Using our CAD to USD calculator, you can easily figure out how much you will get. Relying on competitive exchange rates, we are completely transparent in this regard. Compare our rates with other East York currency exchange offices to ensure you get the best rate.
We believe that it is unfair for certain financial institutions to continue to charge such high fees for their foreign exchange needs, especially during these turbulent times.
Since you are buying U.S. stocks, we assume that you do a lot of research. This is most likely the first reason you visited the website.
Now you have a new opportunity. So far, using Questrade to convert Canadian dollars to U.S. dollars and vice versa, charging 1.5% to 1.99% in either direction has become a competitive option (at least better than banks calculated at 2.5%). Now you have the opportunity to use Remitbee Currency Exchange, with no fees.
If you only want to convert $100 in your life, it may not be worth the conversion - you will save $4 (about $2 each way), but once you start investing thousands of dollars, you may lose just on commission alone. Compared with Questrade fees, please note the following:
- Investing $1,000 in U.S. stocks: You may lose $40 in profits
- $50,000 of stocks: You may waste about 2,000 Canadian dollars
Whether you are shopping at a border like a snowbird, looking for a place to live in cold weather, or profiting by looking for investment in real estate on the other side, this is an important one to be decided. One of the most important decisions you need to make is to ensure that third parties do not make improper profits from your purchases.
Don’t let traditional institutions use your income by charging high interest rates. In 2020, the median house price in Canada is CAD 531,000. Compared with major banks, using Remitbee currency exchange can save $9,000.
Banks know that most people will not doubt the exchange rate they accept, so they avoid punishment at the cost of a low exchange rate. They are much lower than the actual exchange rate but most people don’t know.
The current exchange rate can be determined by a quick search on Google. Just enter “usd to cad” or “cad to usd” in the search box.
There is no commission for exchanges fees of at least $10 between the two currencies and very competitive fees.
The Canadian company FINTRAC is an agency of the Canadian government, which regulates and verifies our currency exchange. Rest assured that your funds are safe and secure.
There is nothing like making you feel frustrated with having to talk to a customer service representative who will provide you with general, drilled answers. We’ll let the positive customer reviews on Trustpilot and Google show how much we care about our customers.