The Current student account is a new way for parents to teach their kids the value of money. It also makes it easier for parents to ensure that their kids always have a bit of spending money on hand. From the parental side, Current lets mom and dad automatically deposit money into the accounts of their kids, thus automating allowances. It also lets parents assign and pay children for completing chores. The Current student account enables mom and dad to track purchases thanks to digital receipts. Parents can also block the Current debit card from working in certain businesses, such as casinos or hotels.
So what do kids get out of the Current student account? For starters, the Current app digitizes the process of asking mom or dad for money. It also lets kids learn the value of a dollar as a savings account can be set up. If junior is feeling generous there's also an option to donate money to a variety of charities. The Current student account offers monthly and year-long plans with varying rates. The app is available on both iOS and Android.