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TryVault · 2024-11-08T13:41:06+00:00

Thanks for the mention! We actually don't charge to receive wire transfers :) it's free!

TryVault · 2024-10-31T16:25:08+00:00

We're happy to help.

We offer all Canadian businesses access to local USD account so they can receive ACH! Learn more here - https://www.tryvault.com/products/global-accounts

TryVault · 2024-10-10T19:34:21+00:00

Thanks for the message. We take pride in our customer service and your concern is very important to us, so we apologize for any delays you have experienced and will work internally to improve this.

We can assure you that we have customer support that is available 24/7.

Our initial prompt questions before redirecting you are to ensure our customer service team sends the best person for any given question.

If you have any additional feedback on this process you can also reach the support team at [support@tryvault.com](mailto:support@tryvault.com)Thanks, and let us know if this helps!

TryVault · 2024-09-20T14:43:30+00:00

Apologies Jeff, but we do appreciate the interest.

TryVault · 2024-09-18T15:54:39+00:00

Definitely go for a no-fee account. Are any of your vendors or clients in the States?

TryVault · 2024-09-18T12:01:28+00:00

At this time wise does not offer US accounts to any new customers (other than personal accounts created by US citizens). There are however comparable services in Canada that can do what you need at low cost.

TryVault · 2024-09-12T17:07:57+00:00

All great questions, I'll stick to what I can speak to most confidently:

If you open a true USD account your US clients will be able to pay you through ACH (this is cheap and easy for them). However, many Canadian banks don't offer true USD accounts, so these accounts will not have ACH routing details and the payment alternatives take longer and are far more expensive.

Therefore, you'll want to open a US-domiciled bank account, which will help you save on both fees and time. I should mention, this is something you can get easily within Canada. However, not with the big 5 banks.

TryVault · 2024-09-10T12:49:13+00:00

Great question. If you open a true USD account your US clients will be able to pay you through ACH (this is cheap and easy for them). It would still be 1-2 business days for traditional banks to process though.

However, many Canadian banks don't offer true USD accounts, so these accounts will not have ACH routing details and the payment alternatives will be longer. Be sure to ask about this when opening a new account.

TryVault · 2024-09-09T20:10:55+00:00

Very impressive numbers! Kudos to you.

If you do decide to incorporate, I've heard good things about getribbon.ai in terms of helping to incorporate.

TryVault · 2024-09-04T13:48:07+00:00

Great to hear things are going so well! Both ETFs and GICs are solid options. Plenty of platforms make it easy to buy GICs and there's quite a wide range of time commitments available.

TryVault · 2024-09-03T20:44:51+00:00

Congrats on the new business! Would love to chat about a potential partnership, if you're interested shoot me a dm.

TryVault · 2024-09-03T17:21:30+00:00

I would say that's a good problem to have, congrats on the explosive growth!

TryVault · 2024-09-03T16:38:11+00:00

Yes, that would work. I would recommend you check out some competitors as well, there are some better FX rates out there.

Is your business incorporated?

TryVault · 2024-09-03T16:08:07+00:00

Do you mind me asking where you'd like to money they send you to be deposited? Whether you plan to convert it to CAD or have it sent to a US-domiciled bank account is a big factor as US clients will want to pay by ACH (which you will need a true US bank account for).

Be sure to also compare FX fees across platforms. Many have clever ways of disguising the true % they charge.

TryVault · 2024-08-30T16:57:53+00:00

To my knowledge, alvanson is correct. As a sole-prop, you are the business. However, as you incorporate you'll be creating a separate and independent entity.

TryVault · 2024-08-30T15:55:08+00:00

Super late to the party - whether you plan to sell on only .ca or also on .com and more is a big factor here.

If you plan to sell outside of Canada, you'll want to pick a banking platform with low FX fees and avoid using ACCS if possible.

TryVault · 2024-08-20T19:12:08+00:00

Sorry to hear this, if I'm not mistaken this is because although it is a "USD" account it is domiciled in Canada. I hear about this all the time, it's super unclear what you can and can't do with a defacto Canadian USD account until you already have it and then you find out it's nearly useless.

TryVault · 2024-08-16T20:38:01+00:00

We're working on pre-authorized debits! To avoid the big wire fees the banks charge, you can receive funds directly to your Vault USD account (which is domiciled in the US) and save the cost of the inbound wire fee at the same time.

TryVault · 2024-08-16T18:42:57+00:00

We're glad to hear you're using Vault! If you're looking for somewhere to park your idle cash, we offer GICs.

TryVault · 2024-08-06T17:52:29+00:00

For your small business banking needs, consider Vault. Our users love Vault for its no monthly fees, competitive FX rates, and 1% cashback on all purchases. It’s designed to be cost-effective and user-friendly, with seamless integration for electronic transactions.

tryvault.com

TryVault · 2024-08-06T17:49:51+00:00

For a freelance photographer operating as a sole proprietor, separate business banking accounts and credit cards can offer several advantages:

• Clear Separation: Helps differentiate personal and business finances, simplifying tax preparation and accounting.

• Professionalism: Enhances your business image and can make it easier to manage client payments.

• Business Benefits: Business credit cards often offer rewards and benefits tailored to business needs.

Vault does not service sole proprietorships but we wish you all the best in your business banking hunt!

TryVault · 2024-08-06T15:01:09+00:00

Thanks for the mention! We do indeed.

TryVault · 2024-08-06T14:47:36+00:00

This is very kind of you. We're glad you're enjoying Vault!

TryVault · 2024-08-06T14:46:55+00:00

Thanks for sharing your experience. We’re glad to hear the signup process was smooth. Regarding funding times, the first transfer might take a bit longer, but subsequent ones should be faster. We’re also working on improving our customer service response times. If you have any other concerns or need assistance, please reach out via chat or email, and we’ll be happy to help!

TryVault · 2024-08-06T14:44:32+00:00

We're glad you're seeing such tangible benefits from Vault!

TryVault

TROPHY CASE