Open a CAD Account - Canadian Dollar

Opening an account is very simple.

1. Send us your request to open a CAD account through the form on the left or via the account opening form. We will contact you to schedule a phone call to better understand your needs regarding CAD flows.
2. Following this exchange, we will assist you with the administrative formalities to access the services of one of our partners, selected according to your needs. We remain your sole point of contact for the entire client relationship.
3. Once access to the services is validated, you can request the opening of your Canadian Dollar account and any other eligible currency. The banking details of your CAD account are usually provided within minutes, and you can start receiving and making payments in CAD (Canadian Dollar).
4. If your business evolves and you have needs in other currencies, you can request the addition of an account in another currency at any time.

The Canadian Dollar (CAD) account for which we provide you with the details is not a bank account per se because the account-holding institution is not a bank but a partner payment institution. These accounts are labeled in your name, and the IBAN linked to the account is unique. You thus have a guarantee of segregation of your funds in our partners' books. The security guarantees for your funds are similar to those offered by traditional banks. The account can be located in different countries according to your operational needs. Please refer to the page on opening a Canadian Dollar (CAD) account for more information.

It may be useful for your CAD (Canadian Dollar) account to be located in France or, conversely, in another country, depending on your operational needs and the location of your clients. This is why we allow great flexibility in the location of currency accounts. The CAD (Canadian Dollar) account can be located in the following countries:

• France
• Canada
• United Kingdom
• Belgium
• Netherlands

You can consult the updated table of possible locations for CAD (Canadian Dollar) accounts here: account locations

You can use this Canadian Dollar account to receive or store CAD as long as your account is active. You are automatically notified by email each time a Canadian Dollar transfer is received on your CAD account. You can then freely reuse these CAD to make payments in CAD to your suppliers or convert your Canadian Dollars, benefiting from very competitive exchange rates. There is no obligation to move funds on the accounts. 

Foreign currency payment collection systems like Adyen, Stripe, Paypal, Hipay, or internal marketplace systems like Amazon Pay are widely used by companies conducting international transactions. These systems are efficient, but if you do not have an account in the collected foreign currency, your revenues in that currency are automatically converted to euros at often very unfavorable exchange rates, and even when you have a bank account in the collected currency, this account often needs to be located in the country where the sale takes place, which can be complicated with a traditional bank. Some of our partners offer currency accounts compatible with most marketplaces and collection systems.

You can find all eligible currencies for opening a currency account by visiting this page.

It is not possible to deposit checks or cash into your CAD (Canadian Dollar) account. Only bank transfers are accepted for transactions on the account. No bank card can be linked to the account at this time.

Account statements detailing all operations in Canadian Dollars are downloadable at any time from the online interface. These statements include maximum information on beneficiaries, the origin of funds, related exchange operations, to facilitate the work of your accounting department.

All account statements can be automatically integrated into your treasury software or ERP via MT940 files. You can thus find all CAD (Canadian Dollar) movements in your software, and you do not even need to connect to our online interface to obtain the up-to-date balance of your CAD (Canadian Dollar) account. Our technical teams can also automate the processing of currency payment files provided by your TMS / ERP.