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How do I set up an allowance?

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 log in by following the steps below: 

  1. Tap View All Accounts and select the teen that you're creating an allowance for
  2. Scroll to the bottom of the home screen and tap Allowance 
  3. Tap Setup Allowance
  4. Choose an amount and a funding source for the allowance
  5. 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.
  6. Select a frequency for the allowance. You can choose Daily, Weekly, Bi-weekly, or Monthly
  7. Review your choices and tap Confirm

How do I cancel an allowance?

You can follow the steps below to change or cancel your teen's allowance:

  1. Select a teen from the home screen
  2. Tap Allowance
  3. Tap Cancel Allowance at the bottom of the screen

Note: You can cancel an existing allowance and create a new one if you'd like to edit the amount that your teen receives. 

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