Cannabis Banking
Our cannabis banking solutions are designed to support your daily operations as well as long-term growth
Cannabis Business Checking
Mobile & Remote Deposits
Wire & ACH Payments
Cannabis Business Savings
Business Debit Cards
Cash & Coin Processing
Online & Mobile Banking
Merchant Services
Everything we offer is backed by responsive support and built to make managing your finances easier.
Cannabis Banking Account Options
Business Lite Checking
Minimum Opening Deposit
- $100.00
Average Balance to avoid fees
- $100.00
Monthly Service Fees
- $10 when below average balance in monthly cycle
- $0.25 per transaction over 250 transactions per month.
- $5.00 paper statement fee for accounts not enrolled in eStatements
Earns Interest
- No
Business Plus Checking
Minimum Opening Deposit
- $1,000.00
Average Balance to avoid fees
- $1,000.00
Monthly Service Fees
- $10 when below average balance in monthly cycle
- $0.25 per transaction over 250 transactions per month.
- $5.00 paper statement fee for accounts not enrolled in eStatements
Earns Interest
Civic Checking
(Non-profit Community Groups Only)
Minimum Opening Deposit
- None
Average Balance to avoid fees
- None
Monthly Service Fees
- None
Account Benefits
- Basic single checks at no cost.
Earns Interest
- No
Business Plus Checking
Minimum Opening Deposit
- $1,000.00
Average Balance to avoid fees
- $1,000.00
Monthly Service Fees
- $10 when below average balance in monthly cycle
- $0.25 per transaction over 250 transactions per month.
- $5.00 paper statement fee for accounts not enrolled in eStatements
Earns Interest
Frequently Asked Questions
Why work with a local bank like MinnStar Bank?
Running a cannabis business means moving fast—and your bank should keep up.
At MinnStar Bank, we combine local decision-making with real industry understanding. We know the Minnesota market, the regulatory landscape, and the challenges you face day to day. That means fewer delays, clearer answers, and a partner who can help you navigate more than just your banking.
We’re here to simplify the complex, connect you to the right resources, and help your business operate with confidence.
How do I get started with cannabis banking at MinnStar Bank?
We’ve made getting started as simple as possible.
Connect with our cannabis banking team, and we’ll walk you through the process step by step. From your first conversation to opening your account, we focus on making everything clear, efficient, and easy to understand—so you can get up and running without unnecessary friction.
What services do you offer for cannabis businesses?
MinnStar Bank provides the core financial tools your business needs, built with simplicity and reliability in mind:
- Business checking accounts
- Money market accounts
- Treasury management solutions
Our goal is to make managing your finances easier—so you can stay focused on growing your business.
What documentation will I need?
To open a cannabis business account, we’ll start with standard requirements, including:
- Registration with the Minnesota Secretary of State
- Articles of Organization or Incorporation
- EIN (Employer Identification Number)
- Operating Agreement or By-Laws
Because compliance is critical in this industry, additional documentation may be required depending on your license and business type. The good news? We’ll guide you through exactly what’s needed—upfront and without surprises.
What makes MinnStar Bank different?
We believe cannabis banking should be fast, simple, and done right.
Here’s how MinnStar Bank stands apart:
- Streamlined onboarding that keeps the process moving
- Simple, transparent requirements—no guesswork
- Local, responsive support when you need answers
- Strong compliance expertise to help protect your business
We’ve built our program to remove unnecessary complexity while maintaining the highest standards of compliance with Minnesota regulations.
At the end of the day, we’re not just here to offer accounts—we’re here to make cannabis banking easier, faster, and more dependable for your business.
