FLOAT CHARGE
High limits.
Zero Complexity.
Access up to $3M+ in interest-free, unsecured credit* and unlock the flexibility you need. Get approved in hours, not weeks.
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Flexible capital that works as hard as you do
Access interest-free working capital with customizable payment terms to suit your business. Keep your cash earning up to 3.5% interest in Float and use credit to fund your daily operations.
Flexible capital with no interest
Access up to $3M+ in interest-free, unsecured credit* and unlock the flexibility you need. Get approved in hours, not weeks.
Credit terms that unlock financial and operational efficiency
Access working capital in CAD and USD with no personal guarantees and no collateral required.
PRE-FUNDED VS CHARGE
Find your perfect Float solution in 30 seconds
Float offers two funding models: Pre-Funded and Charge. Answer a few questions to find your best fit.
More money, fewer problems
Float Charge gives you instant access to capital that evolves with your business. Pay suppliers, invest in growth, and manage cash flow—all without the burden of high interest rates, collateral or guarantees.
High credit limits
Skip the bank runaround. Get working capital in hours, not weeks. Scale as you grow.
Manage your cash flow
Keep money in your business longer. Pay suppliers on credit and settle with customizable payment terms to suit your business.
Zero interest, zero fees
Pay your full balance each month with no interest charges, annual fees or hidden costs.
spend, save, grow
The financial home for Canadian businesses
Access corporate cards, payments and business banking in one integrated software solution.
Earn up to 3.5% interest*
The freedom of a chequing account with the high-yield of a savings. CDIC insured and zero fees.
Employee reimbursements + direct payouts
Reimburse your team for out-of-pocket expenses—without making them wait for payroll.
Expense management teams love
Custom approval workflows, instant receipt reminders and no more expense reports.
Bill pay that saves time and money
Automate AP with fast Canadian, US and global wires, plus free EFT/ACH.
Foreign exchange with 90% lower fees
Instant access to CAD/USD currency exchange at market-leading rates. No hidden fees, no USD account required.
Direct integrations
Connect top accounting, HRIS and productivity platforms—plus a custom API for seamless workflows.
Corporate cards with built-in controls
High-limit CAD and USD cards with real-time tracking and up to 1% cashback.
Extend your cash flow runway
Fast access to flexible credit and spend controls, with card approvals in as little as 24 hours.
Float Charge is an innovative financial product combining the most desired features of a credit card and spend management software on the market. It provides eligible businesses with a credit limit, empowering businesses to spend now and settle later on customizable payment terms.
These cards also allow for quick and customizable auto-repayments, where money spent is automatically repaid at the end of your cycle via your bank account or Float Business Account.
Your credit limit is determined based on a comprehensive evaluation of various factors, including your business fundamentals, industry, revenue/company performance, current debt levels, cash balance, liquidity and credit utilization rate.
To qualify for Float Charge, your organization needs to meet the following criteria:
- Currently a registered Canadian company (partnership or corporation)
- At least $50,000 CAD of cash (or equivalent, such as GICs or money market funds) on hand
- 12+ months of operating cash or consistently profitable
- Exclusions: Non-profits, cryptocurrency businesses
We recommend using the calculator above to check if Charge is the right product for your business.
The application process is made up of just 2 parts:
- An internal, completely confidential underwriting process
- A quick, 20-minute due diligence call with you
The application process involves the submission of a few essential documents, namely your financial statements (annual and YTD) and your most recent bank statements.
We currently support CAD and USD for Float Charge. Here are some key notes when you apply for both currencies:
- No FX fees: When you spend money, it gets repaid in the same currency, ensuring you don’t incur FX fees
- Canadian-domiciled bank accounts: A Canadian-domiciled USD bank account is required to open a USD Charge facility for Canadian entities.