Depositors are crowdfunders. This crowdfunding should build wealth for the community, not just for banks. Banks should help people minimize their costs and maximize their savings, rather than extracting money from the community to enrich bank shareholders and executives. We ask – what if banks changed all of this? What if banks focused on serving the community and the environment on which we all depend, instead of themselves?


* cumulative total since inception as of December 2020

  • $1


    in Deposits

  • 17,753

    Deposit Accounts

  • 578

    IDA Savers


Banks use the money that you deposit to finance things. But our financial system does not act in the public interest when it comes to using that money. Left to their own devices and in search of maximizing their own profit, banks robbed people, and communities of color in particular, of their biggest assets. Today, banks continue this legacy by charging large, multiple overdraft fees, while claiming to offer “free checking”. They use depositors’ money to fund activities that the depositors don’t want: payday lenders, private prisons, and the Dakota Access Pipeline. 

At Beneficial State, we celebrate depositors as the original and most important “crowdfunders” because they provide the funding to make loans possible. Our depositors know their money is being held by a bank that safeguards community values as closely as it safeguards their deposits.

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Our depositors provide the funding to make loans possible,
we make the loans, and our borrowers create impact in the world.

Find out where your deposits at Beneficial State Bank go.

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