Score 10,000 MyPoints Just by Opening a Current Bank Account

If you've been on the hunt for a new checking account that doesn't nickel-and-dime you, Current might be worth a look. And right now, MyPoints is sweetening the deal: open a Current account, set up a direct deposit of at least $200, and you'll pocket 10,000 MyPoints. That's basically free money for doing something you'd probably do anyway.

What's the Catch? (Spoiler: It's Pretty Mild)

The biggest hurdle is that you need to be a new Current customer. If you've already got an account, this one's not for you. Also, you'll have to link your MyPoints account using the same email address you use for Current — otherwise, the points won't show up.

Once you open the account, you'll need to set up a direct deposit of at least $200 from your employer or payroll provider. That's it. No need to keep a minimum balance or jump through hoops after that. The points will pend for 32 days, so don't expect them instantly, but they'll land in your MyPoints account after that waiting period.

Why Current? It's Not Just About the Bonus

Even without the MyPoints bonus, Current is a solid option for anyone who wants a straightforward, fee-free banking experience. You get paid up to two days early with direct deposit, which is always nice. The Savings Pods feature lets you earn up to 4.00% APY on up to $6,000 — that's way better than the national average. And if you ever overdraw, Overdrive™ covers you up to $200 with no fees. Plus, you've got access to over 55,000 free ATMs, so finding cash shouldn't be a problem.

Things to Watch Out For

First, make sure you're using the same email for MyPoints and Current. If they don't match, you won't get the points. Second, this offer is only for new Current customers — if you've already got an account, you're out of luck. Third, the points take 32 days to become available, so don't plan on redeeming them right away. Finally, you'll need to provide your name, address, SSN, and funding info to open the account, so be prepared for a standard identity check.

How to Get Started

If you don't already have a MyPoints account, sign up for one first — you can even get a $10 sign-up bonus. Then head to the Current offer page on MyPoints, click through, and open your new Current account. Set up that $200 direct deposit, and you're all set. After the 32-day pend period, you'll see 10,000 points in your MyPoints account, which you can redeem for gift cards or other rewards.

Bottom Line

• Earn 10,000 MyPoints by opening a Current account and setting up a $200 direct deposit.
• Current offers no fees, free overdraft up to $200, and up to 4% APY on savings.
• Offer is for new Current customers only; points pend for 32 days.
• Use the same email for MyPoints and Current to ensure you get the bonus.

Common Questions