Crowded vs a Traditional Bank?
How does Crowded differ from opening a regular business checking account? Crowded offers dedicated nonprofit banking* with extra financial features that banks don’t.
See how Crowded stacks up against traditional brick-and-mortar banking
Crowded offers a nonprofit dedicated one-stop shop for nonprofits to manage their finances 100% remotely and compliantly.
A traditional brick-and-mortar bank helps organizations store their funds securely, but lacks the other financial management tools, and is generally not attuned to nonprofit needs.
This leaves nonprofits with a gap to fill by purchasing other platforms for the missing features, leading to higher costs, more time on reconciliation, and hassle.
 | Traditional Bank | |
FDIC insurance** | Yes | Yes |
Bill Pay | Yes | Yes |
Tiered account structure | Yes | No |
Admin expense management | Yes | Yes |
No Minimum balances | Yes | No |
Online account opening & officer handovers | Yes | No |
Budgeted digital cards for contact spending | Yes | No |
Dedicated Nonprofit tools | Yes | No |
Built-in compliance | Yes | No |
Integrated 990 Forms | Yes | No |
Sales tax refund filing | Yes | No |
Fundraising tools | Yes | No |
Dues, event tickets and merchandise payment processing | Yes | No |
FDIC insurance
Traditional Banking
Bill Pay
Traditional Banking
Tiered account structure
Traditional Banking
Admin expense management
Traditional Banking
No Minimum Balances
Traditional Banking
Online account opening & officer handovers
Traditional Banking
Budgeted digital cards for contact spending
Traditional Banking
Dedicated Nonprofit Tools:
Traditional Banking
Built-in compliance
Traditional Banking
Integrated 990 Forms
Traditional Banking
Sales tax refund filing
Traditional Banking
Fundraising tools
Traditional Banking
Dues, event tickets and merchandise payment processing
Traditional Banking
One Unified Platform
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Built-in AI Compliance
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Tiered Account Structure
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Org-wide Transparency
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One Unified Platform
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Crowded is the only platform to offer payment processing, spending, banking* and compliance management under one login.
Built-in AI Compliance
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Tiered Account Structure
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Enjoy permissions for tiered control over org finances with Crowded’s Sub Accounts or Chapter Tracker.
Org-wide Transparency
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Track organization cash flow between donations, spending, sent checks and more.
Why nonprofits love using Crowded
“Of all the platforms I looked at, Crowded was one of the most simple, even compared to some of the more local banks. So it was kind of a no-brainer when I started playing around with it.”
Elijah, Founder Surmount New York
“Crowded feels like an Apple product — smooth, secure, and beautifully designed. The mobile app with Face ID gives me instant visibility into our balances, and I use it to handle everything from hotels and flights to trains and Ubers for our delegations.”
Role
“After our previous experiences with other platforms, Crowded’s solution seemed too good to be true. The whole process of paying the staff was super easy, and our staff were happier. A definite win-win. Looking forward to next summer!”
Tara, Camp Director
“It would take us months and months just to make a simple officer change. With board members in different states, we had to coordinate branch visits, fill out tons of paperwork, and hope the banks communicated with each other—it was incredibly frustrating.”
Jordanya, President-Elect
“With Crowded, we’ve eliminated risk and created a system our board, coaches, and athletes can all trust. It’s the kind of operational backbone every multi-team or multi-chapter program should have.”
Zoe, Women’s Club Lacrosse Finance Chair
Get started with your sports club or team’s 100% online account today!
- Create your account
- Onboard your teams
- Consolidate your financial management