Sub Accounts
Oversight for Your Organization
Maintain Chapter Independence
Allow subgroups of your organization to manage funds autonomously, while getting full transparency and control over funds
- Tiered account structure for transparent finances across an organization
- Custom-level restrictions for fully functional Crowded Sub Accounts, with added oversight for the HQ
- One-click payout distribution and allocation
Organizations using Sub Accounts
Tiered Banking
Enjoy the efficiency of unified banking* across chapters
- Add and remove funds instantly for free
- Save time with 100% digital accounts (No need to travel to authorize bank accounts or change signatories!)
- Instant account opening with no EIN or incorporation documents required
- Accounts can be frozen to prevent fund mismanagement
transparent sub accounts
Oversee chapters under one account
- One clear dashboard with account information & balances
- Add or remove account admins instantly anytime
- Track cash inflows and outflows, deposit or withdraw anytime
- Monitor account finances at the level of insight desired
- Easily identify struggling accounts and step in if necessary
How it works
Onboard Leaders as Admins
Much easier than opening a full bank account! No EIN or incorporation documentation required.
Chapters Manage Funds Autonomously
Admins enjoy built-in payment processing and transparent spending tools.
HQ Gets Total Oversight
Funds can be added or withdrawn from Sub Accounts, and accounts can be monitored from a central dashboard.
Streamlined compliance
Maintain your tax-exempt status effortlessly
- Centralized financial information for easier annual reporting
- State-level sales tax recovery and fundraising permits
- E-filing certified with the IRS
- Auto-populated Form 990 filings
answered.
Want to chat? Contact us.
What is a Sub Account?
A Sub Account is a subsidiary bank account of a central Crowded bank account. It is an ‘account within an account’ of a Crowded account.
What types of organizations can use Sub Accounts?
Sub Accounts are meant for nonprofit organizations organized under the same EIN (Employer Identification Number), and not organizations with many subchapters that all have a unique EIN.
Sub Accounts are perfect for sports leagues, universities, Girl Scout councils and service units, large charities, foundations etc.
How much does it cost to use Sub Accounts?
The cost of Sub Accounts depends on how many your organization would like. Two Sub Accounts are included in the Pro plan, and otherwise, get in touch with us for a personalized quote for your organization.
What do Sub Account admins see when invited?
When inviting an individual to be the admin on a Sub Account, their onboarding is a simple process of verifying their personal information such as phone number, email and date of birth. Their social security number is not required.
Once they fill out their information, they can immediately start managing their Sub Account – creating payment collection links, spending funds with Crowded cards, and all other financial transactions.
Do Sub Accounts need to have an EIN?
Sub Accounts are specifically for organizations whose subsidiary groups do not have their own EIN, and are nestled under a central organization. Sub Accounts do not need to provide any of the documentation that is normally required for opening a bank account: EIN, Incorporation documents, SSN or driver’s license.
What visibility do Sub Account admins have?
The admins invited to manage a Sub Account can only see that account. They have no visibility into any other Sub Accounts, or the organization’s HQ account.
- Create an account
- Onboard chapters
- Consolidate your financial management
Let’s chat!
Darryl Gecelter