We would presume you want to do a lot of research on US stocks. It’s almost certainly why you landed on this page.
This is the greatest opportunity to earn more. While exchanging your CAD and USD with Questrade, which charges 1.5% both ways, was manageable until now, has not been profitable for you (which at least is better than banks, which charge about 2.5 percent). Nonetheless, you now have access to Remitbee Currency Exchange for free.
If you only want to exchange $100 in your lifetime, you may only be getting back $2 in the end, but if you want to start investing in thousands of dollars, you might be missing out a lot because of the 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
You will have a big choice to make whether you’re shopping across the border for a snowbird or for investment purposes. This is one of the most important decisions you must make when you buy. You need to ensure that a third party doesn’t benefit too much from it.
Don’t allow conventional financial institutions to trap you with unfair interest rates in 2020, the average house price in Canada was $531,000. When making this purchase, you can save nearly $9,000 USD with Remitbee Currency Exchange.
Banks have been able to charge poor exchange rates as they are confident that most customers will agree. They are quoting you a rate that is much smaller than the market value, but most people do not know this.
You can easily find the real exchange rate by doing a search using google. Simply type “usd to cad” or “cad to usd”
Additionally, you will get no fees when you make at least $10 worth of exchange between the two currencies.
We are monitored and audited by FINTRAC, a government operated financial transaction monitoring and research center in Toronto. Have full confidence in your funds.
When you find yourself talking to a customer service agent who only gives canned answers, you are encountering one of the most frustrating aspects of customer service. We will let our Trustpilot and Google review speak for themselves.