One Account to Rule Them All

Get no fee Canadian banking for your business.  E-transfers with no fees, unlimited transactions and a full suite of cross-border banking services. All in one platform.

A real business bank account with superpowers

Not a virtual wallet, a real Canadian bank account
 Funds will be held in CDIC member institutions to make sure your deposits are protected.
Unlimited Interac
e-transfers with no fees
Access your funds and manage your accounts from anywhere in the world, hassle-free.
Same-day international payments with no fees
Experience swift and seamless transactions, ensuring your time is always valued.

Bank on Loop to save time, save money and grow.

Say bye to banking fees
No monthly fees, no balance requirements. No transactions fees. It’s that simple. Get started in just 10 minutes.
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Grow your business with unlimited transactions
An account built for scale with unlimited deposits, payments, debits, Interac e-transfers and more.
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Make same-day global transfers with no fees
Send money around the world in minutes with no wire fees. Plus - access a full suite of cross-border banking services that maximize your revenue.
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Say bye to banking fees
Create your CAD Banking account in just a few simple steps.
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Grow your business with unlimited transactions
Discover the powerful features that CAD Banking has to offer.
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Make same day global transfers with no fees
Begin your journey towards seamless and efficient banking with CAD Banking.
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Don’t just take our word for it

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.

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Jordan Kendal
CEO, Sheet Happens

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.

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Ben Kelly
CEO, Pure Muskoka
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If you're a Canadian ecommerce merchant, you should get a Loop card. They have fixed all our cash flow issues, FX costs and issues with paying suppliers around the world. Saving us lots of money and headaches. Plus their team is great!

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Dante Timpano
CEO, DT Ecom

Be one of the first businesses to get banking designed for growth

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Frequently Asked Questions

Still have questions?
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What do you mean by “spend in other currencies with no FX”?

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.

What if I don't have a USD, EUR, or GBP currency account or enough money in it to pay back the balance I owe?

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.

How much does it cost to open an account?

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.

Are there limits on how much I can receive into my account?

There are no set limits to on the amount of funds you can receive into your multi-currency accounts.

Are payments really free?

Yes, you can make payments through Loop for free. 

We may add a small wire transfer fee in the future to cover the cost we incur to process wires but for now everything is provided at zero cost!

How long will my payment take to send?

Transfers made through Loop will arrive in your payee’s bank account within 1 business day.

Is there an annual fee?

There are no annual fees. Currently, we offer a free monthly plan, Loop Basic. Additional features are available through our Loop Plus plan for $49 CAD/month and $199 CAD/month for the Loop Power plan.