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We’re here to grow your business

 

We are pro-cannabusiness and excited to be growing relationships with BC’s cannabis producers.

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Join the Community Savings cannabis family 

Community Savings is one of the main bankers for BC’s private cannabis retailers and we get the challenges that face the industry. We understand the difficulties faced and we proudly offer banking services and solutions to take your business to a new high.

 

Grow with us

We created the 18/6 bank account to shine the light on accessible banking

 

The 18/6 Account

  • Low $200 monthly fee
  • $150 application fee (Refunded after 6 months1)
  • Interac Email Money E-transfers
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Join the movement

We support and advocate for the cannabis industry. Learn more

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Full digital banking services

Online banking, Business VISA, Merchant services, Interac Electronic Money Transfers*

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Access at 685 ATMs

Make convenient cash deposits at over 685 Exchange ATMs throughout BC

 

Frequently Asked Questions

  • Our low application fee for Cannabis cultivators is only $150.00.
  • For a limited time offer for new accounts, CSCU will refund the $150 fee after 6 months1
  • The 18-6 account fee is $200.00 per month.
    • 160 Monthly transactions
    • Interac Email Money E-transfers4
    • Free electronic statements
    • Line of Credit available O.A.C.
    • Full-service, in-branch withdrawals, transfers, and deposits
    • Exchange ATM withdrawals, transfers, and deposits

The documentation varies on the ownership structure. A member of our team will be happy to walk you through the requirements for your company.  As a general rule of thumb, the required documents include copies of the following:

  • Federal Cannabis Licence
  • Incorporation documents or partnership agreement (as applicable)
  • Central shares registry for incorporated businesses, listing all beneficial owners
  • 2 pieces of identification for all account signing officers, at least one of which is government issued photo identification
  • The completed account opening application
  • Signed consent form for each account signing authority
  • Access to all in-branch services
  • 24-7 access to online banking and the CSCU Mobile App (remote deposit capture, bill payments, transfers, etc.)
  • The Exchange ATM network to make deposits. Over 685 BC ATMs can be located using the Exchange ATM Locator (verify the ATM accepts deposits by looking for the deposit icon ​ )
  • Chequing, savings, and investment services
  • Collabria Business Visa3
  • Interac Email Money Transfers4
  • Merchant Services
  • Payroll Services
Community Savings has convenient online services for remote identification verification. Once identification has been authenticated, the full account opening process can be easily performed electronically.

You can start operating your account when we have received and processed all required documentation.

We are here to work with you. For those of you who are in the early stages of the application or licensing process, we can provide some additional limited services to help your business get up and running. Please speak with a member of our team about your specific needs.

 


Get in Touch



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Let's Talk

604-637-5123