Custom Cannabis Banking Solutions
Cannabis Banking can be a complicated and challenging financial situation. At FOCUS Bank, we offer experience, knowledge and excellent compliance specifically for cannabis customers. From Cultivation, Manufacturing, Testing, Transportation, and Dispensary banking, we have the perfect checking account to fit your needs. With our Mint and Sage Business Checking, you will be able to pay vendors and employees easily and conveniently. In addition, our streamlined cash handling through local vendors makes depositing money and change orders a smooth process. Let our knowledgeable and dedicated team of cannabis banking experts go to work for you!
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How long has FOCUS been serving cannabis customers?
FOCUS Bank has been banking customers in Arkansas and Missouri since 2019. We now serve customers in multiple states.
How long does the new account process take?
Generally, we get your account open and fully functional with checks, debit cards and digital banking/cash management tools in 1 – 2 weeks.
What are the fees?
Our flat rate, monthly fees cover a dedicated cannabis banking team. You will never route through a call center but rather have a direct team of knowledgeable staff to assist you. The fee covers all digital banking and cash management features – no extra charges for ACH or Remote Deposit services. In addition, you will have access to our Green Check Verified platform that aids in seed-to-sale and compliance tracking. There is an initial, one-time KYC (Know Your Customer) compliance fee. Best of all we do not charge any monthly fees until your business is up and running and you are receiving sales!
Can I get checks and a debit Card?
We treat our cannabis banking customers like all our business customers. We offer debit cards and checks as well as the ability to use our remote deposit and mobile deposit solutions.
Who will help me?
Our dedicated team of cannabis banking specialist will be available by direct phone (no call center), by email and via text. You will know our team by name and we will know your team. Our goal is to form a lasting partnership to serve your business for years to come.
Can I get a cannabis business loan?
FOCUS Bank offers cannabis lending solutions from real-estate loans to equipment loans, we want to see you succeed. Our dedicated VP of Cannabis lending will work with you to find a solution for your financing needs.
Do you offer employee checking accounts?
We understand that employees can face rejection or even account closure from their current financial institution when the bank recognizes the employee payroll coming from a cannabis business. FOCUS Bank is excited to offer a turn-key cannabis employee banking solution. We have a very quick and easy onboarding process for your employees.
Why FOCUS Bank?
As you get to know us, you’ll find that we’re a community bank with outstanding, responsive service to our customers’ needs combined with technology that is second to none. As a family-owned bank, founded in 1930, we have developed and maintained a reputation for sound banking practices and excellent customer service. No matter what’s in your plans or what comes up unexpectedly, we’re the best source for getting the business banking services you need.
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