F.A.Q.
Yes, you will receive access to your online banking system
Yes, we believe in 100% transparency, so once your contracts are signed, we’ll introduce you directly to banking staff to put your mind at ease.
Yes, in small amounts. For larger amounts, our Cash Vault Service is required.
No, we will provide you, in full disclose all the fees you’ll be responsible for.
Yes, this is possible. It will depend on your unique situation so please schedule a Banking Discovery Call for details.
You’ll need to open your account with a $500.00 to $1000.00 initial deposit.
We can work with you if you’re a startup (in business less than 1 year) or a mature company if you’ve been in business 1 year or longer.
Usually, your funds will clear within 24 to 72 hours after deposit. Times vary by bank and state.
Yes, we can provide a custom integration into any Cannabis or non-Cannabis POS system.
Yes, we’re certified through the SSUTA to provide electronic tax transmission services on your behalf.
Yes, you can use our Cannabis Banking Platform (CBP) to invoice your vendors for products, services, and taxes.
Yes, we offer cash pickup and cash vault services for picking up your cash on scheduled days during the month.
No, this is not an interest-bearing account.
Our pricing starts at $1000.00 per month depending on your geographic location and which services you’ll need.
Yes, if you require Cash Management Services, you will be placed with one of our banking relationships where you’ll get an ATM card.
Yes, we work with a variety of Credit Unions and state-chartered banks to provide you with a bank account that’s nearly identical to non-MRB (Marijuana-Related Business) entities that you may have now.
The entire process usually takes less than 3 weeks. There’s a fair amount of documentation and paperwork that needs to be collected. The faster you can provide us the required documents, the faster we can have your account setup.