✅ KYC check on all members
✅ Send funds via ACH or Wire (fees may apply)
✅ Order a debit card
✅ Integration with Intuit and Yodlee services
✅ FDIC-Insured up to $250,000 through Blue Ridge Bank N.A. Member FDIC
✅ Remote check deposit capture
✅ Recurring monthly capital contributions
✅ Automatically creates all members to be Payees with the ability for additional Payees
✅ Interest bearing account
Walk into any bank and wait days and weeks to get a business bank account. Not with Tribevest. Once your LLC and EIN are completed, we open your account.
Everyone can see what is coming in and going out of the bank account at all times.
There is no limit on the total amount an individual member can contribute. However, daily contribution limits may apply. Larger contributions can easily be split into more than one contribution if daily contribution limits are exceeded.
Yes, the tribe can use funding rounds to start pooling capital contributions. Each member's contributions will be held in their Wallet.
All members can track their contribution from the tribe dashboard. Once a business bank account is set up, the member can easily move their funds into the business bank account.
From the Tribe dashboard you can send payments via Wire Transfer (fees may apply). After the Wire has been sent, you can see the status and details of your transfer like the IMAD and OMAD numbers associated.
You can link your bank account from your user dashboard using the Wallet feature. You'll be prompted by Plaid to locate your bank, provide login credentials and select the account you would like to link.
Each Tribe admin can order one debit card for their Tribe's business bank account. This can be done from within the Tribe's dashboard under Card Management and will be sent to your physical address with instructions to activate.
You can easily add a Payee in the Tribe dashboard under the Banking tab.
The Tribevest Wallet provides each individual with their own personal account in Tribevest which allows you to easily hold and move funds from your Wallet to your Tribe and vice versa.
The Wallet can be activated within the User Dashboard by linking a source account.
Only designated admins can control the movement of money in the business bank account. All other members simply have visibility through the dashboard.