Crescent is an online business banking platform built for business capital. We offer Crescent Cash, which currently earns up to 4.40% annual percentage yield on your entire checking account balance and can arrange for millions in aggregate FDIC insurance across network banks^† and their sweep networks.

Crescent Financial Inc. is a financial technology company, not an FDIC-insured depository institution. Banking services are provided by OMB Bank, Member FDIC. Subject to the terms of the applicable ICS Deposit Placement Agreement, OMB Bank will place deposits at FDIC-insured institutions through IntraFi’s ICS service. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. Certain conditions must be satisfied for “pass-through” FDIC deposit insurance coverage to apply. To meet the conditions for pass-through FDIC deposit insurance, deposit accounts at FDIC-insured banks in IntraFi’s network that hold deposits placed using an IntraFi service are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through coverage.

Your company will need to provide a certificate of formation, an employer identification number issued by the Internal Revenue Service,  and the names, physical addresses, dates of birth, and social security numbers for each person who owns or controls 25% or more of the voting shares of the company (i.e., beneficial owners). The federal government requires the customer to obtain this information before the bank can open an account for your company. Unless exempt, you are required by law to provide the names and other information to the Department of Treasury’s FinCEN at https://www.fincen.gov/boi.

Crescent does not charge any account opening fees, transfer fees, or minimum balance fees.

Reach out to our Crescent Concierge at support@crescent.app with any questions or to open an account.

Crescent Financial Inc. is a financial technology company, not an FDIC-insured depository institution. Subject to the terms of the applicable ICS Deposit Placement Agreement. Your funds will be placed at FDIC-insured depository institutions in the IntraFi network. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. Certain conditions must be satisfied for “pass-through” FDIC deposit insurance coverage to apply. To meet the conditions for pass-through FDIC deposit insurance, deposit accounts at FDIC-insured banks in IntraFi’s network that hold deposits placed using an IntraFi service are titled, and deposit account records are maintained, in accordance with FDIC regulations for pass-through coverage.

When you open a Crescent Cash account, you receive a bank account and banking services from one of our partner banks. Our partner bank(s) will place your funds in deposit accounts at network banks.

Outgoing ACH transfers can be processed the same day if processed before 2 pm CST. Any ACH transfers sent after that will be sent the following business day. Outbound domestic wire transfers typically provide same-day (if the order is provided before 3 pm CST) or next-business-day delivery of funds. Outbound international wires take between 1-5 business days to settle.

OMB's general policy is to allow you to withdraw funds deposited in your account on the first business day after the day we receive your deposit. Funds from electronic deposits will be available on the day we receive the deposit. In some cases, we may delay your ability to withdraw funds beyond the first business day. Then, the funds will generally be available by the second business day after the day of deposit.

Subject to funds availability.

Yes. Your custody account is held solely in your name – Crescent never accesses your cash investments, but merely provides you ability to transact on your account and view your statements digitally.

Crescent Cash applications generally take less than 10 minutes to complete if you have all the information available and ready to provide. Applications are typically processed in 1-2 business days. Get started here: https://account.crescent.app/sign-up