Convert your currency online. Anywhere, anytime.
Simply confirm your exchange rate and connect bank accounts and change currencies.
No fees, and our beat-the-bank exchange rates give you 10X more value than your favourite bank!
Imagine you’ve made $50,000 USD. Now it’s time to convert that currency to Canadian. Banks normally charge anywhere from 3% - 5% percent per conversion, meaning you’ve lost up to $2500 just in banking fees.
With Remitbee, a margin of only 0.3-0.6% is added, giving you savings of over $2000.
Exchange currency to buy CAD or USD stocks beforehand to make the most of your money! Avoid low rates offered by brokerages and banks and maximize your earning potential.
For example: Imagine you had $10,000 in CAD that you wanted to use to buy an American stock, your trade platform offers a rate of 1.2648, giving you $7906.38, and we offer a rate of 1.2355 giving you $8093.88. That’s savings of $200 that could go towards more stock.
Canadian remote workers getting paid in USD have an advantage. There is one big drawback, however: you get paid less when you convert the payment into Canadian Dollars. Every time this happens you lose money.
Banks can charge up to 4% to convert USD to CAD. If you use our service, you can save $2,000 each year on a salary of $250,000 USD. By using Remitbee you can put the money you’ve saved into your RRSP, take that vacation you’ve been wanting, or cover bills and expenses.
Whether you’re buying property in the states from Canada or vice versa, exchange rates leveraged by banks can add up. Even a small .007 difference in the exchange rate can mean big savings.
For example, say you have your savings in USD and want to use them to buy a home. On a 20 % downpayment for a place in the Greater Toronto Area, you could save $8,000 CAD.
Suppose you’re a Canadian student studying in the US or a foreign student learning in Canada. The right exchange rate can save you significantly, which means more money for meals, better study materials, and more.
You can save around $1235 USD each year with a small .0386 difference in the exchange rate. The average tuition fees for international students in Canada during 2020-2021 were about $32,019 CAD.
Remitbee Currency Exchange is quick and easy. With only 3 steps in the process, you can exchange up to $250,000 a day ― with no hidden fees! Simply send us direct payment from a bank account, and we’ll do the rest. For exchanging Canadian Dollar to US Dollar you must have a USD account in Canada in order to be eligible. Then Remitbee will direct deposit into the bank account of your choice.