SunPay – an Innovative Banking for Clients in Canada

SunPay – an Innovative Banking for Clients in CanadaProbably, you haven’t heard a lot about SunPay as it only recently entered the global market of innovative fintech companies. However, this payment institution has a solid background operating from 2019 and offers all necessary payment services for global business.

SunPay is a tech-savvy payment institution developed by a team experienced in financial and electronic money sectors in 6 countries. The Company has FINTRAC authorization for provision of payment services.

Compared to other payment institutions, its fees are highly attractive, which you can see below in our table.

Key Features:

  • For companies and individuals in Canada only
  • SWIFT and SEPA transfers;
  • IBAN format of accounts with individual account number assigned for each client;
  • Multi-currency accounts and payments in 25 currencies;
  • Support services are provided in English, Russian and Ukrainian.

Additional Services

SunPay provides company incorporation services in Canada. Customers can set up a legal entity via SunPay incorporation service directly on their web site and then proceed with an account opening.

Business Tariffs:

Service Business fees

Account opening On-demand
Monthly maintenance fee 200 USD

SEPA incoming transfer Free

SEPA outgoing transfer 30 USD

SWIFT incoming transfer Free

SWIFT outgoing transfer 0,2% (min 100 USD, max 300 USD)
Local incoming transfer (GBP, AUD, CAD, CZK, DKK, HKD, HRK, HUF, RON, IDR, INR, MXN, MYR, NOK, PHP, PLN, SEK, SGD, USD) Free

Local outgoing transfer (GBP, AUD, CAD, CZK, DKK, HKD, HRK, HUF, RON, IDR, INR, MXN, MYR, NOK, PHP, PLN, SEK, SGD, USD) 30 USD

Conversion volume charge 0,2%

SWIFT/SEPA confirmation 100 USD

Account closing 200 USD

Compliance audit 500 USD

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We will open an account in the desired currency, quickly and inexpensively

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Account types

Business account
Personal account
Merchant accounts
Saving account
Crypto friendly
Accept non residents
Multi-language support
Accept high risk business
Pre-approval option