Canada’s #1 banking platform for businesses. Get global banking details, multi-currency corporate credit cards, international payments and more.
Loop helps you eliminate between 2-6% in FX fees on all cross-border payments
Grow faster with credit limits based on your business performance
Open local accounts to send & receive local payments in the US, EU and UK for free
Access powerful global banking tools designed to help you grow and simplify your finances.
Hear from visionary startups and leading brands who use Loop to build thriving businesses.
The Loop US bank account is completely life changing for our business. In our first year using Loop, we will benefit from about $50k in gains straight to our bottom line. So a really big thank you for coming out with this product.
Our business was looking for working capital when we discovered Loop. Getting the capital we needed was simple, fast and a big game changer for us. We've seen immediate results and continue to partner with Loop.
Get started with our free plan - unlock more features and lower rates with simple and transparent pricing. Unlike banks who hide their fees, Loop make it easy to understand what you’re paying.
Loop offers multi-currency cards that are not locked into just spending with one currency. You can spend in CAD, USD, EUR and GBP with your Loop card, without incurring FX fees on your purchases. Your balances owing are displayed per currency, and can be settled per currency as well. Because your Loop Card allows you to pay back in the currency you spent in, you won’t have to perform any unwanted currency conversions.
If you only have a CAD bank account, you can still make purchases in foreign currencies without the card converting it to CAD. At the end of your billing period, you can then decide to convert money from your CAD account into the currencies you owe. If you need to do this, Loop offers global FX conversion with a 0.5% mark-up. This is significantly less than a bank, which charges a 3-4% markup on average and it’s even better than online FX service providers like Transferwise and OFX.
Opening a multi-currency account with Loop is completely free. Additionally, the sign up is completed entirely online - yes you heard that right, you can open U.S., European and U.K. Pound accounts from your couch at home (no more driving across the border to a bank branch). These accounts come with local account and routing numbers that can be used to receive, send, and store funds.
There are no set limits to on the amount of funds you can receive into your multi-currency accounts.