Access FX rates only available to the Fortune 500

Businesses are saving $40k+ annually when switching from traditional banks

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Up to 80% cheaper than traditional banks

Compare Loop with banks and other major FX providers to see how much you could be saving.
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Instantly convert in 37 currencies

Send payments around the world at lightning speed with fast, simple and cheap FX conversions.
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Rates get even lower as you grow

With Loop's tailored business plans, you can access FX rates typically only provided to Fortune 500 companies.
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Loop Basic: 0.50% FX
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Loop Plus: 0.25% FX
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Loop Power: 0.10% FX
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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.

Upgrade to lock in the best rates

Don’t waste much needed cash on traditional banking fees. Take your money further with Loop

Free

$0/mo

Basic features to get you started as an international business.
Start Free
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0.50% FX Fee
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Earn 1x points on Card Spend
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Free USD, EUR and GBP Accounts
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Free International Payments
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Unlimited Team Members
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20 Virtual Cards
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ACH/EFT billing at 0.5%
Loop Plus

$49/mo

Includes all free features plus lower fees and higher rewards.
Get Started
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Discounted 0.25% FX fee
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Earn 2x points on Card spend
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Unlimited virtual cards
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10 free physical cards
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Instant payment clearing
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ACH/EFT billing at 0.25%
Loop Power

$199/mo

For Power users. Includes everything in the Plus plan and more.
Get Started
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Market-leading 0.1% FX fee
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Custom rewards
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Dedicated concierge
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ACH/EFT billing capped at $10

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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Frequently Asked Questions

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.


How do I pay my balance back in foreign currencies?

You will be able to see multiple balances outstanding on your Loop dashboard (one for each currency). If you have Canadian-based foreign currency accounts (eg. a USD at a Canadian bank), you can then transfer against the outstanding balance of each currency directly from your bank account to your Loop Card balance at the end of your billing period.


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.


What are the FX fees?

We have eliminated as many fees as possible to keep things as simple as possible for you. Card transactions that match any of the currencies enabled on your card don’t result in any FX and therefore are completely free. If you spend in a currency that is not enabled on your Loop card the FX fee will be the Mastercard® rate plus a 0.1% - 0.5% markup depending on your Loop subscription plan.

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 decide to convert money from your CAD account into the currencies you owe. If you need to do this, Loop offers low-cost FX conversion with only a 0.1% - 0.5% mark-up (depending on your Loop subscription plan). Most banks charge a 3-4% markup on average.

In most cases, Loop's FX rates are even better than online FX service providers like Transferwise and OFX. When you need to exchange currencies, doing your FX through your Loop Card significantly saves businesses both time and money.


How many cards can I get?

Free users will get up to 20 virtual cards and up to 2 physical cards. Loop Plus and Power users will get unlimited virtual cards and up to 10 physical cards. Loop Cards should be used only for their intended purposes, such as making online purchases, paying bills, paying for advertising or managing subscription services. If you have any questions about our fair use policy or any other limitations on virtual card creation on our platform, please contact our customer support for further assistance.

Case Studies

Loop is saving clients
$40k per year

See how Loop is helping businesses accelerate their business, while maximizing much needed cashflow.
View All Case Studies