CBD-Friendly Business Banking

Having the right financial partner is key for 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 CBD-business banking accounts and services.

Interested? To connect with a Team Member and learn more about what Customers Bank can offer your CBD business, complete our online form.

Financial Products and Services for CBD Business Banking Clients

In addition to the unique advantages that come with each type of 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 business banking clients:

  • ACH services – Through the Automated Clear House (ACH) network, banks and businesses around the country are connected to facilitate quick, secure transactions. By providing access to this network, Customers Bank can help clients easily pay employees via direct deposit, issue payments to vendors, and schedule disbursements ahead of time. Process large numbers of transactions while limiting errors and improving cash flow with ACH services from Customers Bank.
  • 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. Not only is Business Bill Pay safer than paying by check, but it also saves you time and money while reducing the risk of errors or late payments.
  • Online wire transfers – When you need to move funds instantly, either domestically or internationally, 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.

Finance Solutions for Hemp Farming and Manufacturing Companies

Since its modest beginnings, Pennsylvania’s commercial hemp industry has grown tremendously. Last year, the Department of Agriculture permitted 324 industrial hemp growers, who produced over 4,000 acres of hemp in 55 Pennsylvania counties.

At Customers Bank, we anticipate this industry to continue to grow, despite new, 2020 permitting rules and restrictions and COVID-19 related challenges to our national economy. We believe hemp-related businesses will become an economic driver across the country, especially as the demand for additional ancillary services increases. Now is the right time to engage with these important businesses and treat them like any other, which is why we provide a range of financial services for hemp farming and manufacturing companies.

To learn more about the bank services and products available from Customers Bank, complete our online form.

Merchant Processing for CBD Companies

Managing a business can be challenging, especially when the regulations governing your industry are often conflicting or unclear. Those who own CBD companies know this fact well, but so do the financial experts at Customers Bank. That’s why we employ a team of knowledgeable specialists who understand the CBD industry and stay up-to-date on all legal and regulatory developments.

We believe that CBD businesses deserve every opportunity to thrive, which is why we provide an array of banking products and services to these clients. To learn more about the financial tools available to CBD and hemp-related companies at Customers Bank, including our merchant processing options, fill out our online form.

Secure Merchant Processing Tools for CBD Businesses

Whether you’re paying a vendor or accepting payments yourself, it’s critical that you have the tools to process the transactions that keep your business running. At Customers Bank, we strive to provide every client with a variety of options designed to address every financial need.

As the owner of a CBD company, you have enough to worry about without having to find ways to effectively manage your money. Customers Bank is here to be the financial partner you need to help your business grow by offering tools to monitor revenue, protect transactions, manage expenses, and improve efficiencies. Fill out our online form to connect with a Team Member and learn more about all the ways we can help your CBD company.