Will anyone open a CBD Business Bank Account?
We are often asked if we can open a CBD business bank account, as the high street banks always seem to decline them.
As CBD oil is closely related to cannabis then most major banks will simply decline an applications associated to it.
This can make it very difficult for any business that works in the CBD oil business.
As CBD oil is becoming more widely used due to it’s alleged healing powers, it is very important for these businesses to get some banking.
If the High Street Banks won’t, who will open a CBD business bank account?
Despite it’s growing popularity, there are still very few banks that will open a CBD business bank account.
However we do have some potential options that will consider an application for certain CBD type businesses.
All of these business banking providers will be fully authorised and regulated by the FCA (Financial Conduct Authority)
They offer full UK banking facilities, including a sort code & account number for all Faster Payments.
Online and mobile banking is also widely available, including a debit type business bank card.
You may also set up Direct debits and standing orders which are also generally available.
Some banking options may also include International payments of access to a multi currency account.
This will allow the business to be fully functional with all the GBP payments.
It also means that once you open a CBD business bank account, you can trade legitimately.
Often with no contracts it also means that should something more appropriate become available, then you can easily cancel or switch over.
Contact us for details on what facilities are available and how to open a CBD business bank account.
Please Telephone 020 3286 3929 or complete one of our forms to start the process – Apply Here