Banking for the Cannabis Industry
Obtaining a bank account doesn’t have to be difficult. Rather than apply at multiple financial institutions, the cannabis industry can now utilize a universal application to apply for banking access, in addition to other services that your business deserves.
Here’s how it works:
Create a Company Folio
The first step in the process is to create a profile of your business and any related entities.Identify Key Persons
Next, we ask you to list all of your beneficial owners, officers, and investors and verify the identity of all key individuals.Upload Documents
Finally, we allow you to upload all of your corporate documentation in one secure and sharable universal data room.
Once you complete the three (3) simple steps noted above, our team will enable your application to be shared with the service providers you need, including a network of banks, credit unions, payroll providers, investors, insurers, armored couriers, accountants, and much more.
Banking services offered by our network participants include:*
Business Checking and Savings Accounts
Business Tax Escrow Accounts
Remote Deposit Capture
Domestic & International Wire Transfers
ACH Payments
Armored Cash Management
Currency Smart-Safes & Recyclers
Online & Mobile Banking Applications
Treasury Management
*Services are dependent upon each financial institution and are subject to change.