Crew is a banking app made for families. Crew Family Banking Review
Parents who want to teach their kids how to handle money often have to go through a lot of trouble to set up accounts for them. They may also have trouble getting everyone in the house the right level of access. Crew Family Banking Review
Crew Family Banking wants to help with these common issues. Crew Family Banking is worth checking out if you want an easy way to manage your family’s money, including your kids’ accounts.
In our full review, we go over everything you need to know about this new banking platform.
Promo: When you use a link below or the code COLLEGE in the app, your family’s savings rate will go up by 1.00% APY (annual percentage yield) for three months. Crew Family Banking Review
What Is Crew Family Banking?
Crew is a financial technology company, not a bank. Banking services are provided by Bangor Savings Bank. The financial platform offers access to banking features and simplifies the management of your family finances.
What Does It Offer?
Let’s take a closer look at what Crew has to offer.
Interest-bearing Checking And Savings Accounts
As of January 1, 2026, Crew offers a 2.95% APY on funds in its Crew Savings account. Additionally, funds in the Crew Checking earn 0.25% APY. Although interest rates will change over time, these rates are attractive. Crew Family Banking Review
Not only can you tap into these interest-bearing options with your own funds, but your children’s accounts also offer these APYs.
Feature-Rich Accounts For Children
When it comes to managing kids bank accounts, a bit of oversight from a parent is generally necessary. Through Crew, you’ll have easy access to features that help your child learn about money. And your child can lean on the features as they build smart money management skills. Crew Family Banking Review
A few of the highlights include:
- Allowances: Children can automatically split their weekly allowance between spending and saving.
- Individual debit cards: Each child can access a customisable debit card attached to their own spending account.
- Freeze spending easily: You or your child can freeze and unfreeze spending from a debit card through the app.
As you teach your child to manage money, these real-life features can make it easier for your kids to learn the ropes of money management. Crew Family Banking Review
Pockets
If you’re managing multiple savings goals, it helps to break up your savings into multiple categories, which Crew refers to as “pockets.” Crew offers an option to set up different pockets for different savings goals.
Of course, this feature is helpful for parents managing their own funds. But it’s also helpful for kids learning how to balance multiple savings goals.
Cash Deposit Options Limited
As of writing, Crew does not support cash deposits. That means your kids won’t be able to deposit their birthday money into their savings account. This may be an issue for some. Crew Family Banking Review
That said, Crew is actively working to add the ability to deposit cash in the near future.
Are There Any Fees?
How Does Crew Family Banking Compare?
If you are looking for a way to manage your family finances, including kid accounts, Crew isn’t the only option. Take a look at how it stacks up below.
FamZoo is a popular platform designed to help kids learn how to manage their money. Instead of bank accounts on a single app, FamZoo includes prepaid debit cards that your child can use to pay for things with real money. Parents can move money to a child’s account and monitor their child’s spending through the app. But you’ll still need to manage your own finances somewhere else.
Greenlight is another option. Its debit card is designed to help kids learn to manage their funds, with a parent’s oversight. Through Greenlight, kids can earn interest on their savings and learn to practise good savings habits. Crew Family Banking Review
How Do I Open An Account?
Head to Crew’s website to open an account. You’ll need to share your legal name, birthday, physical address, and Social Security number to get started. According to Crew, it should take just two minutes to set up your account.