Frequently Asked Questions
banpay is a single-dashboard multi-currency account for Canadian businesses looking to make global transactions. You get seamless access to your accounts and competitive exchange rates all with a single dashboard. banpay helps our customers take control of their financial resources with digital tools available anytime, anywhere. Our unrivaled service and best-in-class global payment solutions are led by a multidisciplinary, customer-centric team ready to serve you!
banpay offers an intuitive platform that is more affordable, and faster than traditional banks.
Within minutes, you can be onboarded, and use banpay to hold, send or receive payments across countries and counting. Convert the world’s prominent currencies using a single account including CAD, USD, MEX, EUR, GBP, HKD and more.
We look after the payment institutions, regulators, and trade finance organizations, allowing your business to focus on its core operations.
Opening an Account
If you're interested in any of our services, feel free to leave your contact info in the Get Started portion of our website. We will not spam your email and we'll only contact you to open your account.
- Proof of identity
Documents confirming the company’s legal existence in
Canada that show the company’s legal name, address and
business registration number.
Corporations can provide any of the following:
- certificate of incorporation
- certificate of corporate status
- annual report
- published annual report signed by an audit firm
- letter or notice of assessment from a municipal, provincial, territorial or federal government
Not a corporation? You can provide any of the
- a partnership agreement;
- articles of association;
- any other similar record that confirms the existence of the entity;
- published annual report signed by an audit firm;
- letter or notice of assessment from a municipal, provincial, territorial or federal government.
- Corporations can provide any of the following:
- Documents identifying the company’s beneficial owners
Canadian Corporations and Partnerships can open an account with banpay.
Yes! We're proud to support Canadian companies from all corners of the globe.
Security & Privacy
Protecting your information is our top priority! We take information security very seriously, and all the details you provide in your application will be kept strictly confidential and secure. We'll use this information to verify your business and keep it safe from any fraudulent activity.
To link your bank account with us and ensure top-notch protection, we partner with reputable vendors. All your information is encrypted, so you can rest easy knowing that your data is in safe hands.
Your funds are in good hands with us! We hold all funds in Tier 1 Canadian Financial Institutions.
Funds are safeguarded by our FCA-regulated e-money partners at a credit institution.
banpay has no rights over your funds beyond what was specified in our Terms and Conditions.
banpay is regulated by FINTRAC and is registered as a Money Services Business, registration number M21345132.
banpay charges our business customers a monthly fee starting at $16 CAD to ensure that you get access to our top-notch services. Please contact us for more information about pricing for your company.
Need more Answers?
If you have other questions, please feel free to contact us at [email protected].
535 Yates St, Suite 311
Victoria, BC V8W 2Z6
BanPAY(CA) Ltd. is a licenced MSB regulated by FINTRAC under
banpay is currently not available to businesses in Quebec.
Payment and e-money services are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorized by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN:900199);
Payment and e-money services (Non MIFID related products) are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorized by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199)
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