Skip to content
banxta

Loop

Loop: industries it takes by its own published rules: iGaming, with conditions; Adult, with conditions; AI and SaaS, with conditions; Forex and CFD, with conditions; Marketplace, with conditions. Last verified October 17, 2026.

Licensee
Loop Payments Inc. · money services business registered with FINTRAC (M22489771) and, by its own statement, supervised by the Bank of Canada as a payment service provider under the RPAA · platform by Loop Financial Inc. · USD business accounts issued by Lincoln Savings Bank, Member FDIC (FDIC cert 14207) · Loop Global Visa Card issued by Equitable Bank
Regulator
FINTRAC (Money Services Business Registry) ·

Where it takes companies from

Its own list of countries, quoted below with its source and date

Products it publishes

International payments and FXSays it offers this

Send payments to over 180 countries in 25 currencies

Loop · International payments and FX · Offers it · · Source

Competitive FX Rates

Loop · International payments and FX · Offers it · · Source
Company cardsSays it offers this

Canada's first no fee multi-currency credit card that saves everytime you spend.

Loop · Company cards · Offers it · · Source

Free users will get up to 20 virtual cards and up to 2 physical cards.

Loop · Company cards · Offers it · · Source

Does not say it offers: Accepting card payments, Bulk payouts, Virtual accounts for your customers, Crypto on- and off-ramp, Safeguarding account, Client money account, Escrow

As its own pages say it, each quote with the date we read it. A product it does not mention is never shown as one it does not offer.

Currencies it holds

Holds EURa balance; account details of its own on the local payment system

Open local accounts in USD, GBP and EUR so you can pay, and get paid locally.

Loop · EUR · · SourceThis quote speaks to: a balance; account details
Holds GBPa balance; account details of its own on the local payment system

Open local accounts in USD, GBP and EUR so you can pay, and get paid locally.

Loop · GBP · · SourceThis quote speaks to: a balance; account details
Holds USDa balance; account details of its own on the local payment system

Open local accounts in USD, GBP and EUR so you can pay, and get paid locally.

Loop · USD · · SourceThis quote speaks to: a balance; account details

Get an account and routing number. Bank like a local US business with a US domiciled account.

Loop · USD · · SourceThis quote speaks to: account details
Holds CADa balance; account details of its own on the local payment system

Get a Canadian Institution Number, Transit Number, and Account Number — allowing you to send and receive local payments seamlessly.

Loop · CAD · · SourceThis quote speaks to: account details

Open CAD, USD*, EUR and GBP bank accounts.

Loop · CAD · · SourceThis quote speaks to: a balance

Does not say it holds: SGD, HKD, AUD

Only currencies its own pages name, each quote with the date we read it. A currency it does not mention is never shown as one it does not hold.

Policy by industry

Loop: published policy by industry
IndustryStatusChecked
iGamingWith conditions
AdultWith conditions
AI and SaaSWith conditions
Forex and CFDWith conditions
MarketplaceWith conditions
CryptoNo
Unlicensed financial servicesNo

Has this rule changed? Tell us

Alternatives to Loop

Fees

Loop: published fees
PlanAccount openingMonthlyChecked
Loop BasicFree to open ('Opening a multi-currency account with Loop is completely free')Free ('Get started with our free plan') · Source
Loop PlusFree to open ('Opening a multi-currency account with Loop is completely free')CAD 79 a month · Source
Loop PowerFree to open ('Opening a multi-currency account with Loop is completely free')CAD 299 a month · Source

Fees of every provider

Closing an account

Loop Payments may terminate this Agreement, or suspend the Account, Payment Loading Methods or Payment Services for any reason whatsoever and at any time at its sole discretion, without notice and without liability to you

Notice before closing · · Source

Account closed or frozen? What Loop’s terms say

Rules about countries

Loop Accounts are currently available only to registered Canadian businesses.

Loop · Takes companies registered in · · Source

Canada

What we read

Help pages on particular industries
Read · support.bankonloop.com/en/articles/1255…