10,000+ Canadian businesses chose Venn over the big banks
No monthly fees. 2% interest on your balance. 1% cashback on every card purchase. Open online in 5 minutes — no branch visit.
Know what you pay.
Flat fees and nothing else.
Every fee shown before you confirm. No markups hidden in the rate.
RBC
TD
BMO
SCOTIABANK
FEES
Monthly account fee
$0
$6 to $22
$5 to $125
$0 to $22
$10 to $120
Minimum balance to waive fee
None
$6,000 to $35,000
Varies
Varies
$10,000 to
$40,000
Interac e-Transfer free
0% unlimited
$6 to $22
$5 to $125
$0 to $22
$10 to $120
Venn is a technology company and not a bank or a financial institution.
Venn gives you the same CDIC protection as the big banks. With 2% interest, 1% cashback, and $0 in fees on top.
What you get with Venn that you never got at your bank
Big banks pay near-zero interest on business chequing balances. Venn pays 2% on CAD and USD with no minimums and no tiers.
Every dollar your business spends on the Venn card earns 1% back. No caps, no categories, no minimum spend.
Apply online, get approved the same day, and start using your account immediately.
Pay international suppliers or receive from US customers without the hidden bank markup.
Unlimited virtual and physical cards, custom spending limits per employee, automated receipt matching, and direct sync with QuickBooks and Xero.
See what you are leaving on the table
Enter your average monthly balance and card spend to see how much more you would earn with Venn.
What our customers
are saying
Frequently asked questions
Everything you need to know about the product and billing.
The best business bank account in Canada depends on what your business needs. For most Canadian businesses, Venn offers the strongest combination: $0 monthly fees, 2% interest on CAD and USD balances, 1% cashback on all card spend, free Interac transfers, and CDIC insurance through Bank of Montreal — all in one account you can open online in less than 10 minutes.
Venn is a financial technology company, not a chartered bank. Your account balances are held at Bank of Montreal — a Big 5 bank and CDIC member. Your funds have the same protection as any major Canadian bank, up to $100,000.
Correct. The Essentials plan is $0 per month, forever. There is no minimum balance required. The only costs are the FX rate (from 0.25%) when you convert currencies, and $6 to $10 for international SWIFT wires. ACH, EFT, and Interac transfers are free.
Venn pays 2% annual interest on your CAD and USD balances. Interest is calculated daily on your full balance and deposited monthly. No minimum balance required, no tiers. It starts earning from day one.
Yes. Most businesses open a Venn account alongside their existing bank and gradually move more activity over. You can also use Venn as your only business account. Either way works and the transition takes minutes.
Most businesses are approved the same day. The application takes under 5 minutes online — no branch visit, no paperwork. Once approved, you can fund your account and issue cards the same day.
Yes. Venn syncs directly with QuickBooks and Xero. Transactions are automatically categorised, receipts matched by SMS or email, and your books stay current without manual entry.
Stop paying your bank to move your own money
Join 10,000+ Canadian businesses already saving thousands on international payments every year.




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