Current

Current allows you to give your child a debit card that you may still monitor and even control if you wish. It allows parents to give their children a debit card without the fear of their child spending money that they do not have, overspending, spending beyond their budget, or overdrawing on the card.

Features:

BUILD CREDIT: Use your Build Card to build credit while you bank, no credit checks required

PAYCHECK ADVANCE: Qualify for up to a $750 Paycheck Advance with no mandatory fees⁶

SKIP ATM FEES: Get fee-free cash withdrawals from 40,000 Allpoint ATMs in the U.S.¹

FASTER DIRECT DEPOSITS: Payday comes up to 2 days faster with direct deposit²

BE COVERED: Access fee-free overdraft up to $200⁵

SAVE: Earn up to 4.00% annual bonus on your savings³

GET REWARDED: Earn 1x points for every dollar spent at any grocery store or restaurant⁴

GET HELP: 24/7 support in the app

Note:

1.Out of network ATM fees of $2.50 per transaction may apply except at Allpoint ATMs in the U.S.

2.Faster access to funds is based on comparison of traditional banking policies and deposit of paper checks from employers and government agencies versus deposits made electronically. Direct deposit and earlier availability of funds is subject to timing of payer's submission of deposits

3.The Boost rate on Savings Pods is variable and may change at any time. The disclosed rate is effective as of August 1, 2023. Must have $0.01 in Savings Pods to earn a Boost rate of either 0.25% or 4.00% annually on the portion of balances up to $2000 per Savings Pod, up to $6000 total. The remaining balance earns 0.00%. To earn a Boost rate of 4.00%, the sum of your Eligible Payroll Deposits over a rolling 35-day period must be $500 or more, with at least one Eligible Payroll Deposit equalling a minimum of $200. See Boost Terms

4.For eligible customers only. Earn Points on Build Card purchases at retailers classified as Dining and Groceries. Points amounts and earning requirements vary at Current’s discretion. Points expire 365 days after settling. See Points Terms

5.Actual overdraft amount may vary at Current’s sole discretion. To qualify, you must receive $500 or more in Eligible Payroll Deposits into your Current Account over the preceding 35-day period and fulfill other requirements subject to Current’s discretion. Negative balances must be repaid within 60 days of the first Eligible Transaction that caused the negative balance. See Fee-free Overdraft Terms

6.For eligible customers only. Your actual available Paycheck Advance amount will be displayed to you in the mobile app and may change from time to time. Conditions and eligibility may vary and are subject to change at any time, at the sole discretion of Finco Advance LLC, which offers this optional feature. Finco Advance LLC is a financial technology company, not a bank. Expedited disbursement of your Paycheck Advance is an optional feature that is subject to an Instant Access Fee and may not be available to all users. Expedited disbursements may take up to an hour. See Paycheck Advance Terms

Conclusion:

The Current debit card doesn’t hide fees, you have to pay a set amount each month and that is all. The card system works to allow you full access to the account and your child full access to the account. You may set up automated payments to ensure your child receives his or her maintenance money or spending money, and all the time you are able to stay in the loop and see what your child is spending his or her money on.