If you own or manage a legal recreational or medical marijuana dispensary and are looking for the best bank services solution, you’ve come to the right place! The Transaction Group (TTG) offers complete cash management solutions that include armored car cash pick up and deposit into and a business bank account.
For the past several years, dispensaries and stores selling adult or recreational marijuana have faced much difficulty with cash management. Many banks throughout the U.S. have refused to approve even a basic checking account for businesses in the cannabis industry.
This refusal of bank services for these legally operating businesses has forced these businesses to function as ‘cash-only’ entities. A practice that results in excess cash on hand that exponentially increases risk, as they are prime targets for robbery.
Through one of our major banking partners in the U.S., TTG is able to provide this new cash management solution to all legal marijuana industry businesses. Our solution offers the convenience and security of armored car cash pick up and deposit.
This account is just like a traditional bank account, where users have the ability to withdrawal cash using an ATM or debit card, write checks and wire or ACH funds to other accounts. And, users can keep track of deposits and transactions by the accessing account online.
No longer do marijuana dispensary owners have to risk stashing cash in store or home safes or choose a questionable offshore banking solution. Our bank is a top-tier U.S. bank and accounts are insured up to $250,000 by the FDIC.
At TTG, we’ve been assisting the cannabis industry with business solutions since 2010. We also provide accounts to other industry related businesses such as seed sellers, vaporizer retailers and CBD (cannabidiol) oil merchants.
In addition to our mmj cash management solutions, we also provide credit card processing services and even cash advance loans.
Our unique merchant account services allow dispensaries to process all major credit cards for cannabis sales at extremely low rates. There is no expensive equipment to purchase and no cost for customers. And in most cases, approvals are instant.
Call us today at 888-383-8056 to learn more or to get started with a credit card processing solution and/or business checking account for your marijuana dispensary. We’ll work diligently to have you quickly approved for a bank services account.