Traditional Providers
Open a Canadian Dollar Business Account
Open a CAD business account and operate across Canada with confidence. Get local Canadian account details with access to EFT and SWIFT. Send, receive, and hold CAD with clear control over every transaction.
Reduce FX friction and simplify international transfers
Canadian account details in your company’s name
Access Canadian payment rails for domestic payments
Suitable for international operations, non-resident directors, and multi-jurisdictional ownership
Canadian Dollar
Currency name
CAD
ISO code
$
Currency symbol
What’s Included with
Your Canadian Dollar Business Account
A dedicated CAD account embeds your operations into Canada’s domestic rails, reduces friction with Canadian counterparties, and puts FX timing under treasury policy rather than circumstance.
Key Benefits
Account in your company’s name with Canadian institution number, transit (branch) number, and account number.
Domestic rails enabled: Low-cost same-day or next-day EFT transfers.
International reach via SWIFT for cross-border CAD payments.
Treasury tools to receive, hold, convert, and send CAD under clear policy and audit.
The Risk of Not Having a Canadian Dollar Business Account
Operating in CAD without a dedicated account exposes your business to unnecessary costs, friction, and credibility gaps with Canadian partners.
FX erosion:
Repeated, unplanned conversions compress margins.
Payment delays:
SWIFT-only routes add intermediaries, days, and fees.
Counterparty friction:
Local partners prefer CAD transfers to domestic accounts.
Compliance challenges:
Paying taxes and payroll without a CAD account can be impractical.
Who We Serve
Our CAD Business Accounts Are Designed for
We support a wide range of internationally minded businesses. From fast-growing companies expanding into Canada to established global organisations managing complex operations.
Global Corporates
Centralise CAD receivables, fund suppliers and payroll, and align CAD costs with CAD revenues for cleaner margins.
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Funds & Institutions
Manage capital calls and distributions in CAD with role-based approvals and clear audit trails.
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Private Equity
Efficient CAD flows for deals, fees, and SPV/holdco structures with policy-driven FX.
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Family Offices
Discreet CAD management for assets, commitments, and inter-entity transfers under tight permissions.
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The All-in-One Platform
Banq Global vs. Traditional Providers
Open business accounts (20+ countries)
Open multi-currency accounts (30+ currencies)
Preferential exchange rates (130+ currencies)
Receive global payments (190+ countries)
Make global payments (190+ countries)
Currency risk management
Mass payments
Trade finance
All-in-one platform
Dedicated relationship manager
Business Account - Step by Step
How to Open a Canadian Dollar Business Account
A clear, expert-led process that reduces rework, shortens decision time, and maintains certainty.
01
Scoping & Fit
We review your structure, directors, UBOs, and CAD flows to confirm feasibility and align the account with your treasury needs.
02
Document Pack
A precise, tailored checklist for your entity type and structure, minimising rounds of clarification.
03
Compliance Review
Disciplined AML/KYC due diligence with prompt Q&A and clear status visibility.
04
Account Issuance
Your CAD account is opened in your company’s name with Canadian institution, transit, and account numbers, and SWIFT enablement.
05
Go-Live & Controls
Users, roles, approvals, payment templates, and FX policy (including market orders) configured to your standards.
Canadian Dollar Business Account - FAQs
Opening a CAD account raises questions on eligibility, payment rails, non-resident onboarding, and compliance. Below are answers to the questions global finance teams ask most often.