Our simple fee schedule is available when you register to access the account application. A fee is charged on most deposits and is inclusive of partner bank fees. Armored cash courier service will be quoted and billed separately based on the pickup location(s).

Cannabis businesses applying for an account are required to have a valid, active state-issued cannabis license. No cannabis license is required for ancillary businesses.

Automated Clearing House (ACH) is an electronic network used to make financial transactions in the United States between participating depository institutions. Rules and regulations that govern the ACH network are established by NACHA and the Federal Reserve. ACH is commonly used for business-to-business payments and federal, state and local tax payments.

Your vendors and other payees can be set up in the online account center. Each payee will undergo a due diligence review and must be approved by us before you can pay them. Once a payee is approved, you can pay them electronically or by check through the online account center.

Your cash will be picked up and transported by a secure, armored courier service for deposit into your bank account. You may schedule cash pickups as needed (fees apply). You can log into your account to check the status of deposits.

Deposits at our partner banks are FDIC-insured up to $250,000 per account.

Yes. transactions will be reported on a quarterly basis. Dama and its bank partners operate in full compliance with the Bank Secrecy Act of 1970 (BSA), sometimes referred to as the Anti-Money Laundering Law (AML), or BSA/AML. The law requires financial institutions (traditional banks, credit unions and thrifts, as well as non-bank financial institutions and money services businesses) in the United States to assist U.S. government agencies in detecting and preventing money laundering.

Additionally, Dama's bank partners are required by law to perform anti-money laundering checks and to keep specific records of events that could signal the occurrence of money laundering. We and our banking partners operate in accordance with FinCEN's guidelines on providing financial services to marijuana-related businesses. This includes filing a quarterly report containing all financial transactions, filing Currency Transaction Reports (CTR) relating to cash transactions exceeding $10,000 in one business day, and filing a Suspicious Activity Report (SAR) if a transaction may be illegal or an attempt to launder funds from illegal activity. Reports are filed electronically with the Financial Crimes Enforcement Network (FinCEN), a bureau of the United States Department of the Treasury.

Call 877-401-3262 or send an email to info@damafinancial.com.

Current Dama clients should contact their dedicated relationship manager, or email clientservices@DamaFinancial.com.

Business hours are Monday - Friday, 9AM - 5PM PST.