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.ย 

Crowded vs Playmetrics Crowded

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.

FDIC insurance

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Traditional Banking

Bill Pay

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Tiered account structure

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Admin expense management

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No Minimum Balances

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Online account opening & officer handovers

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Budgeted digital cards for contact spending

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Dedicated Nonprofit Tools:

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Built-in compliance

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Integrated 990 Forms

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Sales tax refund filing

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Fundraising tools

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Dues, event tickets and merchandise payment processing

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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.
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Built-in AI Compliance

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Without spending thousands on an accountant, file the necessary tax forms using the Crowded AI trained on the orgโ€™s financial data.
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Tiered Account Structure

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Enjoy tiered control over org finances with customizable permissions on Crowdedโ€™s Sub Accounts or Chapter Tracker.
nonprofit sub account revenue

Org-wide Transparency

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Track organization cash flow between donations, spending, sent checks and more

Why nonprofits love using Crowded