Float is a Canadian spend management platform built to support businesses operating in Canada. US-domiciled entities are welcome on Float and have access to a range of core features. However, some products and features are currently only available to Canadian-domiciled entities.
This article outlines what US entities can and cannot access on Float, and answers some commonly asked questions.
Guide Overview
What US Entities Cannot Access
US-Domiciled Entities: Frequently Asked Questions (FAQs)
What US Entities Can Access
Corporate Cards (USD Only)
US-domiciled entities can be issued USD virtual and physical Float cards. These can be used for spend management, expense tracking, and applying spend controls and policies.
Note: CAD cards and CAD cash are not available to US-domiciled entities.
Bill Pay – Approval Workflow
While US-Domiciled entities cannot send payments through Float, they can use the Bill Pay workflow to:
- Upload and document bills
- Review and approve bills
- Mark bills as paid once payment has been sent through their own bank
Reimbursements – Documentation and Approval
US-domiciled entities can document and manage employee reimbursement requests within Float. Reimbursements can be submitted, reviewed, and approved, but payouts must be processed externally through the entity's own bank.
Cashback
US-domiciled entities are eligible to earn cashback on eligible card spend.
Spend Management and Expense Tracking
US-domiciled entities have full access to Float's spend management features, including spend controls, policies, receipt collection, transaction coding, and approval workflows.
Float Intelligence
Float's AI-powered features, including Float Intelligence for GL code and tax code suggestions, are available to US-domiciled entities.
Bank Connection – Manual Only
US-domiciled entities can connect their bank account to Float manually. Automatic bank connections are not currently supported.
What US Entities Cannot Access
Float Business Bank Accounts
Float's business bank accounts are only available to Canadian-domiciled entities. US-domiciled entities cannot open or access a Float business bank account.
CAD Cards and CAD Cash
US-Domiciled entities cannot be issued CAD cards and do not have access to CAD cash balances. Only USD cards are available.
Bill Pay – Payments
US-Domiciled entities cannot send payments through Float's Bill Pay product. All payments must be made externally, through the business' main funding source.
Reimbursements – Payouts
Reimbursement payouts cannot be processed through Float for US-domiciled entities. Approved reimbursements must be paid out externally.
Interest
Float's interest-earning product, formerly known as Yield, is not available to US-domiciled entities. Cashback remains available.
Interac e-Transfer
Interac e-Transfer is a Canadian payment method and is not available to US-domiciled entities.
Automatic Bank Connection
Automatic bank connection systems aren’t available for U.S.-domiciled entities; bank accounts must be linked manually.
Directory of Frequently Asked Questions
What is the difference between a US-domiciled entity and a CAD-domiciled US entity?
Can a US-domiciled entity use Float for expense management and corporate cards?
Can a US-domiciled entity pay bills or reimburse employees through Float?
Can a US-domiciled entity earn rewards on Float?
Can a US-domiciled entity have both CAD and USD cards on Float?
How does a US-domiciled entity connect their bank account to Float?
"What is the difference between a US-domiciled entity and a CAD-domiciled US entity?"
A US-domiciled entity is a business that is legally incorporated in the United States. On Float, these entities have restricted access to some Canadian-compatible features, such as Bill Pay, Reimbursements, Interac, Interest, and Flinks, an automated bank connection platform.
A CAD-domiciled US entity is a business that is legally incorporated in Canada, but is owned by or affiliated with a US parent company. Because the entity itself is registered in Canada, it is treated as a Canadian entity on Float and has full access to all of Float's products.
These two terms refer to where a business is legally registered, not where its owners are from.
"Can a US-domiciled entity use Float for expense management and corporate cards?"
Yes. US-domiciled entities can use Float for USD corporate cards (virtual and physical), spend controls, expense tracking, receipt collection, and transaction coding.
"Can a US-domiciled entity pay bills or reimburse employees through Float?"
Not directly. US entities can use Float's Bill Pay approval workflow to document, review, approve, and mark bills as paid — but the actual payment must be sent through the entity's own bank. Similarly, reimbursements can be documented and approved in Float, but payouts must be made externally.
"Why can't US-domiciled entities access Float's banking and payment features?"
Float's banking and payment products — including business bank accounts, Bill Pay payments, Interac e-Transfer, and PADs — are built on Canadian banking infrastructure and are currently only available to Canadian-domiciled entities.
"Can a US-domiciled entity earn rewards on Float?"
US entities are eligible for cashback on eligible card spend. Float's interest/yield product on account balances is not available to US entities.
"Can a US-domiciled entity have both CAD and USD cards on Float?"
No. US entities can only be issued USD cards (virtual and physical). CAD cards and CAD cash are not available to US-domiciled entities.
"How does a US-domiciled entity connect their bank account to Float?"
US entities can connect their bank account to Float manually. Automatic bank connections are not currently supported for US entities.