diff --git a/plugins/bkpr/bookkeeper.c b/plugins/bkpr/bookkeeper.c
index b0464f3e1..40388a7e7 100644
--- a/plugins/bkpr/bookkeeper.c
+++ b/plugins/bkpr/bookkeeper.c
@@ -207,6 +207,11 @@ static struct command_result *json_list_balances(struct command *cmd,
 				   " for account %s: %s",
 				   accts[i]->name, err);
 
+		/* Skip the external acct balance, it's effectively
+		 * meaningless */
+		if (streq(accts[i]->name, EXTERNAL_ACCT))
+			continue;
+
 		/* Add it to the result data */
 		json_object_start(res, NULL);