Updated September 28, 2026 · SumCue Editorial Team
Current vs ICICI Bank
Current
Higher score in this comparison
ICICI Bank
Where Current and ICICI Bank differ
| Compare | CurrentReviewVisitVisit | ICICI BankReviewVisitVisit |
|---|---|---|
| Annual fee | $0 | ₹3,500 |
| APR | 0%Lower | 9.99% to 16.5% |
| Currency conversion fee | 3%Lower | 3.5% |
| Rewards rate | 1x points per $1 on eligible purchases, redeemable as cash back | 4 points per INR 100 international spend, 2 points per INR 100 domestic spend, 1 point per INR 100 utility and insurance spend |
| Credit needed | Poor | Good |
| Perks | Paycheck advance up to $750 with qualifying direct deposit, Paycheck up to 2 days early with direct deposit, Fee free overdraft, 40,000 fee free in network ATMs, Savings Pods with annual boosts up to 4.00%, Buy and sell crypto with no trading fees, Cash deposits at 60,000 retail locations, Credit reporting to Equifax, Experian and TransUnion, Teen and custodial accounts | Welcome vouchers worth over INR 13,000 from Tata CLiQ, EaseMyTrip, Da Milano, Croma and EazyDiner, 2 complimentary international and 4 domestic airport lounge visits, Up to 4 complimentary golf rounds per month, 24/7 concierge service (i Assist), Air accident insurance cover up to INR 3 crore, 1% fuel surcharge waiver on fuel transactions up to INR 4,000, BookMyShow movie offers, up to INR 500 off the second ticket |
| Card kind | Charge | Credit |
Same on both: Rewards type (Points).
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Key differences
- Current scores higher overall: 9.0 vs 8.9.
- APR is lower at Current: 0% vs 9.99% to 16.5%.
- Currency conversion fee is lower at Current: 3% vs 3.5%.
- Perks: only Current offers Paycheck advance up to $750 with qualifying direct deposit, Paycheck up to 2 days early with direct deposit, Fee free overdraft.
- Perks: only ICICI Bank offers Welcome vouchers worth over INR 13,000 from Tata CLiQ, EaseMyTrip, Da Milano, Croma and EazyDiner, 2 complimentary international and 4 domestic airport lounge visits, Up to 4 complimentary golf rounds per month.
- Support channels: only Current offers Email.
- Support channels: only ICICI Bank offers Phone.
- Pricing model: only Current offers No annual fee.
- Pricing model: only ICICI Bank offers Fixed rate.
- Features: only Current offers Crypto, Custodial.
Our verdict on each
Current
Current suits US families and anyone who wants one app for spending, saving and short crypto trades. No monthly fee of $0 and an annual fee of $0 keep the everyday cost at nil, though 3% on currency conversion gives foreign spend away.
ICICI Bank
ICICI Bank is a full-service Indian bank covering saving, spending and borrowing, so it suits customers who want one provider. The savings account pays 2.5% on a variable rate, with easy access to cash, bill payments and transfers by UPI, IMPS, NEFT and RTGS, and personal loans disburse instantly.
Score breakdown
| Area | Current | ICICI Bank |
|---|---|---|
| Cost | 8.8HigherNo monthly or annual fee, fee-free overdraft, but a currency conversion fee of 3% bites on foreign spend. | 8.6Card costs weigh heavy: an annual fee of INR 3,500 on the Sapphiro card, and personal loan rates of 9.99% to 16.5%. |
| Offer | 9.4 | 9.4 |
| Trust | Not confirmed | 9.0 |
Where each is licensed and available
| Country | Current | ICICI Bank |
|---|---|---|
| India | Not confirmed |
Additional countries for Current: 1. Additional countries for ICICI Bank: 1.
Spending 1,000 abroad
Current
30
3% of 1,000
ICICI Bank
35
3.5% of 1,000
Current comes out 5 lower in this example.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
How they place
| Ranking | Current | ICICI Bank |
|---|---|---|
| Savings | 25 of 1492 | 32 of 1492 |
| Savings accounts | 16 of 658 | 21 of 658 |
| Credit and debit cards | 34 of 1594 | 43 of 1594 |
| Credit cards | 12 of 421 | 15 of 421 |
Every fact side by side
| Fact | Current | ICICI Bank |
|---|---|---|
| Pricing model | No annual fee | Fixed rate |
| Features | Crypto, Custodial | Rewards |
| Audience | Kids | Not confirmed |
| Legal entity | Finco Services, Inc. | ICICI Bank Ltd. |
| Headquarters | United States | India |
| Founded | Not confirmed | 1994 |
| Support channels | Email, Chat, Help centre | Phone, Help centre, Chat |
Savings
| Fact | Current | ICICI Bank |
|---|---|---|
| Headline rate | 0.25% to 4%Higher | 2.5% |
| Rate type | Variable | Variable |
| Term | Not confirmed | 12 to 72 months |
| Minimum deposit | $0.010 | ₹2,500 to ₹15,000 |
| Deposit protection | FDIC up to USD 250,000 | Not confirmed |
| Access terms | Savings Pods accessible on demand in the mobile app, no notice period, up to three pods | Easy access to funds: cash withdrawals, utility bill payments and online fund transfers through UPI, IMPS, NEFT and RTGS |
| Monthly fee | $0 | Not confirmed |
| Account kind | Easy access | Easy access |
Loans
| Fact | Current | ICICI Bank |
|---|---|---|
| Loan amount | Not confirmed | ₹50,000 to ₹5,000,000 |
| Arrangement fee | Not confirmed | Up to 2% of loan amount plus taxes (Personal Loan processing charge) |
| Credit check | Not confirmed | Hard |
| Funding time | Not confirmed | Instant disbursement |
| Lender type | Not confirmed | Direct lender |
| Free early repayment | Not confirmed | No |
| Eligibility | Not confirmed | Indian citizens aged 18-58 years; salaried minimum monthly income 30,000 rupees |
| Origination fee (%) | Not confirmed | 2% |
| Loan types | Not confirmed | Personal, Debt consolidation |
| Use cases | Not confirmed | Home improvement |
Mortgages
| Fact | Current | ICICI Bank |
|---|---|---|
| Initial rate | Not confirmed | 7.55% |
| Maximum loan to value | Not confirmed | 80% to 90% |
| Purpose | Not confirmed | Purchase, Remortgage |
Where each stands against the rest
| Fact | Current | ICICI Bank | Median |
|---|---|---|---|
| APR | 0%lowest quarter | 9.99% to 16.5%below the median | 11.635% |
| Currency conversion fee | 3%highest quarter | 3.5%highest quarter | 1% |
Median across 486 listed providers.
Pros and cons
Current
Pros
- No monthly fee of $0 and fee-free overdraft
- Pods pay a variable 0.25% to 4% from a minimum deposit of $0.01
- Deposits hold FDIC up to USD 250,000 protection
Cons
- Currency conversion costs 3% on foreign spend
- Support runs on email, chat and help centre only, so there is no phone line
- The savings rate is variable and the boost can sit at the bottom of 0.25% to 4%
ICICI Bank
Pros
- Personal loans disburse with Instant disbursement, on amounts of INR 50,000 to INR 5,000,000 over terms of 12 to 72.
- The savings account is easy access, taking a minimum deposit of INR 2,500 to INR 15,000.
- The card pays points on spending, with lounge visits, golf rounds, concierge help and welcome vouchers added.
Cons
- Foreign spend on the card carries a currency conversion fee of 3.5%.
- Personal loan applications run a hard credit check, and good credit is the bar.
- Free early repayment is not offered, so settling a personal loan early carries a charge.
Who each suits
Current
Who it suits
- US households that want spending and savings in a single app
- Parents setting up a teen or custodial account with a debit card
- Anyone who wants to buy and sell crypto alongside everyday banking
Who should look elsewhere
- Frequent travellers, since currency conversion runs at 3%
- Anyone outside the US, where Current does not operate
- People who want a UK or euro current account with a branch-style support line
ICICI Bank
Who it suits
- Salaried Indian citizens of adult age who want savings, a card and loans from one bank.
- Savers comfortable with a variable savings rate and borrowers happy with a fixed rate loan.
- Cardholders who want a credit card with lounge, golf and concierge perks on top of points.
Who should look elsewhere
- wise, if a card with no annual fee matters most, since its annual fee is £0.
- bunq, if you would rather hold a euro account with an annual fee of €0 on the card.
- Varo Believe Secured Credit Card, if a secured card with an annual fee of $0 is the better fit.
Current offers
ICICI Bank
Current offer
Bonus
Sapphiro Credit Card welcome vouchers: Vouchers worth over INR 13,000
Upon payment of the joining fee of INR 6,500 + GST; vouchers worth INR 3,000 from Tata CLiQ, INR 4,000 from EaseMyTrip, INR 5,000 from Da Milano, INR 1,500 from Croma and an EazyDiner Prime Membership worth INR 1,095; issued within 45 business days
Source, checked September 26, 2026
Discount code
BookMyShow buy one get one movie offer on Sapphiro Credit Card: Up to INR 500 off the second ticket
From Apr 1, 2026 requires spending INR 25,000 or more on the Sapphiro Credit Card in the preceding spends quarter; one movie offer per month per card variant for dual-network cards
Source, checked September 26, 2026
Bonus
Sapphiro Credit Card milestone reward points: 4,000 reward points on INR 4 lakh annual spend, plus 2,000 points per additional INR 1 lakh, up to 20,000 points
Awarded in an anniversary year on qualifying annual spend
Source, checked September 26, 2026
Country by country
| Country | Current | ICICI Bank |
|---|---|---|
| India | No | Yes |
| United States | Yes | No |
Questions about each
Current
Is there a monthly fee for a Current account?+
No. The monthly fee is $0 and the annual fee is $0, and overdrafts on the debit card are fee-free. Cash deposits, direct deposits and the savings pods sit inside the same app, so there is no separate charge to open the account.
What does currency conversion cost?+
Spending in another currency is charged 3%. That is the main cost to watch if you travel or buy from overseas sellers, and it applies to the debit card.
ICICI Bank
What does the card cost to hold each year?+
The annual fee on the card is INR 3,500, which sits above cards that charge nothing. Foreign currency transactions add a conversion fee of 3.5% on top. It is a credit card, so balances are meant to be cleared in full rather than carried.
What rewards does the card pay?+
Rewards come as points, earning more on international spend than on domestic, utility and insurance purchases. The credit card also carries welcome vouchers with travel, dining and retail partners, lounge visits, golf rounds, a round the clock concierge service, air accident cover and a fuel surcharge waiver.
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