Float (Canada) review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Float suits Canadian businesses that want a corporate card and an easy-access account with no annual fee and no monthly fee. It charges nothing to hold the account, keeps a variable rate, and the reward type on the card is none, so the value sits in the fee-free balance rather than in perks.
Key facts
Pros and cons
Pros
- No annual fee of CAD 0 and no monthly fee of CAD 0 on the business account
- Minimum deposit of CAD 0, so the account can be opened and used from a small balance
- The account is easy access, with no lockups and full liquidity on the access terms stated
- The card is a charge card aimed at a business audience, built for company spending
Cons
- Help runs through the help centre channel listed, so there is no live chat or phone line on record
- The card carries no rewards, with a reward type of none
- The rate type is variable, so what you earn on the balance can move
Who it suits
- Canadian businesses that want a charge card and an account with a CAD 0 minimum deposit
- Businesses that want company spend and cash in a single account, with CAD 0 and CAD 0 on it
- Companies comfortable with support through the help centre
Who should look elsewhere
- Anyone who wants rewards on their card, since the reward type is none
- Businesses that need a guaranteed return, as the rate type is variable
- Teams that want phone or live chat support, as support runs through the help centre
Who runs it
The service runs as Float Financial Solutions Inc., headquartered in Canada, and it is built for a business audience rather than personal accounts. The corporate card is a charge card, so it is aimed at company spending rather than everyday personal use. Support is listed as running through the help centre channel, which is worth weighing if your team prefers to pick up the phone.
How Float (Canada) compares
- 8.8 vs 8.6
8.8 vs 9.4
8.8 vs 9.4
8.8 vs 9.4
8.8 vs 8.5
8.8 vs 9.4
8.8 vs 9.3
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8.8 vs 9.0
8.8 vs 9.0
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8.8 vs 9.2
8.8 vs 9.2
8.8 vs 8.7
8.8 vs 9.4
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8.8 vs 9.0
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8.8 vs 9.1
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8.8 vs 9.0
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8.8 vs 9.0
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8.8 vs 8.8
8.8 vs 8.8- 8.8 vs 8.8
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8.8 vs 8.4- 8.8 vs 8.0
8.8 vs 8.0
8.8 vs 8.0
8.8 vs 8.0- 8.8 vs 8.0
8.8 vs 9.1
Where Float (Canada) is available
- Available
- Canada
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to hold a Float business account?+
The annual fee is CAD 0 and the monthly fee is CAD 0, so there is no ongoing charge for keeping the account open. The pricing model is listed as a no-annual-fee one. The account is aimed at a business audience.
Is there a minimum balance needed to open the account?+
The minimum deposit is CAD 0, so the account can be opened without holding a large balance. The access terms state no lockups, no minimum balance and full liquidity, and you can withdraw at any time by contacting support.
What kind of card does Float offer businesses?+
The card is a charge card rather than a revolving credit card, and it is aimed at a business audience. It is offered alongside a business account that keeps company cash in the same place.
Does the Float card earn any rewards?+
No. The reward type on the card is none, so there is no cashback, points or miles on spending. The appeal of the card sits in the fee-free account rather than in any earn rate.
What interest rate applies to the money held in the account?+
The rate type is variable, which means the return on your balance is not fixed for the life of the account. The account is easy access, so access to the money is not restricted by a lockup period.
How do I get help from Float?+
Support is listed as running through the help centre. Withdrawals are handled by contacting support, and the same channel covers account questions, so it is worth having your business details ready when you reach out.
Who is Float built for?+
Float is aimed at a business audience, and the corporate card is designed for company spending. The legal entity behind the service is Float Financial Solutions Inc., headquartered in Canada.
How does Float compare on fees with other cards?+
Float charges an annual fee of CAD 0, and bunq charges €0 while Wise charges £0. The comparison includes a minimum deposit of CAD 0 and a monthly fee of CAD 0 on the Float business account.
Sources
- floatcard.com checked September 26, 2026
Backs: Legal entity, Rate type
“Float Financial Solutions Inc. ("Float") is a financial technology company registered with FINTRAC as a money services business (M23497654).”
- floatfinancial.com checked September 26, 2026
Backs: Audience, Support channels
“Expense Management & Corporate Cards for Canada”
- floatfinancial.com/about-us checked September 26, 2026
Backs: Headquarters
“Built in Canada, for Canada. Here's our story”
- floatfinancial.com/business-accounts checked September 26, 2026
Backs: Access terms, Account kind, Minimum deposit, Monthly fee
“No lockups, and this isn't a GIC. Customers can easily withdraw funds by contacting our Support team”
- floatfinancial.com/corporate-cards checked September 26, 2026
Backs: Card kind, Rewards type
“Corporate Cards - Unlimited CAD & USD cards with built-in controls”
- floatfinancial.com/pricing checked September 26, 2026
Backs: Annual fee, Pricing model
“Float Pricing & Plans - Better Than Free”
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: APR, Currency conversion fee.
Float (Canada)
Canadian businesses wanting a fee-free corporate card and cash account.