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Do You Need a Special Bank Account for a CBD/Hemp Business?

The information provided below does not, and is not intended to, constitute legal advice. All information, content, and materials available on this page are for general informational purposes only.

 

Having the right financial partner is key for CBD and hemp-related businesses.

As CBD and hemp-based products have become legal in the U.S., entire industries have cropped up to provide these goods to clamoring customers. However, these businesses are often limited by unclear regulations, and there are even those who are reluctant to engage with CBD-related businesses for fear of running afoul of the law.

At Customers Bank, our team of dedicated specialists keeps a close eye on all legal and regulatory developments that pertain to our CBD business banking clients. This lets us provide financial services and business banking accounts that support the individual needs of every business we partner with. 

We believe that CBD and hemp-related businesses deserve the same opportunities as any other legal enterprise, which is why we offer a comprehensive suite of business banking accounts and services. 

Financial Products and Services for CBD Business Banking Clients

In addition to the personalized service that comes with each Customers Bank business banking account, our banking specialists also provide a range of financial tools and services aimed at increasing efficiency by helping clients manage revenue and expenses. These products and services are available to all our CBD and hemp-related business banking clients:

  • ACH Payment– Gain confidence knowing you are able to pay anyone, anytime safely and securely.
  • Online and mobile banking – With an account at Customers Bank, you can access your financial information 24/7 through user-friendly tools. Get an up-to-date view of transactions, transfer funds from one account to another, and scan checks for a mobile deposit anytime, anywhere.
  • Business Bill Pay – By combining all of your business’s accounts payable on one secure site, Customers Bank makes it easy to manage your expenses and pay your bills on time. Business Bill Pay saves you time and money while reducing the risk of errors or late payments.
  • Online wire transfers – When you need to move funds instantly, an online wire transfer through Customers Bank can get the job done. This service allows you to transfer money in real time without leaving your home or office. The process is secure with the addition of multi-factor authentication and detailed alerts that include a unique Federal Reference Number.

Whether your CBD or hemp-related business is just getting off the ground or enjoying unprecedented success in a lucrative market, the banking specialists at Customers Bank have an account that suits your needs – not to mention a complement of personalized financial tools and services. Fill out our online form to connect with a Team Member and learn more.

All products and services are subject to approval.