Paycheck Advances up to $1,000: How they work with Current

Paycheck Advance is a Current feature that gives you early access to wages you have already earned, before your official payday. Paycheck Advance is not a loan. Once you qualify, you can access up to $1,000 of your earned wages early, with no mandatory fees.

We launched Paycheck Advance at Current to help our members manage expenses and bills. Bill due dates don't always line up with paydays, and emergency expenses can pop up at any time. Paycheck Advance exists to close that gap with money you have already earned. 

Is Paycheck Advance a Loan?

No. Paycheck Advance is not a loan or credit product. You are accessing your own earned wages ahead of schedule rather than borrowing money.

Because Paycheck Advance is not credit, there is no credit check, ever. Your credit history doesn't matter, and we will never pull your credit report for a paycheck advance.

How Much Can You Get with Paycheck Advance?

You can access up to $1,000 of your earned wages early with Paycheck Advance, once you qualify. Your specific available amount is displayed in the Current app, and you choose how much of that amount to advance. You can take what you need, up to your available amount, and your advance is repaid with your next direct deposit.

Who Is Eligible for Paycheck Advance?

To unlock Paycheck Advance, you must first receive eligible direct deposits into your Current account. As soon as you meet the Paycheck Advance terms and conditions, the feature becomes available to you in the app.

How Do You Get a Paycheck Advance with Current?

In the Current App, you can check your eligibility, choose your advance amount, and pick how fast you want your money. For a screen-by-screen walkthrough, see our step-by-step guide to using Paycheck Advance with Current.

Step 1: Check your eligibility

Once you meet the Paycheck Advance terms and conditions, the feature appears in the app. No credit check is involved at any point.

Step 2: Access your advance in the app

Once you're eligible, getting your funds is just a few taps away. You decide how much you need and when you want it.

1. Open the Current app. Find the Paycheck Advance feature on your home screen.
2. View your limit. Your available advance amount is clearly displayed, and it could be up to $1,000 with Current.
3. Choose your amount. Select how much you want to advance from your available amount. You can take what you need, up to your available amount, until your advance is repaid with your next direct deposit.

Step 3: Choose how to receive your funds

After confirming the amount, you choose how you want to receive your money.

You can receive your Paycheck Advance funds instantly for a fee* or within three business days for free. Which option is right for you depends on how urgent the expense is.

How Do You Repay a Paycheck Advance?

The advance amount is deducted from your next eligible payroll deposit into your Current Account. There is nothing to schedule and nothing to submit.

*Paycheck Advance is an earned wage access service and is not a loan or credit product.**Expedited disbursement of your Paycheck Advance is an optional feature that is subject to an Instant Access Fee and may not be available to all users. Expedited disbursements may take up to an hour. For more information, please refer to Paycheck Advance Terms and Conditions.