How Does Abaca Deliver New York Cannabis Banking?
Abaca works just like getting a normal bank account for your business. In order to meet banking regulatory guidance, accounts are subject to enhanced due diligence to address the heightened compliance standards placed on the industry. Our integrations make this process easy and our commitment to meeting compliance obligations means this is the last financial relationship you should ever need.
We’ve partnered with the leading digital bank Radius to deliver you a simple and secure banking solution.
You get a cannabis small business or commercial FDIC-insured bank account in your company’s name! And, you enjoy all the privileges you’d expect – online banking, checkwriting, and standard $250K FDIC insurance of your deposits.