Venn Review: The Operating System for Your Finances
Stop overpaying for FX. Issue corporate cards, manage expenses, and hold 4 currencies in one zero-monthly-fee account.
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At a Glance
Best For
Agencies, E-commerce, Tech Startups, and any business with USD/FX needs.
Not Ideal For
Cash-heavy businesses (restaurants), Sole Proprietorships (must be incorporated), and Quebec-based entities.
CPA Verified Review
"Venn is the modern alternative to the "Big 5" banks. The multi-currency support and direct Xero/QBO integration save our clients hours of reconciliation time every month."
— Seb Prost, CPA
Founder, LedgerLogic
February 2026
Why We Choose It
- No monthly fees on the Essentials plan.
- Best-in-class Foreign Exchange (FX) rates (0.25% - 0.45%).
- Issue unlimited virtual corporate cards for employees instantly.
- Direct accounting integration fetches receipts and matches transactions.
- Earn 1% cashback on card spend.
What to Watch For
- Not available for Sole Proprietorships (Corporations only).
- Cannot deposit physical cash or cheques (digital only).
- Currently unavailable in Quebec.
- Mobile app is newer and has fewer features than desktop.
| Feature | Venn | Big 5 Bank (RBC/TD) |
|---|---|---|
| Monthly Fee | $0 (Essentials) | $20 - $125+ |
| FX Markup | 0.25% - 0.45% | 2.5% - 3.5% |
| Corporate Cards | Unlimited Virtual + Physical | Limited / Annual Fees |
| Integration | Direct API (Receipt Matching) | Bank Feed Only (Often Breaks) |
| Account Opening | 100% Online (10 mins) | In-Branch Visit Required |
Simple, Transparent Plans
Start for free, upgrade as you scale.
Essentials
$0/ month
Perfect for getting started.
Plus
Most Popular$40/ month
For growing teams needing controls.
Pro
Power Users$100/ month
For scaling operations.
Note: All plans include CDIC insurance eligibility on deposits (via partner banks) and earn interest on balances.
How We Implement It
Our standard playbook for rolling this out correctly.
Sign Up Online
Create your account in minutes. You will need your Articles of Incorporation and ID.
Verify Identity
Complete the digital KYC verification (no branch visit required).
Issue Cards
Generate virtual cards for your immediate software subscriptions and ad spend.
Fund Account
Transfer funds via Interac e-Transfer or EFT to start using the account.
Connect Accounting
Link Venn to Xero or QuickBooks to automate your bookkeeping.
Banking Implementation Sprint
We'll set up your financial operating system, creating a structure that scales with your spending.
What's Included
- Entity Verification & Account KYC
- Expense Policy Configuration
- Employee Card Issuance Strategy
- Accounting Software Sync
Deliverables
- Active Multi-Currency Accounts
- Provisional Corporate Cards
- Live Bank Feeds in Xero/QBO
- Team Spending Controls
Typical completion: 3-5 business days
Frequently Asked Questions
Is Venn a bank?
Is my money safe with Venn?
Can I use Venn if I have high USD spend?
Does Venn work with Quickbooks Online?
Is there a credit check?
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