Meet Loop, created by Lending Loop

The team behind Lending Loop now offers a banking platform specifically built for growing Canadian businesses. You can bank on Loop to save your business time and money. Sign up for a free account today

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Trusted by leading global brands
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Banking designed to help your
business grow globally

Transactions and savings on FX fees

Save 5% of your revenue

Loop helps you eliminate between 2-6% in FX fees on all cross-border payments

Digital and Physical Loop Cards

Get corporate credit that scales

Grow faster with credit limits based on your business performance

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Collect in foreign currencies

Open local accounts to send & receive local payments in the US, EU and UK for free

Make Your Banking A Competitive Advantage

Grow globally with annual savings of $40k+

With Loop, eliminate FX and bank fees with multi-currency corporate credit cards and local accounts. Plus get industry leading conversion rates and powerful financial management solutions all designed to help you grow faster.

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Use Loop to spend in other currencies with no FX

Canada's first no fee multi-currency credit card that saves everytime you spend.
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Eliminate double conversions forever

Open local accounts in USD, GBP and EURO so you can pay, and get paid locally.
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Grow faster with access up to $1M in capital

Get up to 55 days of interest free spending using credit that scales with your business.
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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.

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Businesses trust Loop
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Grow faster when banking with Loop

Save 5% of your revenue on fees, get local accounts, multi-currency credit cards and more.

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
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Lock in the best rates with Loop Plus

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.

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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.

Case Studies

See How Loop is saving clients
$40k per year

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