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Float (Canada) review

Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Float is a Canadian business card account with a no annual fee model, aimed at companies that pay suppliers abroad. It costs CAD 0 each month and CAD 0 a year, and Float ranks 1 of 419 brands on monthly fees. Spend and support are plain rather than generous.

Key facts

Best for
Canadian companies paying suppliers in other currencies
Monthly fee
CA$0 (Source, checked September 26, 2026)
Currency conversion fee
0.25% (Source, checked September 26, 2026)
Headquarters
Canada (Source, checked September 26, 2026)
Support channels
Help-centre (Source, checked September 26, 2026)
Features
Multi-currency, Virtual card, Travel
Audience
Business
Official website
floatcard.com

Credit cards

Annual fee
CA$0 (Source, checked September 26, 2026)
Currency conversion fee
0.25% (Source, checked September 26, 2026)
Rewards type
None (Source, checked September 26, 2026)
Card kind
Charge (Source, checked September 26, 2026)
Headquarters
Canada (Source, checked September 26, 2026)
Support channels
Help-centre (Source, checked September 26, 2026)
Pricing model
No annual fee
Features
Multi-currency, Virtual card, Travel
Audience
Business

Pros and cons

Pros

  • There is nothing to pay to hold the account: CAD 0 and CAD 0 both come at nothing.
  • 0.25% on currency conversion is lower than the 2.5% upper end of the market.
  • Multi-currency and virtual card features suit teams that pay several suppliers and hand out online-only cards.
  • Built for a business audience, so the account and its cards are shaped around company spending.

Cons

  • 0.25% is still charged on every currency conversion, so it is not a card for spending abroad without cost.
  • none for rewards, so nothing comes back on everyday spending.
  • Support runs on help centre only, so there is no phone line for urgent card queries.
Float (Canada)

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Who it suits

  • Canadian businesses paying suppliers in currencies other than their own
  • Teams that want a virtual card for online subscriptions and staff spending
  • Companies that would rather hold an account with no monthly or annual charge

Who should look elsewhere

  • Wise, for a business used to phoning its bank, since support runs on help centre only
  • HSBC Classic Credit Card, for anyone who wants points or cash back on spending, since Float's rewards are none
  • Monzo Flex, for a reader after an everyday account rather than a charge card for company spending

Fees and currency costs

There is nothing to pay to keep the account open: the monthly fee is CAD 0 and the corporate card carries an annual fee of CAD 0. The one cost that matters is currency conversion, charged at 0.25% on the card. Float places 111 of 259 brands on that fee, and the rate sits under the 2.5% upper end of the market, though it is not nothing for a business that pays abroad often.

Who runs it

Float is based in Canada, so the account is aimed at companies trading in Canada rather than at personal account holders. Support runs on help centre, which means guidance comes in written form and a card blocked mid trip has to be sorted out that way. The card is a charge card, and multi-currency and virtual card features point the account at business and travel spending.

How Float (Canada) compares

Where Float (Canada) is available

Available
Canada

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

How much does it cost to keep a Float business account?+

Nothing to pay. The monthly fee is CAD 0 and the card's annual fee is CAD 0, so the account is a no annual fee model and holding it costs nothing. The only charges described are on spending and currency conversion.

What does Float charge for currency conversion?+

Conversion is charged at 0.25%. That is well under the 2.5% upper end of the market, but it is not a no foreign fee card, so a business that pays suppliers in several currencies still pays on every conversion.

Is the Float card a debit card or a charge card?+

It is a charge card for corporate spending. Spending is paid back on the balance rather than drawn from a current account balance, which suits companies that clear the balance each cycle.

Does the Float card earn any rewards?+

No. The rewards type is none, so there is no cashback, points or miles on spending. The value here comes from the fees and the multi-currency set up rather than from anything paid back.

What can a Float business account do?+

It is built for a business audience and carries multi-currency and virtual card features, plus travel. That means one account can hold several currencies and issue cards for staff and online subscriptions without handing out a physical card.

How do I get help from Float?+

Support runs on help centre. That is written guidance rather than a phone line, so a blocked card while travelling means working through the help centre. Teams that prefer calling will not find that here.

Is Float available outside Canada?+

Float is based in Canada and is shaped around Canadian businesses. Readers wanting a UK current account would find a personal monthly fee of £0 at Monzo Flex a closer fit.

How does Float compare with Wise?+

The one cost both accounts can be compared on is the monthly fee, at CAD 0 for Float and £0 for Wise. Float's offer is built around a charge card with multi-currency, virtual card and travel features, so the choice is about what the account does rather than the price of holding it.

Sources

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Free ATM withdrawals, Card type, Protection.

Float (Canada)

Float (Canada)

Canadian companies paying suppliers in other currencies

8.8/10See alternatives