We make it easy for you to recognize how a whole lot you’ll get when you use our CAD to USD calculator. We’re completely transparent about this because we’re assured in our competitive exchange rates. Move ahead and examine our rates with other Ontario money exchanges so you can ensure you’re getting the exceptional exchange rates.
We consider it unfair that certain financial institutions continue charging such excessive charges when it comes to your forex wishes, specifically in such delicate instances.
Since you invest in US stocks, we’ll assume you want to do a lot of research. And it’s most likely why you’ve landed on this page in the first place.
Now is your chance to maximize your earnings. Until now, converting your CAD to USD and vice versa with Questrade, which charges 1.5-1.99% both ways, was a viable alternative (which at least is better than banks, which charge about 2.5 percent). However, you can now use Remitbee Currency Exchange for free.
If you only intend to trade only $100 in your lifetime, the change may not be worth it - you’ll save $4 (about $2 each way) - but once you start investing in the thousands, you could be losing a lot of money just on fees.
Consider the following compared to Questrade fees:
- $1000 worth of US stocks: You could be losing out on about 40 CAD profit.
- $50,000 worth of US stocks: That’s about 2,000 CAD you could be losing
Banks have been able to get away with poor exchange rates because they know that most consumers would not challenge the rates they are offered. The exchange rate they give you is slightly lower than the actual rate, but most people are unaware of this.
The real exchange rate can be found with a quick google search. Simply type “usd to cad” or “cad to usd” into the search box.
You will get zero fees when you swap at least $10 between the two currencies, in addition to very favorable rates.
We are supervised and audited by FINTRAC, a Canadian government agency, as a Toronto foreign exchange service. Have confidence in the security of your funds.
Nothing is more irritating than talking to a customer service representative who responds with generic, rehearsed responses. We’ll let our optimistic Trustpilot and Google customer service feedback speak for themselves.