Bank Account Opening

Looking for banking solutions for your Fintech or Money Service Business (MSB)? We’re here to help.

Renno Fintech is proud to support Money Service Businesses (MSB) get banked in Canada and abroad. Expanding your business operations to Canada can be challenging, but getting banked doesn’t have to be. We leverage our deep Canadian and international banking connections to get your company banked ASAP.

Sectors we support

Fintech
Forex
Crypto
Remittance
Multi-currency account providers
Payment service providers
Payment gateway providers

Our services

We will put you in touch with a bank or banking-as-a-service provider that is suitable for your business. We will initiate the conversation and advise you throughout the onboarding process. Our ultimate goal is to get you banked and ready to do business!
Depending on your needs, we help you get access to payment rails in Canada, the US, UK, Europe, and other key jurisdictions.
We can get you access to CAD, EUR, GBP, USD and other key currencies.
We can get you Interac e-transfer, SWIFT, and SEPA functionality.
We can get you an IBAN account.

How It Works

We make it easier to open an account with a banking provider for your Money Services Business (MSB). Navigating banking regulations for MSBs can be challenging, but we are here to guide you through the process. Here’s how our process works:

Assess Your Needs: We start with a consultation to understand your business, how it operates, and your specific banking needs. This helps us find the right bank for you.
Find the Right Fit: We match your MSB with suitable banking providers, considering your business type and service requirements.
Manage the Process: We handle the application, prepare documents, and communicate with the bank on your behalf. We address any questions and push for priority onboarding.
Get Banked: Once approved, a completion fee is due. We also provide ongoing support to help you manage your account.

Securing a banking provider for your MSB doesn't have to be stressful. We make it simple, so you can focus on your business.

Money-Back Guarantee

Securing banking for Money Services Businesses (MSBs) is challenging, but our expertise and proven track record set us apart. We stand by our process with a commitment to results. If we are unable to successfully get your MSB banked, we will refund 50% of the service fee—ensuring you receive value even in the toughest cases.
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Let’s navigate the banking landscape together.

Pricing

Book a Free Consultation and get a price quote for your bank account opening.

FAQ

1. Will a banking service provider bank my high risk MSB?

We have a network of banking service providers we work with that have different risk tolerances. We can put you in touch with the right account for you!

2. What are my banking options as a newer MSB?

For newer MSBs, we generally recommend establishing an account with an Electronic Money Institution (EMI) or Canadian Banking-as-a-Service provider. This option is often more economical for companies in the early stages that aren’t handling large volumes of transactions right away. For MSBs with a track record or those affiliated with a well-established foreign business, securing an account with a fintech-friendly bank becomes a more feasible option.