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Open a Canadian Business Account within Days
Operate in CAD with a local Canadian business account in your company's name without the need for local incorporation or resident directors in Canada.
Access a full domestic account structure with local payment and collection capabilities. Settle reliably via EFT, complemented by SWIFT connectivity for global transfers.
Overcoming Bureaucratic Barriers
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Opening a Canadian business account as a non-resident can be complex and time-consuming. Traditional providers often require resident directors, local incorporation, or a physical operating address in Canada.
International businesses frequently face repeated KYC checks, notarised documents, and inconsistent procedures across financial providers. These hurdles can create unnecessary operational friction, leading to costly delays in critical settlements and exposing your business to FX risk in the Canadian market.
Gain Local Operational Efficiency
With a VFX Canadian business account, you can collect and pay domestically, reducing delays, avoiding unnecessary fees, and simplifying cross-border operations in the North American market.
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Your Own Canadian Account Structure
Receive a Canadian Account Number, Institution Number, and Transit Number in your company's name for seamless domestic collections and payments.
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Access to Domestic Payment Rails
Utilise EFT (Electronic Funds Transfer) for fast settlement with Canadian-based employees, suppliers, and partners.
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Local Currency Holding
Collect CAD payments from international customers directly into your local account and pay international suppliers without immediate currency conversion.
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Multi-Currency Access
Pay and collect in CAD while gaining access to over 130 currencies worldwide for all other global payment requirements, all within a single account.
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Operational Efficiency
Minimise FX conversion costs, reduce processing delays, and streamline reconciliation for high-volume transactions.
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Manage Your Account Online
Manage your account 24/7 through the VFX platform and app, giving you oversight and control anytime, anywhere.
Open an Account Online within Days
Start transacting in CAD quickly. Our fully online onboarding process allows most Canadian business accounts to be operational within days, not months.
You will be immediately paired with a dedicated Account Manager who guides you through every step. Unlike traditional providers, human communication and expert support are readily available.
Your Account Manager understands your specific requirements and ensures clarity and accuracy from application to activation.
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Our Commitment to Compliance and Speed
Gain more than a local CAD account. We provide access to a complete financial infrastructure built for international businesses that value speed, security, and expert support.
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Tier-1 Banking Network
Access a trusted infrastructure supported by leading banking partners, ensuring fast, reliable settlement through domestic Canadian rails.
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Range of Products
Opening a VFX account gives you access to a wider suite of services, including FX risk management tools, multi-currency accounts, and corporate card solutions, all managed through one secure platform.
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Dedicated Account Manager
Work with your dedicated personal account manager, who understands your business, compliance needs, and global payment flows.
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Authorised & Regulated
VFX is authorised and regulated in Canada, the UK, and the UAE, giving you full assurance that your funds and operations meet the highest standards of governance.
