Venn · Fintech accounts
Venn Business Account review
Venn is a Canadian business account that holds CAD, USD, GBP and EUR and converts between them from 0.45% on the free Essentials plan, 0.35% on Plus and 0.25% on Pro. It also comes with corporate cards that pay 1% cashback.
Who Venn is best for
Canadian businesses converting CAD, USD, GBP and EUR and companies wanting accounts and cards in one place.
Businesses needing many currencies or hedging.
Venn is a Canadian business account that holds CAD, USD, GBP and EUR and converts between them from 0.45% on the free Essentials plan, 0.35% on Plus and 0.25% on Pro. It also comes with corporate cards that pay 1% cashback.
It covers only four currencies and doesn’t offer hedging, so it’s best for Canadian businesses whose foreign currency needs are mainly USD, GBP and EUR.
Fees, features and eligibility
| FX margin | 0.45% on Essentials, 0.35% on Plus, 0.25% on Pro |
|---|---|
| Fees | C$0 (Essentials); C$40 (Plus); C$100 (Pro) |
| Provider type | Fintech account |
| Currencies | CAD, USD, GBP and EUR |
| Who can use it | Incorporated Canadian businesses |
Source: Venn published product information.
What stands out
Pros
- Conversions from 0.25%
- Free Essentials plan
- Accounts and cards together
Cons
- Only four currencies
- No hedging
Venn: common questions
What does Venn charge to convert currencies?
0.45% on Essentials, 0.35% on Plus and 0.25% on Pro.
Which currencies can Venn hold?
CAD, USD, GBP and EUR.
Who can open a Venn account?
Incorporated Canadian businesses.
Used Venn? Help other businesses choose.
