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What is Crew?
Crew is a financial technology company that provides banking services through its partner, Bangor Savings Bank, which is a Member FDIC. The platform enables users to organize their finances by creating pockets for major budget categories, such as bills and savings. It automates budgeting by allowing paycheck splitting across these pockets and offers smart spending features, including the ability to change which pocket a debit card spends from or update transactions after they occur.
The platform includes autopilot functionality for programming money with automation rules based on triggers like transactions or scheduled events, which can initiate actions such as transfers, notifications, or webhook firings. Crew offers high-yield checking accounts with a 2.95% annual percentage yield (APY) and no minimum balance, along with FDIC insurance up to $500k for joint accounts and $250k for individual accounts. It supports family finances with joint accounts, child accounts featuring direct deposit and debit cards, and automated allowances to promote financial literacy, all while providing control through real-time notifications and spend controls.
Features
- High-Yield Checking: Offers 2.95% APY with no minimum balance requirement
- Automated Budgeting: Creates pockets for budget categories and splits paychecks automatically
- Family Accounts: Supports joint accounts and child accounts with debit cards and allowances
- Autopilot Rules: Programs money with triggers and actions for transfers and notifications
- FDIC Insurance: Provides up to $500k for joint and $250k for individual accounts
- Spend Controls: Allows changing debit card spending pockets and updating transactions
Use Cases
- Automating personal budget management and savings
- Managing family finances with joint and child accounts
- Earning interest on checking account balances
- Setting up automated allowances for children's financial education
- Controlling spending with real-time notifications and adjustments
FAQs
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How does Crew make money?
Crew earns money from deposits at our partner bank, as well as through fees paid to us by merchants when you spend on your debit card. -
How can you pay so much in interest?
Being a digital only product means we can pass more interest on to our customers. -
How are my deposits kept safe?
Crew uses industry standard authentication and risk management practices to secure your Crew account. Your deposits are stored at Bangor Savings Bank, member FDIC, and are insured up to applicable federal limits as set forth in the deposit agreement here. -
What do I need to apply?
To apply for Crew you will need to provide your legal name, birth date, physical address and tax ID (e.g. social security number). Most customers take less than two minutes to set up their Crew account. -
Is there a minimum balance?
There is no minimum balance to open or maintain your Crew account.
