diff --git a/packages/core/src/components/TextField/CurrencyField.example.jsx b/packages/core/src/components/TextField/CurrencyField.example.jsx
index 24bcc092fd..2cd5657da8 100644
--- a/packages/core/src/components/TextField/CurrencyField.example.jsx
+++ b/packages/core/src/components/TextField/CurrencyField.example.jsx
@@ -8,6 +8,7 @@ ReactDOM.render(
     label="Monthly income"
     mask="currency"
     name="currency_example"
+    value="2500"
   />,
   document.getElementById('js-example')
 );
diff --git a/packages/core/src/components/TextField/Mask.jsx b/packages/core/src/components/TextField/Mask.jsx
new file mode 100644
index 0000000000..c9ee9b3dd4
--- /dev/null
+++ b/packages/core/src/components/TextField/Mask.jsx
@@ -0,0 +1,149 @@
+import PropTypes from 'prop-types';
+import React from 'react';
+
+/**
+ * A Mask component renders a controlled input field. When the
+ * field is blurred, it applies formatting to improve the readability
+ * of the value.
+ */
+export class Mask extends React.PureComponent {
+  constructor(props) {
+    super(props);
+    this.field = React.Children.only(this.props.children);
+    this.state = {
+      value: this.maskedValue(this.initialValue())
+    };
+  }
+
+  componentDidUpdate() {
+    if (this.debouncedOnBlurEvent) {
+      this.field.props.onBlur(this.debouncedOnBlurEvent);
+      this.debouncedOnBlurEvent = null;
+    }
+  }
+
+  /**
+   * @param {String} value
+   * @returns {Number}
+   */
+  toNumber(value) {
+    if (typeof value !== 'string') return value;
+
+    // 0 = number, 1 = decimals
+    const parts = value.split('.');
+    const digitsRegex = /\d/g;
+    const a = parts[0].match(digitsRegex).join('');
+    const b = parts.length >= 2 && parts[1].match(digitsRegex).join('');
+
+    return b ? parseFloat(`${a}.${b}`) : parseInt(a);
+  }
+
+  /**
+   * Format a string using fixed-point notation, similar to Number.prototype.toFixed
+   * though a decimal is only fixed if the string included a decimal already
+   * @param {String} value - A stringified number (i.e. "1234")
+   * @param {Number} digits - The number of digits to appear after the decimal point
+   * @returns {String}
+   */
+  stringWithFixedDigits(value, digits = 2) {
+    const decimalRegex = /\.[\d]+$/;
+
+    // Check for existing decimal
+    const decimal = value.match(decimalRegex);
+
+    if (decimal) {
+      const fixedDecimal = parseFloat(decimal)
+        .toFixed(digits)
+        .match(decimalRegex)[0];
+
+      return value.replace(decimal, fixedDecimal);
+    }
+
+    return value;
+  }
+
+  /**
+   * Returns the value with additional masking characters
+   * @param {String} value
+   * @returns {String}
+   */
+  maskedValue(value = '') {
+    if (value && typeof value === 'string') {
+      value = value.trim();
+
+      if (this.props.mask === 'currency') {
+        // Format number with commas. If the number includes a decimal,
+        // ensure it includes two decimal points
+        value = this.toNumber(value);
+        value = this.stringWithFixedDigits(value.toLocaleString('en-US'));
+      }
+    }
+
+    return value;
+  }
+
+  /**
+   * To avoid a jarring experience for screen readers, we only
+   * add/remove characters after the field has been blurred,
+   * rather than when the user is typing in the field
+   * @param {Object} evt
+   */
+  handleBlur(evt) {
+    const value = this.maskedValue(evt.target.value);
+
+    // We only debounce the onBlur when we know for sure that
+    // this component will re-render (AKA when the value changes)
+    // and when an onBlur callback is present
+    const debounce =
+      value !== this.state.value &&
+      typeof this.field.props.onBlur === 'function';
+
+    if (debounce) {
+      // We need to retain a reference to the event after the callback
+      // has been called. We pass this onto the consuming app's onBlur
+      // only after the value has been manipulated – this way, the
+      // value returned by event.target.value is the value after masking
+      evt.persist();
+      this.debouncedOnBlurEvent = evt;
+    }
+
+    this.setState({
+      value
+    });
+
+    if (!debounce && typeof this.field.props.onBlur === 'function') {
+      // If we didn't debounce the onBlur event, then we need to
+      // call the onBlur callback from here
+      this.field.props.onBlur(evt);
+    }
+  }
+
+  handleChange(evt) {
+    this.setState({ value: evt.target.value });
+
+    if (typeof this.field.props.onChange === 'function') {
+      this.field.props.onChange(evt);
+    }
+  }
+
+  initialValue() {
+    return this.field.props.value || this.field.props.defaultValue;
+  }
+
+  render() {
+    return React.cloneElement(this.field, {
+      defaultValue: undefined,
+      onBlur: evt => this.handleBlur(evt),
+      onChange: evt => this.handleChange(evt),
+      value: this.state.value
+    });
+  }
+}
+
+Mask.propTypes = {
+  /** Pass the input as the child */
+  children: PropTypes.node.isRequired,
+  mask: PropTypes.string.isRequired
+};
+
+export default Mask;
diff --git a/packages/core/src/components/TextField/Mask.test.jsx b/packages/core/src/components/TextField/Mask.test.jsx
new file mode 100644
index 0000000000..892c27e0b0
--- /dev/null
+++ b/packages/core/src/components/TextField/Mask.test.jsx
@@ -0,0 +1,118 @@
+import { mount, shallow } from 'enzyme';
+import Mask from './Mask';
+import React from 'react';
+
+function render(customProps = {}, inputProps = {}, deep = false) {
+  const component = (
+    <Mask {...customProps}>
+      <input name="foo" type="text" {...inputProps} />
+    </Mask>
+  );
+
+  return {
+    props: customProps,
+    wrapper: deep ? mount(component) : shallow(component)
+  };
+}
+
+describe('Mask', function() {
+  it('calls onBlur when the value is the same', () => {
+    const onBlur = jest.fn();
+    const wrapper = render(
+      { mask: 'currency' },
+      { value: '123', onBlur: onBlur }
+    ).wrapper;
+
+    wrapper.simulate('blur', { target: { value: '123' }, persist: jest.fn() });
+
+    expect(onBlur.mock.calls.length).toBe(1);
+  });
+
+  it('calls onBlur when the value changes', () => {
+    const onBlur = jest.fn();
+    const wrapper = render(
+      { mask: 'currency' },
+      { value: '123', onBlur: onBlur },
+      true
+    ).wrapper;
+
+    wrapper
+      .find('input')
+      .simulate('blur', { target: { value: '1234' }, persist: jest.fn() });
+
+    expect(onBlur.mock.calls.length).toBe(1);
+  });
+
+  it('calls onChange', () => {
+    const onChange = jest.fn();
+    const wrapper = render(
+      { mask: 'currency' },
+      { value: '123', onChange: onChange }
+    ).wrapper;
+
+    wrapper.simulate('change', { target: { value: '123' } });
+
+    expect(onChange.mock.calls.length).toBe(1);
+  });
+
+  describe('Currency', () => {
+    it('renders a blank controlled field when value is empty', () => {
+      const data = render({ mask: 'currency' }, { value: '' });
+      const input = data.wrapper.find('input');
+
+      expect(input.prop('value')).toBe('');
+    });
+
+    it('renders a blank controlled field when value is null', () => {
+      const data = render({ mask: 'currency' }, { value: null });
+      const input = data.wrapper.find('input');
+
+      expect(input.prop('value')).toBe('');
+    });
+
+    it('renders a blank controlled field when value is undefined', () => {
+      const data = render({ mask: 'currency' });
+      const input = data.wrapper.find('input');
+
+      expect(input.prop('value')).toBe('');
+    });
+
+    it('accepts already masked value', () => {
+      const data = render({ mask: 'currency' }, { value: '1,234.50' });
+      const input = data.wrapper.find('input');
+
+      expect(input.prop('value')).toBe('1,234.50');
+    });
+
+    it('adds commas to value with decimal ending in 0', () => {
+      const data = render({ mask: 'currency' }, { value: '12345678.90' });
+      const input = data.wrapper.find('input');
+
+      expect(input.prop('value')).toBe('12,345,678.90');
+    });
+
+    it('adds commas to value with decimal ending in non-zero number', () => {
+      const data = render({ mask: 'currency' }, { value: '1234.95' });
+      const input = data.wrapper.find('input');
+
+      expect(input.prop('value')).toBe('1,234.95');
+    });
+
+    it('adds commas to value with no decimal', () => {
+      const data = render({ mask: 'currency' }, { value: '1234' });
+      const input = data.wrapper.find('input');
+
+      expect(input.prop('value')).toBe('1,234');
+    });
+
+    it('adds commas to defaultValue and replaces with value prop', () => {
+      const data = render(
+        { mask: 'currency' },
+        { defaultValue: '12345678.90' }
+      );
+      const input = data.wrapper.find('input');
+
+      expect(input.prop('value')).toBe('12,345,678.90');
+    });
+  });
+});
diff --git a/packages/core/src/components/TextField/TextField.jsx b/packages/core/src/components/TextField/TextField.jsx
index 1a65843711..11d8a27367 100644
--- a/packages/core/src/components/TextField/TextField.jsx
+++ b/packages/core/src/components/TextField/TextField.jsx
@@ -1,4 +1,5 @@
 import FormLabel from '../FormLabel/FormLabel';
+import Mask from './Mask';
 import PropTypes from 'prop-types';
 import React from 'react';
 import classNames from 'classnames';
@@ -32,8 +33,8 @@ export class TextField extends React.PureComponent {
 
     return maskName ? (
       <div className={`ds-c-field-mask ds-c-field-mask--${maskName}`}>
-        {this.renderMask()}
-        {field}
+        {this.renderMaskOverlay()}
+        <Mask mask={maskName}>{field}</Mask>
       </div>
     ) : (
       field
@@ -43,7 +44,7 @@ export class TextField extends React.PureComponent {
   /**
    * UI overlayed on top of a field to support certain masks
    */
-  renderMask() {
+  renderMaskOverlay() {
     if (this.props.mask) {
       const content = {
         currency: '$'
diff --git a/packages/core/src/components/TextField/__snapshots__/TextField.test.jsx.snap b/packages/core/src/components/TextField/__snapshots__/TextField.test.jsx.snap
index 3fe41017e1..b78c8291e8 100644
--- a/packages/core/src/components/TextField/__snapshots__/TextField.test.jsx.snap
+++ b/packages/core/src/components/TextField/__snapshots__/TextField.test.jsx.snap
@@ -18,13 +18,17 @@ exports[`TextField masked renders currency mask 1`] = `
     >
       $
     </div>
-    <input
-      aria-label="Foo. Enter amount in dollars."
-      className="ds-c-field ds-c-field--currency"
-      id="textfield_29"
-      name="spec-field"
-      type="text"
-    />
+    <Mask
+      mask="currency"
+    >
+      <input
+        aria-label="Foo. Enter amount in dollars."
+        className="ds-c-field ds-c-field--currency"
+        id="textfield_29"
+        name="spec-field"
+        type="text"
+      />
+    </Mask>
   </div>
 </div>
 `;
diff --git a/packages/core/src/components/__tests__/index.test.js b/packages/core/src/components/__tests__/index.test.js
index c40824e910..55d0fec88b 100644
--- a/packages/core/src/components/__tests__/index.test.js
+++ b/packages/core/src/components/__tests__/index.test.js
@@ -34,7 +34,7 @@ function getDirectories(paths) {
   return paths.filter(filePath => fs.lstatSync(filePath).isDirectory());
 }
 
-const ignoredComponents = ['Step', 'SubStep', 'StepLink', 'ReviewLink'];
+const ignoredComponents = ['Mask', 'ReviewLink', 'Step', 'SubStep', 'StepLink'];
 
 describe('Components index', () => {
   it("exports all components except ones we don't want to expose", () => {