Source-linked Canadian market index
Virtual cards available in Canada
Most virtual cards available in Canada are digital versions of an existing bank, prepaid, credit, or business account. ReVault takes a different approach: separate card numbers with merchant, category, amount, frequency, and time controls. The software is built, but public ReVault card issuance remains pending a Canadian banking partner and required approvals.
Published by ReVault · Updated
Facts last verified: August 25, 2026
What virtual cards are available in Canada?
For consumers, current first-party sources confirm virtual-card products from KOHO, Wealthsimple, Wise, RBC, and Neo. For businesses, Float, Venn, Airwallex, and OFX document Canadian virtual-card offerings.
These products do not all solve the same problem. Some provide immediate access to one account-linked card, some focus on currencies, and some manage team expenses. ReVault is built around purpose-specific numbers and configurable rules, but it cannot issue cards publicly until its Canadian banking partnership and required approvals are complete.
Digital card, wallet token, or separate card number?
The phrase “virtual card” covers three different payment tools. Knowing which one a provider means is the fastest way to compare them.
- Digital card
- Card details shown in an app or website. The number may be the same as a physical card or different, but it usually spends from the same underlying account.
- Mobile-wallet token
- A device-specific token used by Apple Pay, Google Pay, or another wallet instead of exposing the underlying card number at checkout. It is not a separate funding account.
- Separate controllable card number
- A distinct payment number with its own lifecycle and rules. Closing or changing it does not require replacing every other number attached to the funding account.
ReVault
Built around separate numbers, not a digital copy of one card
ReVault lets a user create purpose-specific card numbers and decide where, when, how often, and how much each one can spend. A card can be restricted to a merchant, a merchant category, a transaction count, an amount, or a time window.
The software is built. Public card issuance is not yet available because ReVault still needs a Canadian banking partner and the approvals required for the live card program. The waitlist is the current access point; launch timing and commercial terms have not been announced.
- Number model
- Separate, purpose-specific card numbers
- Controls
- Merchant, category, amount, frequency, and time
- Public issuance
- Pending a Canadian banking partner and required approvals
- Commercial terms
- Not announced
Confirmed Canadian products
The offers below are grouped by the audience the provider serves. Each description is limited to what the official source confirms.
Summary of offers documented as of August 25, 2026. Check the sources and provider terms. On mobile, scroll the table horizontally.
| Provider | Account type | Documented controls | Source |
|---|---|---|---|
| KOHO | Personal prepaid | Separate number; lock and replace | View |
| Wealthsimple | Personal prepaid | Separate personal Mastercard details; lock and replace | View |
| Wise | Personal or business debit | Separate details; freeze and replace | View |
| RBC Virtual Visa Debit | Personal debit | Account-linked number; issuer-set limits | View |
| Neo | Personal credit, subject to approval | Freeze and alerts; separate number not confirmed | View |
| Float | Business balance or qualifying charge account | Team cards, limits and permissions | View |
| Venn | Business account | Periodic limits, category restrictions, lock and cancel | View |
| Airwallex | Business account balance | Transaction limits, freeze and single-use cards | View |
| OFX | Business account | Budgets, merchant restrictions, lock and cancel | View |
ReVault: software built; public issuance awaits the required banking partnership. Final commercial terms have not been announced.
Consumer virtual cards
These products are tied to a personal prepaid, chequing, debit, credit, or multi-currency account.
KOHO
Consumer
- Account model
- A prepaid Mastercard that spends from the member's KOHO balance.
- How the virtual card works
- Issued digitally when the account is created. Its number is different from the optional physical card and it works online or through a supported mobile wallet.
- Confirmed controls
- The virtual card can be locked, unlocked, replaced, and managed separately from the physical card. Merchant, category, amount, frequency, and time rules per number are not stated by the provider.
- Currencies
- Not stated by the provider.
Wealthsimple
Consumer
- Account model
- A prepaid card connected to an eligible Wealthsimple chequing account.
- How the virtual card works
- Available after the account agreements are signed for online and mobile-wallet use. Wealthsimple states that its personal prepaid Mastercard has different details from the physical card; its business prepaid Visa may use the same number.
- Confirmed controls
- Card lock and replacement are documented. Merchant, category, amount, frequency, and time rules per separate number are not stated by the provider.
- Currencies
- Not stated by the provider on the virtual-card page.
Wise
Consumer
- Account model
- A digital debit card connected to a Wise personal or business account.
- How the virtual card works
- Uses details different from the physical card and can be used online, in store through a mobile wallet, and while travelling.
- Confirmed controls
- Wise documents freezing and replacing a digital card. Merchant, category, frequency, and time rules per number are not stated by the provider.
- Currencies
- The card can spend from balances held in multiple currencies.
RBC Virtual Visa Debit
Consumer
- Account model
- A 16-digit Visa Debit number linked to an eligible RBC personal deposit account.
- How the virtual card works
- Designed for Internet, phone, mail-order, and recurring payments. RBC's agreement says it cannot be used at ATMs, branches, or point-of-sale terminals.
- Confirmed controls
- RBC sets daily purchase and recurring-payment limits and may let the client choose within an issuer-set range. Merchant, category, frequency, and time rules are not stated.
- Currencies
- Foreign-currency transactions are converted to Canadian dollars under the account agreement; it is not a multi-currency balance product.
Neo
Consumer
- Account model
- A virtual version of an approved Neo credit card.
- How the virtual card works
- Available in the Neo app after approval for online purchases and supported mobile wallets. The provider does not state on this page whether the virtual and physical cards use different numbers.
- Confirmed controls
- Neo documents app-based card freezing and transaction alerts. Merchant, category, amount, frequency, and time rules per separate number are not stated by the provider.
- Currencies
- Not stated by the provider on the virtual-card page.
Business virtual cards
These products are designed for employee, team, project, or company spending.
Float
Business
- Account model
- A business card program funded from a company's Float balance, with charge access for qualifying businesses.
- How the virtual card works
- Administrators can create virtual cards for team members. Float documents CAD Visa and USD Mastercard options for online or mobile-wallet payments.
- Confirmed controls
- Built-in card limits and team permissions are documented. Merchant, category, frequency, and time rules are not stated in the source reviewed for this index.
- Currencies
- CAD and USD card programs are documented.
Venn
Business
- Account model
- A business account and card program for Canadian teams.
- How the virtual card works
- Virtual cards can be issued to team members and added to Apple Pay or Google Pay.
- Confirmed controls
- Venn documents weekly, monthly, and one-time limits, category restrictions, and the ability to lock or cancel a card.
- Currencies
- The provider documents CAD and USD accounts.
Airwallex
Business
- Account model
- A virtual Visa business card drawing from an Airwallex account balance.
- How the virtual card works
- Employee and company cards are available to businesses successfully onboarded in Canada, including cards for subscriptions and specific expense categories.
- Confirmed controls
- Airwallex documents per-card transaction limits, instant freeze or cancellation, and single-use cards that expire after payment.
- Currencies
- The card can draw the matching currency from the account balance or convert when that balance is unavailable.
OFX
Business
- Account model
- Employee and company cards connected to an OFX Global Business Account.
- How the virtual card works
- Virtual employee cards support individual spending; virtual company cards support subscriptions, bills, and recurring business costs.
- Confirmed controls
- OFX documents spend limits, budgets, approval policies, merchant-category controls, merchant restrictions, and card lock or cancellation.
- Currencies
- The provider documents spending from supported currency balances and international use where Visa is accepted.
Is Privacy.com available in Canada?
No. Privacy.com says it is currently available to US citizens or legal US residents who meet its US account, phone, identification, and physical-address requirements. It does not support international addresses.
A Canadian address, Canadian phone number, and Canadian bank account do not meet those eligibility rules. ReVault's separate-number model is built for Canada, but public issuance remains pending its Canadian banking partner and required approvals.
Which kind of virtual card fits each use case?
Start with the account model and control you actually need, then confirm current eligibility and terms directly with the provider.
- 01
Immediate digital access
KOHO, Wealthsimple, and Neo document virtual access before or without waiting for a physical card, subject to account opening or approval.
- 02
Multi-currency spending
Wise documents consumer and business spending from multiple currency balances. Airwallex and OFX document multi-currency capabilities for business accounts.
- 03
Subscriptions
An account-linked virtual card can keep physical card details out of a merchant database. A separate number with its own controls can also isolate recurring charges. Always cancel the service with the merchant; replacing a card does not necessarily cancel a contract or tokenized payment.
- 04
Team spending
Float, Venn, Airwallex, and OFX document virtual cards for employees or company expenses with different combinations of limits, permissions, budgets, and category controls.
- 05
Separate controlled card numbers
ReVault is built for purpose-specific numbers with merchant, category, amount, frequency, and time rules. Public card issuance remains pending a Canadian banking partner and required approvals.
How this index is maintained
Every provider statement above was checked against the linked first-party source on August 25, 2026. A blank or unsupported feature is reported as “Not stated by the provider” instead of being inferred from marketing language, third-party reviews, or an adjacent product.
This page does not rank or endorse providers. It does not use affiliate links, paid placements, review scores, promotional rewards, volatile prices, APRs, or provider signup buttons. Eligibility, product terms, and features can change; verify them with the provider before applying.
The index includes products with a first-party source confirming an actively available Canadian virtual-card offering. Waitlist-only, unverified, offshore, gift-card, and crypto-card products are outside its scope.
Questions Canadians ask about virtual cards
Which Canadian banks offer virtual cards?
RBC offers Virtual Visa Debit linked to an eligible personal deposit account. It is a debit product, not a virtual credit card. Other providers in this index include prepaid, debit, credit and business card programs; being a card provider does not necessarily mean being a bank. Check the account type and eligibility in each official source.
Is every virtual card in Canada a credit card?
No. Virtual describes how card details are delivered, not how purchases are funded. RBC Virtual Visa Debit uses a deposit account, KOHO offers prepaid cards, and Neo offers virtual access to an approved credit card. Choose based on the funding model and controls you need.
Can I get a virtual card in Canada?
Yes. Canadian consumers can find account-linked virtual cards from providers including KOHO, Wealthsimple, Wise, RBC, and Neo. Canadian businesses have additional options including Float, Venn, Airwallex, and OFX. Eligibility, funding model, and controls differ, so compare the provider's current first-party terms.
Which Canadian virtual cards create a different card number?
KOHO, Wise, and Wealthsimple's personal prepaid Mastercard document virtual details that differ from the physical card. RBC documents a separate Virtual Visa Debit number linked to an account. That is not the same as generating a purpose-specific number for each merchant or use case.
Are virtual cards the same as Apple Pay or Google Pay?
No. Apple Pay and Google Pay usually create a device token for an existing card. A virtual card is a set of card details shown digitally, and a separate controllable virtual card has its own number and lifecycle. Some virtual cards can also be added to a mobile wallet.
Can Canadians use Privacy.com?
Privacy.com says it is limited to US citizens or legal US residents who meet its US checking-account, phone, identification, and physical-address requirements. It does not support international addresses, so a Canadian-only banking and address profile is not eligible.
When can Canadians use ReVault cards?
ReVault's software is built, but public card issuance depends on completing a Canadian banking partnership and the approvals required for the live card program. No public launch date or final commercial terms have been announced. The waitlist is the current way to receive availability updates.
Official provider sources
These links are included only as evidence for the facts above. ReVault does not receive affiliate compensation from them.
- KOHO: KOHO virtual card help
- Wealthsimple: Wealthsimple virtual prepaid card help
- Wise: Wise Canada virtual card
- RBC Virtual Visa Debit: RBC Virtual Visa Debit agreement
- Neo: Neo virtual cards
- Float: Float Cards overview
- Venn: Venn virtual business cards
- Airwallex: Airwallex Canada virtual cards
- OFX: OFX Canada virtual cards
- Privacy.com: Privacy.com eligibility requirements
Separate the card number from the spending rule
See how ReVault is built to give each purchase, merchant, or category its own controlled number. Public issuance remains pending the required Canadian banking partnership.