Key Data

• Trading Name: Current
• Legal Entity: Finco Services, Inc.
• Activities: Digital banking app
• Location: New York, USA
• Regulations:it offers banking services through Choice Financial Group, and crypto products via Zero Hash, a licensed MSB.
• Key People: Stuart Sopp, (Linkedin) former Head of Trading at Morgan Stanley and Citi

Current is a purely digital banking app, with over 4 million users, and offers a range of banking services designed to simplify and take the stress out of financial management.

Current was founded in 2015 by Stuart Sopp, (Linkedin) former Head of Trading at Morgan Stanley and Citi.

The company has received $402.4M in venture capital funding, including a $220M Series D funding round in April 2021.

Offering

They provide a debit card that easily syncs with an existing bank account, a user-friendly mobile app, and a range of other benefits, like:

• Direct deposits
• Mobile check deposit
• Refunds from fuel stops
• Cashback
• Savings bins

You can deposit money into your checking account by taking a photo of your checks and using a mobile deposit or setting up direct deposit. You can also transfer money from an outside bank account.

Current offers two accounts, a checking account, and a youth account, and there are no monthly fees for either.

The service is available to customers throughout the United States.

Current is not a bank, but it offers banking services through Choice Financial Group, and crypto products via Zero Hash, a licensed MSB.

We could not find any irregularities around Current and rate it green.