It’s easy. Simply use our CAD to USD calculator and you’ll see how much you’ll get. We’re completely straightforward about this since we take pride in our competitive exchange rates. Feel free to compare our rates with other Barrie money exchanges so you can guarantee that you’re getting the best exchange rates.
Charging high fees when it comes to your foreign exchange needs is unfair but certain financial institutions continue to do that even in such challenging times.
We’re assuming that since you take advantage of US stocks, you must’ve done a lot of research and probably why you’ve reached this page.
At present, you now have another chance to capitalize on your benefits.You can use Questrade in converting your CAD to USD and vice versa but you’ll be charged with 1.5-1.99 % both ways (it’s even a little better than bank because they charge about 2.5%). Or, you can use Remitbee Currency exchange and be charged with zero fees.
If you will only exchange $100 in your lifetime, it could be understandable not to make the change since it’ll only save you $4 (about $2 each way). But, what if you start to invest over the thousands?
Consider the following compared to Questrade fees:
- $1000 worth of US stocks: You could be missing out on around 40 CAD profit.
- $50,000 worth of US stocks: That’s about 2,000 CAD you could be losing
Are you a snowbird? So you’ve acquired a property across the border because you need a place to hide away during the winter? Or perhaps you want to earn by investing in properties on the other side? It is a significant choice to make. Making sure that a third party doesn’t earn so much off your purchase is one of the most important decisions you’ll make.
Do not allow traditional institutions to benefit off your deserved cash money with their unreasonable rates. The average home price in Canada was about 531,000 CAD in 2020. By using Remitbee Currency exchange for this purchase, you could be saving over $9,000 USD compared to top banks.
Most people will not question the exchange rates offered by the bank because of their trustworthy position in the community. However, what most people don’t know, the exchange rate that they offer is significantly lower than the real exchange rate.
The real exchange rate is available through a quick google search. Just type “usd to cad” or “cad to usd.”
The very competitive rate is just one thing. Another thing is that when you exchange a minimum of only $10 between the two currencies, you get to enjoy zero fees.
Our foreign exchange service is regulated and audited by FINTRAC, an agency of Canada’s government. A big assurance that your money is well protected.
We understand the feeling of speaking to a customer service representative with universal replies. Our personal approach is revealed by customer reviews on Trustpilot and Google.