Want to exchange CAD for USD? Get the best Brossard Currency Exchange rates
You work hard, so make sure to get the most out of your money at better rates than top banks. If you’re looking for the best places to exchange currency in Brossard, try Remitbee!
Currency Exchange In Brossard
Remitbee is the most trusted online broker to exchange currency in Brossard. You’ll be able to exchange funds faster and efficiently to 50 plus countries worldwide, including the Philippine’s peso , Sri Lankan Rupee, and Indian Rupee.
Similarly, if you want to transfer funds from Brossard your beneficiary can receive the funds sent via Remitbee in bank deposit; cash pick-ups are door-door delivery.
Similarly, if you want to transfer funds from Brossard your beneficiary can receive the funds sent via Remitbee in bank deposit; cash pick-ups are door-door delivery.
If any of the following apply to you, Remitbee online currency exchange may be a good fit:
You are working in Canada and get paid in US dollars:
It’s becoming more common to work for a U.S. company while living in Canada. If you’re a freelancer or contracted at an American company, you want to make sure you avoid unfair rates and fees when exchanging currency.
For context, you could be losing about $2,000 in currency exchange fees if you make 50k salary a year, and use currency exchange services through your bank.
For context, you could be losing about $2,000 in currency exchange fees if you make 50k salary a year, and use currency exchange services through your bank.
01
You buy US stocks:
If you’re interested in investing and buying US stocks in Canada, you need to check out other options when it comes to exchanging currency.
With Remitbee currency exchange, you can get the most out of your trading. Questrate, which is a popular option for those converting CAD to USD, charges 1.5-1.99%. However, Remitbee Currency Exchange charges you zero fees.
Once you start to invest in the thousands, you could be losing a ton of money just on fees alone! For example: Consider the following compared to Questrade fees:
- $1000 worth of US stocks: You could be losing about $40 CAD.
- $50,000 worth of US stocks: You could be losing about $2,000 CAD
02
You are paying tuition abroad as a Canadian or American paying tuition:
If you live in Canada as an American or the USA as a Canadian, you’ll need to exchange USD to CAD or vice versa in order to pay tuition. In Canada, the average tuition fees for international students was $32,019, as of 2020.
If you choose a more traditional method to exchange currency like your bank, you could potentially be losing out on about $1200 USD per year.
If you choose a more traditional method to exchange currency like your bank, you could potentially be losing out on about $1200 USD per year.
03
You purchase property in Canada or the USA:
If you are investing in properties across the border, or simply have a home in the other country, you’ll want to make sure you are losing out.
In 2020, the average house in Canada cost about 531,000 CAD. Using Remitbee currency exchange could allow you to save over $9,000 USD; much more than you would save from bank currency exchange services.
In 2020, the average house in Canada cost about 531,000 CAD. Using Remitbee currency exchange could allow you to save over $9,000 USD; much more than you would save from bank currency exchange services.
04
Why choose Remitbee FX in Brossard
Security
The FX broker is regulated by FINTRAC and has a separate account at major Canadian financial institutions.
Convenience
Remitee offers same-day delivery of funds to your desired destination.
Transparency
As you already know, with Remitbee, you'll get a written confirmation of the agreed Forex exchange rate before you send your funds.
No transaction fees
Any time you exchange a minimum of $10 between a currency pair, you enjoy zero fees!
Customer service
Remitbee understands that fast, efficient, and friendly service makes a difference. As such, their customer service is pretty smooth and swift.
Competitive exchange rates
Remitbee rates beat the bank's exchange rate. It can save you hundreds to thousands of dollars. Indeed, they normally call the banks daily to ensure their exchange rates are way better.
Remitbee Currency Exchange Rates And Fees
Unlike other currency exchange companies, Reminitbee is transparent in terms of its fees. Charges and the applicable exchange rates are usually displayed upfront on the website.
The advantage of using Remitbee in Brossard is that the first transaction you make is free of charge.
The advantage of using Remitbee in Brossard is that the first transaction you make is free of charge.
How To Exchange Currency With Remitbee
With Remitbee you need to pass different tiers of verification to be able to send higher amounts of money. To increase your sending limits you will need to provide your personal information and upload certain documents.
Step 1. Create an online account : Sign up for a Remitbee online personal or business account using your username, email, and password. Then, verify your Brossard cell phone number and email to access the dashboard.
Step 2. The next step is verifying your identity : Probably you want to exchange a considerable amount of up to CAD$3,000 daily. To enjoy Remitbee services, ensure you verify your identity and address. You don’t need to worry about the process, as you can effortlessly do this by sending in a recent copy of your bank, master card statement, or even a utility bill bearing your name and address. The verification process takes approximately 96 hours.
Step 3. Key in the amount and currency you want to exchange : Enter the amount you’d like to trade, and Remitbee will display the exchange rate and any other fee.
Step 4. Choose a payment method : You can receive your Remitbee money using your Remitbee wallet, Visa or Master debit cards, or Interac Online.
Currency Exchange Rates
Depending on which currencies you’re exchanging. The main competitive advantage of Remitbee is its competitive rate and their margins are pretty low above the mid-market rate.
Here’s a selection of the rates Remitbee will charge:
Brossard-India: The margin is 0.50%
Brossard-Philippines: The margin is 0.55%
Brossard- France: The margin is 1.05%
Brossard-South Africa: The margin is 2.80%
Brossard-Australia: The margin is 1.32%
As you can see, the size of the margin depends mainly on the currency you want to exchange. Popular destinations like India, the Philippines, and Sri Lanka have the best exchange rates, while less frequented destinations like South Africa attract a higher exchange rate.
Here’s a selection of the rates Remitbee will charge:
Brossard-India: The margin is 0.50%
Brossard-Philippines: The margin is 0.55%
Brossard- France: The margin is 1.05%
Brossard-South Africa: The margin is 2.80%
Brossard-Australia: The margin is 1.32%
As you can see, the size of the margin depends mainly on the currency you want to exchange. Popular destinations like India, the Philippines, and Sri Lanka have the best exchange rates, while less frequented destinations like South Africa attract a higher exchange rate.
It gets even better: we offer money transfers in Canada to order 50 destinations!
If you need to transfer money, we’re your service! If you send more than $500 CAD, your transfer is free! Send to over 50 destinations, including the Philippines, Sri Lanka, India, and Pakistan. If you’re sending less than $500, we charge a small fee of $2.99 when using Interac, or $2.99-$6.99 when you use Debit. If you want to compare your options, check out our fee calculator. Remitbee has been recognized as one of the top FinTech companies in the area by Boisbriand Finance in 2019! We offer very competitive rates, low fees, and fast transfer times that make us a great choice when you need to send or exchange money.
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Frequently Asked Questions
How to know the conversion value after sending my money through Remitbee?
We have a quick calculator on our website to check the converted amount of your CAD. We've worked hard to offer the best exchange rate as we know how much other banks add to the cost of remitting money abroad. Using Remitbee will surely save you a lot of money in a year!
Can I save money by using Remitbee?
Absolutely! Remitbee is specially designed to cater to a wide range of needs and help everyone maximize their budget. Remote employees abroad, scholars, and investors switched to Remitbee for their expenses. With continuous use of Remitbee, $9 000 a year will be saved from unnecessary costs.
What's the exchange rate between CAD and USD in Remitbee?
Remitbee has the best exchange rate here in Mississauga. Every dollar of your USD salary is equivalent to almost 80 cents in CAD if you use Remitbee as the medium of transferring. Thus, if you're paid 780 USD, you can withdraw up to 1,000 CAD. We also don't impose additional fees for amounts higher than $500.
Is it safe to store money in Remitbee's wallet?
Definitely! Our company is registered in FINTRAC, and we follow the country's standards in our operation. We apply the same guidelines used to other Mississauga remittance centers. Thus, we assure you that your money and personal info are safe with us
Do I need to go out when paying for my transactions at Remitbee?
No, it's not necessary! As much as possible, we'd aim to give our clients the easiest, fastest, and most convenient transactions. Sending money through us won't be a hassle if you connect your bank account to your Remitbee wallet, thus eliminating the need to pay through third-party, face-to-face services. You can use your phone or laptop to carry out Remitbee transactions anytime and anywhere!