Current vs Step
short answerBoth are traditional neobanks. Step is built for gen z & students. Compare custody, license, FX markup and fees field by field below.
Current: Everyday + teen banking; in-app crypto trading.
Step: Teen banking + credit building, no fees.
Side by side
| Current | Step | |
|---|---|---|
| Category | traditional | traditional |
| Audience | general | gen z & students |
| HQ | New York, US | Palo Alto, US |
| Founded | 2015 | 2018 |
| Custody | Custodial | Custodial |
| Regulation | Partner-bank model | Partner-bank model |
| License detail | Partner banks (Choice, Cross River) | Partner bank (Evolve) |
| Card | Visa · Debit | Visa · Debit + credit builder |
| Cashback | Points | — |
| Yield | ~4% savings pods | ~4% savings goals |
| FX markup | 3% international transaction fee on all purchases (Visa wholesale rate) (2026-07) | — |
| Services | — | — |
| Stablecoins | No | No |
| KYC | Yes | Yes |
| Regions | North America | North America |
| Reported users | — | — |
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.