Current teen banking review

Track your teen’s chores, allowance and spending with Current debit card.’s rating: 4.8 / 5.0


Current Bank’s Teen Banking debit card gives you the ability to set up allowances and track your teen’s spending. You can digitally negotiate how much chores are worth and schedule recurring deposits. But the account may not be right for someone looking to teach their teen about more traditional banking.

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$0 per month





Minimum deposit to open


Fee$0 per month
Minimum deposit to open$0
ATMsover 40,000 fee-free in-network Allpoint ATMs in the U.S.
ATM transaction fee$0
Out-of-network ATM fee$0
Foreign transaction fee3%
Overdraft fee$0

Review by

Heather Petty is a personal finance writer at Finder specializing in home loans, banking and insurance. After falling victim to a disreputable mortgage broker when buying her first home, she’s on a mission to help readers avoid similar experiences when managing their own finances. A self-proclaimed word nerd, her writing has been featured on MSN, and, among others. Heather previously worked as a technical writer and editor for the casino systems industry and is an internationally published young adult mystery author. She holds a bachelor’s degree in English with a minor in journalism from the University of Nevada, Reno.

Expert review

The Current teen banking debit card helps you track your child’s chores and allowance. It’s best for teens who are just learning how to manage their money and enjoy the roundup feature to help them achieve their savings goals.

Parents also have control over setting spending limits, turning the card on and off and also blocking transactions on ATMs or certain retailers. And since this card has no monthly fee, it won’t eat into your kid’s savings. But its hefty international fees might make you think twice about using this card abroad.

How do I open a Current teen banking account?

Sign up for the Current teen banking card in nine steps:

  1. Visit the Current website Cash from the home menu.
  2. Click More about teen banking and then Get started.
  3. Enter your mobile number and then click Sign up.
  4. Once you receive the text message, download the Current app.
  5. Open the app and click Get started.
  6. Verify your number and click Next. Enter the verification code.
  7. Provide your email address, full name, birth date and click Sign up.
  8. Choose the Teen account and add your teen’s information.
  9. Select which card you want your teen to receive.


To sign up, primary account holders must meet the following requirements:

  • At least 18 years old
  • US citizen or permanent resident
  • Valid US residential address

Your teen must meet the following requirements:

  • At least 13 years old
  • US citizen or permanent resident

Required information

You’ll need a smartphone and the following on hand when you’re ready to apply:

  • Valid driver’s license, passport or permanent resident card
  • Valid Social Security number
  • US residential address

6 benefits of a Current teen banking

Similar to other debit cards, you’ll have the ability to track your spending and setup alerts. Other benefits include:

  1. No monthly fee. While most kids debit cards come with a monthly fee, the Current Bank’s Teen Banking debit card won’t cost you a thing to use.
  2. Person-to-person transfers. Its Current Pay feature serves as a money transfer app allowing you to send or request money from other Current members using a unique handle or QR code.
  3. Round-up for savings. Every purchase made is rounded up to the nearest dollar and the difference is deposited into a specific savings goal.
  4. Parental controls. Choose spending categories, set spending limits and decide when to turn the card on and off all from the mobile app.
  5. Transaction blocking. Temporarily turn off ATM usage or block certain merchants.
  6. Separate funding sources. Unlike most accounts for kids and teens, divorced parents can co-manage this one without having access to each other’s bank account information.

2 things to look out for

Consider the following before you sign up for a Current teen banking card:

  1. Requires a linked parental account. Parents need to sign up for Current first and connect a bank account before connecting a teen account.
  2. Additional fees. You’ll incur a 3% transaction fee for purchases made abroad, $3 for international ATM withdrawals and $2 if you receive paper statements.

If you want a debit card with lower fees, you’ll want to keep looking. As always, compare your options when considering a debit card for your teen.

Compare Current with other checking accounts for teens

Browse a few other teen checking accounts with competing interest rates and opening deposits.

Name Product Annual Percentage Yield (APY) Fee Minimum deposit to open
Alliant Kids Savings Account
Finder Rating: 4.6 / 5: ★★★★★
Alliant Kids Savings Account
$1 per month
(can be waived)
This Kids Savings Account has no maintenance fees with e-statements and a high APY with a minimum daily balance of $100.
Capital One Kids Savings Account
Finder Rating: 4.7 / 5: ★★★★★
Capital One Kids Savings Account
Kids Savings Accounts are fee-free and don’t require a minimum balance.
BECU Early Saver Youth Account
Finder Rating: 4.7 / 5: ★★★★★
BECU Early Saver Youth Account
Up to 4.07%
Offers your child a premium interest rate on the first $500 in deposits.
Justice Federal Credit Union Young Savers
Finder Rating: 4 / 5: ★★★★★
Justice Federal Credit Union Young Savers
Up to 0.10%
Justice Federal designed the Young Savers Account especially for children to start saving money early and to learn money management skills.
Bank of America Minor Savings Account
Finder Rating: 3.6 / 5: ★★★★★
Bank of America Minor Savings Account
Help a child build a savings account and learn about banking.

Compare up to 4 providers

How long will it take to get my card?

Your teen’s card will arrive within two weeks, but you can start loading funds to their account immediately.

I got the card. Now what?

Once your teen receives their card, you can start managing the account:

  • Allowances. Set up recurring transfers on a daily, weekly, bi-weekly or monthly basis to act as your teen’s allowance.
  • Chores. Set up a list of chores for your teen with a payment attached.
  • Real-time alerts. Set up alerts to your teen’s spending.

Is the Current Teen account safe?

Yes. Current uses encryption to safeguard your data to keep it out of the wrong hands. Your account is also FDIC-insured up to $250,000.

On the user end, you can conveniently pause or replace your debit card from the mobile app. And each debit card is equipped with EMV chips for secure transactions.

Current Teen account reviews and complaints

Current has mixed reviews online. It’s not accredited with the Better Business Bureau (BBB) and has a 1.63 out of 5-star BBB rating based on 46 customer reviews with a little less than 500 complaints over the past year. On the other hand, Current has an impressive Trustpilot score — 4.0 out of 5 stars based on 1,570 reviews as of March 2022.

Customers praise how easy it is to sign up, but report a frustrating customer service experience, including difficulty getting in touch with a representative.

How do I contact Current customer support?

Speak to a Current representative by:

  • Emailing
  • Live chatting with an agent from the mobile app 24/7.
  • Submitting a contact form request on the Current website.

Kids’ debit card ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top debit cards for kids and rate them one to five stars based on factors that are most important to you. We rate kids’ checking accounts by these factors: Monthly fee, features, ATM access, customer support options, and availability. We also consider APY as a factor only for those that earn interest. We rate prepaid debit cards for kids by these factors: monthly fees, features, customer support options and account availability.

Read the full methodology of how we rate Kids’ debit card accounts.

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