Best business bank account in Canada

Multi-currency bank account
Hold and receive funds in CAD, USD, GBP and EUR
Corporate Cards
High limit cards with no collateral or credit check
International transfers
Pay domestic or global invoices without going to the branch
Currency Exchange
Exchange between money online at the best rates in Canada
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Best business bank account in Canada

Multi-currency bank account
Hold and receive funds in CAD, USD, GBP and EUR
Corporate Cards
High limit cards with no collateral or credit check
International transfers
Pay domestic or global invoices without going to the branch
Currency Exchange
Exchange between money online at the best rates in Canada
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Partners

Built to help you grow

Pay less for daily banking

Don’t worry about monthly and overdraft fees, or minimum balance requirements

100% online

Banking on any device. Sign up in just a few minutes.

‍

Unlimited transactions

Make unlimited card payments and free wire transfers on your terms
Features

One-stop business banking
that’s right for you.

One-stop business banking
that’s right for you.

Multi-currency Accounts
Bank Transfers
Corporate Cards
Foreign Exchange
Spend Management

Take your business international

Whether you're starting up or scaling up you'll have local CAD, USD, GBP, and EUR accounts. All funds are safeguarded and held at Tier 1 banks.
Get started
SMS Marketing

Tools built to grow your business

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AUTOMATION

Tools built to grow your business

When ourselves, the his in able help let bored avoid neuter. A remember analyzed it someone one the and interfaces mechanic. The voice brown saw we best that proportion no his eyes. And.
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INTELLIGENT

Personalize Your Offers with Behavior Automation

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SEGMENTATION

Tools built to grow your business

When ourselves, the his in able help let bored avoid neuter. A remember analyzed it someone one the and interfaces mechanic. The voice brown saw we best that proportion no his eyes. And.
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Multi-currency Accounts

Take your business international

Whether you're starting up or scaling up you'll have local CAD, USD, GBP, and EUR accounts. All funds are safeguarded and held at Tier 1 banks.
Get started
Dashboard mockup
Global transfers

Domestic or international invoices

Send payments in 36 currencies, without any extra charges, faster. Pay like a local with EFT, ACH, Fedwire, SEPA, and Faster Payments. Even those pesky wires are a breeze.
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Dashboard mockup
Currency Exchange

Manage FX

Save money with market leading rates. Exchange between your accounts or when sending a transfer without having to step foot in a branch.
Get started
Dashboard mockup
Corporate cards

1.5% cashback on card spend

Instant issue virtual cards and physical cards for you and your team. Take control by setting budgets and granular rules on a card level. With Zero Liability Protection, you can spend with peace of mind.
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Dashboard mockup

Why Vault?

Most banks don't work for you. Shift to the finance software that actually does what it claims.
vs
Create an account in 5 minutes online
No hidden fees. No surprises
Access up to 36 different currencies
Domestic/international transfers online
Market leading FX rates
Issue as many physical and virtual cards as you need
Traditional banks
In person account opening required
Complicated fee structure
Only CAD included, extra fees for USD
Transfers only available in person
2.5%-3.5% hidden fees in FX rates
No virtual cards, only 1 physical card per business

Say goodbye to unncessary fees

Bring your business to 2023

Open an account
The Big Banks
Application time
2 weeks
5 mins
Mutli-currency Accounts
CAD and USD only
CAD, USD, GBP, EUR
Domestic Transfers
X
Free
International Wire Transfers
$50-70
Free
Currency Exchange
2.5%+
0.25%
Multi-currency corporate card
X
Virtual cards
X
Cashback
< 0.5%
1.5%
Expense management
X

Don’t just take our word for it

"Really good service. Tired of it being a pain to receive cash in USD, convert and send payments as a Canadian business operating in multiple countries. TryVault was very quick, efficient and transparent. Very happy with the overall service."

Obacom Consulting

Accounting firm in Toronto

"It was very difficult to get an account opened digitally for my small business. Vault’s signup process was quite smooth and they have all the functionality I need available online. Highly recommend if you’re looking for a good digital business bank!"

Saina Brown

Construction Company in Ottawa

"Easy-to-use software, good customer service and great fx rates"

Amir Ali

Importing Company in Vancouver
Support

FAQs

Everything you need to know about the product and billing. Can’t find the answer you’re looking for? Please chat to our team.
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What is Vault?
Vault is the cheapest and easiest way to manage your business banking needs. We offer the best currency exchange rates in Canada, chequing accounts multiple currencies, domestic and international bank transfers, and a corporate Mastercard to manager all your spend.

By signing up to Vault you automatically get:
- Accounts in Canadian dollars, US dollars, British pounds, and Euros
- Cheapest FX rates in Canada
- Free international and domestic transfers (including wire payments)
- A Mastercard Corporate card that gets you the same great FX rates
How does Vault keep my information safe?
Business information
‍We care deeply about information security. All information provided in your application will be kept confidential and secure. We use this information to verify your business to prevent fraud.

‍Bank information
‍We use highly respected vendors (e.g. Plaid) to link to your bank account and ensure the highest level of security. All information is encrypted.
Where is my money held?
All funds are held in Tier 1 financial institutions. These funds are held in safeguarded, segregated accounts. You can view which financial institution is holding your funds through your Accounts page.
Is my Vault account in my name or Vault’s?
Vault provides you with multi-currency accounts in the name of your business. When receiving payments into your accounts, make sure that the sender is making the payment out to your business.

5 minutes and you're in business!

Welcome to better banking
Book a demo
Open an account
© 2023 Vault Payments Inc. All rights reserved

Affiliate of TCCL
‍Payment services for Vault Payments Inc. are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199)

‍Affiliate of TCCI
‍Payment services for Vault Payments Inc. are provided by The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorized in 39 states to transmit money (MSB Registration Number: 31000160311064). Registered Office: 104 5th Avenue, 20th Floor, New York, NY 10011.