Overview
Loop Basic gives you everything you need to get started managing money across currencies, all without upfront cost. It’s ideal if you’re testing Loop, running your own business, or making only occasional FX conversions.
You’ll still enjoy Loop’s smart multi-currency cards, free local transfers, and points rewards — perfect for keeping operations simple while maintaining flexibility.
Key Features
Price: Free
FX Conversion Rate: 50 basis points (1 bps = 0.01%)
Cards: 2 physical cards, up to 20 virtual cards
Rewards: 1x point per CAD dollar spent
Redeem Points: Gift cards available directly in dashboard
Upgrade Anytime: Move to Plus or Power when your FX or team needs to grow
Ideal For
Businesses managing small FX volumes (up to ~$20K/month)
Businesses just starting to trade internationally
Teams testing Loop before scaling
At 50 bps, Basic is best suited when you’re doing less than $20K/month in FX conversions.
For example:
$10K/month at 50 bps = $50 in FX fees
Upgrading to Plus (25 bps, $79/month) would only start saving you money once you’re doing more than $16K–$20K/month in FX.
Notes
All plans are month-to-month, no contracts.
Card spend is always charged in its native currency, not subject to FX rates.
Upgrade anytime directly from your Loop dashboard.
FAQs
Can I upgrade later?
Yes. You can upgrade to Plus anytime for better FX rates and more cards.
Does the FX rate affect my card purchases?
No — only currency conversions and international payments.
How do I earn and redeem points?
Earn 1x point per CAD dollar spent. Redeem them for gift cards in your dashboard.
Is there a cancellation fee?
No. Loop Basic is completely free for all Loop customers.