Current Bank $50 Sign UP Bonus – Step by Step Guide

Current is a free fintech bank that’s offering new users a $50 referral bonus after signing up for an account using a referral link. Here’s what you need to do to earn your $50 Current referral bonus. ​

1. Open a Current account using a referral link (here’s my Current referral link). 
2. Receive a direct deposit of $200 or more within 45 days of opening your account. 
3. Your $50 bonus will post within 10 business days after completing a qualifying direct deposit.

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Current is an easy bonus to earn, so it’s worth doing if you’re interested in snagging some signup bonuses. They also offer a 4% interest savings account, but unfortunately, it requires meeting some requirements to earn the 4% interest, which makes it not very useful anymore.

1. Open A Current Account Using A Referral Link. The first thing you’ll need to do is open a Current account using a referral link. Here’s my Current referral link if you are interested in earning your bonus and supporting this blog too. My referral code should automatically be filled in when you open the account.

When you open your Current account, you’ll get the option of choosing between a basic or premium account. As I mentioned in the previous section, the premium plan is now free, so you should pick the premium plan when you open your account. It’s okay if you pick the basic plan however – you can still upgrade to the premium plan later. 
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When you sign up, it may say that the premium plan costs $5 per month, but when you actually open the account, it’ll say that it has no annual fees in your app. 

2. Complete A Direct Deposit Of $200 Or More Within 45 Days. Once you open your account, you’ll need to complete a direct deposit of $200 or more within 45 days. The terms state the following:

A Payroll Direct Deposit must be made by an employer or payroll provider by ACH deposit. Transfers from Paypal, Zelle, Venmo, Square, GooglePay, Cash App, or similar peer to peer transfer services, one-time direct deposits (such as tax refunds), mobile check deposits, and cash loads do not qualify as a Payroll Direct Deposit.

The plain language of the terms suggests that you would need to complete a real direct deposit to trigger the bonus. If you can do a real direct deposit, that is your best option to earn the bonus.

That being said, many data points show you can meet this bonus by completing an ACH transfer from a regular bank account. Ally Bank does not work to trigger the bonus, but people have reported that Discover Bank or Schwab will trigger the bonus. You may need to try multiple ACH transfers to see which one works. If you have success with a particular ACH transfer, please let us know in the comments!

3. Your Bonus Will Post Within 10 Business Days. The terms state that your bonus will post within 10 business days, but most people see their bonus post in about a week. This is important because it’ll give you time to see if your direct deposit method worked. If you don’t see your bonus in about a week, try again with another bank. Remember, you only have 45 days to complete a qualifying direct deposit, so don’t waste too much time here.  

Open Current Account