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Current teen banking
Finder score
On Current's secure site
$0 per month
Age requirements
Any age

Our verdict

This free teen checking account comes with parental controls and chores and allowance features.

Current's Teen Banking debit card gives teens some financial freedom while allowing parents to track their kids' spending. There are no specific age requirements, no monthly fees, and parents have a range of controls such as spending limits and blocking transactions from select merchants. Families can enjoy the chores and automated allowance features, as well as the savings roundup option to help teens achieve their goals. But parents must first get their own Current account before opening this account for their teen.

Best for: Teens aged 13 to 17 in need of a free digital bank account with chore and allowance features.


  • No monthly fee
  • Parental controls and spending limits
  • Roundup savings
  • Chore and automated allowance features


  • Parents must get a Current account
  • $3.50 fee for cash deposits

In this guide

  • Our verdict
  • Your reviews
  • Ask a question

Who is Current teen banking best for

The Current teen debit card is best for teens aged 13 to 17. Since it has no monthly fees, it’s a great way for any parent looking to give their teen some financial independence and learn money management skills. But parents need to download the app and get their own Current card before signing their teen up for this account.

What we like about Current teen banking

The biggest plus the Current teen debit card account has over competitors is it doesn’t charge any monthly fees, and there are no strict age requirements. While most teen checking accounts don’t come with a fee, kids’ prepaid debit cards with chores features often have monthly fees you can’t avoid, and some accounts require teens to be at least 13 to sign up.

Parents can also send funds instantly to their teen’s account, and Current has its own cash-sharing system called Current Pay, which lets you use a unique Current tag or a QR code to send and receive funds for free across Current accounts.

Strong parental controls

Parents can choose spending categories, set spending limits and decide when to turn the card on and off, all from the mobile app. Parents can also temporarily turn off ATM usage or block certain merchants.

Multiple family members can also add funds to the teen’s account, making it a great fit for all sorts of family situations or blended families. Other family members can co-manage the teen Current account without having access to each other’s bank account information.

Builds savings

While the account doesn’t offer a savings reward or APY, teens can opt into the savings roundup, which means every purchase made is rounded up to the nearest dollar and the difference is deposited into a specific savings goal.

Where it falls short

Parents need to download the Current app and get their own Current account before signing their teen up since the parent account and teen account must be linked.

Also, if your family travels frequently, you may want to keep your teen from using this debit card overseas. If used abroad, they’ll incur a 3% foreign transaction fee and a $3 fee for international ATM withdrawals.

Current teen banking‘s fees and access

Type of feeFee details
Monthly service$0
Opening deposit$0
  • Domestic: $0 within Allpoint network, or $2.50 fee out-of-network
  • International: $3 ATM withdrawal
Debit card fees
  • Cash withdrawals: $0 within Allpoint network, or $2.50 fee out-of-network
  • Foreign transactions: 3% of the full transaction amount
  • Card replacement: $5 regular delivery, $30 for expedited delivery
Overdraft or nonsufficient funds$0
Wire transfersN/A
Other fees
  • Paper statements: $2
  • Cash deposit: $3.50 per deposit

Compare Current with other debit cards for kids

Name Product Fee Age requirements Features Offer
Finder Score: 4.3 / 5: ★★★★★
$4.99 per month
6 to 18 years old
  • Automate allowance & instantly send money to your child
  • Optional parent-paid savings interest
  • Spending controls & limits
  • $4.99/month after Finder exclusive free trial
Get 2 months free and $10 allowance when you sign up to GoHenry with Finder's exclusive code: AFFUSFDR10.
Finder Score: 4.6 / 5: ★★★★★

Finder Award
Free trial
$5.99 per month
Any age
  • Spend, save & invest
  • Chores & allowance tools
  • Spending controls & limits
  • Instantly send money to your child
  • Up to 5% savings rewards
Get the first 30 days for free. After your one-month trial, plans start at just $5.99/month for the whole family. Includes up to five kids.
Current teen banking
Finder Score: 4.8 / 5: ★★★★★
Current teen banking
$0 per month
Any age
  • Automatic savings round-ups
  • $0 monthly fee
  • Spending limits and parent notifications
  • Instant transfers to your teen
    • Parent Current account required
Finder Score: 3.6 / 5: ★★★★★
Free trial
$5.99 per month
Any age
  • Parent-paid interest
  • No foreign fees
  • Real-time cash requests
One month free trial. After your one-month trial, plans start at just $5.99/month for the whole family. First 4 prepaid cards free.
Finder Score: 4 / 5: ★★★★★
$5.95 per month
7 to 17 years old
  • Set up allowance and chores
  • Real-time spending notifications
  • Instantly lock and unlock your child’s card
  • Quizzes, videos and games teach kids about money
  • Earn redeemable rewards points

How to open the Current teen banking

To open a Current teen account, parents or guardians must first sign up for their own Current account. Next, your teen must download the Current app on their phone and sign up. Then, link your Current account with your teen’s account and fund it.

Customer experience

Current is accredited with the Better Business Bureau (BBB) and holds an A rating. Most of the reviews on the BBB are about Current’s main account and not their teen account.

There are over 700 complaints, and most appear to be attempts to resolve fraudulent charges, unauthorized charges or fixing frozen accounts. Customers praise how easy it is to sign up, but report difficulties getting in touch with a representative.

On Trustpilot, Current holds a 4.3-star rating out of over 5,000 reviews. Most reviews are about its main account as well. Many customers state they’ve had Current for years with no issues. But other customers say direct deposits are inconsistent, occasionally being deposited a few days later than expected.

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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Bethany Finder

Editor, Banking

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