Banking Business Solution

As you may know, getting bank accounts can be difficult, especially if you are considered a heavily regulated or high-risk business. At Green Leaf Payroll & Business Solutions Inc., we work hard to get you the necessary bank accounts for withdrawals, taxes, payroll and more. If you are a high-risk business, such as a cannabis business, we offer in-depth advice and hand-holding on how to properly structure your business to more easily obtain these banking options.

Before any banking solutions can be obtained, we first have to vet all of our clients via an anti-money laundering (AML)process. The AML process works to prove that a company has the correct documentation and licenses and does not associate with any violent or black market groups. This is where Green Leaf’s hand-holding comes alongside to help every step of the way.

A banking institution is not allowed to provide guidance on how to attain a bank account for high-risk businesses. The AML process is therefore particularly useful to cannabis businesses. Essentially, the AML process helps companies dot their I’s and cross their T’s and give them the push they need to open the necessary bank accounts. This is just one part of what is needed to secure a bank account as a high-risk business. There are various program requirements that a bank is looking for before they would take on a marijuana-related business.

Once a client passes the AML system and other various steps, we can go to one of the hundreds of banks and other financial institutions we work with, and demonstrate that our client’s business is reputable and clean. This allows us to help our clients get the bank accounts they need to be able to start paying employees and scaling their business. We can also help our clients fill out the paperwork correctly and answer any questions the bank may have.

Unlike other payroll outsourcing companies, we can also deal with cash with our clients, and we help them create a process on how to pay their employees properly while using cash.

We can take cash for taxes, invoices and cash fees so the client can do payrolls and run their business without delay.

We partner with hundreds of banks and financial institutions