If youre not withdrawing only from your own banks ATM, you are probably familiar with the high fees that are charged for withdrawals. On average, banks charge non-customers $1.50 – $3.50 to use their ATMs. Non-bank ATM operators can charge up to $10 per transaction.
Even as these fees may only appear to be an inconvenience when withdrawing, they can add up, especially for lower-income households or people who have to frequent ATMs. Current is determined to provide free ATMs for its customers and is working hard to do so.
Current is a new type of banking alternative and a lot of the features are ideal for individuals looking for better ways to track and manage their money. It is built around the idea that people deserve financial flexibility and freedom in their everyday life.
The company, which has over four million users, provides access to 40,000 fee-free Allpoint ATMs in the US.1 In the Current app, members can go to the $ tab and click on Free ATM Finder. The app will then show a map of all fee-free ATMs within 1000 meters of the location and if the user zooms out, the map will expand.
These ATMs are high-performing and located everywhere from grocery stores, to bodegas, pharmacies, and more.
Current also offers a variety of other programs and features that make banking simple. The company offers cash-back rewards for their debit card. Perhaps one of the most unique features is that the company offers direct deposits up to two days earlier than your scheduled pay date.2 The mobile banking app also lets you overdraft up to $200, pending approval, with no overdraft fees. There are no minimum balance fees either.3 Currents app also allows for buying and selling crypto without trading fees, conveniently all in one place. For individuals who arent looking to invest in a volatile market, Current offers savings pods with up to 4.00% APY.4
Whether youre fed up with your current bank or looking for a more modernized and flexible approach to banking, Current might be the way to go. The company prioritizes the users experiences by providing features tailored to the needs of the modern consumer.
Featured Photo by Linoleum Creative Collective on Unsplash
This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.
1Out of network cash withdrawal fees, third-party, and cash load fees may apply.
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 Please refer to Overdrive Features Terms and Conditions. Out of network cash withdrawal fees, third-party, and adding cash fees may apply.
4 The Annual Percentage Yield ("APY") for Current Interest is variable and may change at any time. The disclosed APY is effective as of January 18, 2023. Qualifying direct deposit of more than $200 required for 4.00% APY. No minimum balance required. Must have $0.01 in Savings Pods to earn Current Interest on up to $2000 in deposits per Savings Pod up to $6000 total. Please refer to Current Interest Terms and Conditions.
Cryptocurrency services are powered by Zero Hash LLC and Zero Hash Liquidity Services LLC, and may not be available in all states. Licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services. Terms and conditions apply. When you buy or sell cryptocurrency, a difference between the current market price and the price you buy or sell that asset for is called a spread. However, unlike most other exchanges, Current does not charge an additional trading fee. All forms of investments carry risks, including the possible loss of principal. Cryptocurrency is not subject to FDIC or SIPC coverage.
Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC. The Current Visa Debit Card is issued by Choice Financial Group pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
