Most Popular Operations Content
Banking marijuana-related businesses
04/06/2025
Our bank has taken a "no" stand on banking MRBs, however we recognize the "Tier III" category identifies some types of businesses that may provide services to a Tier I MRB. An example would be a container manufacturing company that may sell containers to a Tier I MRB as only a small percentage of their business. Does anyone use an allowable percentage of revenue to determine if this is within your risk tolerance? Also, is there an allowable threshold for direct sales of cannabis products in the states that have legalized use? (For instance, a liquor store or distributor that sells beverages with THC, since that is becoming so common).
Automated preservation of documents
04/06/2025
What is automated document preservation?
Weathering the Storm: Disaster-Proof Your Operations
04/06/2025
Spring ushers in the heightened risks of volatile weather that can disrupt lives, businesses, and entire communities.
Checking credit for opening accounts for agriculture
04/06/2025
Are banks legally obligated to perform credit checks when H-2A workers apply for a basic bank account? Our banks serve large agricultural communities where farmers frequently hire foreign workers through qualified programs. Since most H-2A workers do not have established credit histories, we’re curious whether conducting credit checks is standard practice or if alternative verification methods are commonly used.
Getting ID info when cashing on-us checks
03/30/2025
When a non-customer comes in to cash an on-us payroll check, we take their information from their driver's license or state-issued ID and enter it into our system. Are we legally able to ask for their Social Security number, considering they are non-customers?