As our client, we at Empirical Solutions are professionally and ethically bound to put your best interests first.
That means that regardless of our relationships with our many banks, payment solutions and lenders, you will only be introduced to those that offer the best pricing and services for your specific needs and business profile.
Since we collaborate and partner with nearly every industry-friendly compliant and sustainable institution, you are not limited to just our own in-house services as you would be with most other cannabis banking services.
In addition to specific deliverables, as a Empirical Solutions client, you will enjoy access to unlimited related general business, banking and payments advisory and consultation for one year at no additional charge.
​
Originally all our clients were engaged on an hourly and expenses consulting basis. However, as our Cannabis Banking Financial Network™ grew in size and coverage, we shifted our model to a more cost-effective bundling of our standard advisory and consultation services for one low price. About 85% of our clients can now enjoy our full-range of industry-friendly services for a refreshingly affordable price.
What do you get when you engage with us?
THC Licensee Banking and Financial Services
​
-
Develop detailed client business profile
-
Review banking services options with Client in line with their current and anticipated needs
-
One (1) year consultation, advisory and introduction to cannabis banking, payment processing, financial services including commercial lending, payroll, and insurance as well as related compliance issues
-
Identify one or more banks or other financial institutions, preferably local, that may offer Client a commercial checking account with full knowledge and acceptance of the nature of Client’s business
-
Introduction to one or more suitable cannabis-friendly financial institutions and financial services vendors as requested by Client
-
Assist in the preparation of bank and vendor applications prior to submission to applicable underwriting and compliance departments
-
Assist and support in connection with underwriting, due diligence (know your customer/anti-money laundering) and compliance review (POS, S2S and reporting systems)
-
Facilitate application approval process
-
Review, submit and facilitate applications to additional or backup processors, as required or requested
Non-Plant-Touching Ancillary, Hemp Derived CBD and Nutraceutical Banking and Financial Services
​
-
Develop detailed client business profile
-
Review banking services options with Client in line with their current and anticipated needs
-
One (1) year consultation, advisory and introduction to cannabis-related and hemp CBD banking, payment processing, financial services including commercial lending, payroll, and insurance as well as related compliance issues
-
Introduction to one or more suitable cannabis-friendly financial institutions and financial services vendors as requested by Client
-
Provide Client’s contact information for the bank representative’s visit, if applicable
-
Provide a list of documentation Client would be anticipated to be required to present to open an account
-
Assist in the preparation of bank account application prior to submission to bank underwriting and compliance departments
-
Assist and support in connection with underwriting, due diligence (know your customer/anti-money laundering) and compliance review (POS, S2S and reporting systems)
-
Facilitate application through banking institution approval process
-
If applicable or required, review Client’s website and provide suggested text or image changes to help satisfy anticipated bank guidelines and facilitate obtaining the banking relationship
-
Provide instructions with respect to additional requirements to qualify for an account (such as registering your entity in another state, additional filings, etc.)
-
Review, submit and facilitate applications to additional or backup processors as required or requested
How much does Empirical Solutions cost?
CBD | Hemp | MRB Ancillary
Premium Banking, Merchant Processing & Financial Services Package - $590.00**
​
$395.00 – One-Year Engagement & Advisory Fee
$195.00 – One-Time Banking and/or Merchant Processing Account(s) Set-Up Fee
THC Licensee
Premium Banking, Merchant Processing & Financial Services Package - $990.00**
$495.00 – One-Year Engagement & Advisory Fee
$495.00 – One-Time Banking and/or Merchant Processing Account(s) Set-Up Fee
Hemp and Cannabis Seeds | Kratom | Delta 8
Premium Banking, Merchant Processing & Financial Services Package - $990.00**
​
$395.00 – One-Year Engagement & Advisory Fee
$195.00 – One-Time Banking and/or Merchant Processing Account(s) Set-Up Fee
$400.00 – Enhanced Due Diligence Fee
Custom Banking and Compliance Advisory
Empirical Solutions can create customized solutions and deliverables on an hour time, expenses and success, or flat-rate basis. We are successful in providing cost-effective specialized compliant solutions for all cannabis banking services, including, but certainly not limited to:
-
Cash handling
-
Cross-border transactions
-
Multi-state operators (MSOs)
-
Risk assessments
-
Compliance audits
-
Turnkey compliant cannabis and hemp CBD transactions
-
EDD/KYC and account monitoring
-
Crypto banking and compliance
-
Public companies
-
Investment funds
-
Financial managers
-
Banking for payroll and insurance services
Legacy Funds
We currently offer three distinct and attractive legacy cash banking options all of which are subject the following general terms and conditions:
-
Program Minimum: $5M
-
0.25% Empirical Solutions consultation and advisory fee
-
CPA clearance letter and proof of funds required
-
Armored cash transport costs paid directly by client, if applicable
-
Initial in-person meeting of client principal(s) required
​
Visit the Legacy Cash program requirements page for summary information and the latest pricing on our current legacy cash programs.
**Eligible for “GO CASHLESS” INCENTIVE PROMO:
(Full fee refund @ $50,000 net B2C|B2B combined merchant processing transaction volume or upon closing of a cannabis-friendly commercial loan request)
Go Cashless Merchant Processing Program Promotion
THC Licensee Banking and Financial Services
-
One (1) year consultation, advisory and introduction as required or upon request to well-qualified cannabis-friendly banking, payment processing, financial services including commercial lending, payroll, and insurance as well as industry business & capital advisory, venture capital and private investors, project planning & feasibility, licensing, legal, accounting and compliance resources
-
Develop detailed client business profile
-
Review banking services options with Client in line with their current and anticipated needs
-
Identify one or more banks or other financial institutions, preferably local, that may offer Client a commercial checking account with full knowledge and acceptance of the nature of Client’s business
-
Introduction to one or more suitable cannabis-friendly financial institutions and financial services vendors as requested by Client
-
Assist in the preparation of bank and vendor applications prior to submission to applicable underwriting and compliance departments
-
Assist and support in connection with underwriting, due diligence (know your customer/anti-money laundering) and compliance review (POS, S2S and reporting systems)
-
Facilitate application approval process
-
Review, submit and facilitate applications to additional or backup Processors, as required or requested
Ancillary, Hemp | CBD, Nutraceutical Banking and Financial Services
-
One (1) year consultation, advisory and introduction as required or upon request to well-qualified cannabis-related|hemp|CBD friendly banking, payment processing, financial services including commercial lending, payroll, and insurance as well as industry business & capital advisory, venture capital and private investors, project planning & feasibility, licensing, legal, accounting and compliance resources
-
Develop detailed client business profile
-
Review banking services options with Client in line with their current and anticipated needs
-
Introduction to one or more suitable cannabis-friendly financial institutions and financial services vendors as requested by Client
-
Provide Client’s contact information for the bank representative’s visit, if applicable
-
Provide a list of documentation Client would be anticipated to be required to present to open an account
-
Assist in the preparation of bank account application prior to submission to bank underwriting and compliance departments
-
Assist and support in connection with underwriting, due diligence (know your customer/anti-money laundering) and compliance review (POS, S2S and reporting systems)
-
Facilitate application through banking institution approval process
-
If applicable or required, review Client’s website and provide suggested text or image changes to help satisfy anticipated bank guidelines and facilitate obtaining the banking relationship
-
Provide instructions with respect to additional requirements to qualify for an account (e.g., registering your entity in another state, additional filings, etc.)
-
Review, submit and facilitate applications to additional or backup Processors as required or requested
Merchant Processing and Payment Solutions
-
One (1) year consultation and advisory on cannabis|hemp|CBD merchant & electronic processing, payment solutions and compliance issues
-
Develop detailed client business profile
-
Review options with client
-
A compliant, transparent business checking account is a prerequisite for all Empirical Solutions merchant processing and payment solutions which we’ll provide if needed.
-
Assist in the preparation of Client processing application prior to submission to Processor underwriting and compliance departments
-
Facilitate application through approval process
-
Onboarding and implementation
-
Ongoing support, monitoring and reporting
-
Review, submit and facilitate applications to additional or backup Processors as required or requested
Custom Banking and Compliance Advisory
Empirical Solutions can create customized solutions and deliverables on a time, expenses and success, or flat-rate basis. We are successful in providing cost-effective specialized compliant solutions for cash handling, cross-border transactions, multi-state operators (MSOs), risk assessments, compliance audits, turnkey compliant cannabis and hemp /CBD transactions, EDD/KYC and account monitoring, crypto banking and compliance, public companies, investment funds, financial managers, banking for payroll and insurance services and many others. Contact Empirical Solutions without obligation to see how we might help.
For more sector-specific information, refer to the industry sectors listed on our website’s main menu, or visit the FI & Fintechs client services page.
