Current Personal Loan App Review 2023

News Editor
Current Personal Loan App Review

Current is not a bank but instead is a financial technology company that helps people make smart money choices. It also provides various benefits through its account, including faster access to paychecks, spending insights, savings pods, and cash-back rewards, all without any overdraft fees or minimum balance requirements. Its CEO is Stuart Sopp. The Current was founded in June 2015 and is based in the Greater New York area. Current has raised $400M in funding to date.

They have some notable investors and partners, including popular YouTuber Mr. Beast.

Monetary services Choice Financial Group and Metropolitan Commercial Bank, both FDIC members, are making current offers. The Current Visa Debit Card may be used everywhere Visa debit cards are accepted and are also offered by Choice Financial Group and Metropolitan Commercial Bank under a license from Visa U.S.A. Inc.The removal of gas station waits, up to a two-day faster paycheck availability, and excellent teen money management is all features of Current’s accounts

These accounts can only be used on mobile. So, there are no desktop account access or administration options in addition to the absence of local branches that may be visited. As of this writing, only Current’s mobile app provides access to accounts.

Pros of Current mobile app which makes him the top instant loan provider:

  • Basic accounts are free monthly.
  • Individual savings objectives can be set using the savings pods.
  • A big ATM network in the US without surcharges

Cons as follows:

  • Not an account that pays interest
  • Monthly charges for use of the Teen account and Premium features
  • The only way to access your account is via a mobile app.

Account Fundamentals are as follows for current mobile app:

Individual Accounts: Currently provides a reliable personal account with no monthly maintenance costs, so everything is included.

  • No Requirements for a Minimum Balance
  • No overdraft fees up to a $200 overdraft
  • More rapid direct deposits (up to 2 days earlier)
  • 40,000 Free ATMs
  • Mobile check depositing pods for savings
  • Earn up to 15x points at selected merchants to receive infinite cashback.

Youth Account:

Additionally, parents can establish a Current Adolescent account for their teen. Teen accounts provide teenagers with some financial independence while also allowing parents to regulate several elements to erect barriers.

Through the app, parents may send money to their children who are in their teens, assign tasks to be completed, automate allowance payments, establish spending restrictions, prevent purchases from being made at particular stores, and get alerts of all transactions.

Teen accounts include the same round-up and budgeting tools as adult accounts, along with a debit card. One Savings Pod and one Giving Pod are included with teen accounts for those who want to donate to charities. 


Members of Current can earn incentives using a points system. Account members may now earn up to 15x points on purchases made at 14,000+ merchants, including well-known brands like Cold Stone Creamery, Rite Aid, and Subway. These points can be redeemed for cash back in your current account.

After a purchase, points are immediately awarded and may be redeemed inside the Current app for 100 points for $1. According to current estimates, merely using their card at participating gas stations would be enough for cardholders to earn up to $165 in cash back a year. Additionally, it claims that its app will continually add fresh deals. 

Mobile Application:

Through its mobile app, current accounts are maintained. Both Android and iOS users may download the mobile app. Get the app by going to the Current website. Current has received over 86k evaluations and a score of 4.7 out of 5 in the Apple App Store. The app has a Google Play Store rating of 4.6 out of 5 from over 93k users.

In what way Applicant does the applicant communicate With the Current?

Inside the app, a Current agent is always available for live conversation. You may reach someone on the phone by dialing 1-888-851-1172. Finally, you may send an email to to get in touch with the Current staff.

Closing views:

Parent/teen accounts are one of the innovative elements that Current provides to mobile banking that other financial institutions might not provide. However, you should think about whether you’re ready to stick to the severe daily spending caps given that you might simply locate a bank without these restrictions. However, Current could be a wonderful fit for your family if being able to give your adolescent an allowance and monitor their spending is vital to you.

Enrolling in Current is a wise financial move if you want benefits like speedier access to your salary, smartphone support, and a variety of choices for moving money automatically to savings.

Was this page helpful?

49 31

Start a conversation

Leave a Reply

Your email address will not be published. Required fields are marked *

More on this Topic