Loop is a financial technology company and not a bank.

The Loop US Dollar Business Accounts are provided and issued by Lewis & Clark Bank, Member FDIC. Funds deposited into US Dollar Business Accounts may be eligible for up to $250,000 of FDIC insurance. The FDIC’s deposit insurance coverage only protects against the failure of a FDIC-insured depository institution.

The Loop Global Visa Card is issued by EQ Bank pursuant to license by Visa Int. Trademark of Visa International Service Association.
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Loop is headquartered at 410 Adelaide St W, Toronto Ontario, Canada.