Current is a financial technology company, not an FDIC-insured bank. FDIC insurance up to $250,000 only covers the failure of an FDIC-insured bank. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply. Banking services provided by Choice Financial Group, Member FDIC, and Cross River Bank, Member FDIC. The Current Visa® Debit Card issued by Choice Financial Group, and the Current Visa® secured charge card issued by Cross River Bank, are both pursuant to licenses from Visa U.S.A. Inc. and may be used everywhere Visa debit or credit cards are accepted. Current Individual Account required to apply for the Current Visa® secured charge card. Independent approval required.
FDIC InsuranceCurrent is a financial technology company, not an FDIC-insured bank. FDIC insurance only covers the failure of an FDIC-insured bank. FDIC insurance up to $250,000 is available on customer funds through pass-through insurance at Choice Financial Group, Member FDIC, and Cross River Bank, Member FDIC where we have a direct relationship for the placement of deposits and into which customer funds are deposited, but only if certain conditions have been met. There may be a risk that FDIC insurance is not available because conditions have not been satisfied. In such cases, funds may not be fully insured in the event the insured depository institution where the funds have been deposited were to fail.
Faster Direct DepositFaster 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.
FeesSome fees may apply, including out of network ATM fees, late payment fees, and other fees. For more information please see and the Current Deposit Account Agreement.
Paycheck AdvancePaycheck Advance is offered by Finco Advance LLC, a financial technology company, not a bank and is for eligible customers only. Your actual available Paycheck Advance amount will be displayed to you in the mobile app and may change from time to time. Conditions and eligibility may vary and are subject to change at any time, at the sole discretion of Finco Advance LLC. For more information, please refer to Paycheck Advance Terms and Conditions.
Savings PodsBoost Bonuses are credited to your Savings Pods within 48 hours of enabling the Boost feature and on a daily basis thereafter, provided that the Savings Pod has accrued a Boost Bonus of at least $0.01. No minimum balance required. The Boost rate on Savings Pods is variable and may change at any time. The disclosed rate is effective as of August 1, 2023. Must have $0.01 in Savings Pods to earn a Boost rate of either 0.25% or 4.00% annually on the portion of balances up to $2000 per Savings Pod, up to $6000 total. The remaining balance earns 0.00%. To earn a Boost rate of 4.00%, the sum of your Eligible Payroll Deposits over a rolling 35-day period must be $500 or more, with at least one Eligible Payroll Deposit equalling a minimum of $100. For more information, please refer to Current Boost Terms and Conditions.
Fee-free OverdraftActual overdraft amount may vary and is subject to change at any time, at Current’s sole discretion. In order to qualify and enroll in the Fee-Free Overdraft feature, you must receive $500 or more in Eligible Direct Deposits into your Current Account over the preceding 35-day period and fulfill other requirements subject to Current’s discretion. Negative balances must be repaid within 60 days of the first Eligible Transaction that caused the negative balance. For more information, please refer toFee-free Overdraft Terms and Conditions. Individual Current Accounts only.
PointsEarning rates over 1x are only available on Individual Current accounts when you make purchases at our participating partner merchants. After qualifying, please allow 3-5 business days for points to post to your Current account. The Current Points program is not available to Teen Account holders. SeeCurrent Points Terms and Conditions.
CryptoCryptocurrency services are powered by Zero Hash LLC and Zero Hash Liquidity Services LLC, and may not be available in all states. 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. Cryptocurrency transactions are a form of investment, and all investments are subject to investment risks, including possible loss of the principal amount invested. Cryptocurrency is not insured by the FDIC or any other government-backed or third-party insurance. Your purchase of cryptocurrency is not a deposit or other obligation of, or guaranteed by, Choice Financial Group or Cross River Bank. The cryptocurrency assets in your Zero Hash account are not held at Current, Choice Financial Group, or Cross River Bank. Current, Choice Financial Group, and Cross River Bank are not responsible for the cryptocurrency assets held in any Zero Hash account. Neither Current, Choice, nor Cross River Bank is involved in the purchase, sale, exchange of fiat funds for cryptocurrency, or custody of the cryptocurrencies. Terms and Conditions apply (platform and user agreements.) Crypto on Current is not currently available in HI. Zero Hash LLC and Zero Hash Liquidity Services are licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services. This does not constitute investment advice.
FAQs
For example, a gas station may place a $50 hold when authorizing the card even if the consumer only intends to purchase $20 worth of gas. The $50 hold will remain until the transaction clears, which can take 48-72 hours.
How long does it take for a gas station to charge your card? ›
Chip Lupo, Credit Card Writer
Gas stations can take between 2 hours and 3 days to charge your credit or debit card when you pay at the pump. The gas station may place a temporary hold on your card for up to $175 until the final purchase amount is charged to your account.
How long do gas charges stay pending? ›
Paying at Gas Stations
The cost of your gas will be charged later as a separate transaction that releases the authorization hold. This temporary charge should correct to the actual amount or fall off within 5 days. To avoid this issue, pay for the amount of gas you'd like at the register before you pump.
How long does it take to get a refund from a gas station? ›
If you use a credit card to pay for gas at the pump, the gas station may place a hold, or credit card authorization, on your card. Holds may be up to $175, depending on the gas station, and are usually lifted within 2 hours to 3 days after you've completed the purchase.
Why did the gas station charge me $125? ›
A gas hold is a gas station payment processing method that places an authorization hold on your account for an amount ranging from $1 to $125, and leaves it there until your actual transaction clears.
Why do gas station transactions take so long? ›
They place holds to ensure full payment for the gas purchase because they do not know at the beginning of the transaction how much gas will be purchased. In general, holds involving PIN-based debit transactions are cleared almost immediately. The more lengthy holds generally occur with non-PIN debit transactions.
How long does it take for my card to be charged? ›
A charge can be pending on your account for up to five days. There are several factors that affect how long a pending charge will appear on your credit card. These include when you made the transaction and how long it takes the merchant to process it. Card pre-authorizations may also show on your account for longer.
How long does pending payment take? ›
Pending transactions typically take between 5 and 7 business days to process but some pending transactions, typically those related to estimated and incremental authorisations, can take 16 days or longer.
How long do pending charges usually take? ›
How long do pending transactions take to clear? Many pending charges disappear in around 5 days or less. Though some institutions may have a longer period. It ultimately depends on the type of transaction, the processor settings for the credit card program, and what's stated in your agreement.
Why did the gas station charge me $150? ›
Pre-authorization charges are a common practice when a vendor (a gas station, a hotel, or a rental car agency) doesn't know exactly how much of their service you're going to pay for. The hold ensures that the vendor will get appropriately paid after you're done, but this can put consumers in a tough spot.
This occurs because gas stations are unsure how much gas will be purchased when you first swipe your card. The $100 hold ensures that there are enough funds on your card to pay for gas.
How long do card refunds take? ›
Credit card refunds usually take between three and seven days, but this can vary depending on the merchant, the billing cycle and your credit card provider. Depending on the merchant's policy, most will process a refund instantly, but some take a few extra days, depending on which business days the company operates.
Why did I get charged $75 for gas? ›
Some businesses (like gas stations and hotels) will place a temporary charge on your payment card. Since pumping gas is an open-end purchase, gas stations will typically pre-authorize your payment card for a larger amount to ensure that your card has enough funds to cover the amount of gas you'll leave with.
How long do gas stations hold your money? ›
It's perfectly legal, and many gas stations do it these days to make sure you have enough money on your debit card to pay for your fill up. Visa and Mastercard now allow stations to grab as much as $175 from checking accounts, as long as it is returned to customers within 48 hours.
Why did I get charged $175 for gas? ›
Amid rising gas prices, some drivers may also be in danger of an overdraft fee just for fueling their tank. Visa and MasterCard have raised the amount a gas station can hold when people pay with a credit or debit card to $175, up from $125.
How to get money back from a gas pump? ›
Yes, you can often use your debit card to get cash back at a gas station, provided the station offers this service. Debit cards are commonly accepted for cash back transactions, and the process is similar to that with credit cards.
How long does pay at pump take to clear? ›
Your card's issuing bank will post the transaction to your account and release the unutilised pre-authorisation amount. Banking systems have been readied for this process and the release of funds should be instantaneous.
Why did the gas station charge me $100 credit card? ›
The $100 hold ensures that there are enough funds on your card to pay for gas. When you're finished pumping, the station will charge you for the actual purchase amount, and the $100 gas hold will be released once the transaction is completed, which can take several days.
What happens if your card declines at a gas station? ›
If the debit card is attached to an account that does not have sufficient funds, and if there is no overdraft protection on the card, the transaction will simply be declined and the gas pump will not release any gas.
Why did the gas station charge me $175? ›
Thus, a pre-authorization charge is placed on the card to ensure enough funds (or credit limit) are present in the account to cover the largest possible transaction. Once the customer finishes pumping, the card is charged for the actual gas used and the hold charge is released.
