Nonprofit Checking Accounts
A bank account* built for your nonprofit
Simplify your financial management with banking* designed for the needs of nonprofits, benefiting from central visibility with all cards, transactions, and incoming payments in one account with multi-admin access. Nonprofit leaders enjoy no minimum balances or branch visits, and handling leadership changes online.
- Digital, branchless banking*
- No minimum balances
- Customized banking* features for nonprofits.
Trusted by thousands of nonprofits nationwide
The Perks
Online signatory
changes
No minimum balances
Physical & digital
debit cards
Mobile check
deposit
Fee-free
atms
24/7 banking support
Read-only
permissions for advisors
Easy SetUp
Get your bank account* up and running 100% online
- Fully digital account maintenance
- IRS-integration-powered prefilled bank application
- Tiered account structure for individual nonprofits or multi-chapter orgs
Transparent finances
Manage finances with a clear dashboard
- User-friendly web and mobile app
- Clear financial monthly statements and transaction monitoring
- Everything in one platform - secure fund storage, payment processing, expense management, and compliance
Sub Accounts
Enjoy the efficiency of unified banking* across chapters
- Tiered account structure for autonomy with transparency for sub groups (i.e. chapters, committees, etc.)
- Instant account opening with no EIN or incorporation documents required for chapters
- Track cash inflows and outflows
- Add or remove account admins instantly anytime
- Monitor account finances at the level of insight desired
Clear cash flow
Manage money movement masterfully
- Pay bills, payroll, and any expenses with flexible payment options – Same day or regular ACH, check, transfer to card, wire transfers or Bill Pay
- Never lose track of funds with clear transaction histories, multi-user oversight and attached receipts with AI transaction tagging
- Connect any external accounts for seamless in-app transfers or use Crowded as a payout method on external platforms
fund Security
Security for your nonprofit's funds
- Accounts are FDIC insured up to $3,000,000 through FDIC member banks **
- Visa fraud protection & alerts on spending
- Safe login with two-step authentication
debit Cards
Built-in expense management
- Budgeted assigned physical & digital cards to trusted spenders
- Admin cards for unrestricted yet transparent spending
- Attached receipts with AI transaction tagging make for effortless expense categorization
Checks
Send & cash your checks digitally
- Deposit a check in seconds online for free
- Send a check online & track its progress
- Manage sent and deposited checks together
Fee-Free Atms
Access to cash when you need it
- Withdraw cash for free at 55k Allpoint ATMs.
- Deposit cash to your account from specific All Point ATMs
- Easily track withdrawal history on all cards.
answered.
Want to chat? Contact us.
Is Crowded a bank?
No. Crowded is a financial technology company, and checking accounts are provided by i3 Bank, Member FDIC.* Crowded has built the software nonprofits use to manage the account, send transfers, collect payments, and issue cards.
Is our nonprofit's money FDIC insured with Crowded?
Deposits are eligible for FDIC insurance through i3 Bank’s deposit sweep program, for up to $3,000,000 in total coverage per organization, up to $250,000 at each program bank.** Visa® debit cards are also covered by Visa’s Zero Liability policy for unauthorized charges and more.
How is Crowded different from Zelle, Venmo & PayPal?
Using Zelle, Venmo & Paypal? Great for friends, not for your organization. Here’s why Crowded is the better app for collecting dues & for events:
Built for Organizations: Manage all your group’s finances in one platform. Create organized collections, track incoming payments, send reminders, and see who’s paid at a glance.
Built in Compliance: Stay compliant with IRS regulations with Crowded’s IRS integrated Form 990 filing.
Does a nonprofit need an EIN and to be incorporated to use Crowded?
For a nonprofit to open a Crowded account, an EIN and incorporation are necessary. If your organization does not have the proper documents or needs help locating or updating your EIN, you can get one during the Crowded sign-up process!
Is Crowded free?
Crowded accounts are free to set up – we have no minimum balances or subscription fees.
What do we charge for?
Transaction fees apply to some payments, view our fee schedule here.
Who can open a Crowded checking account?
Crowded accounts are open to any organization type, from nonprofits and membership organizations, including 501(c)(3) charities, associations, chapters, clubs, booster clubs, camps, and religious organizations, to for-profit organizations.
Can treasurers, board members or bookkeepers access the account?
Crowded checking accounts* can have several admins, each with their own login, plus read-only access for bookkeepers, accountants, or auditors.
Are monthly monthly statements provided?
Crowded provides monthly statements for every checking account, and transactions can be exported or synced to QuickBooks, Xero or Sage Intacct.
Can we keep separate bank accounts for our chapters, programs or restricted funds?
Yes, Crowded Sub Accounts give each chapter, program or pool of restricted funds its own account under the organization’s EIN, so money for different purposes isn’t mixed.
See how other multi-chapter organizations maintain oversight
Accounts tailored to their nonprofit needs
A 3-4 month process cut to two days
17,000 hours a year saved
Crowded offers banking* built for nonprofits
See how choosing a dedicated nonprofit bank account sets your organization up for success
Traditional Banks | Credit Unions | Venmo | ||
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Digital first, easy account opening | ||||
No monthly fees or minimums | ||||
Sub-accounts | ||||
FDIC insurance** | ||||
Online officer handovers | ||||
Dues & donation collection |
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Digital first, easy account opening |
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Traditional Banks |
Credit Unions |
Venmo |
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No monthly fees or minimums |
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Traditional Banks |
Credit Unions |
Venmo |
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Sub-accounts |
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Traditional Banks |
Credit Unions |
Venmo |
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Online officer handovers |
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Traditional Banks |
Credit Unions |
Venmo |
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FDIC insurance ** |
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Traditional Banks |
Credit Unions |
Venmo |
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Dues & donation collection links |
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Traditional Banks |
Credit Unions |
Venmo |
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Ready to move your nonprofit's banking online?
Open a checking account* with no minimum balance, give officers their own access and hand over the account online when leadership changes.