Question 1

What is RemitBee Currency Exchange and how can I use its USD/CAD currency converter?

Accepted Answer

RemitBee currency exchange allows you to deposit money into your US account, and exchange it for Canadian dollars quickly and easily, and vice versa!

Question 2

What are the advantages of using RemitBee for US currency exchange?

Accepted Answer

All transactions are done online at one of the best exchange rates available. Signup and sending is easy. Sending can be done on the mobile app or on the website on the go. RemitBee currency exchange gives better rates and deals than Canadian banks, including TD Bank currency exchange, Scotiabank currency exchange, and Royal Bank / RBC currency exchange.

Question 3

Is using RemitBee for currency exchange secure?

Accepted Answer

Transfers are done using a high level of security and your details are kept secure with RemitBee technology. The money exchanged is taken from your bank account and deposited back into your bank account, quickly and securely.

Question 4

Are there any fees to exchange money?

Accepted Answer

RemitBee allows you to exchange money with ZERO fees.

Question 5

Which currencies are available to exchange?

Accepted Answer

At the moment RemitBee exchanges USD/CAD and CAD/USD. In the future more currency pairs will be available for your exchange needs.

Question 6

How are the mid-market exchange and consumer exchange rates different, and what does this mean for my currency exchange?

Accepted Answer

Mid-market exchange rate is basically the real exchange rate between two currencies. It’s what financial institutions, like your bank, use to trade with other financial institutions. Unfortunately, these rates are often only reserved for transfers dealing with a ton of money— more money than the average person would ever deal with. The consumer exchange rate is the rate you’re most likely used to dealing with. The consumer exchange rate is a combination of the market exchange rate plus whatever amount the financial institution (in most cases, your bank) charges in order to make a profit. It’s best practice to use the mid-market exchange rate as a benchmark when you’re looking for the best rates. The closer the exchange rate is to the market exchange rate, the better. RemitBee offers a competitive rate that is transparent and you always know up front how much you will get.

Question 7

Is there a limit on how much I can exchange?

Accepted Answer

Yes, RemitBee has a daily limit on how much you can send. The amount of money you can send daily and monthly depends on your verification level with RemitBee. If you are verified you can exchange up to $250,000 per day.

Question 8

Is it true that Remitbee offers better currency exchange rates than all Canadian banks?

Accepted Answer

Unlike banks, RemitBee specializes in currency exchange and is able to offer it at a lower cost. Big banks take advantage of the knowledge that most people don’t know there are other options for international transfers. So they continue to charge higher rates than other services because for many years consumers have not known better. Banks disguise their high exchange rates with complicated fee structures which leave consumers naive about how much money they’re losing. RemitBee is on a mission to keep our fees and exchange rate transparent so that you can transfer money internationally, while feeling safe that you’re truly getting the best exchange rate. With us, you’ll always know how much you pay, and how much you get. Sign up now to start saving today.

Question 9

Do I need a USD bank account to use RemitBee Currency Exchange?

Accepted Answer

Yes! In order to use our exchange, you must have Canadian bank accounts that hold USD and CAD. Your exchange takes place directly between these bank accounts.
 
 Just login to your RemitBee account and then go to the exchange currency section and connect your bank accounts. If for any reason your bank does not connect, you can reach out to customer care and they can manually add the bank information for you.

Fast, Secure Currency Exchange

CAD

USD

From US dollars to Canadian dollars, and vice versa

Why use RemitBee for currency exchange?

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