Are you looking to exchange CAD to USD? Try Remitbee for the best currency exchange service in Colwood!
We’ll help you get the most out of your hard-earned money with the best rates and swiftest transfers!
Compare our rates to other currency exchange services in Colwood
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 Colwood 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:
Though you are residing in Canada, you may be working for an American employer like the other residents in the country. Don’t allow a huge part of your salary to go to high bank fees when you exchange USD to CAD.
Did you know that if you make around $50,000 annually, you could be losing $2,000 when you avail of currency exchanges services in your bank?
Did you know that if you make around $50,000 annually, you could be losing $2,000 when you avail of currency exchanges services in your bank?
01
You buy US stocks from Canada:
Stock trading and investing is a priority for many people around the world, and taking advantage of US stocks can be very beneficial.
If you’re in the investing space, you’ve most likely heard of Questrade! This service charges about 1.5-1.99% for converting CAD to USD. Although this fee is at least better than what many banks charge for currency exchange, Remitbee charges you $0.
You might not see the benefits right away, but as soon as you start investing in the thousands, you’ll begin to see how much you saved from avoiding unfair currency exchange fees!
For example, look at the following compared to Questrade fees:
- $1000 worth of US stocks: That’s about $40 CAD you could be losing
- $50,000 worth of US stocks: That’s about 2,000 CAD you could be losing
02
You’re paying tuition abroad as a Canadian or American
If you’re a student in one of these situations, you’ll need to convert between CAD and USD to fund your education. Tuition can be pricy, especially for international students who pay an average of $32,019 CAD, as of 2020.
Canada has one of the best educational systems in the world. That is why there are plenty of students in the country, including a huge number of international students. If you are one of them, you might be required to convert CAD to USD to fund your tuition fee and other educational costs. Studying in Canada can be expensive, especially for international students. They need to pay around $32,019, according to the 2020 data.
When you exchange currencies using banks and other currency exchange providers, you may be charged up to $1,200 USD annually.
Canada has one of the best educational systems in the world. That is why there are plenty of students in the country, including a huge number of international students. If you are one of them, you might be required to convert CAD to USD to fund your tuition fee and other educational costs. Studying in Canada can be expensive, especially for international students. They need to pay around $32,019, according to the 2020 data.
When you exchange currencies using banks and other currency exchange providers, you may be charged up to $1,200 USD annually.
03
You purchase property in the USA or Canada:
If you are a snowbird, did you find it practical to invest in properties outside to earn more? Can you imagine how much you will lose when you pay unreasonably high exchange fees? Remember that banks and traditional currency exchange providers and banks make a huge profit by charging you high fees with unfair forex rates. Thankfully, you won't lose cash when you exchange currency with RemitBee. Instead, you will be able to save over $9,000 USD on a $531,000 CAD residential property
04
Why choose Remitbee for your currency exchange in Colwood?
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.
100% free
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 Colwood! 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 Colwood:
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 Colwood
If you wish to exchange currencies in Colwood, British Columbia, there is a sea of options to choose from. These banks and traditional currency exchange service providers are located in the accessible parts of the city. Here are some of the banks and traditional currency exchange service providers you may consider: Payline by Ice, Calforex Currency Exchange, International Currency Exchange (ICE), Cash Money, RBC Royal Bank, and BMO Bank of Montreal.
On the other hand, if you want the best currency exchange service provider in Colwood, choose RemitBee! Our services are 100% online. It is also fast, convenient, and secure. We give you the best outstanding service that will allow you to maximize your money.
On the other hand, if you want the best currency exchange service provider in Colwood, choose RemitBee! Our services are 100% online. It is also fast, convenient, and secure. We give you the best outstanding service that will allow you to maximize your money.
We also offer money transfer services to over 50 destinations around the world!
When you send money from Canada abroad costing over $500, your transfer fee is free! You can send money anywhere, including Russia, Brazil, Togo, Uganda, South Korea, Vietnam, Nigeria, and Belgium. When you send less than $500, we will only charge you low fees ranging from $2.99 when you use Interac or $2.99 to $6.99 when using debit!
Compare your options by checking out our free calculator. When you choose RemitBee’s services, you will reap many benefits. We are recognized as one of the best FinTech companies in Canada by Toronto Finance International in 2019! With RemitBee, you can experience a fast, convenient, safe money transfer with competitive exchange rates and low fees!
Compare your options by checking out our free calculator. When you choose RemitBee’s services, you will reap many benefits. We are recognized as one of the best FinTech companies in Canada by Toronto Finance International in 2019! With RemitBee, you can experience a fast, convenient, safe money transfer with competitive exchange rates and low fees!
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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.