Does Current do a hard credit pull to open a Checking Account via Rakuten?

No. Current does not pull your credit to open a Checking Account via Rakuten.

Is the Current Checking Account via Rakuten bonus available nationwide?

Yes. The Current Checking Account via Rakuten bonus is available to applicants in all 50 states.

Is the Current Checking Account via Rakuten bonus taxable?

Yes. Bank account bonuses are considered taxable income by the IRS. Current will send a 1099-INT form if your bonus is $10 or more.

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Current

Current Checking Account via Rakuten $17.50 Bonus

Bonus amount: $17.50Rakuten payout as of Oct 7, 2026. Portal amounts change often, so check today's figure before you start.
Expires: Not listed
Time to complete: ~14 days
Bonus deposited in: ~90 days
Difficulty: Easy

Open the offer at Rakuten →

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New to Rakuten? Join here first, then come back and use the button above. We may earn a reward if you join Rakuten through this link.

More routes to this bonus

Current best route: Current Checking Account. Ranked Sep 23, 2026.

Compare all routes →

Requirements

Last verified: Oct 7, 2026

Open a Current account through the Rakuten offer
Use the link above to open Rakuten's Current offer, then open your account through it. Opening directly earns no Rakuten reward.
Complete the offer card's requirements
Follow every requirement and deadline shown on Rakuten's Current offer card. The offer card's terms control.

Rakuten credits the reward after it confirms the offer was completed. Confirmation timing varies, so keep a copy of the offer card and follow its instructions exactly.

Account Details

Monthly feeNo monthly fee

Min. hold period60 days

No minimum hold period. Keep open for 60 days to avoid issues. A Current account is useful for sending deposit to other accounts to trigger direct deposit requirements.

Credit inquiryNo credit pull

ChexSystemsThe bank does not publish whether it screens banking history. Ask before you apply.

AvailabilityNationwide

Eligibility

Minimum age18+

Existing customersNot eligible

Must be a new Current member.

Tips & Gotchas

→The link above opens Rakuten's Current offer. Create your Rakuten account when prompted.
→Follow the offer card's requirements exactly. Rakuten pays only when it confirms the offer was completed.
→Completing the flow in the same sitting is the safest way to make sure the offer tracks.

Direct Deposit Data Points 41

41 community reports across 25 transfer sources, showing what triggers a qualifying direct deposit at Current.

Showing 39 of 41 reports

View all Current direct deposit data points →

How long until the bonus posts? The most recent community reports average about 15 days. See 17 reports on Current Checking payout timelines →

Can You Earn This Bonus Again?

Can rechurnNo

Fine Print

Rakuten terms apply. The Current account must be new. The portal reward is not guaranteed until Rakuten confirms the offer was completed.

Taxable income · Reported on 1099-MISC

What is a hold period?

The minimum time you must keep your balance in an account before the bonus is paid out.

Read →

Also see: this month's best bank bonuses and community DD data points.

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