The first fully integrated US-Canada cross-border bank. OneCard™ with dual USD & CAD wallets, Interac, Zelle, instant refunds, and treasury — built on a single account.
Real-time snapshot of where we stand in the regulatory and operational buildout.
Weighted average across all 16 workstreams
Most banks are US-only or CA-only. We're building the bridge — with modern rails, transparent FX, and zero legacy friction.
Hold, send, and spend in USD and CAD from a single account. No FX markups buried in rates. Full rate transparency on every transaction.
ACH, RTP/TCH, FedNow, Interac, Lynx, ACSS, and SWIFT — all in one place. Instant domestic payments; real-time cross-border visibility.
Physical and virtual card tied to both a USD and CAD ledger. Auto-FX rules, travel mode, per-merchant currency preferences.
Merchant acquiring, working capital, multi-user treasury access, and same-day US/CA settlement — not a separate product.
No monthly account fees, no minimum balance requirements, no fee for Interac e-Transfers or Zelle — for qualifying accounts.
SOC 2 posture, PCI DSS-aligned card environment, NIST CSF controls, biometric app authentication, and 24/7 fraud monitoring.
Retail, business, and cross-border solutions for customers in the United States and Canada.
* Illustrative rates only. Not an offer of deposit-taking services. No deposits accepted until regulatory approvals are complete.
Everything you'd expect from a premium bank — plus cross-border features no existing bank offers.
One card. Two currencies. Zero friction.
Your physical and virtual OneCard™ holds both a USD and CAD ledger. Set auto-FX rules per merchant, enable travel mode, freeze/unfreeze instantly from the app. Works on Visa, Mastercard, Apple Pay, and Google Pay.
Preview rates subject to change and final regulatory approval. Not an offer of deposit-taking services.
| Product | Currency | Illustrative Rate | Notes |
|---|---|---|---|
| WestNet Checking Plus | USD & CAD | $0/mo Fee-Free | Unlimited transactions; Interac + Zelle included |
| High-Yield Savings (USD) | USD | 4.75% APY* | Illustrative; pending Fed Funds rate |
| High-Yield Savings (CAD) | CAD | 4.10% APY* | Illustrative; pending BoC rate |
| OneCard™ FX Rate | USD ↔ CAD | Mid-market | No markup on conversion; spread TBD |
| Wire Transfers (Domestic) | USD or CAD | $0 Fee-Free | ACH, RTP, FedNow, Interac |
| International Wires | Multi | $8 – $20 | SWIFT/Lynx depending on corridor |
| Personal Loan (Fixed) | USD or CAD | From 6.99% | Credit-qualified applicants |
| Business Treasury Line | USD & CAD | Prime + 0.5% | Subject to underwriting |
* All rates are illustrative only and subject to change. WestNet Bank is pre-launch; no deposits accepted until FDIC/CDIC approvals are granted. Equal Housing Lender status pending NMLS registration.
Not bolted on afterward. Security is foundational to every layer of the WestNet Bank stack.
256-bit TLS for all data in transit. AES-256 encryption for data at rest. Hardware security modules (HSMs) for key management.
Face ID, Touch ID, and TOTP-based multi-factor authentication on every login. Behavioral biometrics in the background.
Security, availability, processing integrity, confidentiality, and privacy controls built to SOC 2 Type II standards.
Card data handled in a segregated PCI DSS-aligned environment. Network tokenization via Visa/Mastercard token services.
Machine learning transaction scoring, velocity controls, real-time device fingerprinting, and instant card freeze via app.
Identify, Protect, Detect, Respond, Recover — mapped across the full NIST Cybersecurity Framework with quarterly assessments.
Operators, regulators, and technologists who have done this before — at scale.
Key milestones and regulatory filings as they happen.
WestNet Bank has submitted its formal application to the Office of the Comptroller of the Currency for a national bank charter, marking the official start of the regulatory review process.
Read Compliance Details ↗WestNet Bank has opened consultations with the Federal Reserve Bank regarding membership and supervisory framework, a prerequisite for cross-border FedNow and Fedwire access.
View Progress ↗Following an RFP process evaluating five enterprise platforms, WestNet Bank has selected Temenos for its core banking infrastructure — used by over 3,000 financial institutions worldwide.
Our Services ↗Regulatory alignments, payment networks, and institutional partnerships (as approvals are obtained).
US Deposit Insurer
CA Deposit Insurer
US Central Bank
Charter Authority
CA Central Bank
CA Regulator
CA e-Transfer Network
US P2P Network
US Instant Payments
Real-Time Payments
Card Network
Card Network
Card Network
Card Network
Global Wire Network
Lynx / ACSS
Housing Partner
Parent Company
Our regulatory posture, staged approvals, and legal safeguards — documented clearly.
WestNet Bank (a division of WestNet N.A.) has filed a national bank charter application with the OCC and initiated pre-application consultation with the Federal Reserve. OSFI consultation (Canada) is underway. All approvals are pending; no deposits are accepted until approvals are granted.
FDIC coverage (up to $250,000 per depositor per ownership category, US) and CDIC coverage (up to $100,000 per depositor per category, CA) will apply only after regulatory approvals and when deposits are first accepted. Nothing here is an offer to insure deposits.
Customer data is governed by Canada's PIPEDA and the US Gramm-Leach-Bliley Act. Data is retained only as required for regulatory compliance, encrypted at rest and in transit, and never sold to third parties.
WestNet Bank operates a BSA (US) and PCMLTFA (CA) aligned AML/CFT program including: KYC/KYB onboarding, OFAC + OSFI sanctions screening, real-time transaction monitoring, and SAR/STR reporting capability.
Terms of Service, Privacy Policy, and account agreements will be published in full upon regulatory approval and charter activation. Early Access registration is subject to our current Privacy Notice, available upon request at banking@westnet.ca.
WestNet Bank will operate as an Equal Housing Lender upon charter approval. NMLS registration will be posted immediately upon issuance. Mortgage products are subject to separate licensing in applicable US states and Canadian provinces.
Straight answers about what WestNet Bank is, what it isn't (yet), and what's coming.
Early-bird perks. Launch timing. Real progress. No noise — only what matters.
Access your early-access account with your registered email and account number.
WestNet Communications Ltd. — Building next-generation financial, credit, insurance, and commerce infrastructure across the United States and Canada.
