Current
Finco Services, Inc.
Data verified on unchanged since the sources
Worth it if you live in the United States and want a no-fee spending account: FDIC-insured deposits up to $250,000 via partner banks and fee-free crypto trading.
Avoid it if you're in Italy or want an actual bank: it's US-only and relies on partner banks to hold deposits.
Current (Finco Services, Inc.) is a US mobile banking provider based in New York, founded in 2015 by Stuart Sopp and Trevor Marshall. It offers no-fee spending accounts with early paycheck access, fee-free overdraft, credit building, high-yield savings and fee-free crypto trading (in partnership with Zero Hash). It is not a bank: deposits are held and insured up to $250,000 through partner banks Choice Financial Group and Cross River Bank (Member FDIC). The service is available only in the United States.
Data & conditions
| Service type | Stablecoin infrastructure |
|---|---|
| Pricing model | Not disclosed |
| Customer type | Platforms |
| Fund custody | Custodial (platform holds funds) |
| Supported countries | US |
| Regulator | Depositi presso banche partner (Choice Financial Group, Cross River Bank), Member FDIC |
| OAM Italy registration | No |
| Segment | B2C |
| MiCA / License status | Not disclosed |
Strengths
- No-fee spending account with no overdraft fees
- FDIC-insured deposits through partner banks (up to $250,000)
- Fee-free crypto trading via Zero Hash
- Large user base (4M+ members claimed)
- No notable sovereignty advantage documented.
Weaknesses
- Available only in the United States, not in Italy
- Not a bank: relies on partner banks for deposits
- Crypto limited to trading via a third party (Zero Hash)
- Custodial: the platform holds your funds and can freeze or lose them.
Verdict
Score 3.5/5, solid profile. In its favour: no-fee spending account with no overdraft fees. The trade-off to weigh: available only in the United States, not in Italy.
On the Sovereignty lens the score is 0.0/5 (weak): the strength is fund control (0.0/5).
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Can I use Current from Italy?
No. Current is a US mobile banking service, available only to residents of the United States.
Is Current a bank?
No. It is a fintech: deposits are held and FDIC-insured through partner banks Choice Financial Group and Cross River Bank.
Sources
- Official service page Data verified on Jul 17, 2026
- en.wikipedia.org Azienda · Fondazione Data verified on Jul 17, 2026