| Referral code: | WELCOME50 |
| What you get: | $50 bonus. |
| When: | 10 business days after requirements are met. |
| Requirements: | Receive a direct deposit of $200 or more within 45 days. |
Current is a modern digital banking platform that offers notable features like a high savings rate, automated savings via roundups, and an integrated teen banking platform.
Here’s how to get the $50 bonus:
- Sign up for a Current banking account.
- Enter the code WELCOME50.
- Receive a qualifying direct deposit of $200 or more within 45 days.
The deposit must come from your employer or benefits provider. Deposits from linked funding sources or instant money transfer services will not qualify.
What Makes Current a Different Kind of Banking Platform?
To learn more about what makes this platform unique, read our in-depth Current.com review.
We like Current for its high interest rate combined with the fact that there are no hidden fees, no minimum balance requirements, and no overdraft fees to worry about.
Current’s optional automated savings feature rounds up your purchases to the nearest dollar and automatically sets the difference aside. This is similar to what you get with Acorns, which charges a monthly fee.
Current also has a very user-friendly budgeting app built into the platform that enables you to quickly categorize expenses and get valuable insights into your spending habits so that you can identify areas where you can cut back and save more money.
How Does Current.com’s Sign-Up Bonus Compare?
The bonus is about average for banking platforms with a low direct deposit threshold.
For example, Chime’s bonus offer of $100 for new users is among the highest available. MoneyLion is currently offering up to $55 for those who receive a $200+ direct deposit.
While Current may not have the highest bonus, it does make up for it with a higher APY than other options. You can get up to 4% on balances up to $6,000 with Current, which is far more than MoneyLion or Chime.
Final Thoughts
If you’re in the market for a new banking solution, we like what Current offers. With a $50 bonus for new members, there’s never been a better time to sign up.
