Does Current Offer an Estate Account?

What to know at Current

Current does not open estate accounts, and both partner-bank deposit agreements leave no room for one: the account may be owned and titled only in the name of one person, and it cannot be titled jointly, by an organization, POD, or "In Trust For" -- an account titled "Estate of John Doe" is an organizational/fiduciary title the agreements exclude on their face, and the Choice agreement adds that the deposit relationship "do[es] not create a fiduciary relationship." Eligibility runs on a natural person's Social Security number, not an estate EIN, and opening happens only through the Current mobile app in the applicant's own name. Current is a financial technology company, not a bank; the deposits sit at Choice Financial Group, Member FDIC, and/or Cross River Bank, Member FDIC, but only through the Current consumer platform, which exposes no fiduciary, entity, or estate account features. The settlement shape is claim-and-exit: the executor reports the death to Current support (support@current.com / 888-851-1172), submits the requested documents, and the decedent's account is closed with the balance paid to the estate (see deathClaimProcess) -- the estate's proceeds must land somewhere OTHER than Current. The receiving side is closed off too, the trapped-check pattern: both agreements' Mobile Deposit "Prohibited Checks" lists bar "Checks payable to any person or entity other than you (i.e., third-party checks and checks made payable to a business)," so a check payable to the estate cannot be photo-deposited into anyone's personal Current account. The executor needs an estate account already open at a depository institution that offers one before any Current payout arrives.