BusinessGreen Checking

Name: Stearns Financial Services, Inc.
Address: 4191 2nd St. S., St. Cloud, MN, 56301
Telephone: 800-320-7262

Agriculture is in our roots, so we're proud to deliver convenient and efficient banking solutions to help you grow your Cannabis Related Business (CRB).

Business banking made for your CRB.

Our specialized cannabis banking team, backed by high-level regulatory compliance, will guide you through account details to help manage finances from anywhere.

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Take Care of Business

Free, unlimited mobile deposits
Free auto cash sweeps (auto transfers between Stearns accounts)
Free, unlimited Bill Pay
Customizable daily spend option with debit card

Save on fees

No statement fees, with free monthly eStatements
Fee-free, nationwide ATM network
No fees for cash deposits
No per item fees

Earn More

Earn interest on any balance

0.25% APY* if balance is $24,999.99 or less. A balance of $0.01 is needed to earn the APY.
0.50% APY* if balance is $25,000.00 or more

Diamond Cash Rewards

0.10% cash rewards on EVERY debit card purchase, deposited to the account monthly**

* APY is annual percentage yield. Rates are accurate as of 08/13/2024 and subject to change at any time, including after account opening. Fees may reduce earnings.

** Earn up to $150 per month. Pending and preauthorized debit card transactions do not earn cash rewards until the final transaction posts to the account. Cash rewards rate effective 08/13/2024.

This account is best for businesses that:

Maintain a high balance, over $25k*
Operate a legal Cannabis Related Business (CRB)

*If business customer does not satisfy the average monthly minimum balance of $25,000, a flat monthly fee of $100 shall apply. Deposits held in a different name from the business or by a different business entity cannot be aggregated to satisfy the minimum balance requirement. We total the average monthly balance by adding the average daily balances (calculated by totally the balances in your account at the end of each day for the statement period), divided by the number of days in the statement period.

Merchant Services

Cater to the payment preferences of your customers. Online, in-person or on the go.

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Transfers Made Easy

Remote deposit, ACH, and wire services help your business shift money where it needs to go.

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Accessible Online Banking

Keep your banking in the palm of your hand with 24/7 account access and simple, custom settings.

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Get Paid Faster

Manage accounts receivable, send invoices, accept online payments, and more.

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Help from real people

Your account is at your fingertips, but friendly support is also right within reach.

Cash Logistics

Through our partner, Empyreal Logistics, we offer:

Cash collection/transport
Cash counting at secure vault locations
Cash delivery to the financial institution or the Federal Reserve Bank
Cash services: coin, currency, and ATM servicing
Empyreal provides coin and currency for change upon request and will contract with customers to keep their ATM filled
Hardware sales: ATMs, Smart Safe, and ITM/Cash Recycler solutions

Service Fees

To maintain adherence to regulations within this high-risk industry, our service fees align with the complexity of your CRB.

The cost structure is designed to reflect the complexity of the services required and includes:

Simple application: $1,000
Simple monitoring: $400/month
OR
Complex application: $2,000
Complex monitoring: $750/month