How to Manage Sub Accounts 🏆

Welcome to Sub Accounts

Create unlimited subsidiary bank accounts under your Crowded account. Use these accounts to give your chapter’s freedom to manage their finances, while you get complete oversight. Or, simply set some money aside.

Note: this feature is meant for organizations operating under the same EIN. For multi chapter organizations where chapters have their own EIN, take a look at our Chapter Tracker for chapter management 🙂

 

What to use Sub Accounts for?

  • Unified & independent checking accounts for multi-chapter organizations
  • Empower committees to manage their budgets
  • Set money aside to hit savings goals
  • Keep income streams labeled and separate (fundraisers, events, etc.)

If your organization opens up Sub Accounts, your organization becomes an “HQ” or Headquarters account. As the HQ, you have special privileges – you’ll be able to create (unlimited!) Sub Accounts, invite admins to run these accounts, and later, add and withdraw funds from those accounts. 

 

Why use Sub Accounts?

Great question! An organization can turn our Sub Accounts to get unprecedented insights and oversight into how their organization is managing their finances, without needing to hands-on manage everything. Assign admin access to the relevant parties, and allow sub-groups/committees/chapters to manage their own finances, but step in whenever.

Also, say bye to the account handover process as you know it. No more trips to the bank, no need for the group admin to provide their SSN, Sub Account admins can be assigned and replaced instantly. 

 

Get in touch with Customer Success to activate this feature for Crowded accounts at [email protected]

FAQs

How do Sub Accounts work?

Sub Accounts are essentially mini Crowded accounts inside a larger Crowded account. Once an organization activates Sub Accounts on their Crowded account, they can begin creating Sub Accounts, and inviting admins to run those accounts. The appointed admins can log into a Crowded Sub account, as they would their regular account, create collections and issue cards.

What functionalities are limited for Sub Accounts?

Sub Accounts enjoy 99% of what a regular Crowded account experiences (payment processing, expense tools, etc.) with the only difference being that Sub Accounts cannot have Sub Accounts within them.

What can Sub Account admins see?

Sub Account admins can only see the account that they were invited to manage. They cannot see any information of the HQ account or other Sub Accounts.

 

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