Won’t bore y’all with gory details, but I’ve been asked to open an account with this bank: https://gtefinancialtrust.com/GTE-Bank/ in order to receive funds from an online trading platform (story in of itself). I’ve poked around and don’t see anything obviously suspicious, but at the same time searching them online reveals nothing; no reviews, no complaints, no way to verify registration with any regulatory authority. Was hoping someone with more expertise than me can see if they find any red flags or if they appear to be on the up and up. Cheers!

Move on. There are plenty of banks.

If it's required as part of the contract with the investment house, open it, transfer funds from the platform, then move them to whatever bank you want and close the platforms account.

They probably have fees associated with it, and, they would like to keep the money from the divestiture in the investments in their bank.

Insurance companies do this with life proceeds, beneficiaries can opt to get check books with an in-house bank account at Metlife, Pru, et al..

Nothing says that you have to though with insurance, usually it's done when the beneficiary doesn't have a bank account to deposit funds into.

If the online trading platform requires you to use a particular bank, find another platform

Are they legit, technically yes.

Would I put my money there?

NO

Their disclosures are at the bottom of the page.

https://gtefinancialtrust.com/GTE-Bank/about-us/

Thanks all for the replies. To expand a little I’m already invested with the trading platform, I was led to believe early on that I could get my proceeds sent to coinbase or other similar wallet but that has since changed and the only option is this bank. The (vague) reason given is they have some sort of agreement, which I assume to mean the trading co gets some kickback or other favor(s) from the bank in exchange for sending them customers. I do plan on moving my money out to my primary bank as soon as I can, just wanted to check things out before any money moves.