No FX fees

Fast payments

Free to open & use

Global Banking for Canadian Businesses

Get real USD, CAD, GBP & EUR accounts. Pay and collect on local rails. No wires, no fees, no delays.

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Trusted by leading global brands
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Comparison

Loop vs The Banks

See how Loop outperforms traditional banks on fees, features, and flexibility.

Loop

The Banks

Account fees

$0

$20+

Local business accounts

CAD, USD, EUR, GBP

CAD

Supported payment methods

EFT, ACH, SEPA, Wires

EFT, Wires

FX fees on international wires

0.1%-0.5% + No fee

2.5% + $50

Multi-currency corporate cards

Yes

No

FX fees on cards

0%

5.7%

Virtual card controls

green checkmark

No

Cards rewards program

Earn rewards on spend

No

Digital receipt capture and matching

green checkmark

No

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Sheet Happens

"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."

- Jordan Kendal, CEO, Sheet Happens
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Switching is simple. Thousands of Canadian businesses are already saving with Loop.

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