Why is it so difficult to open a cbd business account?
Opening a cbd business account can be very difficult as the main high street banks don’t appear to have an appetite to open them.
It appears that as CBD Oil is related to the cannabis plant, that any business involved is classified as high risk.
Even though CBD Oil is fast becoming more available through legitimate healthcare channels, the banks still seem to avoid them.
So it seems remarkable that whilst the healthcare channels appear to accept the product, that the banks don’t.
So what options are there to open a cbd business account?
Whilst your High Street bank options will be limited, there are other more online options who will be able to help.
The options available will be far more open to those business activities others considered to be high risk.
Whilst you may not obtain access to a branch network, you will almost certainly be able to get a UK sort code & account number.
So with Online and mobile banking, you can easily make & receive UK Faster payments, which is the key element for most UK businesses.
All of those who will offer a cbd business bank account will also be fully FCA regulated & authorised, meaning your money will be fully protected.
What other facilities would come with a cbd business account?
Whilst every provider will differ from another, there are certain elements of a business account you can expect to be available.
So every UK based provider will allow you to make & receive UK GBP payments with online banking.
You will always get online banking with most now offering a mobile feature too.
The majority will also offer a MasterCard or Visa debit card, allowing you the ability to get access to your funds all over the world.
With no contracts with the majority of the providers, you can also have full flexibility once your account has been opened.
However, as the number of options to open a cbd business account increase, what they individually offer will also almost certainly change too.
For details on what cbd business account options are currently available and will work best for you, please contact us on 020 3286 3929 or for your quickest option, Apply Online and one of our advisers will get back to you.