Opening a bank account may seem like a fairly straightforward task, but it can actually be a challenge for CBD business owners. It may even seem impossible sometimes for them to even find a bank that will accept their business. There are a few steps to keep in mind when setting up a bank account for your CBD business:
Find a bank
Although the market continues to grow and the demand for the product is there, many banks will not take on CBD banking or any cannabis-related businesses. At Florida Capital Bank (FLCBank), we are happy to work with CBD-business owners, and we welcome you to use our CBD banking services.
Once a banking institution is secured, there is still a matter of ensuring that the account is secure and adhering to all CBD banking rules. Banking CDB and hemp related businesses requires experience and expertise which FLCBank can provide. And it is experience that will benefit you.
FLCBank will assist you in opening your account as one of our specialists will guide you through the process. We’ll send you a questionnaire that will allow you to focus on the issues that matter.
Set up your CBD banking account
At FLCBank, we help business owners with their CBD banking. As a CBD business owner, we will work with you to make sure your business is always in compliance with our policies and federal, state, and local regulations. A cannabis business with proper banking solutions will have a better chance of success, and we want to help you get there. We understand the struggles of running a business strictly by cash.
Choose to bank your CBD business with a reputable financial institution like us at FLCBank. Our bankers are experts at finding the right financing solution for your business. We have a variety of accounts available to meet the needs of your business. Whether you are just starting out or have more sophisticated needs, we can grow with you as your business grows.
FLCBank is a leader in the banking industry focusing on solutions for the financial well-being of businesses and their owners, including those in the cannabis industry. We are a nationally chartered bank headquartered in Jacksonville, Florida with full-service branches located in Jacksonville, Gainesville, Orlando, and the Tampa Bay area.
Our team of banking experts at FLCBank will help you get the right banking solution for your hemp or CBD business. We have an array of business banking options to help you achieve your business goals and aspirations. For more information check out our options at our hemp banking page.