Current
Current is a financial technology company offering a variety of features including credit building, faster access to funds, fee-free overdrafts, and cryptocurrency trading without fees. It serves over 4 million members and provides access to over 40,000 fee-free ATMs.
Services
Current offers a range of financial services to its members. Some of these services include the Build Card feature, which helps users build credit with everyday purchases, and faster access to funds through direct deposit, allowing users to be paid up to 2 days earlier. The company also offers a Fee-Free Overdraft feature for users who receive $500 or more in qualifying deposits over the preceding 30-day period. Additionally, the Savings Pods feature allows users to earn up to a 4.00% annual bonus on their savings.
Cryptocurrency Trading
Current enables its users to buy and sell cryptocurrency without trading fees through a partnership with Zero Hash LLC. This allows members to engage in the growing cryptocurrency market without incurring transaction costs, providing a seamless and cost-effective means to trade digital currencies.
Membership Benefits
Current boasts over 4 million members, offering them access to a variety of features and benefits. These include a Points program where users earn points on purchases that can be redeemed for cash back. Members also have access to over 40,000 fee-free ATMs. Furthermore, the Round-Ups feature helps users save spare change from purchases into Savings Pods, promoting better financial habits.
Teen Banking Feature
Current offers a Teen Banking feature that is designed to provide financial freedom to teens while allowing parents to maintain visibility and security over their finances. This feature includes parental controls and insights, ensuring that teens can learn to manage their money responsibly under the guidance of their parents.
Financial Safety and Security
Current ensures the financial safety and security of its users through FDIC insurance up to $250,000, provided by Choice Financial Group and Cross River Bank. Users can also benefit from the secured charge card issued by Cross River Bank. This overall framework of security features safeguards the financial properties and transactions of the users.