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Current vs FamZoo

Current is a simple, digital-only banking app with impressive bonus and cashback. How does it compare to FamZoo? Read our comparison chart below.

Current offers mobile-only banking for adults and teens. It offers cashback rewards, interest on savings, faster direct deposit, and fee-free overdrafts. There are no monthly fees and no minimums.

While FamZoo is a virtual family banking app. It has more features than other similar apps, though there's no investing. Some unique features include IOUs, informal loans, first dibs chores, and parent-paid interest plans. The base cost is $5.99/mo per family, but you save more if you prepay.

Compare Current with FamZoo, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 CurrentFamZoo
 Visit SiteVisit Site
 

Current

FamZoo

SPECIAL OFFER
Build Credit While You Bank - Learn More

Read Current Review

SPECIAL OFFER
FamZoo Prepaid Card for Kids and Teens - Learn More

Read FamZoo Review

 

Benefits and Features

SavingsUp to 4.00% bonus on your Savings Pod, on up to a total of $6,000Parents can set up a custom interest rate to encourage kids saving
CheckingEarn up to 15x points on purchases at participating merchantsPrepaid debit cards for multiple kids
Monthly Fee
$0
$5.99 per month, OR
$25.99 for 6 months
$39.99 for 12 months
$59.99 for 24 months
Kids Debit Card
Check
Check
Minimum Deposit to Open
$0
$0
Mobile App
iOS & Android
iOS & Android
ATMsFree access to 40,000+ Allpoint ATMsAny ATM, but the ATM owner may charge a fee.
 

CreditDonkey® Reviews

 CurrentFamZoo
SavingsStarStarStarStarEmpty Star
Minimum DepositStarStarStarStarStarStarStarStarStarStar
CheckingStarStarStarStarStar
PriceStarStarStarStarStarStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarStarStarStarStarEmpty StarEmpty Star
Customer ServiceStarStarStarEmpty StarEmpty StarStarStarStarStarStar
Ease of UseStarStarStarStarStarStarStarStarStarEmpty Star
EducationStarStarStarEmpty StarEmpty StarStarStarStarStarStar
Pros & ConsPros:
  • High savings rate
  • Up to 15x cash back at 14k stores
  • Ability to deposit cash
Cons:
  • No web platform
  • Email-based support only
  • Requires direct deposit to earn the boosted bonus
Pros:
  • One price for entire family
  • No bank account needed
  • Up to 60 day free trial
Cons:
  • No ATM network
  • No investing
  • App is dated
Bottom LineSimple, digital-only banking app with impressive bonus and cashback... Read full reviewGood value family finance app with robust features... Read full review
 Visit SiteVisit Site

FamZoo Prepaid Card for Kids and Teens

Current: Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC, and Cross River Bank, Member FDIC.

FamZoo: Pricing information from published website as of 05/01/2022

Current

Build Credit While You Bank

  • Get Paid Up to 2 Days Faster
  • Build credit and earn points with every swipe
  • 40,000 fee-free Allpoint ATMs in the U.S.
  • No credit check, minimum balance or hidden fees
Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC, and Cross River Bank, Member FDIC.
Current

Current Savings - Up to 4.00% bonus

  • 4.00% bonus on up to $6,000 balance if you receive and maintain a qualifying direct deposit of $200 or more in a rolling 35 day period. (Otherwise, 0.25%)
  • Simply add money to your Savings Pods and enable the Boost feature.
  • Earn bonus on up to 3 Savings Pods, up to $2,000 balance each.
  • Bonuses accumulate daily.
Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC, and Cross River Bank, Member FDIC.
FamZoo Prepaid Card for Kids and Teens

FamZoo Prepaid Card for Kids and Teens

  • Order Online
  • No Credit Check
  • Try for Free
Your funds will be held at SouthState Bank, an FDIC-insured institution

Which is Better: Current or FamZoo?

In short: Current's price, mobile app, and ease of use are outstanding. FamZoo's customer service and education are excellent.


Articles on Current

Current Banking Review

Is Current a good fit for you? Discover its benefits and drawbacks, and see how it sizes up against apps like Chime in this review.

Articles on FamZoo

FamZoo

FamZoo is a virtual family bank offering prepaid debit cards for kids. But is it worth the monthly fee? Find out how it stacks up in this review.

Which Do You Think is Best?





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About CreditDonkey
CreditDonkey is a credit card comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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