How do I set up my U.S. bank account?

With Loop you can open a U.S. Dollar account with local U.S. bank account details in one business day or less. This means you can receive payouts from marketplaces such as Amazon, Shopify, PayPal, Etsy and Stripe, as well as payments from any other customers in USD. Plus, you can easily pay your U.S. suppliers within seconds for free or convert your money into Canadian Dollars at market-leading FX rates.


To set up your U.S. bank account:

  1. Click on Accounts

  1. Click on Open a Free Local USD Account under to the U.S. Account option.

  1. Proceed through the set-up form (you will need to have your Business Number, Business Formation Date, and a copy of your Canadian passport handy to upload during this registration process).

If you don't have a Canadian passport, you can still set up a U.S. bank account! You will need to upload your passport and your Canadian PR card.

  1. Sit back and relax! Your account is being set up, and you will see your account details including your account and routing number will appear in your account within 1 business day.