Review Time
Tried to apply to Keep, took 5 days and then denied without notifying us. Asked for a reason and they said they would email me. No email.We signed up for Venn and were making payments with virtual card in under an hour.We calculated we are saving $1800 compared to TD card.
The chat bot told me, “You’ll hear back tomorrow when we are online” Next thing I know, Michael’s already on it, putting in overtime like a boss. Not only was he super thorough and knew the banking system inside and out, but he was also ridiculously easy to talk to. Seriously, if there was an Olympic event for customer service, he’d get the gold, hands down.I would chat with him all day about interest rates and account perks if he wanted to and I would never get bored. Someone give this guy a raise and a parade. THANKS, MICHAEL! (AND VENN, of course)
I am very satisfied with the support I received from Venn. My questions were answered immediately, and we managed to resolve several issues at the same time. Compared to the current state of the Canadian banking system, the service I experienced was truly exceptional. I am pleased with the outcome.
Resolved my issue in a timely way, with a smile.Had to deal with an automatic dispute that was filed on my behalf (that led to a few downstream issues) - we used their AI tool that recommended emailing them directly and within 24 hours, we were able to get the issue resolved
After several months banking with Venn, I’ve hit repeated problems that have seriously impacted my business:Support goes silent: When asked about payment rail issues, agents simply stopped responding and were told to follow up with the sender party (which only demonstrated proof of payments incoming; every time I requested reasons for being held and documents such as "Wire Return Notes", none was provided). Showing knowledge of wire transfer processes did not help—my inquiries were ignored with the excuse of blaming others or "you have to wait for X days" but when the day arrives, they are still not able to provide solutions. All SLAs were missed.Limited wire support: Venn’s banking partner for wires provides no updates past 2pm. Any end-of-day issues mean you wait until the next business cycle, which is unacceptable for urgent payments. Imagine you are brokering a deal that has a strict timeline to settle or a payroll miss during such hard times. Pretty discomforting, right?Lack of true remedies: When funds were gridlocked, Venn’s response was to “wait”—not a solution, just a delay. No accountability, no meaningful action, and partial refunds of their "subscription plan" (I was in the highest tier paying $100%+tax every month) were offered but never actually remedied the disruptions. They tell "wait for 10 business days" like we don't need our cash flowIf you’re considering Venn for business banking, especially for critical payments, I strongly advise NOT to. Their systems and partner dependencies introduce risks they can’t manage or resolve.
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