Venn · Banks
Venn Business Account review
Venn pays a standard 2% on CAD and USD balances with no minimums or caps, and runs promotional boosts on new balances, currently up to 2.75% CAD and 3.00% USD for 12 months. It’s strongest for businesses that want interest alongside four-currency accounts, cards with cashback and low FX in one place.
Promo · 2.75% CAD and 3.00% USD on new balances for 12 months (up to 3.5% USD over US$1M)
Who Venn is best for
Businesses holding CAD and USD with GBP or EUR too and teams wanting cards with 1% cashback and accounts in one place.
Businesses that need branches or cash deposits.
Venn pays a standard 2% on CAD and USD balances with no minimums or caps, and runs promotional boosts on new balances, currently up to 2.75% CAD and 3.00% USD for 12 months. It’s strongest for businesses that want interest alongside four-currency accounts, cards with cashback and low FX in one place.
Fees, features and eligibility
| Standard interest | 2% standard on CAD and USD |
|---|---|
| Promotional rate | 2.75% CAD / 3.00% USD on new balances for 12 months |
| Fees | C$0 (Essentials) |
| Currencies | CAD, USD, GBP, EUR |
| Access to funds | No lock-ups |
| Deposit protection | CDIC protection on eligible deposits through BMO |
| Eligibility | Incorporated Canadian businesses |
Source: Venn published product information.
What stands out
Pros
- Standard 2% on CAD and USD, no minimums or caps
- Promotional boost on new balances
- CAD, USD, GBP and EUR accounts; GICs from 2.45%
Cons
- Promotional rates apply to new balances only
- Online only
Venn: common questions
What interest does Venn pay?
A standard 2% on CAD and USD balances, with no minimums or caps, plus promotional boosts on new balances when available.
How does Venn’s promotional boost work?
The boosted rate applies to the net-new balance you add during the promotion and lasts 12 months; your existing balance earns the standard 2%.
Are Venn deposits protected?
Venn holds eligible deposits in trust at its partner institution, with CDIC protection through BMO up to C$100,000 per insured category.
Used Venn? Help other businesses choose.
