Cannabis Banking Services

Your cannabis business is growing.  Now there’s a bank that can grow with you.

BayCoast Bank is a leader in cannabis banking solutions, using our financial expertise to serve cannabis-related businesses (CRBs) in Massachusetts and Rhode Island. With traditional means of banking not widely accessible to licensed cannabis-touching companies, BayCoast Bank stands out as one of the first financial institutions in Massachusetts to begin working with and lending to CRBs, allowing them a critical pathway to capital and the financial services they need to successfully operate, manage, and grow their businesses.

At BayCoast Bank, we’re ready to support your licensed cannabis business.

Our wholly owned subsidiaries offer a full range of financial solutions for qualified cannabis businesses and their employees including:

  • CRB Business Checking
  • Related Business Checking
  • Online Business Banking
  • Remote Deposit Capture
  • Business Mobile Banking App
  • ACH Transactions
  • Coin & Currency Processing
  • Online Wire Transfers
  • Pre-Authorized Transfers
  • Telephone Banking
  • Employee Bank at Work Program

Our CRB team is also able to recommend several trusted third-party vendors who offer technology solutions specifically designed for businesses within the cannabis industry.

Why should you work with BayCoast Bank?

  • BayCoast has a dedicated and experienced CRB team that has knowledge of the cannabis industry from a banking perspective and offers personalized customer service and expertise to their clients.
  • Our CRB team has knowledge regarding federal and state laws affecting the banking needs of those working in the cannabis sector and they’re available to assist customers in navigating this rapidly evolving industry.
  • Owners and employees of cannabis-related businesses are encouraged to utilize the bank for their personal banking needs and a full range of products are available to these customers.

Contact Us Today

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