Cannabis Industry

Complete cannabis-focused banking that is meant to grow with your business. 

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Advantage Cannabis Business Account

Benefits of Advantage Cannabis Business Account 

  • Simple banking
  • $500 per month flat-rate fee1 
    • Includes Cash Management Services 
      • ACH Origination
      • Remote Deposit Capture
      • Sweep / Zero Deposit Accounts
      • Positive Pay
      • Domestic Wires
  • $500 minimum deposit to open
  • $500 minimum balance to maintain
  • Secured third-party cash pick up/delivery required for additional fee2 
  • We work with businesses in legal states5

Checking Account Features

Cannabis Business Loans

  • Loans may be available, contact us to learn more


Learn More Today

Specialty Money Market

Finally, a money market account made for businesses in the cannabis industry.  

  • Maximize returns with tiered interest rates that reward higher balances 
  • Competitive, tiered rates compounded monthly 
  • Earn tiered rates on all balances over $50,000 
  • Take advantage of free services:
  • $50,000 minimum deposit to open 

Specialty Money Market Rates:

Balance to Earn APY Interest Rate APY6
$0 - $49,999  0.00%  0.00%
$50,000 - $99,999 1.00% 1.00%
$100,000 - $249,999 1.25% 1.26%
$250,000 - $499,999 1.50% 1.51%
$500,000 - $999,999 2.00% 2.02%
$1,000,000 and above 2.50% 2.53%

Additional Information:
Minimum Balance to open Specialty Money Market account is $50,000. Variable Rate Accounts: Rate may change after account is open. Fees may reduce earnings. Account requires electronic statement delivery (eStatements).

*Excessive withdrawals, defined as more than 6 transactions per month, will result in a fee of $7.00 per occurrence.

Learn More Today

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Survey

We want to understand how industry insiders perceive the current financial service available to the cannabis industry. The survey should take about 5-10 minutes to complete. Thank you for taking part in the survey. Cannabis Industry - Financial Services Survey 2023

 

       "One way Sound Community Bank continues being a part of our community is to work within the cannabis industry. We strive on keeping it Simple. Hi, I’m Kris Puleo! I’ve been in the banking industry for 20+ years and working with cannabis clients like you, for the last 3 years. During this time, I’ve worked with all aspects of the plant touching industry and ancillary companies in Washington State and beyond.  

      I work to keep up on this ever-changing industry by attending meetings, conferences, and webinars. I am also on a first-name basis with my clients and take the time to visit in-person annually to better understand their needs. I’d love to hear about your endeavors and curate a plan that fits your needs for cannabis banking or loans. 

-Let’s grow together!" 

Kris Puleo 
1-800-458-5585 + 3212 
[email protected]

Email Me Today

1Third-party senders may qualify for a different fee - inquire for details.
2Pick-up fee for cash deposits is worked out with our affiliate and is based on location and frequency.
3$5 monthly charge for paper statements.
4Standard carrier messaging or data rates may apply.
5 The majority of our clients are in California, Colorado, Oregon, and Washington. Contact us if you have a question about another legal state.
6APY=Annual Percentage Yeild

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