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We know what it’s like to live on salary. Have been and have done it.
If you encounter this situation, like many of us, there are two things you must know: It would be nice to get paid a few days in advance. Overdraft fees are definitely the worst.
Fortunately, we found a mobile bank account that can handle these two things for you.It is called current, It can make your financial life much less stressful.
Current also allows you to get cash back on purchases; delete those annoying reservations that gas stations put on your debit card; and you can easily deposit checks or even cash.
This is a state-of-the-art account designed for the time we live in-perfect for those who can relieve the stress of financial life.
Payment can be made up to two days in advance
If you live on salary, then you are not alone. The study found that about three-quarters of full-time employees are in the same boat. If you are in that boat, you might paddle as fast as possible.
One of the most attractive features of Current is that it allows you to make payments up to two days faster Sign up for direct depositThis can be a life-saving straw when you have a looming bill or mouth to feed.
Faster direct deposit is the key. Unlike the large physical bank chains that dominate this country, Current only credits your account immediately after receiving your direct deposit notification. This allows you to receive money up to two days sooner.
No evil overdraft fees
We hate overdraft fees, and we know you do the same. The overdraft fee used to make up for insufficient funds is usually around $35, which is always painful—especially if you are hit multiple times at once.
Big banks charge billions of dollars in overdraft fees every year. It increases their profit margins, in fact, it is an important part of their overall business plan.
but current Won’t do that to you.As long as you get a direct deposit of at least $500 a month and you are a premium member, it can overdraft your account by up to $100* without incurring any annoying fees
If you live on salary, this is a huge relief. It can help you avoid this endless loop.
Easy deposit and withdrawal
Current is a mobile-only account, so you can do all banking through its mobile app, which is available for iOS or Android. If you are used to doing banking in person, this is easier than you think.
Deposits and withdrawals are simple.
ATM: Do I need to use one? With Current’s debit card, you can withdraw money for free from more than 40,000 ATMs across the country.
Add cash: You can recharge your account in more than 60,000 stores. There is a location map in the Current app.
Deposit check: Just sign the check, take a photo of the front and back, and enter the amount in the app. complete.
Cash back and no gas station reservations
Unlike many other debit cards, Current also allows you to get cash back when you purchase certain items. You can usually only get this through high-end credit cards, and you need a very good credit score to qualify for one of them.
When you use a debit card at more than 20,000 participating retailers, you can earn up to 15 points for every dollar you spend. You can redeem these points for cash at 100 points per dollar, or pay for your Current Premium subscription.
Current also removed those annoying reservations that gas stations had placed on debit cards. Man, we hate those. They are almost as bad as overdraft fees.
When you buy gasoline there, some gas stations will keep up to $100 on your card. The reservation locks the amount held so that you cannot spend it. Current deletes these reservations immediately, so you never have to worry.
Highly rated app
Current has two membership plans: basic plan and premium plan. The free basic plan provides you with a basic account with a debit card.
The premium plan charges $4.99 per month, but you can quickly make up for this by avoiding an overdraft fee. In addition, it is a premium plan that allows you to get paid faster. The points you earn from participating retailers can help pay for your monthly fees-all you need to do is automatically add the points to your expenses.
Current applications are highly praised by those who use it. As of mid-2021, the app has received nearly 75,000 reviews on Apple’s App Store, scoring 4.7 points (out of 5), and 70,000 reviews on Google Play, scoring 4.6 points (out of 5).
So, if you live on salary, you will know how difficult it is. If you want to get paid in advance and avoid those nasty overdraft fees, Register for Current in just a few minutes.
Mike Brassfield (mike@thepennyhoarder.com) is the senior writer of The Penny Hoarder. He really hates overdraft fees, and he knows you hate them too.
*Please refer to the Overdrive feature terms and conditions
**Faster access to funds is based on traditional banking policies and comparison of paper check deposits and electronic deposits by employers and government agencies. The availability of direct deposit and earlier funds depends on the payer’s support of the payer’s capital characteristics and time.
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