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Current vs Wells Fargo

Current is a simple, digital-only banking app with impressive bonus and cashback. How does it compare to Wells Fargo? 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 Wells Fargo is one of America's largest banks with over 4,500 locations and approximately 11,000 ATMs. Offers many checking options, including Teen Checking and Opportunity Checking for those who had financial troubles. 24/7 customer service. Special CDs offers high rates with $5,000 minimum opening deposit.

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

 Current
 Visit SiteLearn More
 

Current

Wells Fargo

SPECIAL OFFER
Build Credit While You Bank - Learn More

Read Current Review

SPECIAL OFFER
Personal Checking Account - $2,500 Bonus - Learn More

Read Wells Fargo Review

 

Benefits and Features

SavingsUp to 4.00% bonus on your Savings Pod, on up to a total of $6,0000.15% APY. Minimum opening deposit of $25. Monthly service fee of $5, unless you maintain a minimum daily balance of $300, make 1 automatic transfer each fee period of $25 or more from a linked Wells Fargo checking account, make 1 automatic transfer each business day within the fee period of $1 or more from a linked Wells Fargo checking account, make 1 or more Save As You Go® transfers from a linked Wells Fargo checking account, or primary account owner is 24 years old or under.
CD Standard Fixed Term CD available online: 1.50% to 4.50% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Bonus of up to 4.51% APY if you maintain a linked Portfolio by Wells Fargo relationship. More CD terms are available in branch.
CheckingEarn up to 15x points on purchases at participating merchantsClear Access Banking, Everyday Checking, Portfolio by Wells Fargo
Monthly Fee
$0
 
Kids Debit Card
Check
 
Money Market Also known as the Platinum Savings Account. 0.25% - 2.50% APY. Minimum opening deposit of $25. $12 monthly service fee, unless you maintain a minimum daily balance of $3,500. Bonus APY of 2.51% requires account linked to Portfolio by Wells Fargo relationship.
Minimum Deposit to Open
$0
 
Mobile App
iOS & Android
 
ATMsFree access to 40,000+ Allpoint ATMsapproximately 11,000 ATMs across the country
Customer Service Available 24 hours a day, 7 days a week.
IRA CD Standard Term CD: 0.01% to 4.50% APY. Terms of 1 month to 144 months. Minimum deposit of $1,000. Bonus of up to 4.51% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account.
IRA Money Market Also known as Retirement High Yield Savings. 0.25% - 2.50% APY. $100 minimum opening deposit.
Locations Approximately 4,500+ retail banking branches coast to coast.
 

CreditDonkey® Reviews

 Current
SavingsStarStarStarStarEmpty StarStarStarEmpty StarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStar
CheckingStarStarStarStarStarStarStarStarStarHalf Star
PriceStarStarStarStarStar
Mobile AppStarStarStarStarStarStarStarStarStarStar
Customer ServiceStarStarStarEmpty StarEmpty StarStarStarStarStarHalf Star
Ease of UseStarStarStarStarStar
EducationStarStarStarEmpty StarEmpty Star
CDStarStarStarHalf StarEmpty Star
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:
  • Low requirements for Everyday Checking
  • Full service bank
  • 24/7 customer service
Cons:
  • Low savings rates
  • Not in all states
Bottom LineSimple, digital-only banking app with impressive bonus and cashback... Read full reviewA "big 4" bank with a good range of checking accounts and full services... Read full review
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Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

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.

Wells Fargo: Pricing information from the published website as of 03/15/2024 is based on the 91107 zip code.

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.

Which is Better: Current or Wells Fargo?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Current or Chase.

In short: Current's savings is worth mentioning. Wells Fargo's customer service is worth mentioning.


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 Wells Fargo

Wells Fargo Bank Review

Wells Fargo offers nationwide access with thousands of ATMs and branch locations. But are their checkings and savings accounts right for you? Read on to see the best options.

Wells Fargo High Yield Savings Review

Looking for a traditional bank to grow your funds? Wells Fargo offers a high-yield savings account with a decent rate. Read on to find out more.

Wells Fargo Bank CD Rates

Wells Fargo is one of the largest banks in the U.S. Should you get a Wells Fargo CD? Might be worth considering. Learn more.

Wells Fargo Bank Hours

Wells Fargo is one of the biggest banks in the country. Here's when you can visit a branch near you.

Wells Fargo Routing Number

Not all routing numbers are the same for Wells Fargo. Here's how to find the routing number for your bank account.

Which Do You Think is Best?





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About CreditDonkey
CreditDonkey is a bank 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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CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

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