The Veend Business product has two main account
- Business account
- Lending Account
This is for separation of concern and also to help you resolve your finances and reports better.
The business account is for all business expenses like paying utility bills, paying salary, paying allowances and assigning cards.
The Lending account is for the disbursement of loans and repayments of loans.
This captures the differences between the two accounts.
| Business Account | Lending Account |
| Funding is from Bank transfer and expense and payment link | Funding is via bank transfer and loan repayments |
| Withdrawal is via card and transfer to other bank accounts. | Withdrawal is only to the business account. |
| Cards can be assigned | Cards cannot be assigned |
| Sub-accounts can be created | Sub-accounts cannot be created. |
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