Are you looking to exchange CAD to USD? Try Remitbee for the best currency exchange service in Cambridge!
Save that hard-earned money with our best rates and the quickest transactions!
Compare our rates to other currency exchange services in Cambridge
Transparency is one of our top priorities! We strive to make sure that you know exactly how much you’ll get when you use our exchange service, as we try to give you the most competitive rates in Cambridge possible!
We think it’s unfair that some financial institutions charge high fees for currency exchange services, so we want to work to offer you a more affordable option!
Do any of these apply to you? If they do, Remitbee currency exchange might be a good option for you:
You get paid in USD but you live in Canada:
Working for an American employer as a Canadian has become a more popular occurrence. You don’t want to lose out on your hard-earned money by paying unfair bank fees!
For example, if you make 50k a year, you could potentially be losing around $2,000 in currency exchange fees if you use a currency exchange service at your bank.
For example, if you make 50k a year, you could potentially be losing around $2,000 in currency exchange fees if you use a currency exchange service at your bank.
01
You buy US stocks from Canada:
If you wish to use your money to invest in blue-chip stocks in the US or multiple companies, the US stock market is the perfect place for you.
Questrade is one of the most popular stock brokers in Canada. They offer to convert CAD to USD for 1.5 to 1.99 percent. Although they have a cheap conversion rate, it is already huge for people who do not have so much. With RemitBee, you can convert CAD to USD free of charge! Yes, you read it right. You will not have to pay for anything when converting with Remitbee.
Let's use actual digits to explain this further and see how much you'll spend if you choose Questrade in converting money:
For every $1,000 investment in US stocks, you will be charged CAD 40.
That means that if your investment reaches $50,000, you will be losing CAD 2000!
Questrade is one of the most popular stock brokers in Canada. They offer to convert CAD to USD for 1.5 to 1.99 percent. Although they have a cheap conversion rate, it is already huge for people who do not have so much. With RemitBee, you can convert CAD to USD free of charge! Yes, you read it right. You will not have to pay for anything when converting with Remitbee.
Let's use actual digits to explain this further and see how much you'll spend if you choose Questrade in converting money:
For every $1,000 investment in US stocks, you will be charged CAD 40.
That means that if your investment reaches $50,000, you will be losing CAD 2000!
02
You’re paying tuition abroad as a Canadian or American
It is not cheap to attend school, let alone study abroad. The money they get is subtracted when converted, aside from paying your tuition, accommodation, food, and bills. This is a problem that many international students in Canada are facing.
An international student studying in Canada spends roughly $32,019 per year, according to studies from the year 2020. Currency exchange services provided by traditional forex providers and banks have the disadvantage of being pricey. International students, for example, spend around USD 1,200 on currency conversion services!
03
You purchase property in the USA or Canada:
These days, real estate investment is becoming increasingly popular. Assume you want to buy a home in Canada or the United States. It is not surprising then that traditional currency exchange companies and banks are unfair.
Don't worry, though! In moments like these, RemitBee is always there to help. Many consumers who have used our services have saved a lot of money on their house purchases. You can also make a save! For example, you can save up to USD 9,000 on every CAD 531 000 residential property you buy with RemitBee.
Don't worry, though! In moments like these, RemitBee is always there to help. Many consumers who have used our services have saved a lot of money on their house purchases. You can also make a save! For example, you can save up to USD 9,000 on every CAD 531 000 residential property you buy with RemitBee.
04
Why choose Remitbee for your currency exchange in Cambridge?
Much better than the average bank
Many people don’t question the exchange rate they’ve given at a bank, which has allowed banks to get away with unfair rates and offering you lower than the real exchange rate. To find the real exchange rate, simple google, ‘USD to CAD’ or vice versa.
Zero fees
Enjoy zero fees when you exchange a minimum of $10 between a currency pair!
We’re Canadian!
We are regulated and audited by FINTRAC, a government agency. Because we’re an online company, security is a #1 priority, and we make sure your money is protected.
Need some help? Our customer service team is always available
Our service is almost always smooth and swift, but in case anything goes wrong, we’re here to help! Check out our positive reviews on Trustpilot and Google to see how much we care about our customers!
Swifty exchange currency online!
Send from anywhere in Cambridge! Whether you’re at home or on the go, the Remitbee App allows you to currency exchange wherever you are! Our online currency platform uses top-notch encryption to make sure that your money is safe!
We are also partnered with all major banks in Canada so that you can conveniently and swiftly send your money!
We are also partnered with all major banks in Canada so that you can conveniently and swiftly send your money!
How to exchange currency in Cambridge:
Step 1. Create your free account: click here to sign up!
Step 2. Verify your identity: To keep you safe, we need to verify it’s you.
Step 3. Start your exchange: Enter the amount and currency pair you want to exchange.
Step 4. Connect your Canadian bank account: Make sure to connect the bank account you’d like to deposit your money into!
Step 5. Connect your US bank account: Connect the bank account you’d like to deposit your money into!
Step 6. Confirm your exchange: Your money will be exchanged automatically and deposited.
More about currency exchange in Cambridge
Many Canadian bank branches and ATMs in Cambridge City offer currency exchange services. To mention a few, there's CIBC, Scotiabank, TD Canada Trust Branch, and RBC Royal Bank.
Even though the ones mentioned are excellent, nothing in Cambridge compares to what RemitBee offers. There are various advantages to using our platform. It's not only simple to use, but it's also safe, convenient, and speedy. Remitbee ensures that you get the most out of your money!
Even though the ones mentioned are excellent, nothing in Cambridge compares to what RemitBee offers. There are various advantages to using our platform. It's not only simple to use, but it's also safe, convenient, and speedy. Remitbee ensures that you get the most out of your money!
We also offer money transfer services to over 50 destinations around the world!
When you send transfers over $500, you send for free! We have a long list of recipient countries including Pakistan, India, and Sri Lanka. If you’re sending less than $500, you can still enjoy low fees of $2.99 using Interac, or $2.99-$6.99 using debit! If you’d like to compare your options, check out our fee calculator. Remitbee has been recognized as one of the top FinTech companies in the area by Toronto Finance International in 2019! Aside from our fast sending times and low fees, we also have very competitive exchange rates!
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faqTitle
What is Remitbee Currency Exchange and how can I use its USD/CAD currency converter?
Remitbee currency exchange allows you to deposit money into your US account and exchange it for Canadian dollars quickly and easily, and vice versa!
What are the advantages to using Remitbee for US currency exchange?
All transactions are done online at one of the best exchange rates available. Signup and sending is easy. Sending can be done on the mobile app or on the website on the go. Remitbee currency exchange gives better rates and deals than Canadian banks, including TD Bank currency exchange, Scotiabank currency exchange, and Royal Bank / RBC currency exchange.
Is using Remitbee for currency exchange secure?
Transfers are done using a high level of security and your details are kept secure with Remitbee technology. The money exchanged is taken from your bank account and deposited back into your bank account, quickly and securely.
Are there any fees to exchange money?
Remitbee allows you to exchange money with ZERO fees.
Which currencies are available to exchange?
At the moment Remitbee exchanges USD/CAD and CAD/USD. In the future more currency pairs will be available for your exchange needs.
How is the mid-market exchange rate and consumer exchange rate different and what does this mean for my currency exchange?
Mid-market exchange rate is basically the real exchange rate between two currencies. It’s what financial institutions, like your bank, use to trade with other financial institutions. Unfortunately, these rates are often only reserved for transfers dealing with a ton of money— more money than the average person would ever deal with. The consumer exchange rate is the rate you’re most likely used to dealing with. The consumer exchange rate is a combination of the market exchange rate plus whatever amount the financial institution (in most cases, your bank) charges in order to make a profit. It’s best practice to use the mid-market exchange rate as a benchmark when you’re looking for the best rates. The closer the exchange rate is to the market exchange rate, the better. Remitbee offers a competitive rate that is transparent and you always know up front how much you will get.
Is there a limit on how much I can exchange?
Yes, Remitbee has a daily limit on how much you can send. The amount of money you can send daily and monthly depends on your verification level with Remitbee. If you are verified you can exchange up to $50,000 per day.
Is it true that Remitbee offers better currency exchange rates than all Canadian banks?
Unlike banks, Remitbee specialises in currency exchange and is able to offer it at a lower cost. Big banks take advantage of the knowledge that most people don’t know there are other options for international transfers. So they continue to charge higher rates than other services because for many years consumers have not known better. Banks disguise their high exchange rates with complicated fee structures which leave consumers naive about how much money they’re losing. Remitbee is on a mission to keep our fees and exchange rate transparent so that you can transfer money internationally, while feeling safe that you’re truly getting the best exchange rate. With us, you’ll always know how much you pay, and how much you get. Sign up now to start saving today.