Want to exchange CAD for USD? Get the best Grimsby Currency Exchange rates
Currency Exchange In Grimsby
Remitbee online currency exchange broker offers a less expensive, reliable, straightforward, and simple way to exchange money.
In Grimsby, banks are no longer a popular foreign currency exchange. There are numerous brokers specializing exclusively in currency exchange, whether you need it for a holiday, to pay tuition fees or to purchase a property, Remitbee will offer the best exchange rates.
You are working in Canada and get paid in US dollars:
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.
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
You are paying tuition abroad as a Canadian or American paying tuition:
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.
You purchase property in Canada or the USA:
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.
Things To Consider When Choosing A Currency Exchange Broker In Grimsby
While selecting an online currency broker, you must first figure out your goals and objectives in investing in currencies. Mainly because every forex currency broker has advantages and disadvantages. These are some of the most important things to consider:
Background of and regulation of the company
Exchange fees and rates
Transparency
Ease of use and reliability
Customers' reviews and ratings
Payment methods offered
Credibility and security
Customer service
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.
Unlike other brokers and Banks in Grimsby, Remitbee exclusively deals with currency exchange, and that's how it can offer it at a less reasonable cost.
While mainstream banks take advantage of the fact that the majority of customers are unaware of other options for currency exchange and continue to charge higher rates, Remitbee is on a mission to keep fees and exchange rates as low and transparent as possible.
Aslo the company aims to ensure you can exchange currency online from the comfort of your home while feeling safe that you're getting the best exchange rate.
Remitbee Currency Exchange's Loyal Customers In Grimsby
- Stock traders
If you're a stock trader, avoid low rates offered by other brokerages and local banks and maximize your earning by exchanging currency to buy CAD or USD stocks with Remitbee.
- Freelance worker
Grimsby freelance workers getting paid in USD can take advantage of Remitbee zero fees and save up to $2,000 annually on a salary of USD 250,000.
Remitbee uses impenetrable Data Encryption to keep your money and information safe; additionally, it's regulated by FINTRAC. As such, you can rest assured your cash and date are safe.
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