[Expired] Current $142 + $50 Checking Bonus via MyPoints

Update 12/16/24: Swagbucks via RU is up to $112.50. MyPoints is up to $22,500 (worth around $142). I believe there’s another $50 from Current on top of that with code WELCOME50. (ht Diego)

Offer at a glance

• Maximum bonus amount: $130 in Swagbucks
• Availability: Nationwide
• Direct deposit required: Yes, $200+
• Additional requirements: None
• Hard/soft pull: Soft pull
• ChexSystems: No
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: Unknown
• Household limit: None listed
• Expiration date: None listed

The Offer

• Current is offering a bonus of 13,000 Swagbucks  when you open a new personal checking account and connect a payroll direct deposit of $200 or more within 30 days of account opening

The Fine Print

• Offer may only be redeemed once per user
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

There is no monthly fee anymore

Early Account Termination Fee

I wasn’t able to find a fee schedule so I’m unsure if there is an early account termination fee.

Our Verdict

Normally we don’t post checking bonuses unless they are at least $100, but this is nationwide. I suspect we will be seeing a lot of these nextgen banking apps/cards offering bonuses like this in the future. Personally I’d recommend waiting for a larger bonus from current as I don’t think this will be the best bonus ever offered by them. Because of that I won’t be adding this to the list of the best checking account bonuses.

Hat tip to reader Les-el

Post history:

• Update 5/26/24: Swagbucks up to $60.
• Update 5/13/22: Back to $120 on Swagbucks via this link. Hat tip to ShawntheShawn Seems to go back down to $50 after clicking through the link.
• Update 5/6/22: Swagbucks is now down to $50 and MyPoints is about the same. So it should be $50 + $50 now.
• Update 11/2/21: Looks like you can stack the Swagbucks/MyPoints bonus with the $50 current bonus making it a total of $170. Hat tip to ShawntheShawn
• Update 7/2/21: Has been increased to 12000 SB / 20000 MP. Hat tip to ShawntheShawn. 
• Update 3/13/21: Swagbucks bonus is down to 10,000 points. My Points is 17,000.
• Update 2/23/21: Now $130 on Swagbucks. Hat tip to reader Davis
• Update 10/21/10: Terms now state you have to open the Premium checking account that has a $4.95 monthly fee.

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
• Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
• PSA: Don’t Call The Bank
• Introduction To ChexSystems
• Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
• What Banks & Credit Unions Do/Don’t Pull ChexSystems?
• How To Use Our Direct Deposit Page For Bank Bonuses Page
• Common Bank Bonus Misconceptions + Why You Should Give Them A Go
• How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
• Affiliate Links & Bank Bonuses – We Won’t Be Using Them
• Complete List Of Ways To Close Bank Accounts At Each Bank
• Banks That Allow/Don’t Allow Out Of State Checking Applications
• Bank Bonus Posting Times

Post history:

• Update 1/14/21: Back again. Hat tip to Yaro
• Update 11/10/20: Bonus has been increased to 10,000 Swagbucks or 17,000 MyPoints. Hat tip to reader Davis.