Providers · Business accounts
Truly Financial
2 plans in our database · licensed as MSB · pricing in USD
Data last verified: 21 August 2026
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Plans & fees
| Plan | Type | Monthly fee | Setup | FX fee | SWIFT out |
|---|---|---|---|---|---|
| Standard | business | $25/mo | Free | 0.35%* | $10 |
| Preferred | business | $100/mo | Free | Free | $10 |
* Some FX rates are “from” or “up to”. ⚠ “from” = starting price (variable pricing) - the final fee depends on your profile. “Bespoke” = custom pricing on request. Compare across providers on the fee tables.
What you get
Hold up to 33 currencies · local account details in CAD, EUR, GBP, USD.
Regulation
Regulated or registered in United States, Canada.
Regulators: FinCEN · FINTRAC · Revenue Québec
In the fine print
Conditions from Truly Financial's own terms, pricing pages and acceptable-use policy that don't fit in a table. Read in full and checked by hand.
Limits
- There is no maximum on incoming wire transfers, and higher limits can be approved based on the nature and history of the business.
Payments & transfers
- Beyond the published restricted list, Truly Financial reserves the right to pause or suspend payments to other countries at its discretion.
- The sterling account is domiciled in the UK, so customers can pay you in British pounds.
- The euro account is domiciled in Europe, so customers can pay you over SEPA.
- EFT and pre-authorized debit (PAD) on Canadian dollar accounts are granted case by case, depending on the nature of the business and the account history.
- A USD account held at a Canadian bank cannot be linked over EFT or PAD.
- Money arriving in the USD account over ACH or wire is available immediately.
Business activity
- Truly Financial also restricts business activities that fall outside its named sectors, such as multi-level-marketing and pyramid schemes, pawnbrokers, collection agencies, carbon-credit trading, lottery and get-rich-quick schemes, selling social-media followers or likes, and reselling branded goods without authorization; it describes its overall restricted-business list as indicative and not exhaustive.
Sanctions
- Crimea is also on the restricted list, for both sending and receiving payments.
Licence & regulation
- The USD account is FDIC insured up to $250,000, subject to conditions.
Will Truly Financial actually accept you?
Acceptance depends on where your company is registered, where its owners live, where your money flows - and your sector. The wizard checks Truly Financial's published rules on all of them, and shows you the alternatives too.
Check in 2 minutes →