CBD Compliant Banking
Are you have a hard time opening a bank account? Have you been turned down because you let them know your business sells CBD? Are you tempted to mask the true nature of your business in favor of calling it “wellness” or “supplements”? Are you afraid your account will be shut down eventually because the bank’s policies aren’t exactly clear? Or has your account been shut down and is looking for a better option?
If your company needs a bank account for your hemp or CBD business that is fully transparent, compliant, and secure MRB Compliance Group can help. For over eighteen months our team has dedicated our attention to helping our customers get banking and merchant processing.
We have a network of banks that are committed to serving CBD customers. With these accounts, there is no risk of shut-down. The banks charge monthly fees for “analyzed accounts” since CBD and hemp are considered in banking terms to be “marijuana-related” businesses. We have negotiated rates with the banks so our bank rates are some of the most competitive in the industry.
Our one-time set-up fee aims to make the onboarding as seamless as possible for both the bank and our customers. We also help in all ways with merchant processing, which although there are some bright spots, has remained a challenge for many CBD business owners.
More often we are seeing that companies who hide their activities from banks that are not friendly to CBD, sooner or later, are subject to account closure. Alternatively, some banks have diverging internal policies that allow for accounts to be open one day, and then without much reason, closed sometime thereafter. Although these accounts will not have any of the additional charges that go with a truly compliant account, they are not secure.
If you are ready to make the investment in your business to have an account that is easy to set up, the banks know that your business sells hemp or CBD, and won’t be at risk of shut-down, let our team help. Our banks are brick-and-mortar banks that typically (depending on the bank) allow for a virtual setup. We only recommend the in-person bank set-up if the bank is hyperlocal to where your business is located. However, most start-ups do best with our virtual options.
Once you know you are ready to get a quotes, timeframe, and process for setting up your CBD-friendly account please schedule a call at www.calendly.com/mrb-compliance
MRB Compliance Group provides CBD and other high-risk banking, merchant processing, and compliance solutions. Learn more at www.linktr.ee/mrb_compliance
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