Mobile banking app Current, which began as a teen debit card controlled by parents, expanded to offer personal checking accounts earlier this year.
But over time, the product became more like a real bank account for teens, culminating with the addition of routing and account numbers late last year.
This year, Current launched personal checking using the same core technology powering its teen banking product.
The product includes features like faster direct deposits, gas hold crediting and merchant blocking without charging overdraft fees, hidden fees or requiring minimum balances.
Both of Current’s products include a Visa co-branded debit card tied to the Current account.
The company is planning to launch more features starting next year, including a cash-back system with brands and merchants in Q1, and further down the road, it’s considering things like a credit product and maybe Bitcoin investing.