MSB Bank Onboarding Package
Secure MSB-friendly banking with a bank-ready compliance file
Banking is the toughest step. We make it simple, with deep relationships across Canadian and international institutions and a proven track record of getting MSBs onboarded.
Why banking is a challenge for MSBs in Canada
MSBs are considered high-risk by many financial institutions, especially those involved in crypto, FX, or international transfers. Even well-run businesses with clean records are often declined. We prepare your file the way banks expect and introduce you to the right providers.
What’s included
What’s included in the bank onboarding package
We build your onboarding file and guide you through every step of the process.
How it works
A clear, managed process
- 1
Assess your needs
We gather details about your business model, payment flow, regulatory status, and priorities. This step typically takes one to two weeks.
- 2
Build a bank-ready file
We prepare a bank-ready compliance file, including tailored AML policies and all supporting documentation.
- 3
Make introductions
We introduce you to relevant providers, banks, PSPs, or virtual asset service partners, based on your business needs.
- 4
Support onboarding
We stay engaged throughout, helping with document submission, follow-ups, and EDD requirements.
Why MSBs trust us with their banking journey
Banking is one of the most critical and most difficult components for MSBs. Our team brings deep insight into what works, who to speak to, and how to prepare your file properly.
- Strong network of MSB-compliant banking providers
- Experience with crypto, remittance, FX, and payment platforms
- Compliance documentation designed to meet bank expectations
- Strategic guidance throughout your onboarding experience
What you’ll walk away with
At the end of the engagement, you’ll have:
- A fully developed onboarding file that reflects your business model and risk profile
- Direct introductions to MSB-friendly financial providers
- A tailored AML policy suite aligned to bank expectations
- A clear path through enhanced due diligence and onboarding
Explore other services
MSB Registration & Renewal
Get registered or renewed with FINTRAC quickly and painlessly. We handle the full process end to end, with a 100% approval guarantee.
Chief Compliance Officer Package
Don’t settle for a checkbox solution. Appoint a real CCO who actively manages your compliance, ongoing advisory, FINTRAC reporting support, and AML programs tailored to your business.
RPAA Registration
Entering the Canadian PSP market? We navigate the RPAA framework for you and build a detailed application to the Bank of Canada. We recently got one of our clients registered in as little as four months, which is unheard of.
FAQ
Bank Onboarding Package questions, answered
Why do banks decline MSBs?
MSBs are treated as high-risk, especially in crypto, FX, and international transfers. Banks decline files that do not clearly show a documented, operational compliance program. We prepare your file the way banks expect.
Can you guarantee a bank account?
No one can guarantee a bank’s decision, but we dramatically improve your odds with a bank-ready file and direct introductions to MSB-friendly institutions we work with regularly.
How long does bank onboarding take?
It varies by institution, typically a few weeks to a couple of months through enhanced due diligence. We stay engaged throughout to keep it moving.
Ready to get your compliance handled by experts?
Get clear, effective compliance at a fraction of the typical cost. Book a free consultation and we’ll send a detailed, fixed-fee proposal.