Global Accounts
Open a Canadian Dollar business account from Canada
Open a CAD account online from Canada with Airwallex. Your account will come with local CAD bank and branch codes and a dedicated account number. Use your Canadian dollar account to receive, manage, and send CAD with no hidden fees.
Hassle-free currency accounts with local bank details
Skip the queues and excessive paperwork usually involved in setting up international bank accounts. Open accounts online and collect payments from your global customers in their preferred currency. Spend your proceeds later in the same currency, eliminating unnecessary conversion fees.
Save on unnecessary bank charges
There are no account opening fees, monthly maintenance charges, or minimum transaction requirements.
Streamline your global cash management
Convert balances to different currencies in just a few clicks and review your global transactions in a single view.
Know your funds are safe and secure
Relax knowing that your money is secure and protected with end-to-end encryption and bank-level security.
Avoid costly conversion fees
Eliminate unnecessary conversion fees by receiving payments in the same currencies that your customers pay in.
Global Accounts
How to open a CAD business account from Canada?
Businesses can open a CAD account from Canada easily with Airwallex. Simply sign up online and, once onboarded, you can open multiple domestic and foreign currency accounts in minutes. Your CAD account will come with local bank account details, making it easy for you to receive payments in CAD which you can either spend or convert at the interbank exchange rate. Avoid bank queues and endless paperwork, and open your CAD account online with Airwallex today.
Your Canadian Dollar account
How will your CAD business account work?
Get your CAD account details
Open your Canadian dollar account online and receive a local Canadian account number and branch code. Share these details with your clients and customers in Canada and start receiving payments in CAD dollars via local bank networks. You can also link your CAD account to eCommerce platforms such as Amazon and Shopify.
Spend in Canadian dollars
Once you have funds in your account, you can spend them using Airwallex Borderless Cards, or transfer them to your recipient’s bank account. Use your CAD dollars to pay suppliers and employees in Canada and elsewhere efficiently, without being subject to needless currency exchange fees.
Convert currencies at market-beating rates
Airwallex gives you access to the interbank exchange rate (sometimes known as the mid-market rate). That means that if you need to convert currencies, you’ll enjoy market-leading foreign exchange rates no matter the transaction size. You can also hedge against currency exchange risk by only converting currencies when the exchange rate is favourable.
Global Accounts
Who is the Airwallex Global Business Account for?
The Airwallex Global Account is ideal for companies that operate across borders. Including companies that invoice overseas clients, sell globally on platforms such as Amazon and Shopify, and work with international suppliers. Our platform allows businesses to centralise their financial operations in one place, even when managing multiple global entities. From expense management to bill payments, payment acceptance, and FX, Airwallex has you covered. We make global money management simple and cost-effective for businesses of all shapes and sizes - that’s why we’re trusted by over 100,000 businesses worldwide.
FX & Transfers
End-to-end global money management from Canada
When a payment gets sent to one of your Global Accounts, those funds are instantly visible to you in your Airwallex Account. Easily convert currencies at interbank rates and use Airwallex to make fast, cost-effective domestic and international transfers.
Frequently asked questions
How can a non-resident business from Canada open a CAD account in Canada?
Airwallex simplifies the process of opening foreign currency business accounts around the world. Sign up online and, once onboarded, your business can open multiple domestic and foreign currency accounts, including Canadian dollar (CAD) accounts, in minutes. This means you can skip the lengthy paperwork and long wait times usually associated with opening multiple foreign currency accounts.
What documents are required for Canada businesses to open a Canadian dollar account?
The key documents required to open an Airwallex account are similar across regions and will enable you to open a CAD account. We typically ask for the certificate of incorporation or equivalent document, as well as information on the business, its activities and anticipated transaction volumes. We are also required to collect details and IDs for certain individuals - this includes any beneficial owners but can extend to directors and authorised signatories signing up for the account. Non-resident businesses may be asked to provide proof of address for their operations, which can be established through utility bills, contracts or other correspondence.
What other popular currencies can I open a business account from Canada?
See below for a range of other currency accounts you can open from Canada: