1. Knowledge Base
  2. Account Management

What is the difference between the Tribevest Accounts and the External Business Accounts?

There are distinct differences between the Tribevest Account and the External Business Account.

There are very distinct differences between the Tribevest Account and the External Business Account. The Tribevest account is the business bank account that Tribevest will open for your Tribe. The External Business Account is a feature that allows you to connect a business account for visibility only. This allows your Tribe members to see the capital within a separate account. See below for more details.

Tribevest Account

Tribevest will open a business bank account for your Tribe after filing the LLC and signing the Operating Agreement. Tribevest works with a sponsored bank to provide you with your bank account, see details here.

See what is all included with the Tribevest Account

External Business Account

This feature allows you to link an external account that you and your Tribe are utilizing for your investment. This feature is for VISIBILITY ONLY, this does not allow you to integrate your own business account with our banking tools. 

Please note: the external business account is visible to your entire Tribe. This is never meant to be used for personal accounts.