bankonloop.com

3.6
3.6 Based on 73 reviews

...

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Renssalaer Barnes
Potential but Not Ready for My Needs

As a small online business owner involved in print-on-demand and international services, I see a lot of promise in this platform: - Offers multi-currency bank accounts (CAD, USD, EUR, GBP)
- Provides multi-currency credit cards
- Features real bank accounts and credit cards
- Transparent and competitive FX rates
- Excellent customer service
- Smooth signup process However, I feel it's not quite mature enough for my current needs, and I haven't had the chance to fully utilize the platform. Here are some challenges I faced. If addressed, I would be eager to start using this service: - Canadian bank accounts lack BIC/SWIFT, which is necessary for wire transfers, especially since I don't sell on the local platform.
- EUR accounts are based in London, causing issues with Amazon sending GBP instead of EUR.
- No Interac e-transfer option available.
- (Optional) I would prefer cashback instead of gift cards.
- (Optional) Additional currencies would be helpful, particularly Japanese Yen with a local bank presence. While I haven't fully explored the service, it seems to be most beneficial for those who:
- Need to send/receive money directly to customers or suppliers
- Manage a team
- Require multi-currency options with favorable exchange rates.

2
Date of experience: Dec 03, 2025

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