Venn vs.
Scotiabank
Venn offers better rates and modern banking—all online.
Scotiabank offers traditional banking, but Venn is built for modern businesses - no monthly fees, competitive FX rates (0.25% vs 2%+), 1% cashback, and multi-currency accounts designed to help you save. Switch to a smarter business banking solution today and get started for free.
4.8
trusted by 4,000+ Canadian businesses
Supporting Canadian companies
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Banking that actually works for Canadian businesses
Send, spend, and save—Venn provides smarter business banking for Canadians
Free Multi-Currency Accounts for Your Business
Set up accounts in CAD, USD, GBP and EUR in minutes. Send local payments (e.g., EFT, ACH) for free.
Competitive FX Rates and Instant Global Payments
Send global transfers to 180+ countries in under 48 hours with the best FX rates.
Corporate Cards for Your Team With Unlimited 1% Cashback
Get 1% cashback on all spend with no minimum requirements. Manage team expenses in one place.
No Hidden Fees, Delays, or Visits to the Branch
Get started in minutes with no account opening fees, no hidden FX markups, and no branch visits.
Physical corporate cards
Venn
Scotiabank
Virtual corporate cards
Venn
Scotiabank
Free accounts with no minimums
Venn
Scotiabank
CAD, USD, GBP & EUR accounts
Venn
Scotiabank
Spend controls
Venn
Scotiabank
Automatic receipt collection
Venn
Scotiabank
Expense management software
Venn
Scotiabank
Simplified Accounting Software Integration
Venn
Scotiabank
Required branch visits
Venn
Scotiabank
Sign up online in 5 minutes
"We live in Europe and had no way of visiting the branch for simple things like creating corporate cards, but Venn has revamped our expense management, allowing us to focus on our clients as we expand to Canada."
— Jasper Beirens
Head of Finance, Alan
Compare Venn vs.
Scotiabank
Multi-currency corporate cards
Vault
Scotiabank
Virtual corporate cards
Vault
Scotiabank
CAD, USD, GBP & EUR accounts
Vault
Scotiabank
Expense management software
Vault
Scotiabank
Spend controls
Vault
Scotiabank
Automated payables
Vault
Scotiabank
Market leading FX
Vault
Scotiabank
Invoicing
Vault
Scotiabank
Built by Canadians for Canadians
Vault
Scotiabank
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Here's what you can get done with Venn in just 7 days
Pay global vendors and employees globally, at rates you can’t beat. Forget about high fees and in-branch visits just to send a $10,000 transfer. Skip the line, join the revolution.
Get StartedGet started.
Sign up for an account in < 5 minutes
Link your account
Let us do the hard work
Get comfortable.
Setup up expense management
Set up approvals and controls
Issue cards to employees
Ask why you didn't switch years ago.
Move 100% of business spend to Venn
Eliminate legacy tools and make your team 5x more efficient
Close your books faster
“Venn's solution clearly differentiates from that of major banks and credit card companies in its speed, cost, and operational simplicity. Venn's product and customer service is substantially ahead of the competition.”
— Tonny Lam
CEO, Hook + Ladder Digital
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Frequently asked questions
Everything you need to know about the product and billing.
Join 4,000+ businesses banking with Venn today
Streamline your business banking and save on your spend and transfers today
No personal credit check or guarantee.
