Is MultiPass available in Canada?

Availability

MultiPass for business in Canada: Available with limits

Key eligibility: Corporate entities only, onboarded case by case from a wide list of countries. The account is a UK issued multi currency e-money account, not a domestic Canadian account
Non resident position: Designed for cross border business, so you can operate in Canada with or without a local presence, subject to onboarding checks
Local currency support: Holds, receives and sends Canadian dollars through a GB and global IBAN, plus euro, sterling, US dollar and more than 70 currencies. Canadian dollar payments by SWIFT, with Direct Entry on request
Headline monthly fee: Account opening from 500 pounds and maintenance from 100 pounds per month, with pricing quoted per business

Availability and fees as of 24 December 2025Last reviewed 24 December 2025

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

Yes, with limits. As of 24 December 2025, MultiPass markets a business account for operating in Canada and onboards corporate entities from many countries on a case by case basis. It is a UK issued multi currency e-money account that holds, receives and sends Canadian dollars, rather than a domestic Canadian bank account, and it is not covered by a deposit guarantee. Confirm your eligibility and current pricing with the provider.

Does MultiPass serve business customers in Canada?

Yes, with limits. MultiPass is a multi currency business account provided by MultiPass Platforms Limited, an electronic money institution authorised in the United Kingdom by the Financial Conduct Authority. It publishes a Canada solution and states that a business can operate in Canada with or without a local presence using a multi currency IBAN that supports the Canadian dollar. It onboards corporate entities from a wide list of countries, reviewed case by case against its risk appetite policy, so whether a specific Canadian registered company is accepted depends on that review. The account is issued from the United Kingdom rather than as a domestic Canadian account, and as an electronic money account it is not protected by the Financial Services Compensation Scheme or a Canadian deposit guarantee. As of 24 December 2025.

Eligibility for businesses in Canada

MultiPass opens accounts for corporate entities, not personal customers, and onboards companies from many countries subject to compliance checks. Applicants provide identity and proof of address documents for owners and operators, company incorporation documents, and supporting information such as recent account statements and financial reports. Onboarding is assessed case by case under the provider risk appetite policy, and some industries and countries are restricted. Verify with the provider

What it costs locally

For its Canada solution MultiPass lists account opening from 500 pounds sterling and account maintenance from 100 pounds per month, with issuing of the IBAN and local UK and US details free, and it notes that pricing varies from case to case. Currency conversion and individual payments may carry additional charges. These figures are quoted in pounds sterling rather than Canadian dollars, so confirm the exact schedule for your company with the provider. As of 24 December 2025

What local users report

MultiPass positions itself for import and export, e-commerce, startups and holding companies that make cross border payments, and highlights Canadian dollar payments by SWIFT with Direct Entry available on request. Because it is an electronic money institution, it safeguards customer funds rather than holding them as insured bank deposits, which differs from a deposit guarantee, and it works as a cross border payment account rather than full local banking. Confirm how your money is protected and which local payment rails you need before relying on it.

How to open MultiPass for business in Canada

Check that your company and industry fit the MultiPass risk appetite policy, then start the online application
Submit your company incorporation documents, owner identity and proof of address, and information on your expected activity and payment volumes
Complete the provider compliance checks and, once approved, fund the multi currency account and begin sending and receiving Canadian dollars and other currencies

Open with MultiPass →

Questions about MultiPass in Canada

Is MultiPass available for business in Canada?

Yes, with limits. As of 24 December 2025, MultiPass markets a Canada business account and onboards corporate entities from many countries case by case. It is a UK issued multi currency e-money account that supports the Canadian dollar, not a domestic Canadian bank account. Verify your eligibility with the provider.

Can a company registered in Canada open a MultiPass account?

It may, subject to onboarding. As of 24 December 2025, MultiPass onboards corporate entities from a wide list of countries case by case under its risk appetite policy, so acceptance of a specific Canadian company depends on that review. Confirm directly with the provider.

Does MultiPass support the Canadian dollar?

Yes. As of 24 December 2025, MultiPass states its multi currency IBAN can hold, receive and send Canadian dollars, alongside euro, sterling, US dollar and more than 70 currencies, with Canadian dollar payments by SWIFT and Direct Entry on request. Verify with the provider.

How much does MultiPass cost for a business using Canadian dollars?

For its Canada solution MultiPass lists account opening from 500 pounds and maintenance from 100 pounds per month, with pricing quoted per business, as of 24 December 2025. Confirm the exact figures with the provider.

Availability, fees, and eligibility change. This page was last reviewed on 24 December 2025. Confirm the current position with MultiPass before applying.