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Finance & Banking

How Vault's USD-Domiciled Accounts Save Canadian Companies Money

In today's global economy, Canadian businesses frequently engage in transactions with US companies. One significant challenge they face is receiving USD payments efficiently and cost-effectively. Traditional USD accounts domiciled in Canada often incur high fees, especially when receiving wire transfers. Fortunately, Vault offers a solution that not only simplifies the process but also saves money: USD-domiciled accounts that allow Canadian companies to receive ACH payments for free.

Case Study

Vault Empowers Rug & Weave by Eliminating Currency Conversion Fees

Rug & Weave is a home decor and furniture retailer based in Guelph, Ontario, specializing in vintage rugs, lighting, bedding, and handmade throw pillows. Founded in 2015 by husband and wife Svein and Sarah, the company has quickly grown from a small Etsy shop to a well-established business.

Case Study

Vault empowers CRUEL by eliminating fees on Canadian payments

CRUEL is an independent marketing agency based in Toronto, specializing in unique strategies for direct marketing and brand-building, with client-partners such as Roots, Sports Illustrated, and Marc Jacobs Fragrances. CRUEL has been an emerging name in the marketing landscape since launching in 2013.

Product Guide

How to use multiple accounts for better budgeting

One of the first steps founders take when a Canadian business is setting up a dedicated business checking account.

Case Study

Furniture Dealer Enhances Financial Management by 70% with Vault

Furnishr, a leading player in the furniture industry, found itself grappling with manual and inefficient financial processes as the company expanded its operations.

Case Study

Technology service provider reduces financial management by 60% with Vault

Campfire, a leading technology services company, was facing inefficiencies when it came to their financial operations. With rapid expansion of the business, Campfire's financial infrastructure was not equipped to handle the complexities of their new scale.

FAQS

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Venn Mastercard Charge Card is issued by Peoples Trust Company under licence from Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
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Venn Software Inc. is registered as a money service business with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) under registration number M22941967.

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Venn is currently not available to businesses in Quebec.