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
You can change your currency from anywhere in Cranbrook! Whether at the comfort of your house or on the go, with the Remitbee App, you can exchange money wherever you are.
The company's online currency platform uses cutting-edge encryption to ensure your money is safe.
Choose Remitbee online currency exchange and enjoy zero fees when you exchange at least $10 between a currency pair!
Most people don't question the exchange rate, they get it at the mainstream bank. As a result, many banks usually get away with unfair rates by offering you lower than the real exchange rate. With Remitbee, you'll get the real exchange rate from USD to CAD or vice versa.
Besides, the online currency exchange partnered with all central banks in Cranbrook so that you can conveniently and quickly exchange currency.
Globally, stock trading and investing top many people's list of priorities, and taking advantage of US stocks can be beneficial.
If you're in the investing space, you've probably tried other service providers that may charge you up to 2% to convert CAD to USD. While this fee may seem favorable compared to what many banks charge for currency exchange, Remitbee charges you $0.
Certainly you may need to exchange currency to fund your education as a foreign student. Tuition, more so for international students, can be expensive, and most learners pay an average of CAD 32,019.
Suppose you choose a traditional currency exchange service like your bank! You could potentially lose around USD 1,200 per year. Imagine that for a moment.
If you're a snowbird who loves the warm weather of May or wants to earn passive money from property investment, how much you lose on currency exchange fees can be a concern.
Did you know you could get up to USD9,000 on CAD531,000 when using Remitbee? Now you know! Most current exchange companies make supernormal profits through charging high exchange currency rates.
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.