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Welcome to Veracor Financial
New Accounts, Getting Started
The application and approval process is easy & straight forward. Follow the initial steps below.
Applicant Document Checklist
Direct (Tier I) Marijuana-Related Business
For Tier I in order to apply for your new business account and in preparation of your
intake call please prepare the following documents for review with your application package.
Forms referenced in items 1-4 are provided
1. Non-Disclosure Agreement (Signed & Dated)
2. New Business Account Form (Completed, Signed & Dated)
3. Customer Due Diligence Questionnaire (Completed, Signed & Dated)
4. Certification of Beneficial Owner(s) Form (Completed, Signed & Dated)
5. Copy of the Driver’s License or State ID (for all beneficial owners and account signers)
6. Assumed Name Certificate (if sole proprietorship), Partnership Agreement, or Articles of Incorporation
7. Certificate or copy of any DBA Registrations (Fictitious Name Filings)
8. Certificate of “Good Standing” or “Active Status” from the state in which you operate
9. Verification of Federal Employer Identification Number (EIN) (Examples include IRS SS-4 Letter or copy of most recent tax return)
10. Past 2 years’ financial statements, consisting of a balance sheet and income statement (at a minimum)
11. List of the licensed entities to whom the business sells its products and/or services.
12. List of vendors
13. A separate document, listing the following business information:
a) Are any other payment methods accepted other than cash? If so, what (e.g., checks, cashless ATMs, etc.)?
b) Do you have an ATM on-premises? If yes, describe how the ATM is replenished?
c) Seed-to-Sale software used
d) POS software used
e) Accounting software used
14. Copy of complete license application package submitted to your state licensing authority.
15. Past 2 years’ state and/or municipal inspection reports.
16. Copy of applicable, current marijuana license(s) (e.g., Dispensary, Grow/Cultivation, Production, Laboratory Testing, Distributor, Transportation)
17. Photographs of signage posted on the premises (e.g., drugged driving prevention, prohibition of firearms, etc.)
Applicant Document Checklist
Direct (Tier II) Marijuana-Related Business
For Tier II MRB’s in order to apply for your new business account and in preparation of your
intake call please prepare the following documents for review with your application package.
1. Non-Disclosure Agreement (Signed & Dated)
2. New Business Account Form (Completed, Signed & Dated)
3. Certification of Beneficial Owner(s) Form (Completed, Signed & Dated)
4. Copy of the Driver’s License or State ID (for all beneficial owners and account signers)
5. Assumed Name Certificate (if sole proprietorship), Partnership Agreement, or Articles of Incorporation
6. Certificate of “Good Standing” or “Active Status” from the state in which you operate
7. Verification of Federal Employer Identification Number (EIN) (Examples include IRS SS-4 Letter or copy of most recent tax return)
8. Customer Due Diligence Questionnaire (Completed, Signed & Dated)
9. Past 2 years financial statements, consisting of a balance sheet and income statement (at a minimum)
Work with your banking representative to complete this step.
Once all information has been provided and reviewed the next step will be to start the
application process and setup an introduction call with your new banker.
Refer any and all questions to the representative who is assisting.