Current as their chief complaint. Others criticize the company for over-promising when it comes to fast or instant deposits.

The company offers a 24/7 live chat, plus email support feature through its app.

Current earns 4.7 out of 5 stars on the Apple App Store and 4.6 out of 5 stars on Google Play. Positive reviews of the company often cite the app as a reason for high ratings.