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storm
storm (@guest_1685496)
September 4, 2023 09:44

This is what the rep said when I asked to close…
“Please note, the account closure fee does not apply if you exit your funds before closing the account or have no remaining funds.”

Sheriff
Sheriff (@guest_1685475)
September 4, 2023 08:45

I asked to close it and after asking for a bunch of stuff like selfie right next to id and state id and saying my phone number was incorrect(I sent them a pic showing exactly the number on file to prove them wrong) then They “cancelled” my account, I tried logging in and it says deactivated, to activate this account send an email to support, sounds a lil fishy on their end to not close it.

seven
seven (@guest_1684655)
September 2, 2023 08:18

Easily closed today via in-app support chat.

Kevin R
Kevin R (@guest_1683753)
August 31, 2023 17:40

Current just added a dormant fee. Time to cancel if you kept it.

Sam
Sam (@guest_1683550)
August 31, 2023 11:49

Got the email that says deactivated accounts were mailed in error – it’s funny they think anyone is coming back by “deactivating”

HarryTheFirstHarry
HarryTheFirstHarry (@guest_1683471)
August 31, 2023 09:54

I never knew they had an account closure fee until I got this email. Both P1 and P2 already closed accounts couple months back with 0 balance and did not get charged any fee. So if anyone still has this account might be worth making the balance 0 and then requesting close so as to avoid the $2 fee.

Morris
Morris (@guest_1683281)
August 30, 2023 22:26

We apologize for our previous email with the subject line “Updates to our Account Agreement”. Unfortunately this email was sent to the wrong group of customers, including yourself.

Your account at Current is currently deactivated and you are not impacted by the Account Agreement update that will be taking effect on 09/28/2023

We’re sorry for the mistake and hope it did not cause any undue concerns.

John
John (@guest_1683208)
August 30, 2023 19:14

Why oh why would anyone go for this when prevailing rates are 5.3% and higher.

JoshL
JoshL (@guest_1683209)
August 30, 2023 19:20

I think not everyone has this knowledge. The Doc readership is very unique. Many people just use a couple accounts by big banks, like Chase, BoA, and other big regional banks. Most do not even know (how to buy) treasury bills.

Sheriff
Sheriff (@guest_1683218)
August 30, 2023 19:45

All my friends either have their money under the bed or @one of the big banks earning their very well deserved 0.01% apy, knowledge is key.

Jack
Jack (@guest_1683229)
August 30, 2023 20:15

Current isn’t a big bank though. If they know about this fintech, you’d think they’d know they can get over 5% APY somewhere else.

Jason
Jason (@guest_1683241)
August 30, 2023 20:39

This is an old post with the legacy title that has been updated with the latest T&Cs change, probably to be followed with a ‘shutting down’ update.

Clearly 4% is nothing special at all now, but when Current first did this, it was a decent deal compared to others, hence the post’s ‘our verdict’ from DoC saying “4% APY with no requirements is obviously a great deal” stacked on top of the account opening bonuses we already go.

We will probably be back to sub 1% fed rates soon enough.

John R
John R (@guest_1683091)
August 30, 2023 16:23

Just closed account, was not charged fee and forfeited my $0.01 balance

Alex🔗
Alex🔗 (@guest_1683058)
August 30, 2023 15:21

Not so bad, it could have been worse. I’m still enjoying their referral program.

Jack
Jack (@guest_1683069)
August 30, 2023 15:46

Cope.

Saul Goodman
Saul Goodman (@guest_1683223)
August 30, 2023 19:55

Stop simping for referrals. It’s trash and we both know it.