{"id":1025046,"date":"2023-10-05T16:58:13","date_gmt":"2023-10-05T20:58:13","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=1025046"},"modified":"2026-01-20T11:46:51","modified_gmt":"2026-01-20T16:46:51","slug":"loop-canada-review","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review","title":{"rendered":"Loop Canada review"},"content":{"rendered":"<h3>Loop: The basics<\/h3><p>These are the standard features you can expect when you open an account with Loop Canada:<\/p><ul><li><strong>Multi-currency account.<\/strong> You can use your Loop multi-currency account to hold funds in CAD, USD, GBP and EUR. This allows you to avoid currency conversion costs and get paid in the local currency where you do business.<\/li><li><strong>No minimum deposit.<\/strong> There\u2019s no minimum deposit required to open a Loop multi-currency account, while there\u2019s also no limit on the amount you can send or receive.<\/li><li><strong>Instant currency conversion.<\/strong> Loop allows you to convert currency instantly with competitive foreign exchange fees.<\/li><li><strong>Send funds in 37 currencies.<\/strong> Loop allows you to send payments to over 180 countries in 37 currencies, allowing you to pay your suppliers in their local currency.<\/li><li><strong>Multi-currency credit card.<\/strong> You can use a Loop card to spend in CAD, USD, GBP and EUR.<\/li><li><strong>Credit limit of up to $1 million.<\/strong> The Loop corporate credit card comes with a maximum credit limit of up to $1 million.<\/li><li><strong>Physical and virtual cards available.<\/strong> A free Loop Basic plan gives you access to two free physical Loop cards and 20 virtual cards.<\/li><li><strong>Accounting integration.<\/strong> You can integrate your Loop account with Quickbooks and Xero to make it easier to stay on top of managing your finances.<\/li><li><strong>Loop Capital.<\/strong> Loop also offers access to invoice financing, purchase order financing and inventory-secured lines of credit to help you grow your business.<\/li><\/ul><h3>What are the benefits of Loop in Canada?<\/h3><p>Loop offers the following benefits to Canadian businesses:<\/p><ul class=\"list-1\"><li><strong>No account opening or monthly fees.<\/strong> It doesn\u2019t cost anything to open multi-currency accounts with Loop, and you also don\u2019t need to pay a monthly fee with a basic plan.<\/li><li><strong>No FX fees.<\/strong> If you need to send or receive money in CAD, USD, EUR or GBP, you don\u2019t have to worry about foreign exchange fees eating into your transaction.<\/li><li><strong>Unlimited users.<\/strong> There\u2019s no limit to how many users and cardholders you can have on your Loop account.<\/li><li><strong>Earn rewards on purchases.<\/strong> You can earn Loop points on all your Loop card spending, with points able to be redeemed for gift cards at brands like Amazon, Uber and Air Canada.<\/li><li><strong>55 days interest-free.<\/strong> The Loop card offers up to 55 days of interest-free spending on your business credit card.<\/li><li><strong>Fluctuating credit limit.<\/strong> The credit limit on your Loop card is automatically updated every month based on your business\u2019 sales and spending needs.<\/li><\/ul><h3>What are the drawbacks of Loop?<\/h3><p>However, there are a few things you may want to keep in mind before signing up for Loop Canada:<\/p><ul class=\"list-12\"><li><strong>Monthly fees.<\/strong> While there is a free plan available, Loop Plus costs $79 a month and Loop Power costs $299 a month.<\/li><li><strong>Billing processing fees.<\/strong> When you request payments using Loop\u2019s global billing solution, a billing processing fee applies. The size of the fee varies depending on your subscription plan.<\/li><li><strong>Currency conversion fees.<\/strong> When you need to convert currencies with Loop, a foreign exchange fee of between 0.1% and 0.5% applies depending on your account plan.<\/li><li><strong>No Apple Pay or Google Pay.<\/strong> If you want to connect your Loop corporate card to Apple Pay or Google Pay, the option to do this is still listed as \u201ccoming soon.\u201d<\/li><li><strong>Personal guarantee.<\/strong> If your company has less than $10 million in gross profit, you\u2019ll need to provide a personal guarantee to qualify for a Loop credit card.<\/li><\/ul><h3>Compare other business banking accounts<\/h3>\n    \n\n<style>\n#toppicks { overflow-x: auto; }\n.table-expander__content { margin-left: 0.5rem; line-height: normal; }\n.pro-section { line-height: 1.35rem; text-align: left; }\n\n.topPicksF1 .card-topText {\n    font-weight: 800;\n    height: 50px;\n    font-style: italic;\n    align-content: space-around;\n}\n\n.topPicksF1 .zoom:hover {\n    box-shadow: 4px 6px 0 0 #232320;\n}\n\n.topPicksF1 .topPicks__deal {\n    color: #232021;\n    background-color: #F7F6EC;\n}\n\n.container-threepc.threepc-flex::-webkit-scrollbar { display: none; }\n.gx-badge__body.awards-badge__body.hasPopover.threepc-award { margin-top: 0; }\n.topPicks__card-card figure.award { padding: 0px 10px 20px 10px; margin: -3px auto 3px; width: 130px; }\n.topPicks__card-card figure.noward { padding: 10px; width: 130px; }\n.award-wrapper { height: 0px; display: block; margin: -23px auto 23px; }\n.award-bnt { padding-top: 0.5em; padding-bottom: 0.5em; }\n.award-pad { padding-top: 0.5rem; margin-bottom: 0.55rem; }\n.luna-card__block { padding: 1.25rem; }\n.ratings-w { width: 42%; margin: auto; margin-bottom: 1rem; }\n.cleanMastHead { display: block; }\n.standardMasthead.standardMasthead--widget { overflow: visible; }\n.standardMasthead__widgetSection__content { overflow: visible; }\n.popover.fade.bottom.in { overflow: visible; }\n\n.cardColoured-banner {\n    width: 100%;\n    border-radius: 0.7em 0.7em 0 0;\n    background-color: #e5f7ff;\n}\n\n.cardPros-text {\n    font-size: 0.8em;\n}\n\n.cardData-header {\n    margin: 0;\n    font-size: 0.77em;\n    white-space: normal;\n    color: #6c7881;\n}\n\n.cardProductname-header {\n    font-size: 0.77em;\n    white-space: normal;\n    color: #6c7881;\n    font-weight: 600;\n    margin-bottom: 0.5rem;\n    margin-top: 0.5rem;\n}\n\n.cardProductname-header-fsa {\n    margin-top: 2rem;\n    margin-bottom: 0.7rem;\n}\n\n.cardData-text {\n    margin: 0;\n    font-size: 0.9em;\n    font-weight: 700;\n    text-align: right;\n    white-space: normal;\n}\n\n.card-topText {\n    text-align: center;\n    margin: 0.5em;\n    font-weight: 500;\n    white-space: normal;\n}\n\n.container-threepc .luna-card {\n    overflow: visible;\n}\n\n.popover.top {\n    overflow: visible;\n}\n\n.pick {\n    margin-top: 0.3em;\n    margin-bottom: 0.3em;\n}\n\n.luna-card__topPick {\n   padding: 0.5em;\n}\n\n.best-pagePromoted-span {\n    font-size: 0.7em;\n    font-weight: 700;\n    background-color: #f6c744;\n    border-radius: 1em;\n    padding: 0.4em 0.8em;\n}\n\n.container-threepc {\n    width: 100%;\n    height: auto;\n    white-space: nowrap;\n    padding-top: 10px;\n    padding-bottom: 10px;\n}\n\n.threepc-flex {\n    display: flex;\n    flex-wrap: unset;\n        overflow: visible;\n    }\n\n.threepc-flex-item {\n    flex: 0 0 auto;\n}\n\n.zoom {\n    transition: transform .2s;\n    margin: 0 auto;\n}\n\n.zoom:hover {\n    transform: scale(1.015);\n    box-shadow: 1px 1px 19px -9px rgba(168,176,183,0.81);\n}\n\n.mastheadPick-item {\n    margin: 5px;\n    width: calc(96% \/ 3);\n    border-radius: 0.7em;\n}\n\n.luna-author {\n    padding: 20px;\n}\n\n.standardMasthead__widgetSection {\n    margin-bottom: 8%;\n}\n\n.topPicks__deal {\n    color: #014BB2;\n    font-weight: 600;\n    background-color: #ebf3fc;\n    padding: 0.5em 0.65em 0.6em;\n    width: auto;\n    border-radius: 16px;\n    font-size: 0.875rem;\n    line-height: 17px;\n    margin: 1.2rem 0.7rem;\n    text-wrap: wrap;\n}\n\n.topPicks__deal span.table-popover::before {\n    background-image: url(\"data:image\/svg+xml,%3Csvg%20viewBox%3D%220%200%2024%2024%22%20id%3D%22info-circle%22%20xmlns%3D%22http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%22%3E%3Cpath%20d%3D%22M11%2017h2v-6h-2v6zm1-15C6.48%202%202%206.48%202%2012s4.48%2010%2010%2010%2010-4.48%2010-10S17.52%202%2012%202zm0%2018.75c-4.823%200-8.75-3.927-8.75-8.75S7.177%203.25%2012%203.25s8.75%203.927%208.75%208.75-3.927%208.75-8.75%208.75zM11%209h2V7h-2v2z%22%20fill%3D%22%23232021%22%3E%3C%2Fpath%3E%3C%2Fsvg%3E\");\n    margin: -2px 0px -1px 0px;\n}\n\n@media (max-width: 1920px) {\n    .pro-section {\n        max-height: fit-content;\n    }\n}\n\n@media (max-width:801px) {\n    .topPicksF1 .card-topText {\n        font-size: 1.3em;\n    }\n\n    .mastheadPick-item {\n        margin: 5px;\n        width: 80%;\n    }\n\n    .standardMasthead__widgetSection {\n        margin-bottom: 0;\n    }\n\n    .standardMasthead.standardMasthead--widget {\n        overflow: auto;\n    }\n\n    .container-threepc .popover.fade.bottom.in {\n        overflow: visible;\n        left: 2rem;\n        top: 0;\n    }\n}\n\n@media (max-width:481px) {\n    .topPicksF1 .cardColoured-banner {\n        font-size: 0.8rem;\n        background-color: #e5f7ff;\n    }\n\n    .award-w-btn { padding-top: 0.25rem }\n    .ratings-w { width: 52%; }\n    .award-wrapper { height: 0px; display: block; }\n    .cardProductname-header { margin-top: 2.2rem; }\n\n    .mastheadPick-item {\n        margin: 5px;\n        width: 80%;\n    }\n\n    .standardMasthead__widgetSection {\n        margin-bottom: 0;\n    }\n\n    .cardColoured-banner {\n        font-size: 0.9rem;\n        background-color: #e5f7ff;\n    }\n}\n<\/style>\n\n<style>\n       .icondeal > use { fill: #232320 !important }\n    .icondeal { width: 1rem !important; height: 1rem !important; vertical-align: \/*middle;*\/ vertical-align: bottom !important;}\n  .best-page-offer-text-rib {  border-radius: 16px !important;  background-color: #F7F6EC; padding: 0.5rem; display: inline-block;}\n  .threepc-page-offer-text-rib { padding: 0.3em !important }\n  td.comparison-table__feature--longtext div.comparison-table__cellWrapper { width:  100%; } td.comparison-table__feature--longtext .has-margin-bottom-xsmall { border-radius: 3px; }\n<\/style> \n\n    \n\n\n                        \n\n\n\n\n\n\n    \n                <div class=\"container-threepc threepc-flex topPicksF1\" id=\"toppicks\">\n\n                                <article class=\"luna-card luna-card--shadow luna-card--stretch mastheadPick-item threepc-flex-item zoom topPicks__card-card\">\n                <div class=\"cardColoured-banner\" style=\"background-color: \" data-nbid=\"ddef87d7-ca17-4ede-a4c6-991a25f5c077\">\n\n                                        \n                    <p class=\"card-topText\" style=\"height:fit-content\">\n                                                    Digital access\n                                            <\/p>\n                <\/div>\n\n                                \n                <div class=\"luna-card__block luna-card__topPick\">\n                    <figure style=\"margin: auto;\" class=\"noward\">\n                        <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.finder.com\/redirect\/ca\/business-banking\/rbc-digital-choice-business-banking-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%22ddef87d7-ca17-4ede-a4c6-991a25f5c077%22%2C%22product_name%22%3A%22RBC%2BDigital%2BChoice%2BBusiness%2BAccount%22%2C%22offer_id%22%3A%2223853%22%2C%22decorator%22%3A%22GLOBAL.PRODUCT.USFIN_IMAGE%22%2C%22niche_code%22%3A%22CAFSA-BUS%22%2C%22position%22%3A%221%22%2C%22top_picks_lock_order%22%3A%220%22%2C%22post_id%22%3A%221025046%22%2C%22post_path%22%3A%22banking%252Fbusiness-banking%252Floop-canada-review%22%2C%22post_country%22%3A%22ca%22%2C%22partial%22%3A%7B%22id%22%3A1730639%2C%22name%22%3A%22threepc%22%2C%22country%22%3A%22us%22%7D%7D\" style=\"margin-bottom: 10px;\" title=\"Go to RBC\">\r\n\r\n  \r\n  \r\n\r\n<img decoding=\"async\" src=\"https:\/\/www.finder.com\/niche-builder\/5e5d6490ee27a.jpg\" loading=\"lazy\" alt=\"RBC logo\" class=\"luna-image compare-logo no-lazyload \" width=\"450\" height=\"250\" srcset=\"https:\/\/www.finder.com\/niche-builder\/5e5d6490ee27a.jpg?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/5e5d6490ee27a.jpg?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/5e5d6490ee27a.jpg?fit=600 600w, https:\/\/www.finder.com\/niche-builder\/5e5d6490ee27a.jpg?fit=900 900w, https:\/\/www.finder.com\/niche-builder\/5e5d6490ee27a.jpg?fit=1200 1200w, https:\/\/www.finder.com\/niche-builder\/5e5d6490ee27a.jpg?fit=1350 1350w\" sizes=\"(max-width: 1350px) 100vw, 1350px\">\r\n<\/a>\n                    <\/figure>\n\n                    \n                    \n                    \n                    \n                                            <span class=\"best-pagePromoted-span\" style=\"display: none; background-color: #FFF;\"><\/span>\n                    \n                    \n                    <div class=\" has-padding-bottom-xsmall has-padding-top-small \" style=\"border-radius: 0.2em;\">\n                        <style>\r\n.table--success { width: max-content !important; }\r\n<\/style>\r\n\r\n\r\n<div aria-hidden=\"false\" class=\"rewards--element-container rewards--container sticky-cta \" data-product-id=\"ddef87d7-ca17-4ede-a4c6-991a25f5c077\" data-product-name=\"RBC Digital Choice Business Account\" data-niche=\"Business Banking\" data-provider-name=\"RBC\" data-rewards-campaign-name=\"\">\r\n\r\n\r\n\r\n\r\n\r\n\r\n    \r\n\t\t\t<a class=\"  luna-button luna-button--success  luna-button--fluid  \" style=\"text-wrap: wrap;\" title=\"Go to RBC\" rel=\"sponsored\" target=\"_blank\" href=\"https:\/\/www.finder.com\/redirect\/ca\/business-banking\/rbc-digital-choice-business-banking-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%22ddef87d7-ca17-4ede-a4c6-991a25f5c077%22%2C%22product_name%22%3A%22RBC%2BDigital%2BChoice%2BBusiness%2BAccount%22%2C%22offer_id%22%3A%2223853%22%2C%22decorator%22%3A%22GLOBAL.PRODUCT.USFIN_REDIRECT_BUTTON%22%2C%22niche_code%22%3A%22CAFSA-BUS%22%2C%22position%22%3A%221%22%2C%22top_picks_lock_order%22%3A%220%22%2C%22post_id%22%3A%221025046%22%2C%22post_path%22%3A%22banking%252Fbusiness-banking%252Floop-canada-review%22%2C%22post_country%22%3A%22ca%22%2C%22partial%22%3A%7B%22id%22%3A1730639%2C%22name%22%3A%22threepc%22%2C%22country%22%3A%22us%22%7D%7D\"> \r\n\t\t\t\t\r\n\t\t\t\t\tGo to site\r\n\t\t\t\t\r\n\t\t\t<\/a>\r\n\t\r\n\r\n  \r\n\r\n\r\n\r\n\r\n      \r\n \r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n  \r\n\r\n\r\n\r\n  \r\n \r\n\r\n\r\n\r\n \r\n\r\n  <\/div>\r\n<style>\r\n.hidden-temp {  overflow: visible; }\r\n.back-cover { display:none; width: 100vw; height: 100vh; background-color:rgba(0,0,0,.5); position: fixed !important; z-index: 10; top:0; left: 0; }  \r\n.card-t { position: fixed !important; z-index: 11; text-align: justify; display: flex; justify-content: center; width: 100%; top: 50%; left: 50%;  transform: translate(-50%, -50%); }\r\n.terms-c { color: #0271e1; z-index:3; } \r\n.terms-c:hover { color: #1591fe; cursor: pointer;}\r\n.terms-card-r { border-radius: 14px; }\r\n\r\n\r\n  \r\n@media (max-width:481px)  { \r\n\/* .card-t { position: fixed; width: 80%; text-align: justify;  top: 30vw; left: 5vh; }\r\n .card-t { position: fixed; z-index: 11; text-align: justify;  }*\/\r\n }\r\n<\/style>\r\n  \r\n\r\n  \r\n<script>\r\ndocument.addEventListener(\"DOMContentLoaded\", function() {\r\n    document.addEventListener(\"click\", function(event) {\r\n        const sendDataButton = document.getElementById(\"sendDataButton\");\r\n\r\n        \/\/ Check if the click was on the sendDataButton\r\n        if (event.target && event.target.id === \"sendDataButton\") {\r\n            event.preventDefault(); \/\/ Prevent default link behavior\r\n\r\n            \/\/ Ensure the button exists\r\n            if (sendDataButton) {\r\n                \/\/ Use dataset to get the data attributes\r\n                const nicheData = sendDataButton.dataset.nicheData || ''; \/\/ Fallback to empty string\r\n                const productData = sendDataButton.dataset.productData || ''; \/\/ Fallback to empty string\r\n                const fiUri = sendDataButton.dataset.fiUri || ''; \/\/ Access fiUri in camelCase\r\n                const psUri = sendDataButton.dataset.psUri || ''; \/\/ Access psUri in camelCase\r\n                const psGn = sendDataButton.dataset.psGn || ''; \/\/ Access psGn in camelCase\r\n                const tc = sendDataButton.dataset.tc || ''; \/\/ Access data-tc attribute\r\n\r\n                \/\/ Extract the category from the current URL\r\n                const currentUrl = window.location.href;\r\n                const urlParts = currentUrl.split('\/');\r\n                const category = urlParts.length > 4 ? urlParts[3] : ''; \/\/ Get the category from the URL\r\n\r\n                \/\/ Construct the new URL with query parameters, encoding each value\r\n                const newUrl = `https:\/\/www.finder.com\/about-us\/product-lander-test?niche_data=${encodeURIComponent(nicheData)}&product_data=${encodeURIComponent(productData)}&fi_uri=${encodeURIComponent(fiUri)}&ps_uri=${encodeURIComponent(psUri)}&ps_gn=${encodeURIComponent(psGn)}&category=${encodeURIComponent(category)}&tc=${encodeURIComponent(tc)}`;\r\n                \r\n                \/\/ Perform the redirect with the updated URL\r\n                window.location.href = newUrl;\r\n            }\r\n        }\r\n    });\r\n});\r\n<\/script>\r\n\r\n  \r\n\n                        \n                    <\/div>\n\n                    <div class=\"text-center\"> <\/div>\n\n                    \n                    \n\n                       <div style=\"display: none\">ddef87d7-ca17-4ede-a4c6-991a25f5c077-<\/div>\n\n\n                    \n\n\n\n\n\n                                            <div class=\"cardPros-text  pros-no-blue-lozenge \">\n                            <style>\r\n.list-1 li {\r\noverflow-wrap: break-word;\r\nwhite-space: normal;\r\npadding-bottom: 10px;\r\n}\r\n  \r\n.pro-engine { \r\nmin-height: 100px;\r\nmargin-top: 15px;\r\n}\r\n  \r\n@media (max-width:1001px) { \r\n.pro-section{\r\n\r\n\r\n}\r\n}\r\n  \r\n@media (max-width:1920px) { \r\n.pro-section{\r\n\r\n\r\n}\r\n}\r\n  \r\n.pro-section-2 {\r\n\r\n}\r\n<\/style>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n<div class=\"pro-section\">\r\n    <ul class=\"list-1 pros-a\" id=\"pros\">\r\n        \r\n            \r\n                 <li>Low $6 monthly account fee<\/li>\r\n            \r\n         \r\n            \r\n                 <li>Unlimited online transactions<\/li>\r\n            \r\n         \r\n            \r\n                 <li>Unlimited mobile and ATM cheque deposits<\/li>\r\n            \r\n         \r\n            \r\n                 <li>Sole proprietorships and corporations accepted<\/li>\r\n            \r\n         \r\n    <\/ul>\r\n<\/div>\n                        <\/div>\n                                    <\/div>\n\n                <div style=\"margin-top: 1rem; margin-right: 0.7rem;\">\n                    \n                <\/div>\n            <\/article>\n                                <article class=\"luna-card luna-card--shadow luna-card--stretch mastheadPick-item threepc-flex-item zoom topPicks__card-card\">\n                <div class=\"cardColoured-banner\" style=\"background-color: \" data-nbid=\"6f4b7efc-42b4-46b9-997e-867e25204496\">\n\n                                        \n                    <p class=\"card-topText\" style=\"height:fit-content\">\n                                                    Sign-up Offer\n                                            <\/p>\n                <\/div>\n\n                                \n                <div class=\"luna-card__block luna-card__topPick\">\n                    <figure style=\"margin: auto;\" class=\"noward\">\n                        <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.finder.com\/redirect\/ca\/business-banking\/airwallex-business-account-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%226f4b7efc-42b4-46b9-997e-867e25204496%22%2C%22product_name%22%3A%22Airwallex%2BBusiness%2BAccount%22%2C%22offer_id%22%3A%2225199%22%2C%22decorator%22%3A%22GLOBAL.PRODUCT.USFIN_IMAGE%22%2C%22niche_code%22%3A%22CAFSA-BUS%22%2C%22position%22%3A%222%22%2C%22top_picks_lock_order%22%3A%220%22%2C%22post_id%22%3A%221025046%22%2C%22post_path%22%3A%22banking%252Fbusiness-banking%252Floop-canada-review%22%2C%22post_country%22%3A%22ca%22%2C%22partial%22%3A%7B%22id%22%3A1730639%2C%22name%22%3A%22threepc%22%2C%22country%22%3A%22us%22%7D%7D\" style=\"margin-bottom: 10px;\" title=\"Go to Airwallex\">\r\n\r\n  \r\n  \r\n\r\n<img decoding=\"async\" src=\"https:\/\/www.finder.com\/niche-builder\/66a934476d044.png\" loading=\"lazy\" alt=\"Airwallex logo\" class=\"luna-image compare-logo no-lazyload \" width=\"450\" height=\"250\" srcset=\"https:\/\/www.finder.com\/niche-builder\/66a934476d044.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/66a934476d044.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/66a934476d044.png?fit=600 600w, https:\/\/www.finder.com\/niche-builder\/66a934476d044.png?fit=900 900w, https:\/\/www.finder.com\/niche-builder\/66a934476d044.png?fit=1200 1200w, https:\/\/www.finder.com\/niche-builder\/66a934476d044.png?fit=1350 1350w\" sizes=\"(max-width: 1350px) 100vw, 1350px\">\r\n<\/a>\n                    <\/figure>\n\n                    \n                    \n                    \n                    \n                                            <span class=\"best-pagePromoted-span\" style=\"display: none; background-color: #FFF;\"><\/span>\n                    \n                    \n                    <div class=\" has-padding-bottom-xsmall has-padding-top-small \" style=\"border-radius: 0.2em;\">\n                        <style>\r\n.table--success { width: max-content !important; }\r\n<\/style>\r\n\r\n\r\n<div aria-hidden=\"false\" class=\"rewards--element-container rewards--container sticky-cta \" data-product-id=\"6f4b7efc-42b4-46b9-997e-867e25204496\" data-product-name=\"Airwallex Business Account\" data-niche=\"Business Banking\" data-provider-name=\"Airwallex\" data-rewards-campaign-name=\"\">\r\n\r\n\r\n\r\n\r\n\r\n\r\n    \r\n\t\t\t<a class=\"  luna-button luna-button--success  luna-button--fluid  \" style=\"text-wrap: wrap;\" title=\"Go to Airwallex\" rel=\"sponsored\" target=\"_blank\" href=\"https:\/\/www.finder.com\/redirect\/ca\/business-banking\/airwallex-business-account-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%226f4b7efc-42b4-46b9-997e-867e25204496%22%2C%22product_name%22%3A%22Airwallex%2BBusiness%2BAccount%22%2C%22offer_id%22%3A%2225199%22%2C%22decorator%22%3A%22GLOBAL.PRODUCT.USFIN_REDIRECT_BUTTON%22%2C%22niche_code%22%3A%22CAFSA-BUS%22%2C%22position%22%3A%222%22%2C%22top_picks_lock_order%22%3A%220%22%2C%22post_id%22%3A%221025046%22%2C%22post_path%22%3A%22banking%252Fbusiness-banking%252Floop-canada-review%22%2C%22post_country%22%3A%22ca%22%2C%22partial%22%3A%7B%22id%22%3A1730639%2C%22name%22%3A%22threepc%22%2C%22country%22%3A%22us%22%7D%7D\"> \r\n\t\t\t\t\r\n\t\t\t\t\tGo to site\r\n\t\t\t\t\r\n\t\t\t<\/a>\r\n\t\r\n\r\n  \r\n\r\n\r\n\r\n\r\n      \r\n \r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n  \r\n\r\n\r\n\r\n  \r\n \r\n\r\n\r\n\r\n \r\n\r\n  <\/div>\r\n<style>\r\n.hidden-temp {  overflow: visible; }\r\n.back-cover { display:none; width: 100vw; height: 100vh; background-color:rgba(0,0,0,.5); position: fixed !important; z-index: 10; top:0; left: 0; }  \r\n.card-t { position: fixed !important; z-index: 11; text-align: justify; display: flex; justify-content: center; width: 100%; top: 50%; left: 50%;  transform: translate(-50%, -50%); }\r\n.terms-c { color: #0271e1; z-index:3; } \r\n.terms-c:hover { color: #1591fe; cursor: pointer;}\r\n.terms-card-r { border-radius: 14px; }\r\n\r\n\r\n  \r\n@media (max-width:481px)  { \r\n\/* .card-t { position: fixed; width: 80%; text-align: justify;  top: 30vw; left: 5vh; }\r\n .card-t { position: fixed; z-index: 11; text-align: justify;  }*\/\r\n }\r\n<\/style>\r\n  \r\n\r\n  \r\n<script>\r\ndocument.addEventListener(\"DOMContentLoaded\", function() {\r\n    document.addEventListener(\"click\", function(event) {\r\n        const sendDataButton = document.getElementById(\"sendDataButton\");\r\n\r\n        \/\/ Check if the click was on the sendDataButton\r\n        if (event.target && event.target.id === \"sendDataButton\") {\r\n            event.preventDefault(); \/\/ Prevent default link behavior\r\n\r\n            \/\/ Ensure the button exists\r\n            if (sendDataButton) {\r\n                \/\/ Use dataset to get the data attributes\r\n                const nicheData = sendDataButton.dataset.nicheData || ''; \/\/ Fallback to empty string\r\n                const productData = sendDataButton.dataset.productData || ''; \/\/ Fallback to empty string\r\n                const fiUri = sendDataButton.dataset.fiUri || ''; \/\/ Access fiUri in camelCase\r\n                const psUri = sendDataButton.dataset.psUri || ''; \/\/ Access psUri in camelCase\r\n                const psGn = sendDataButton.dataset.psGn || ''; \/\/ Access psGn in camelCase\r\n                const tc = sendDataButton.dataset.tc || ''; \/\/ Access data-tc attribute\r\n\r\n                \/\/ Extract the category from the current URL\r\n                const currentUrl = window.location.href;\r\n                const urlParts = currentUrl.split('\/');\r\n                const category = urlParts.length > 4 ? urlParts[3] : ''; \/\/ Get the category from the URL\r\n\r\n                \/\/ Construct the new URL with query parameters, encoding each value\r\n                const newUrl = `https:\/\/www.finder.com\/about-us\/product-lander-test?niche_data=${encodeURIComponent(nicheData)}&product_data=${encodeURIComponent(productData)}&fi_uri=${encodeURIComponent(fiUri)}&ps_uri=${encodeURIComponent(psUri)}&ps_gn=${encodeURIComponent(psGn)}&category=${encodeURIComponent(category)}&tc=${encodeURIComponent(tc)}`;\r\n                \r\n                \/\/ Perform the redirect with the updated URL\r\n                window.location.href = newUrl;\r\n            }\r\n        }\r\n    });\r\n});\r\n<\/script>\r\n\r\n  \r\n\n                        \n                    <\/div>\n\n                    <div class=\"text-center\"> <\/div>\n\n                    \n                    \n\n                       <div style=\"display: none\">6f4b7efc-42b4-46b9-997e-867e25204496-<\/div>\n\n\n                    \n\n\n\n\n\n                                            <div class=\"cardPros-text  pros-no-blue-lozenge \">\n                            <style>\r\n.list-1 li {\r\noverflow-wrap: break-word;\r\nwhite-space: normal;\r\npadding-bottom: 10px;\r\n}\r\n  \r\n.pro-engine { \r\nmin-height: 100px;\r\nmargin-top: 15px;\r\n}\r\n  \r\n@media (max-width:1001px) { \r\n.pro-section{\r\n\r\n\r\n}\r\n}\r\n  \r\n@media (max-width:1920px) { \r\n.pro-section{\r\n\r\n\r\n}\r\n}\r\n  \r\n.pro-section-2 {\r\n\r\n}\r\n<\/style>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n<div class=\"pro-section\">\r\n    <ul class=\"list-1 pros-a\" id=\"pros\">\r\n        \r\n            \r\n                 <li>$500 sign-up offer<\/li>\r\n            \r\n         \r\n            \r\n                 <li>Multi-currency global accounts<\/li>\r\n            \r\n         \r\n            \r\n                 <li>FX &amp; payout to 150+ countries<\/li>\r\n            \r\n         \r\n            \r\n                 <li>For registered Canadian corporations only<\/li>\r\n            \r\n         \r\n    <\/ul>\r\n<\/div>\n                        <\/div>\n                                    <\/div>\n\n                <div style=\"margin-top: 1rem; margin-right: 0.7rem;\">\n                    \n                <\/div>\n            <\/article>\n                                <article class=\"luna-card luna-card--shadow luna-card--stretch mastheadPick-item threepc-flex-item zoom topPicks__card-card\">\n                <div class=\"cardColoured-banner\" style=\"background-color: \" data-nbid=\"1687ee58-d261-446b-97c3-825f70d60e4e\">\n\n                                        \n                    <p class=\"card-topText\" style=\"height:fit-content\">\n                                                    Multi-currency\n                                            <\/p>\n                <\/div>\n\n                                \n                <div class=\"luna-card__block luna-card__topPick\">\n                    <figure style=\"margin: auto;\" class=\"noward\">\n                        <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.finder.com\/redirect\/ca\/business-banking\/loop-global-business-banking-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%221687ee58-d261-446b-97c3-825f70d60e4e%22%2C%22product_name%22%3A%22Loop%2BGlobal%2BBusiness%2BBanking%2BAccount%22%2C%22offer_id%22%3A%2223693%22%2C%22decorator%22%3A%22GLOBAL.PRODUCT.USFIN_IMAGE%22%2C%22niche_code%22%3A%22CAFSA-BUS%22%2C%22position%22%3A%223%22%2C%22top_picks_lock_order%22%3A%220%22%2C%22post_id%22%3A%221025046%22%2C%22post_path%22%3A%22banking%252Fbusiness-banking%252Floop-canada-review%22%2C%22post_country%22%3A%22ca%22%2C%22partial%22%3A%7B%22id%22%3A1730639%2C%22name%22%3A%22threepc%22%2C%22country%22%3A%22us%22%7D%7D\" style=\"margin-bottom: 10px;\" title=\"Go to Loop\">\r\n\r\n  \r\n  \r\n\r\n<img decoding=\"async\" src=\"https:\/\/www.finder.com\/niche-builder\/65089e0fc3719.png\" loading=\"lazy\" alt=\"Loop logo\" class=\"luna-image compare-logo no-lazyload \" width=\"450\" height=\"250\" srcset=\"https:\/\/www.finder.com\/niche-builder\/65089e0fc3719.png?fit=180 180w, https:\/\/www.finder.com\/niche-builder\/65089e0fc3719.png?fit=360 360w, https:\/\/www.finder.com\/niche-builder\/65089e0fc3719.png?fit=600 600w, https:\/\/www.finder.com\/niche-builder\/65089e0fc3719.png?fit=900 900w, https:\/\/www.finder.com\/niche-builder\/65089e0fc3719.png?fit=1200 1200w, https:\/\/www.finder.com\/niche-builder\/65089e0fc3719.png?fit=1350 1350w\" sizes=\"(max-width: 1350px) 100vw, 1350px\">\r\n<\/a>\n                    <\/figure>\n\n                    \n                    \n                    \n                    \n                                            <span class=\"best-pagePromoted-span\" style=\"display: none; background-color: #FFF;\"><\/span>\n                    \n                    \n                    <div class=\" has-padding-bottom-xsmall has-padding-top-small \" style=\"border-radius: 0.2em;\">\n                        <style>\r\n.table--success { width: max-content !important; }\r\n<\/style>\r\n\r\n\r\n<div aria-hidden=\"false\" class=\"rewards--element-container rewards--container sticky-cta \" data-product-id=\"1687ee58-d261-446b-97c3-825f70d60e4e\" data-product-name=\"Loop Global Business Banking Account\" data-niche=\"Business Banking\" data-provider-name=\"Loop\" data-rewards-campaign-name=\"\">\r\n\r\n\r\n\r\n\r\n\r\n\r\n    \r\n\t\t\t<a class=\"  luna-button luna-button--success  luna-button--fluid  \" style=\"text-wrap: wrap;\" title=\"Go to Loop\" rel=\"sponsored\" target=\"_blank\" href=\"https:\/\/www.finder.com\/redirect\/ca\/business-banking\/loop-global-business-banking-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22nb-product%22%2C%22product_id%22%3A%221687ee58-d261-446b-97c3-825f70d60e4e%22%2C%22product_name%22%3A%22Loop%2BGlobal%2BBusiness%2BBanking%2BAccount%22%2C%22offer_id%22%3A%2223693%22%2C%22decorator%22%3A%22GLOBAL.PRODUCT.USFIN_REDIRECT_BUTTON%22%2C%22niche_code%22%3A%22CAFSA-BUS%22%2C%22position%22%3A%223%22%2C%22top_picks_lock_order%22%3A%220%22%2C%22post_id%22%3A%221025046%22%2C%22post_path%22%3A%22banking%252Fbusiness-banking%252Floop-canada-review%22%2C%22post_country%22%3A%22ca%22%2C%22partial%22%3A%7B%22id%22%3A1730639%2C%22name%22%3A%22threepc%22%2C%22country%22%3A%22us%22%7D%7D\"> \r\n\t\t\t\t\r\n\t\t\t\t\tGo to site\r\n\t\t\t\t\r\n\t\t\t<\/a>\r\n\t\r\n\r\n  \r\n\r\n\r\n\r\n\r\n      \r\n \r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n  \r\n\r\n\r\n\r\n  \r\n \r\n\r\n\r\n\r\n \r\n\r\n  <\/div>\r\n<style>\r\n.hidden-temp {  overflow: visible; }\r\n.back-cover { display:none; width: 100vw; height: 100vh; background-color:rgba(0,0,0,.5); position: fixed !important; z-index: 10; top:0; left: 0; }  \r\n.card-t { position: fixed !important; z-index: 11; text-align: justify; display: flex; justify-content: center; width: 100%; top: 50%; left: 50%;  transform: translate(-50%, -50%); }\r\n.terms-c { color: #0271e1; z-index:3; } \r\n.terms-c:hover { color: #1591fe; cursor: pointer;}\r\n.terms-card-r { border-radius: 14px; }\r\n\r\n\r\n  \r\n@media (max-width:481px)  { \r\n\/* .card-t { position: fixed; width: 80%; text-align: justify;  top: 30vw; left: 5vh; }\r\n .card-t { position: fixed; z-index: 11; text-align: justify;  }*\/\r\n }\r\n<\/style>\r\n  \r\n\r\n  \r\n<script>\r\ndocument.addEventListener(\"DOMContentLoaded\", function() {\r\n    document.addEventListener(\"click\", function(event) {\r\n        const sendDataButton = document.getElementById(\"sendDataButton\");\r\n\r\n        \/\/ Check if the click was on the sendDataButton\r\n        if (event.target && event.target.id === \"sendDataButton\") {\r\n            event.preventDefault(); \/\/ Prevent default link behavior\r\n\r\n            \/\/ Ensure the button exists\r\n            if (sendDataButton) {\r\n                \/\/ Use dataset to get the data attributes\r\n                const nicheData = sendDataButton.dataset.nicheData || ''; \/\/ Fallback to empty string\r\n                const productData = sendDataButton.dataset.productData || ''; \/\/ Fallback to empty string\r\n                const fiUri = sendDataButton.dataset.fiUri || ''; \/\/ Access fiUri in camelCase\r\n                const psUri = sendDataButton.dataset.psUri || ''; \/\/ Access psUri in camelCase\r\n                const psGn = sendDataButton.dataset.psGn || ''; \/\/ Access psGn in camelCase\r\n                const tc = sendDataButton.dataset.tc || ''; \/\/ Access data-tc attribute\r\n\r\n                \/\/ Extract the category from the current URL\r\n                const currentUrl = window.location.href;\r\n                const urlParts = currentUrl.split('\/');\r\n                const category = urlParts.length > 4 ? urlParts[3] : ''; \/\/ Get the category from the URL\r\n\r\n                \/\/ Construct the new URL with query parameters, encoding each value\r\n                const newUrl = `https:\/\/www.finder.com\/about-us\/product-lander-test?niche_data=${encodeURIComponent(nicheData)}&product_data=${encodeURIComponent(productData)}&fi_uri=${encodeURIComponent(fiUri)}&ps_uri=${encodeURIComponent(psUri)}&ps_gn=${encodeURIComponent(psGn)}&category=${encodeURIComponent(category)}&tc=${encodeURIComponent(tc)}`;\r\n                \r\n                \/\/ Perform the redirect with the updated URL\r\n                window.location.href = newUrl;\r\n            }\r\n        }\r\n    });\r\n});\r\n<\/script>\r\n\r\n  \r\n\n                        \n                    <\/div>\n\n                    <div class=\"text-center\"> <\/div>\n\n                    \n                    \n\n                       <div style=\"display: none\">1687ee58-d261-446b-97c3-825f70d60e4e-<\/div>\n\n\n                    \n\n\n\n\n\n                                            <div class=\"cardPros-text  pros-no-blue-lozenge \">\n                            <style>\r\n.list-1 li {\r\noverflow-wrap: break-word;\r\nwhite-space: normal;\r\npadding-bottom: 10px;\r\n}\r\n  \r\n.pro-engine { \r\nmin-height: 100px;\r\nmargin-top: 15px;\r\n}\r\n  \r\n@media (max-width:1001px) { \r\n.pro-section{\r\n\r\n\r\n}\r\n}\r\n  \r\n@media (max-width:1920px) { \r\n.pro-section{\r\n\r\n\r\n}\r\n}\r\n  \r\n.pro-section-2 {\r\n\r\n}\r\n<\/style>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n<div class=\"pro-section\">\r\n    <ul class=\"list-1 pros-a\" id=\"pros\">\r\n        \r\n            \r\n                 <li>USD, GBP, EUR accounts<\/li>\r\n            \r\n         \r\n            \r\n                 <li>Multi-currency credit card<\/li>\r\n            \r\n         \r\n            \r\n                 <li>Pay bills in 37 currencies<\/li>\r\n            \r\n         \r\n            \r\n                 <li>Avoid FX fees<\/li>\r\n            \r\n         \r\n            \r\n                 <li>For registered Canadian corporations only<\/li>\r\n            \r\n         \r\n    <\/ul>\r\n<\/div>\n                        <\/div>\n                                    <\/div>\n\n                <div style=\"margin-top: 1rem; margin-right: 0.7rem;\">\n                    \n                <\/div>\n            <\/article>\n            <\/div>\n\n    \n<h3>Compare Loop plans<\/h3><p>Check out the table below to compare the key features of Loop\u2019s three pricing plans.<\/p><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: left; width: 40%;\" scope=\"col\"><\/th><th style=\"text-align: left; width: 20%;\" scope=\"col\">Loop Basic<\/th><th style=\"text-align: left; width: 20%;\" scope=\"col\">Loop Plus<\/th><th style=\"text-align: left; width: 20%;\" scope=\"col\">Loop Power<\/th><\/tr><\/thead><tbody class=\"luna-table__body\"><tr><td>Monthly fee<\/td><td>$0<\/td><td>$79<\/td><td>$299<\/td><\/tr><tr><td>USD, EUR and GBP accounts<\/td><td>Free<\/td><td>Free<\/td><td>Free<\/td><\/tr><tr><td>Account deposits<\/td><td>Free<\/td><td>Free<\/td><td>Free<\/td><\/tr><tr><td>Minimum deposit<\/td><td>$0<\/td><td>$0<\/td><td>$0<\/td><\/tr><tr><td>Account fees<\/td><td>$0<\/td><td>$0<\/td><td>$0<\/td><\/tr><tr><td>International wire transfer fees<\/td><td>$0<\/td><td>$0<\/td><td>$0<\/td><\/tr><tr><td>Supported currencies<\/td><td>37<\/td><td>37<\/td><td>37<\/td><\/tr><tr><td>Request payments (billing) processing fee<\/td><td>0.5% + $1<\/td><td>0.25% + $1<\/td><td>Lower of $10 or 0.1%<\/td><\/tr><tr><td>Currency conversion fee<\/td><td>0.5%<\/td><td>0.25%<\/td><td>0.10%<\/td><\/tr><tr><td>Loop card FX fees<\/td><td>0% on CAD, GBP, USD and EUR<\/td><td>0% on CAD, GBP, USD and EUR<\/td><td>0% on CAD, GBP, USD and EUR<\/td><\/tr><tr><td>Physical Loop cards<\/td><td>2 free cards<br>($5 thereafter)<\/td><td>10 free cards<br>($5 thereafter)<\/td><td>50 free cards<br>($5 thereafter)<\/td><\/tr><tr><td>Virtual Loop cards<\/td><td>20<\/td><td>Unlimited<\/td><td>Unlimited<\/td><\/tr><tr><td>Loop points earn rate<\/td><td>1 point per $1 spent<\/td><td>2 points per $1 spent<\/td><td>2 points per $1 spent<\/td><\/tr><\/tbody><\/table><h3>Is Loop legit?<\/h3><p>Loop Financial was originally known as Lending Loop. Founded in 2015, Loop is a Toronto-based fintech that offers cross-border banking solutions. It is registered as a Money Services Business with FINTRAC, and also says it uses 24\/7 fraud monitoring and AI detection to detect suspicious account activity.<\/p><p>Loop keeps client funds in accounts that are separate to its own. Deposits you make to the Loop US Dollar Account are insured by the Federal Deposit Insurance Corporation.<\/p><h3>What should I know before I apply?<\/h3><p>In its terms and conditions, Loop Canada says you will need to provide a range of company and personal data to open an account. Company data will include:<\/p><ul><li>Operational information<\/li><li>Registered business name<\/li><li>Business address<\/li><li>Ownership details<\/li><li>The nature of the business<\/li><li>Details of linked accounts<\/li><\/ul><p>The personal information you\u2019ll need to provide includes the names, dates of birth and contact details of account users, company directors or beneficial owners.<\/p><p>You\u2019ll also need to be the age of majority in your province or territory.<\/p><h3>How do I open a Loop account?<\/h3><p>It\u2019s free to open a Loop account online. Here\u2019s how:<\/p><ol><li>Navigate to the Loop website and click \u201cOpen Account\u201d.<\/li><li>Enter your name, business name and work email address before creating a password.<\/li><li>Provide the personal and company information as specified above.<\/li><li>Submit your application.<\/li><\/ol><h3>Bottom line<\/h3><p>If your business operates in Canada and internationally, Loop offers a competitive alternative to business banking products from major banks. With its multi-currency accounts and credit cards, it makes it easy and affordable to send and receive international payments. Just make sure you\u2019re aware of any fees that apply, and <a href=\"https:\/\/www.finder.com\/ca\/banking\/business-banking\">compare a range of business bank accounts<\/a> to find the right solution for your business.<\/p><ul class=\"luna-accordionGroup accordionGroup\">\n\t<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000000\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000000\">\n                <span class=\"luna-accordion__title\">Does Loop offer a business credit card?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000000\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Yes. The Loop card is a multi-currency card that allows you to spend in CAD, USD, GBP and EUR. The card has no annual fee, there's no minimum spend requirement, and you can earn reward points on every dollar you spend.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000001\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000001\">\n                <span class=\"luna-accordion__title\">Does the Loop card charge foreign exchange fees?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000001\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>There are no foreign exchange fees if you make a purchase in a currency enabled on your card (USD, GBP or EUR). However, for purchases in other currencies, a foreign exchange fee of 0.1% to 0.5% applies depending on the account plan you choose.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000002\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000002\">\n                <span class=\"luna-accordion__title\">Where can I use my Loop card?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000002\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>The Loop card can be used anywhere that Visa is accepted.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000003\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000003\">\n                <span class=\"luna-accordion__title\">How much does it cost to open a Loop multi-currency account?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000003\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>It's free to open US, UK and EU accounts with Loop. You can apply completely online by filling out a simple application form.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000004\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000004\">\n                <span class=\"luna-accordion__title\">How long does it take to send an international payment from a Loop account?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000004\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Loop says the money you send will arrive in the payee's bank account within one business day.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000005\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000005\">\n                <span class=\"luna-accordion__title\">I want to borrow money from Loop. How much capital can I access?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000005\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>The amount you can borrow depends on the type of financing you apply for. If you opt for an inventory-secured line of credit, amounts of up to $1 million are available. Alternatively, you can access up to 70% of the purchase order with purchase order financing, or 90% of the invoice amount with invoice financing.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Your detailed review of the business banking products offered by Loop.<\/p>\n","protected":false},"author":516,"featured_media":1025054,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"nicheCode":"","productId":"","enableOptimizely":false,"_persistent_nav_menu_items":[],"blockTemplateId":"","_post_hreflang":"","related_url":"\/loop-canada-review","workflow-intro":"","workflow-faq":"","workflow-conclusion":"","workflow-benefits":"","workflow-overview":"","workflow-test":"","footnotes":""},"categories":[99409],"tags":[],"asset_tag":[],"class_list":["post-1025046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-banking"],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Loop Review: Business Banking | Finder Canada<\/title>\n<meta name=\"description\" content=\"Read the Loop review to find out if Loop is the right business banking solution and learn about the features, fees and eligibility criteria.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Loop Canada review\" \/>\n<meta property=\"og:description\" content=\"Read the Loop review to find out if Loop is the right business banking solution and learn about the features, fees and eligibility criteria.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review\" \/>\n<meta property=\"og:site_name\" content=\"Finder Canada\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-05T20:58:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2023\/10\/LoopFinancial_Supplied_250x250.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"250\" \/>\n\t<meta property=\"og:image:height\" content=\"252\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tim Falk\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tim Falk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review\"},\"author\":{\"name\":\"Tim Falk\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/e84372ad54f89a7447d88eab25817464\"},\"headline\":\"Loop Canada review\",\"datePublished\":\"2023-10-05T20:58:13+00:00\",\"dateModified\":\"2023-10-05T16:58:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review\"},\"wordCount\":1284,\"publisher\":{\"@id\":\"https:\/\/www.finder.com\/ca\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2023\/10\/LoopFinancial_Supplied_250x250.jpg\",\"articleSection\":[\"Business Banking\"],\"inLanguage\":{\"@type\":\"Language\",\"name\":\"English\",\"alternateName\":\"en\"},\"editor\":{\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/6c63e632a66b450c8cfd2d8d3bb54ac7\"},\"commentCount\":0},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review\",\"url\":\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review\",\"name\":\"Loop Review: Business Banking | Finder Canada\",\"isPartOf\":{\"@id\":\"https:\/\/www.finder.com\/ca\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2023\/10\/LoopFinancial_Supplied_250x250.jpg\",\"datePublished\":\"2023-10-05T20:58:13+00:00\",\"dateModified\":\"2023-10-05T16:58:15+00:00\",\"description\":\"Read the Loop review to find out if Loop is the right business banking solution and learn about the features, fees and eligibility criteria.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review#primaryimage\",\"url\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2023\/10\/LoopFinancial_Supplied_250x250.jpg\",\"contentUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2023\/10\/LoopFinancial_Supplied_250x250.jpg\",\"width\":250,\"height\":252},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"CA\",\"item\":\"https:\/\/www.finder.com\/ca\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Banking\",\"item\":\"https:\/\/www.finder.com\/ca\/banking\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Business Banking\",\"item\":\"https:\/\/www.finder.com\/ca\/banking\/business-banking\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Loop Canada review\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.finder.com\/ca\/#website\",\"url\":\"https:\/\/www.finder.com\/ca\/\",\"name\":\"Finder Canada\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.finder.com\/ca\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.finder.com\/ca\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.finder.com\/ca\/#organization\",\"name\":\"Finder\",\"url\":\"https:\/\/www.finder.com\/ca\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/05\/Finder-Logo-696x696-1.png\",\"contentUrl\":\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/05\/Finder-Logo-696x696-1.png\",\"width\":1392,\"height\":1392,\"caption\":\"Finder\"},\"image\":{\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/en.wikipedia.org\/wiki\/Finder_(website)\"],\"description\":\"Every month more than 2 million unique visitors turn to Finder to save money and time, and to make important life choices. We compare everything from bank accounts, personal loans, investing platforms and much more.\",\"email\":\"heythere@finder.com\",\"legalName\":\"Finder\",\"foundingDate\":\"2006-01-01\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"51\",\"maxValue\":\"200\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/e84372ad54f89a7447d88eab25817464\",\"name\":\"Tim Falk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/11\/TimFalkF1_Finder_600x600.png\",\"contentUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/11\/TimFalkF1_Finder_600x600.png\",\"caption\":\"Tim Falk\"},\"description\":\"Tim Falk is a freelance writer for Finder. Over the course of his 20-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he\u2019s not staring at his computer, you can usually find him exploring the great outdoors.\",\"url\":\"https:\/\/www.finder.com\/ca\/author\/timfalk\",\"jobTitle\":\"Writer\",\"knowsAbout\":[{\"@type\":\"Thing\",\"name\":\"Banking\"},{\"@type\":\"Thing\",\"name\":\"Personal Loans\"},{\"@type\":\"Thing\",\"name\":\"Car Loans\"},{\"@type\":\"Thing\",\"name\":\"Stock Trading\"},{\"@type\":\"Thing\",\"name\":\"Cryptocurrency\"}],\"sameAs\":[],\"worksFor\":{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.finder.com\/ca\/#organization\",\"name\":\"Finder\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/6c63e632a66b450c8cfd2d8d3bb54ac7\",\"name\":\"Romana King\",\"description\":\"Romana King was the Canada group editor at Finder and a personal finance expert. As an award-winning personal finance writer and real estate expert, she has spent almost two decades helping Canadians make smarter money management decisions. Her first book, <em>House Poor No More: 9 Steps That Grow the Value of Your Home and Net Worth<\/em>, launched in November 2021, continues to be an Amazon bestseller and won the Excellence in Financial Journalism Book Award in 2022.\",\"jobTitle\":\"Group Editor | Personal finance expert\",\"url\":\"https:\/\/www.finder.com\/ca\/author\/romanaking\",\"sameAs\":[\"https:\/\/twitter.com\/RKHomeowner\",\"https:\/\/www.facebook.com\/RKHomeowner\/\",\"https:\/\/www.romanaking.com\/house-poor-no-more\/\",\"https:\/\/www.amazon.ca\/House-Poor-No-More-Steps\/dp\/1544526288\"],\"knowsAbout\":[{\"@type\":\"Thing\",\"name\":\"Personal Finance\"},{\"@type\":\"Thing\",\"name\":\"Real Estate\"},{\"@type\":\"Thing\",\"name\":\"Estate Planning\"},{\"@type\":\"Thing\",\"name\":\"Insurance\"},{\"@type\":\"Thing\",\"name\":\"Retirement Planning\"},{\"@type\":\"Thing\",\"name\":\"Debt Strategies\"}],\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/image\/\/6c63e632a66b450c8cfd2d8d3bb54ac7\",\"url\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/12\/RomanaKingF1_Finder_600x600.png\",\"contentUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/12\/RomanaKingF1_Finder_600x600.png\",\"caption\":\"Romana King\"},\"worksFor\":{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.finder.com\/ca\/#organization\",\"name\":\"Finder\"}},{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"name\":\"Frequently Asked Questions\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Does Loop offer a business credit card?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rYes. The Loop card is a multi-currency card that allows you to spend in CAD, USD, GBP and EUR. The card has no annual fee, there's no minimum spend requirement, and you can earn reward points on every dollar you spend.\\r\"}},{\"@type\":\"Question\",\"name\":\"Does the Loop card charge foreign exchange fees?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rThere are no foreign exchange fees if you make a purchase in a currency enabled on your card (USD, GBP or EUR). However, for purchases in other currencies, a foreign exchange fee of 0.1% to 0.5% applies depending on the account plan you choose.\\r\"}},{\"@type\":\"Question\",\"name\":\"Where can I use my Loop card?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rThe Loop card can be used anywhere that Visa is accepted.\\r\"}},{\"@type\":\"Question\",\"name\":\"How much does it cost to open a Loop multi-currency account?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rIt's free to open US, UK and EU accounts with Loop. You can apply completely online by filling out a simple application form.\\r\"}},{\"@type\":\"Question\",\"name\":\"How long does it take to send an international payment from a Loop account?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rLoop says the money you send will arrive in the payee's bank account within one business day.\\r\"}},{\"@type\":\"Question\",\"name\":\"I want to borrow money from Loop. How much capital can I access?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rThe amount you can borrow depends on the type of financing you apply for. If you opt for an inventory-secured line of credit, amounts of up to $1 million are available. Alternatively, you can access up to 70% of the purchase order with purchase order financing, or 90% of the invoice amount with invoice financing.\\r\"}}]}]}<\/script>\n<meta property=\"article:modified_time\" content=\"2023-10-05T16:58:15+00:00\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Loop Review: Business Banking | Finder Canada","description":"Read the Loop review to find out if Loop is the right business banking solution and learn about the features, fees and eligibility criteria.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review","og_locale":"en_US","og_type":"article","og_title":"Loop Canada review","og_description":"Read the Loop review to find out if Loop is the right business banking solution and learn about the features, fees and eligibility criteria.","og_url":"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review","og_site_name":"Finder Canada","article_published_time":"2023-10-05T20:58:13+00:00","og_image":[{"width":250,"height":252,"url":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2023\/10\/LoopFinancial_Supplied_250x250.jpg","type":"image\/jpeg"}],"author":"Tim Falk","twitter_misc":{"Written by":"Tim Falk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review#article","isPartOf":{"@id":"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review"},"author":{"name":"Tim Falk","@id":"https:\/\/www.finder.com\/ca\/#\/schema\/person\/e84372ad54f89a7447d88eab25817464"},"headline":"Loop Canada review","datePublished":"2023-10-05T20:58:13+00:00","dateModified":"2023-10-05T16:58:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review"},"wordCount":1284,"publisher":{"@id":"https:\/\/www.finder.com\/ca\/#organization"},"image":{"@id":"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review#primaryimage"},"thumbnailUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2023\/10\/LoopFinancial_Supplied_250x250.jpg","articleSection":["Business Banking"],"inLanguage":{"@type":"Language","name":"English","alternateName":"en"},"editor":{"@id":"https:\/\/www.finder.com\/ca\/#\/schema\/person\/6c63e632a66b450c8cfd2d8d3bb54ac7"},"commentCount":0},{"@type":"WebPage","@id":"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review","url":"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review","name":"Loop Review: Business Banking | Finder Canada","isPartOf":{"@id":"https:\/\/www.finder.com\/ca\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review#primaryimage"},"image":{"@id":"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review#primaryimage"},"thumbnailUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2023\/10\/LoopFinancial_Supplied_250x250.jpg","datePublished":"2023-10-05T20:58:13+00:00","dateModified":"2023-10-05T16:58:15+00:00","description":"Read the Loop review to find out if Loop is the right business banking solution and learn about the features, fees and eligibility criteria.","breadcrumb":{"@id":"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review#primaryimage","url":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2023\/10\/LoopFinancial_Supplied_250x250.jpg","contentUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2023\/10\/LoopFinancial_Supplied_250x250.jpg","width":250,"height":252},{"@type":"BreadcrumbList","@id":"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"CA","item":"https:\/\/www.finder.com\/ca\/"},{"@type":"ListItem","position":2,"name":"Banking","item":"https:\/\/www.finder.com\/ca\/banking"},{"@type":"ListItem","position":3,"name":"Business Banking","item":"https:\/\/www.finder.com\/ca\/banking\/business-banking"},{"@type":"ListItem","position":4,"name":"Loop Canada review"}]},{"@type":"WebSite","@id":"https:\/\/www.finder.com\/ca\/#website","url":"https:\/\/www.finder.com\/ca\/","name":"Finder Canada","description":"","publisher":{"@id":"https:\/\/www.finder.com\/ca\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.finder.com\/ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.finder.com\/ca\/#organization","name":"Finder","url":"https:\/\/www.finder.com\/ca\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.finder.com\/ca\/#\/schema\/logo\/image\/","url":"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/05\/Finder-Logo-696x696-1.png","contentUrl":"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/05\/Finder-Logo-696x696-1.png","width":1392,"height":1392,"caption":"Finder"},"image":{"@id":"https:\/\/www.finder.com\/ca\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/en.wikipedia.org\/wiki\/Finder_(website)"],"description":"Every month more than 2 million unique visitors turn to Finder to save money and time, and to make important life choices. We compare everything from bank accounts, personal loans, investing platforms and much more.","email":"heythere@finder.com","legalName":"Finder","foundingDate":"2006-01-01","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"51","maxValue":"200"}},{"@type":"Person","@id":"https:\/\/www.finder.com\/ca\/#\/schema\/person\/e84372ad54f89a7447d88eab25817464","name":"Tim Falk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.finder.com\/ca\/#\/schema\/person\/image\/","url":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/11\/TimFalkF1_Finder_600x600.png","contentUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/11\/TimFalkF1_Finder_600x600.png","caption":"Tim Falk"},"description":"Tim Falk is a freelance writer for Finder. Over the course of his 20-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he\u2019s not staring at his computer, you can usually find him exploring the great outdoors.","url":"https:\/\/www.finder.com\/ca\/author\/timfalk","jobTitle":"Writer","knowsAbout":[{"@type":"Thing","name":"Banking"},{"@type":"Thing","name":"Personal Loans"},{"@type":"Thing","name":"Car Loans"},{"@type":"Thing","name":"Stock Trading"},{"@type":"Thing","name":"Cryptocurrency"}],"sameAs":[],"worksFor":{"@type":"Organization","@id":"https:\/\/www.finder.com\/ca\/#organization","name":"Finder"}},{"@type":"Person","@id":"https:\/\/www.finder.com\/ca\/#\/schema\/person\/6c63e632a66b450c8cfd2d8d3bb54ac7","name":"Romana King","description":"Romana King was the Canada group editor at Finder and a personal finance expert. As an award-winning personal finance writer and real estate expert, she has spent almost two decades helping Canadians make smarter money management decisions. Her first book, <em>House Poor No More: 9 Steps That Grow the Value of Your Home and Net Worth<\/em>, launched in November 2021, continues to be an Amazon bestseller and won the Excellence in Financial Journalism Book Award in 2022.","jobTitle":"Group Editor | Personal finance expert","url":"https:\/\/www.finder.com\/ca\/author\/romanaking","sameAs":["https:\/\/twitter.com\/RKHomeowner","https:\/\/www.facebook.com\/RKHomeowner\/","https:\/\/www.romanaking.com\/house-poor-no-more\/","https:\/\/www.amazon.ca\/House-Poor-No-More-Steps\/dp\/1544526288"],"knowsAbout":[{"@type":"Thing","name":"Personal Finance"},{"@type":"Thing","name":"Real Estate"},{"@type":"Thing","name":"Estate Planning"},{"@type":"Thing","name":"Insurance"},{"@type":"Thing","name":"Retirement Planning"},{"@type":"Thing","name":"Debt Strategies"}],"image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.finder.com\/ca\/#\/schema\/person\/image\/\/6c63e632a66b450c8cfd2d8d3bb54ac7","url":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/12\/RomanaKingF1_Finder_600x600.png","contentUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/12\/RomanaKingF1_Finder_600x600.png","caption":"Romana King"},"worksFor":{"@type":"Organization","@id":"https:\/\/www.finder.com\/ca\/#organization","name":"Finder"}},{"@context":"https:\/\/schema.org","@type":"FAQPage","name":"Frequently Asked Questions","mainEntity":[{"@type":"Question","name":"Does Loop offer a business credit card?","acceptedAnswer":{"@type":"Answer","text":"\rYes. The Loop card is a multi-currency card that allows you to spend in CAD, USD, GBP and EUR. The card has no annual fee, there's no minimum spend requirement, and you can earn reward points on every dollar you spend.\r"}},{"@type":"Question","name":"Does the Loop card charge foreign exchange fees?","acceptedAnswer":{"@type":"Answer","text":"\rThere are no foreign exchange fees if you make a purchase in a currency enabled on your card (USD, GBP or EUR). However, for purchases in other currencies, a foreign exchange fee of 0.1% to 0.5% applies depending on the account plan you choose.\r"}},{"@type":"Question","name":"Where can I use my Loop card?","acceptedAnswer":{"@type":"Answer","text":"\rThe Loop card can be used anywhere that Visa is accepted.\r"}},{"@type":"Question","name":"How much does it cost to open a Loop multi-currency account?","acceptedAnswer":{"@type":"Answer","text":"\rIt's free to open US, UK and EU accounts with Loop. You can apply completely online by filling out a simple application form.\r"}},{"@type":"Question","name":"How long does it take to send an international payment from a Loop account?","acceptedAnswer":{"@type":"Answer","text":"\rLoop says the money you send will arrive in the payee's bank account within one business day.\r"}},{"@type":"Question","name":"I want to borrow money from Loop. How much capital can I access?","acceptedAnswer":{"@type":"Answer","text":"\rThe amount you can borrow depends on the type of financing you apply for. If you opt for an inventory-secured line of credit, amounts of up to $1 million are available. Alternatively, you can access up to 70% of the purchase order with purchase order financing, or 90% of the invoice amount with invoice financing.\r"}}]}]},"article_modified_time":"2023-10-05T16:58:15+00:00"},"hrefLangLinks":[{"region":"Canada","locale":"en-ca","url":"https:\/\/www.finder.com\/ca\/banking\/business-banking\/loop-canada-review","isCurrentSite":true}],"custom_fields":{"_masthead_variant":["{\"id\":\"standard-blue\",\"showFeaturedImage\":false,\"presetId\":\"\",\"shouldUsePrimaryCTAFieldName\":false,\"shouldUseSecondaryCTAFieldName\":false,\"primaryCTA\":null,\"secondaryCTA\":null,\"widgetShortcode\":\"\",\"widgetHeading\":\"\",\"widgetStats\":\"\",\"hasPrioritizedWidget\":false,\"hasMaximizedWidget\":false,\"shouldUseOverrideCTALabel\":false,\"overrideCTA\":null,\"cleanTopPicks\":\"\",\"tilesMenuId\":\"\"}"],"_masthead_subheading":["{\"text\":\"Multi-currency accounts and corporate credit cards to manage your global business banking needs.\"}"],"_content_type":["niche-content\/recommendation\/product-review"],"custom_post_template":["single-product-review.php"]},"amp_enabled":false,"_links":{"self":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/posts\/1025046"}],"collection":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/users\/516"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/comments?post=1025046"}],"version-history":[{"count":5,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/posts\/1025046\/revisions"}],"predecessor-version":[{"id":1070902,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/posts\/1025046\/revisions\/1070902"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/media\/1025054"}],"wp:attachment":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/media?parent=1025046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/categories?post=1025046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/tags?post=1025046"},{"taxonomy":"asset_tag","embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/asset_tag?post=1025046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}