Current: fees, parental controls & FDIC status
Current is a mobile banking app popular with teens and young adults (teen accounts are parent-managed); it is a fintech, not a bank — banking services are provided through partners including Choice Financial Group, and its early prepaid product has a withdrawn CFPB agreement on file.
Every figure on this page is sourced to an official document — see how in our methodology. Research information only, not financial advice.
Fees
- monthly
- $0 base plan (paid tiers available)
FDIC coverage, verified
Checked against the FDIC BankFind registry by certificate number — not the app's marketing copy.
CFPB complaints
2211 complaints on record at the CFPB for FinCo Services Inc DBA Current, by product:
- Checking or savings account 1454
- Credit card 268
- Money transfer, virtual currency, or money service 163
- Credit reporting or other personal consumer reports 146
- Credit card or prepaid card 71
- Prepaid card 52
- Debt collection 34
- Payday loan, title loan, personal loan, or advance loan 15
- Debt or credit management 6
- Credit reporting, credit repair services, or other personal consumer reports 2
Frequently asked questions
Is Current FDIC insured?
Current itself is not a bank. Deposits are held through partner banks such as Choice Financial Group, FDIC certificate 9423 — an active FDIC member verified against the BankFind registry; pass-through coverage depends on the partner holding your funds.
How much does Current cost?
The base plan has no monthly fee; paid tiers with extra features are optional. Teen accounts are managed and funded by a parent or guardian.
Sources
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