Will I have online banking access?2020-09-01T22:23:05+00:00

Yes, you will receive access to your online banking system

Will I have direct access to a banker?2020-09-01T22:21:16+00:00

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.

Can I bring cash to the bank myself without using your cash vault services?2020-09-01T22:21:16+00:00

Yes, in small amounts. For larger amounts, our Cash Vault Service is required. 

What’s the fine print, are there any hidden fees?2020-09-01T22:21:16+00:00

No, we will provide you, in full disclose all the fees you’ll be responsible for.

Can I write checks?2020-09-01T22:21:16+00:00

Yes, this is possible. It will depend on your unique situation so please schedule a Banking Discovery Call for details.

Do I need to maintain a minimum monthly balance?2020-09-01T22:21:16+00:00

You’ll need to open your account with a $500.00 to $1000.00 initial deposit. 

How long do I need to be in business to qualify for a bank account?2020-09-01T22:21:16+00:00

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.

How long does it take for funds to clear and be available?2020-09-01T22:21:16+00:00

Usually, your funds will clear within 24 to 72 hours after deposit. Times vary by bank and state.

Does this service work with my existing POS?2020-09-01T22:21:16+00:00

Yes, we can provide a custom integration into any Cannabis or non-Cannabis POS system.

Can I pay my MRB related taxes from this account?2020-09-01T22:21:16+00:00

Yes, we’re certified through the SSUTA to provide electronic tax transmission services on your behalf.

Can I create invoices for my vendors?2020-09-01T22:21:16+00:00

Yes, you can use our Cannabis Banking Platform (CBP) to invoice your vendors for products, services, and taxes. 

Can I use a cash pickup service that’s tied to this account?2020-09-01T22:21:16+00:00

Yes, we offer cash pickup and cash vault services for picking up your cash on scheduled days during the month.

Is this an interest bearing account?2020-09-01T22:21:16+00:00

No, this is not an interest-bearing account.

What are the monthly fees associated with this account?2020-09-01T22:21:16+00:00

Our pricing starts at $1000.00 per month depending on your geographic location and which services you’ll need.

Can I use an ATM/Debit Card with this account?2020-09-01T22:21:17+00:00

Yes, if you require Cash Management Services, you will be placed with one of our banking relationships where you’ll get an ATM card.

Is this an FDIC insurance bank account?2020-09-01T22:21:17+00:00

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.

How long does it take to open my bank account?2020-09-01T22:21:17+00:00

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.

Go to Top