Deposit Unbanked Cash Into a CRB-Compliant Account
Unbanked Cash is that which was earned and accumulated by a state licensed, cannabis-related business and not previously entered into the banking system.
We have compliant banking options for licensed operators with a minimum of $5MM in accumulated cash. As with most banking services, this program is relationship-based, so the servicing institution will require that the client also bank their ongoing operations with them, subject to all applicable BSA/AML rules and restrictions.
Funds that are found to be non-compliant, counterfeit and/or not tied to tax returns will be rejected and returned.
All Unbanked Cash banking options are subject to the following general terms and conditions:
Program Minimum: $5MM
0.25% consultation and advisory fee
CPA clearance letter and proof of funds required
Refundable upon opening of the account following approval
Armored cash transport costs paid directly by client, if applicable
Initial in-person meeting of client principal(s) required