Overview
With Loop, you can open local bank accounts in multiple currencies without the usual paperwork or travel. The entire sign-up process is completed online, so you can open and manage accounts right from your laptop or phone. Each account comes with local account and routing numbers, making it easy to send, receive, and hold funds like a local business — no matter where your customers are.
Details
Free to open: There are no fees to open or maintain your Loop multi-currency accounts.
Fully online: You can set up your accounts from anywhere — no in-person visits required.
Multiple currencies: Open Canadian Dollar (CAD), U.S. Dollar (USD), Euro (EUR), and British Pound (GBP) accounts.
Local details: Each account includes local account and routing numbers for receiving payments and managing funds seamlessly.
FAQs
Can I open accounts in other currencies?
Currently, Loop supports CAD, USD, EUR, and GBP operating accounts.
Are there any hidden or maintenance fees?
No. Opening and holding your Loop accounts is free. Transaction fees may apply when sending or converting currencies — see related articles for details.
Do I need to visit a branch?
No. Everything is done online, from account setup to verification.