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Getting started

You are eligible for a Loop account

Complete the rest of your application.

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Invite a teammate to fill this application with you. They can see and edit everything, and only verified & authorized signers can submit.

Have these ready

  • Your government photo ID for a quick live camera check
  • Contact information for each owner and director

Business information

General overview

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Business details

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Company description*!
Minimum 100 characters
Does any natural person directly or indirectly own or control 25% or more of the business?*?Beneficial owner (FINTRAC): any natural person who directly or indirectly owns or controls 25% or more of the business. Control counts as much as shares — voting rights, a shareholder agreement, or the power to appoint the board all qualify. Indirect counts too: if a holding company owns part of this business, keep tracing up that chain until you reach the people behind it.
Does any individual have 25% or more control through voting rights, agreements or another arrangement, even if they own less than 25%?*?Control can sit well apart from shares — multiple-vote shares, a unanimous shareholder agreement, the right to appoint or remove directors, or a veto over major decisions all count.

Primary business address

A physical address in Canada. We can't accept PO boxes or virtual offices.

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Business contacts

Related persons and businesses

We’re legally required to collect information about key individuals related to your business (including yourself, if applicable):

    Final terms

    Who primarily manages the business?*

    Select the person responsible for the business’s day-to-day operations. They must be listed above as an authorized signer.

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    Are they a tax resident of Canada?*

    This person must be a tax resident of Canada to proceed.

    Are they a tax resident or a citizen of the United States?*
    Are they a tax resident of a jurisdiction other than Canada or the United States?*
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    Have they applied for a US TIN?*
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    Expected activity

    A picture of a typical month, so we know what normal looks like for your business.

    A typical month

    Estimates are fine — we want the shape of your activity, not exact figures.

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    No problem — we’ll set your profile once your account has been running a while. Tell us where the funds will come from below, and expect us to check in after your first few months.

    Money crossing the border

    Will you send or receive payments outside Canada?*
    Which currencies will you hold or transact in?*
    Where will that money come from, or go to?*

    A little more detail

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    Where will the funds in your account come from?*

    Both your opening deposit and the money that keeps arriving.

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    This becomes your expected activity profile. We compare what actually happens against it, so we can spot problems early rather than freezing an account without warning. If your business changes shape, tell us — it’s much easier than explaining it afterwards.

    A few registry contacts weren't added

    Documents

    Our system screens your application and tells you exactly what to upload. No guesswork.

    Application screening

    Supporting documents

    PDF is the recommended format for document uploads.

    PDF, JPEG, or PNG, up to 10 MB each. Accepted documents include a certificate or articles of incorporation, a corporate registry search report, or proof of operations such as a recent supplier invoice, signed customer contract, commercial lease, or bank statement.

    Review and submit

    Submit

    Only related members with managerial authority can submit this application on behalf of your company. You certify that the information entered is true and accurate.

    Once approved, you'll review and sign your account agreements to activate the account. After submission the application is locked for review and can't be edited.

    Application submitted successfully!

    Your application is in review. Keep up the momentum and set up your account now so everything's ready the moment it's approved.

    Your application is approved — these remaining items are optional. Sign your agreements whenever you're ready.

    Exit preview and go back to your application

    You're approved

    Your business

    Your application has been approved. Sign your account agreements to open the account. It only takes a minute.

    Sign your agreements

    As an authorized signer of the business, I have read and agree to the agreements below on its behalf.

    Only authorized signers can agree to the agreements on the company’s behalf. You will receive a confirmation email after activating the account.

    Document

    You're all Looped in!

    Your account is open and ready.

    Go to your account

    Loop support

    We typically reply in a few minutes

    Add related person

    All authorized signers, directors, and beneficial owners, including yourself if applicable.

    We'll email this person a secure link to complete their own details and verify their identity. Just add their name, role, and email below.

    Who completes tax details?

    Complete on behalf of this person
    Send invite link for them to complete

    Roles

    Select all that apply.

    Proprietor
    Owns and operates the business.
    Partner
    A partner in the partnership.
    Trustee
    Holds and administers the trust property.
    Settlor
    Established the trust and contributed its property.
    Beneficiary
    Entitled to benefit from the trust.
    Director
    Oversees the management and direction of the business.
    Authorized signer
    Signs agreements or exercises significant day-to-day control.
    Beneficial owner
    Owns or controls 25% or more, directly or indirectly.
    No identity verification needed for this role type
    %!

    Personal details

    I am this person

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    Locked to your sign-in email.

    We filled in what we could read from your ID. Please check it’s correct and complete anything missing.

    Your date of birth and home address were captured from your ID.
    !

    This person is under 18. Key contacts must be at least 18 years old.

    Tax details

    Are they a tax resident of Canada?*

    This beneficial owner must be a tax resident of Canada to proceed.

    Are they a tax resident or a citizen of the United States?*
    Are they a tax resident of a jurisdiction other than Canada or the United States?*
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    Have they applied for a US TIN?*
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    Home address

    A residential address. We can't accept PO boxes or mail forwarding.

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    Identity verification

    Verify your identity now by completing a live personal ID and facial scan on your phone, or send yourself a text or email to complete this mandatory task later.

    Add related business

    A business entity that owns, controls, or is owned by your company

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    If this business owns or controls 25% or more of your company, you'll trace its owners after saving — through any companies above it, until you reach individuals.

    Add beneficial owner

    A shareholder or controller of this business

    Is this owner an individual or a company?*
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    Voting, contractual, or other control rights (if any)

    You’ll add this company’s own owners after saving. Keep going until every person behind the chain is named.

    Tax details

    Are they a tax resident of Canada?*

    This beneficial owner must be a tax resident of Canada to proceed.

    Are they a tax resident or a citizen of the United States?*
    Are they a tax resident of a jurisdiction other than Canada or the United States?*
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    Have they applied for a US TIN?*
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    Documents

    Company agreements you have signed. Signed copies are also emailed to you.

    Loop Credit Agreement

    Scroll to the end of the agreement to enable acceptance.

    People with access

    Everyone who can see or help with this application. Remove anyone who no longer needs access.

    Verify your identity

    A live ID and facial check, in this window.

    verify.bankonloop.com

    Are you sure?

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