Setting up an allowance for your teen will create a scheduled, recurring transfer to them daily, weekly, bi-weekly or monthly. You can set these up from the home screen on the Current app after you login by following the steps below:
- First, tap to view all your accounts, then tap the teen you'd like to set up an allowance for
- Scroll to the bottom of the home screen
- Tap "Allowance" and then choose "Setup Allowance"
- Choose an amount and a funding source for the allowance
- Set a start date for your allowance to begin on, either today or in the future.
- Note: If you choose an ACH funding source the allowance will initiate a deposit on the date you choose, the settlement of the deposit will depend on ACH timing and your external bank.
- Choose a frequency for the allowance. You can choose Daily, Weekly, Bi-weekly, or Monthly
- To finish setting up the allowance, review it and then tap Confirm