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.
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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
$1.50 each (10 free)
$1.50 each
Varies by plan
$1.50 each
RETURN ON YOUR MONEY
Interest on CAD balance
2.00%
Less than 0.1%
Less than 0.1%
Less than 0.1%
Less than 0.1%
Interest on USD balance
2.00%
None
None
None
None
Cashback on card spend
1% unlimited
1%, $650 cap
0.5% unlimited
0.75% unlimited
Category-dependent
OPENING AN ACCOUNT
Time to open
Under 5 minutes
Days to weeks
Days to weeks
Days to weeks
Days to weeks
Branch visit required
No
Yes
Yes
Yes
Yes
INTERNATIONAL
FX rate on foreign spend
From 0.25%
2.5% to 3%
2.5% to 3%
2.5% to 3%
2.5% to 3%
Multi-currency accounts
CAD, USD, GBP, EUR
CAD and USD
CAD and USD
CAD and USD
CAD only
SAFETY
CDIC protection on CAD & USD balances
Yes
Yes
Yes
Yes
Yes
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 meaningless points, and 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.
Join 10,000+ Canadian businesses that are saving millions of dollars today
Open a free accountBuilt in Canada, for Canadians
Frequently asked questions
Everything you need to know about the product and billing.
Stop paying your bank to move your own money
Join 10,000+ Canadian businesses already saving thousands on international payments every year.