“If only it were feasible for the cannabis industry and financial institutions to work together.”

Welcome to the Safe Harbor Program.

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The Safe Harbor Program is the nation’s first and only service-based program that specializes in connecting cannabis-related businesses (CRBs) with financial institutions. We provide solutions for the due diligence, monitoring, and reporting issues that are typical barriers to establishing a banking relationship that follows FinCEN guidelines.

Better business practices.

Safer communities. It’s bigger than banking.

Welcome to the Safe Harbor Program.

As a cannabis-related business, the Safe Harbor Program gives you:

  • A direct banking relationship with an established financial institution interested in your business
  • Access to banking services including business checking and saving accounts
  • Fair and reasonable account fees
  • The increased safety and security of being able to deposit your daily cash receipts with armored carrier and vaulting services

The Safe Harbor Program approach is simple.

  • We perform thorough due diligence and verify you follow FINCEN guidelines.

  • We connect you with a participating bank or credit union.

  • We provide the support necessary for the monitoring and reporting part of the banking equation.

  • You focus on growing your operation knowing your business and money are secure.

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The Safe Harbor Program for Financial Institutions

As a financial institution, the Safe Harbor Program gives you:

  • CRB customers who desire a direct banking relationship and have gone through a stringent due diligence process that follows Know Your Customer (KYC) guidelines
  • Bank Secrecy Act (BSA) and transaction monitoring support
  • Program Management support

The Safe Harbor Program approach is simple.

  • We conduct the necessary due diligence on potential CRB customers.

  • We market your services through the Safe Harbor Program.

  • We provide transaction monitoring and reporting support.

  • We incorporate ongoing independent program reviews.

  • You benefit from a simplified way to extend your reach to the multibillion-dollar cannabis industry.

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About Safe Harbor Services

Safe Harbor Services is the brainchild of Sundie Seefried, a current credit union CEO and 35-year veteran of the CU industry. In 2014, she saw that CRBs needed financial services and that Colorado communities would be safer if the new industry had access to banking solutions. Working closely with industry stakeholders, regulators and communities, she created the Safe Harbor Program. The Safe Harbor Program makes communities where CRBs operate safer, helps CRBs grow and give back to their communities and allows financial institutions to support this group of entrepreneurs in the uncertain legal environment in which they operate. The path is not without risks, but Safe Harbor Services is focused on creating ways to move forward alongside the progressive cannabis industry that continues to expand despite regulatory challenges.

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