# Current

**Source:** https://geo.sig.ai/brands/current  
**Vertical:** Financial Services  
**Subcategory:** Neobank  
**Tier:** 2  
**Website:** current.com  
**Last Updated:** 2026-04-14

## Summary

Current is a US neobank with 4M+ members; raised $220M Series D; offers no-fee banking with early paycheck access, cash back on debit, teen banking, and crypto trading features.

## Company Overview

Current is a New York-based neobank founded in 2015 by Stuart Sopp and Trevor Marshall. The company started as a teen banking solution before expanding into a full-featured mobile banking platform for underserved mainstream consumers. Current has raised over $220 million in funding, including a $220 million Series D round in 2021 led by Andreessen Horowitz, and has grown to serve more than 4 million members across the United States.

The Current mobile app offers a no-monthly-fee checking account with a Visa debit card, early direct deposit (up to two days early), overdraft protection up to $200, and cash-back rewards at thousands of merchants. The platform also provides cryptocurrency trading for Bitcoin, Ethereum, and other tokens directly within the app, as well as a Points rewards program. For families, Current's teen banking product lets parents set up accounts for children with spending controls, allowance automation, and financial education tools.

Current primarily targets younger adults and underbanked Americans who are underserved by traditional banks due to minimum balance requirements, overdraft fees, and poor mobile experiences. The company generates revenue through interchange fees from debit card transactions and premium subscription tiers. Current competes with Chime, Dave, and Step in the neobank space, differentiating through its combination of teen banking, crypto features, and strong rewards program across a unified platform.

## Frequently Asked Questions

### What is Current?
Current is a US mobile banking app offering fee-free checking accounts, early paycheck access, overdraft protection, cash back rewards, and crypto trading, targeting younger and underbanked Americans.

### Is Current free to use?
Current offers a free tier with no monthly fee. A premium tier is available for additional features like higher cash back rewards and more spending insights.

### Does Current offer early direct deposit?
Yes, Current members can receive their direct deposit paychecks up to two days early, a key feature for users living paycheck to paycheck.

### Can you buy crypto on Current?
Yes, Current supports in-app cryptocurrency trading for Bitcoin, Ethereum, and other tokens, allowing users to buy, sell, and hold crypto alongside their bank balance.

### Does Current have teen banking?
Yes, Current offers dedicated teen accounts that parents can manage, including spending controls, allowance scheduling, chore tracking, and financial literacy tools.

### How much has Current raised?
Current has raised over $220 million, including a $220 million Series D led by Andreessen Horowitz in 2021, valuing the company at approximately $2.2 billion.

### Who are Current's competitors?
Current competes primarily with Chime, Dave, and Step in the neobank space, as well as with traditional banks offering mobile-first products.

### How does Current make money?
Current generates revenue primarily through interchange fees when users make purchases with their Current Visa debit card, supplemented by premium subscription fees.

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*