Power your business globally with Loop

Canada’s #1 banking platform for businesses. Get global banking details, multi-currency corporate credit cards, international payments and more.

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Global banking designed for business growth

Transactions and savings on FX fees

Spend in USD with no FX conversion

Save 3–5% on every international purchase with multi-currency settlement

Digital and Physical Loop Cards

Save an average of $40,000/year

Save money every time you make a purchase or convert funds, adding significant savings to your bottom line

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Earn rewards across all currencies

Get a business card that actually rewards you—even for purchases in USD and foreign currencies

Drop your bank. Switch to Loop.

Canadian businesses deserve better than what traditional banks offer. That’s why Loop is built specifically to help you save where banks charge—giving you smarter tools to manage your financial operations.

Traditional Canadian Banks Loop
Average time to open account 1–2 weeks 1 day
Average credit application time 2–4 weeks 2 days
Modern credit underwriting process
No-FX spending in USD, CAD, EUR and GBP
Virtual and physical cards
Team spending controls
Access to local U.S. payment network (ACH)
Accounts optimized for Shopify and Amazon payouts
No-fee global payments

Getting started is simple

Once you start, you’ll wonder why you didn’t join Loop earlier. And the best part? You can sign up from the comfort of your home or office—no need to visit a bank branch ever.

Today
  • Register for Loop
  • Submit your verification documents
  • Get access to the Loop Dashboard
Days 2–4
Days 4–6
Day 7
  • Your business spend is running through Loop Cards, saving you FX fees
  • Your US revenue is deposited into your Loop account, eliminating double conversion
  • Your global vendors are connected — and getting paid faster

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
Designed To Help You Save

The partner you can bank on to save you time and money.

Access powerful global banking tools designed to help you grow and simplify your finances.

6hours
Avg. saved / wk
$40k
Avg. saved / yr
3000+
Businesses trust Loop
$0B
Transacted on our platform
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Learn more about how Loop can
power your business globally  

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 Wise 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 directly from your Loop will arrive in your payee’s bank account within 1-3 business days.

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.