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Float is a business finance platform here to help save your company time and money. Float is not a bank—we’re a FINTRAC-registered Canadian Money Services Business and registered under the RPAA payment services provider that counts 7,000+ Canadian companies as loyal customers.

Float’s corporate cards are issued by Visa for CAD cards and Mastercard for USD spending. Float operates on a Charge (credit-based) funding model or a Prepaid funding model. Both funding models offer up to 1% cashback on all categories after the first $25K of monthly spend.

Float Charge: Float Charge offers customers access to unsecured, interest-free credit terms, where the balance is repaid fully at the end of the term (no balances are carried). You can apply* for unsecured credit terms with high limits up to $3M, no credit checks and no personal guarantees.

Float’s Prepaid Model: Prepaid model offers up to 3.5% interest on all deposits with no cash lockups with account opening in < 24 hours.

*Conditions apply. Book a demo to learn more.

Float Business Accounts let you receive and store business funds with account routing details for EFT, ACH and wire transfers. Your accounts earn up to 3.5% interest with no minimum balance requirements or lockups. Funds are CDIC insured up to $100,000 and held in trust.

You can hold both CAD and USD, with no transaction fees on incoming payments. Business Accounts work alongside your Float Cards and spend management features in a single platform.

Opening an account takes about 15 minutes online. No branch visits, minimal paperwork and you can start earning interest as soon as your account is approved and funded.

Float is free to use on our Essentials plan, where you will be able to issue unlimited virtual CAD/USD cards, earn up to 4% interest on deposits, reimburse employees and pay vendor bills. If you need more sophisticated functionality, like over 20 physical cards, a QuickBooks or Netsuite integration, or an API solution, consider our paid Professional and Enterprise plans.

Both CAD and USD funds are held in trust under your business’s name within dedicated trust accounts at Scotiabank.

This means that funds are legally separated from Float’s own assets, and in the extremely unlikely event that Float Financial were to go out of business, your funds would remain safe.

In addition, we’ve partnered with Scotiabank to offer our customers CDIC insurance of up to $100,000 CAD (combined across both CAD and USD cash accounts).

Please note: Float is not a bank or CDIC member institution. Float is a registered MSB (Money Services Business) in Canada. We are also SOC2, Type 2-certified, ensuring adherence to robust security protocols as verified by independent audits.

Float is based in Toronto and built for Canadian businesses, expertly handling complex provincial and territorial tax and accounting nuances.