“Float is definitely not a bank” but it has made 4% interest rates accessible to small and midsize business across Canada. On the one hand, it shouldn’t have been necessary for Float to offer this as a feature of its pre‑funded card… As an SMB, if your “Big 5” bank had an accessible API and you could move funds instantly and automatically, then yes, your bank balance is your card limit. Pre-funded becomes instantly-funded. Float would scale its impact. But that’s not the Canada we live in and we’re all still waiting — for open banking, for real-time payment rails, for our funds to settle. And while we wait, it makes strategic sense for fintechs like @floatcard to incentivize businesses to shift a greater share of their cash from a bank account to a fintech account. On the other hand, it’s a necessary addition… A high yield account is not only complementary to Float’s pre-funded card, it’s valuable on its own. Canadian fintechs are rebuilding SMB financial services, product by product, serving new clients in a way that the “Big 5” don’t. These fintechs may have started with different jobs to be done, but the strongest ones are now extending their offerings and adding to their financial services stack.