Venn · Fintechs and neobanks
Venn Business Account review
Venn combines local CAD, USD, GBP and EUR accounts with low-cost currency conversion and corporate cards that pay 1% cashback. The Essentials plan is free, and paid plans lower the conversion fee to as little as 0.25%.
Who Venn is best for
Canadian startups paying or getting paid in USD and companies wanting accounts and cards together.
Sole proprietors.
Venn combines local CAD, USD, GBP and EUR accounts with low-cost currency conversion and corporate cards that pay 1% cashback. The Essentials plan is free, and paid plans lower the conversion fee to as little as 0.25%. It’s built for Canadian startups and growing companies that deal in more than one currency.
Fees, features and eligibility
| Monthly fee | C$0 (Essentials); C$40 (Plus); C$100 (Pro) |
|---|---|
| FX and international | Conversions 0.45% on Essentials, 0.35% on Plus, 0.25% on Pro |
| Account type | Fintech account |
| Currencies | CAD, USD, GBP and EUR |
| Who can open it | Incorporated Canadian businesses |
Source: Venn published product information.
What stands out
Pros
- Free Essentials plan
- Four local currency accounts
- Corporate cards with 1% cashback
Cons
- Incorporated businesses only
Venn: common questions
Does Venn charge a monthly fee?
The Essentials plan is C$0. Plus is C$40 and Pro is C$100 a month.
Which currencies can Venn hold?
CAD, USD, GBP and EUR, as local accounts.
Who can open a Venn account?
Incorporated Canadian businesses.
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