Float (Canada) review

The monthly fee is CAD 0, so the account costs nothing to keep open. That places Float first for monthly fee among the 379 brands compared on this site, at position 1. Card spending and currency conversion are the costs to watch instead.

Float charges 0.25% to convert currency, which puts its rank at 102 of the 237 brands compared on that measure. Across the site the same figure runs 1%, so Float sits well under the typical cost.

Float is built for business use. That focus shows in the feature set of multi currency, virtual card and travel, which points to a company card rather than everyday personal banking. Someone wanting a personal current account would look at a consumer option instead.

Yes. Virtual card support is part of the multi currency, virtual card and travel that Float sets out. A virtual card suits teams paying for software subscriptions, advertising or other online services without passing round a physical card, and it pairs with the multi-currency balances the account offers.

Travel is one of the multi currency, virtual card and travel Float highlights, so the card is aimed at spending away from home. Every conversion still carries the 0.25% fee, so it pays to hold the balance in the currency you will use rather than converting at the till.

Support runs on help centre only, so answers sit in Float's own help articles rather than a live chat or a phone line. It suits readers who are comfortable searching for answers and can give the team a clear account summary when they write in.

The monthly fee is CAD 0 for Float, £0 for Monzo Flex, £0 for Wise and €0 for Bitpanda, so cost does not separate them. The difference is the audience, since Float states it is built for business use.

Float is aimed at business customers, so the account makes most sense for a company paying suppliers, staff or contractors in more than one currency. The multi currency, virtual card and travel point towards a card for real spending rather than a crypto wallet.