Float Card
The Float corporate card is a Canadian business spending solution built for teams that need control, real-time visibility, and simpler accounting. It offers both prepaid and charge card models, physical and virtual cards, a dedicated USD wallet, and integrations with major accounting platforms. For many small and mid-sized businesses, Float replaces clunky expense reports and lowers the friction of managing employee spending.
What is the Float corporate card?
Float provides business payment cards—not personal credit cards—designed for company use. Cards can be issued to individual team members and managed from a web dashboard. Physical and virtual cards work for in-store and online purchases, and card-level controls let finance teams limit both amounts and merchant types. Importantly for Canadian businesses, Float can issue a USD card that lets companies hold and spend from a US-dollar balance without opening a US bank account.
Two ways to use Float: prepaid vs charge card
Float supports two distinct models depending on how a business prefers to manage cash flow.
Prepaid
- Businesses fund a Float balance in advance and employees spend from that pool.
- Spending is restricted to funds already deposited, eliminating unexpected overages.
- Good for teams that want strict cash control or are not ready for a credit facility.
Charge card
- Float provides a credit limit that the business can use throughout the billing cycle and must pay in full on the billing date.
- No interest if the balance is paid on time; businesses get up to 30 days to repay depending on the billing cycle.
- Float underwrites based on business revenue, cash flow, and history. There is no personal credit check and no personal guarantee required.
- Best for businesses that want short-term, interest-free working capital without exposing owners to personal liability.
USD card: simplify US-dollar spending
Float’s USD wallet allows businesses to hold funds in US dollars and issue USD cards. This is useful for recurring software subscriptions or vendor payments in USD because it avoids the typical 2.5% foreign exchange fee charged by many Canadian cards. Funds can be added by converting CAD through Float or by receiving USD from clients. This removes the need for a US bank account and simplifies cross-border expense management.
Spend management tools and card controls
Float focuses on giving finance teams granular controls over employee spending. Features include:
- Per-card spending limits (daily, weekly, monthly)
- Merchant or category restrictions so cards can be limited to gas stations, software subscriptions, or other specific vendors
- One-time virtual cards for single purchases or events
- Instant pause or cancellation if a card is lost or a role changes
These controls let teams decentralize purchases while retaining centralized oversight, which reduces micromanagement without increasing risk.
Receipt collection and approval workflows
Float automates receipt capture and approvals. After a transaction, employees receive a prompt to upload a receipt and add a short note explaining the purchase. Approval flows can be configured so requests for cards or limit increases route to managers. The result is less email back-and-forth, fewer missing receipts, and cleaner expense records.
Accounting integrations and reconciliation
Float integrates directly with leading accounting platforms including Xero, QuickBooks Online, NetSuite, and Sage Intacct. It also supports CSV exports for other systems. Key accounting benefits:
- Transactions sync with correct coding and attached receipts
- Each card can map to a specific general ledger account
- Receipts and employee notes show up alongside transactions for a clearer audit trail
- Month-end reconciliation and vendor matching become significantly faster
Pricing and plan options
Float’s pricing is tiered to match different business needs.
- Free (Essentials): Includes prepaid and charge card access, basic spending controls, receipt collection, and integrations with Xero and QuickBooks Online. A good starting point for small teams or companies that want to trial the platform.
- Professional: Adds priority support, onboarding assistance, advanced spending controls and approval workflows, enhanced accounting automation, and a direct NetSuite connection. Best for growing teams with multiple active spenders.
- Enterprise: Custom pricing with dedicated customer success, custom implementation and data migration, tailored credit terms, underwriting support, and bespoke pricing or rewards arrangements.
The free plan often suffices for small businesses getting started. Professional is ideal for those who need faster onboarding, stronger controls, and deeper automation.
Pros and cons — who should use Float?
Pros
- No personal guarantee or personal credit check for the charge card makes it easier to obtain business credit without owner liability.
- Flexible funding models: prepaid or charge card.
- USD wallet eliminates repeated FX fees for US-dollar expenses.
- Robust controls and approval workflows reduce admin and spending risk.
- Direct integrations with major accounting software speed up reconciliation and create an audit-ready trail.
Cons
- Charge card requires full payment each billing cycle; no option to carry and pay interest like a traditional credit card.
- Small or very new businesses with limited revenue may not qualify for charge credit initially.
- Rewards are cash-back oriented and do not integrate with travel or airline points programs.
Overall recommendation
Float is a strong choice for Canadian small to mid-sized businesses that need modern spend management, cleaner bookkeeping, and a simple way to handle US-dollar expenses. The choice between prepaid and charge models provides flexibility for different cash-flow preferences, and integrations with Xero and QuickBooks Online make it especially attractive for teams focused on efficient month-end processes.
Businesses seeking longer-term revolving credit, or those heavily invested in traditional travel rewards, should evaluate other card options before deciding. For organizations wanting to reduce receipt chasing, prevent rogue spend, and streamline reconciliation, Float is worth testing, starting with the free plan and upgrading as needs grow.
Float gives teams the controls of an expense management system with the simplicity of a payment card ideal for companies that want visibility, cleaner books, and fewer headaches.
