Business Banking Canada

No-Fee Multi-Currency Business Credit Cards for Canadian Small Businesses

Canada Business Loan Experts has partnered with Loop Financial to offer Canadian small businesses a no-fee multi-currency business Visa card. No annual fees, CAD/USD/EUR/GBP on one card, and FX rates as low as 0.10%. Use our exclusive referral link below to apply and receive a $100 CAD signup bonus.

$0 Annual Fee 0.10%–0.50% FX Rate CAD / USD / EUR / GBP on One Card $100 CAD Signup Bonus
Get Your $100 Bonus → Call (604) 762-7350

What Loop Financial Offers Canadian Businesses

Loop Financial is a Canadian fintech company built for businesses that operate across borders or want to eliminate the monthly fees charged by traditional banks.

No Monthly Account Fees

Loop charges no monthly maintenance fees for its business banking accounts. The savings go directly back into your business rather than covering overhead charges that add up to hundreds of dollars per year with the major banks.

Industry-Low FX Rates

Loop's currency conversion rate starts at 0.10% and caps at 0.50%, compared to the 2.5%–3.5% conversion fee most Canadian banks charge on foreign currency transactions. For businesses buying from US or European suppliers, this difference is material.

Multi-Currency Business Visa Card

One physical or virtual Business Visa card that holds CAD, USD, EUR, and GBP balances. Pay international vendors in their local currency without a wire transfer or a separate foreign currency account at a different institution.

Open a US Bank Account from Canada

Loop allows Canadian businesses to open a US dollar bank account entirely online, with no requirement to travel to the United States or open an account in person at a US branch. This is a common barrier for Canadian businesses selling to US customers or paying US contractors.

Quick Online Application

The Loop account application is completed entirely online. No branch visits, no paper forms. Most applications are reviewed and approved within a few business days.

$100 CAD Signup Bonus via CBLE

New applicants who apply using the CBLE exclusive referral link receive a $100 CAD signup bonus after account creation and activation. The bonus is available to new Loop applicants only and is subject to Loop Financial's terms and approval.

How to Apply Through CBLE

You must use the CBLE referral link to be eligible for the $100 CAD signup bonus. Direct applications through the Loop website do not qualify.

1

Submit Your Email Below

Enter your first name and email in the form on this page. We will send you the exclusive CBLE referral link by email within minutes.

2

Use the Referral Link to Apply

Click the link in your email and complete Loop Financial's online application. All fields must be completed accurately for a smooth approval.

3

Receive Your $100 Bonus

Once your Loop account is approved and activated, and any promotional requirements are met, the $100 CAD bonus is credited to your account.

Loop Financial vs. Traditional Canadian Banks

How the key fees and features compare for a typical Canadian small business account.

FeatureLoop FinancialMajor Canadian Banks (RBC, TD, BMO)
Monthly account fee$0$25–$65/month
Foreign exchange rate0.10%–0.50%2.5%–3.5%
Multi-currency card (CAD/USD/EUR/GBP)Yes — one cardNo (separate accounts required)
US bank account, opened from CanadaYes — fully onlineRequires US branch visit or paper process
Business Visa card (physical + virtual)YesYes
Online account openingYes — fully onlineBranch visit often required
Annual card fee$0$50–$200+/year depending on card tier

Get Your Referral Link + $100 Bonus

Enter your details and we will email you the Loop Financial referral link. You must apply through this link to be eligible for the $100 CAD signup bonus.

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Frequently Asked Questions

Loop Financial is a Canadian fintech company that provides business banking services including no-fee multi-currency accounts and Business Visa cards. Loop is not a chartered bank — it is a financial technology company that partners with regulated financial institutions to provide these services. Canada Business Loan Experts is not affiliated with Loop Financial as an employee or agent; we receive a referral fee when clients apply using our exclusive link.
To receive the $100 CAD signup bonus, you must: (1) submit your name and email using the form on this page to receive our exclusive CBLE referral link, (2) apply using that link rather than applying directly through the Loop website, and (3) meet any account activation requirements specified by Loop Financial at the time of your application. The bonus is for new Loop applicants only and is subject to Loop Financial's approval and promotional terms.
The Loop Business Visa card supports Canadian dollars (CAD), US dollars (USD), Euros (EUR), and British pounds (GBP) on a single card. You can hold balances in each currency separately and pay vendors in their local currency without a manual conversion or wire transfer. This eliminates the 2.5%–3.5% FX conversion fees that most Canadian bank credit cards charge on foreign currency purchases.
Yes. Loop allows Canadian businesses to open a US dollar bank account entirely online, without travelling to the United States or attending an in-person branch appointment. This is useful for Canadian businesses that sell to US customers, pay US contractors, or want to receive USD payments directly without converting through a Canadian bank account.
Not necessarily. Some businesses use Loop as their primary business banking account, while others use it specifically for international payments and FX transactions to take advantage of the low conversion rates, keeping their primary CAD operations at a traditional Canadian bank. How you structure your banking is your decision based on your transaction volume, existing relationships, and operational requirements.

* Disclosure: The $100 CAD signup bonus is available to new Loop Financial applicants only, subject to Loop Financial's approval and promotional terms. Canada Business Loan Experts may receive a referral fee when clients apply using the CBLE exclusive referral link. Loop Financial is not a bank. CBLE is an independent commercial finance broker and is not an employee, agent, or representative of Loop Financial.