This is not a bank account. The provider is a registered money services business, not a bank or a credit union. Money held here is not a deposit and is not insured the way a deposit at a CDIC member or a provincially insured credit union is. Read the sourcing note below before comparing it with an insured account.
Venn · Business chequing
Business account
Not a bank account
No monthly fee with unlimited transactions, 2.75% interest.
Fees and rates verified 2026-08-19Published fee scheduleWe earn nothing from any institution hereHow we research
What it costs
- Monthly fee
- None
- Extra electronic transaction
- $0.00
What is included
- Transactions each month
- Unlimited transactions
Interest
- Posted rate
- 2.75%
Who can open it
- US dollar account
- Yes
Deposit protection
- Deposit insurance
- None. Money held here is not an insured deposit.
- What the provider says
- CDIC (indirectly, balances held at Bank of Montreal)
Where these figures come from
- Figures checked on
- August 19, 2026
- Source page
- www.venn.ca
- Fees and terms
- Published fee schedule
Notes
NOT A BANK. Footer: 'Venn is a technology company and not a bank or a financial institution' and 'Venn Software Inc. is registered as a money service business with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).' However, unlike Keep, Venn names its custodian: 'Venn Account Balances are held at Bank of Montreal, a member of the Canada Deposit Insurance Corporation (CDIC)' and are 'eligible for CDIC deposit insurance up to applicable limits' ($100,000 per category). Free plan at $0/month; domestic transfers free. interest_rate records the CAD rate of up to 2.75%; USD up to 3.5% is flagged as a promotional, limited-time rate. Accounts in CAD, USD, GBP and EUR; outbound transfers in 36 currencies. 1% unlimited cashback on corporate card spend. No cash or teller channel.
Accounts worth comparing this against
Compare this against every account we track
Where this came from. Every figure on this page is taken from the institution’s own page or its published fee schedule, never from another comparison site, and a field is left blank rather than guessed at. Rates and fees change without notice, so confirm with the institution before opening anything. We receive no payment from any institution listed here.