Want to exchange CAD for USD? Get the best Guelph Currency Exchange rates
Currency Exchange In Guelph
Most people in Guelph prefer Remitbee since it does not charge fees on top of the exchange rate you get online.
Also, the company's main focus is to help you get the most out of your hard-earned money with the best rates and swiftest services!
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.
Why Use Remitbee Currency Broker Instead Of Your Local Bank In Guelph?
- Better exchange rates
Generally, most people don't question the exchange rate offered by their local bank, partly due to trust and reputation; this allows mainstream banks to get away with costly rates by offering you lower than the real exchange rate.
Fortunately, Remitbee is aware of this gap, and they strive to ensure their clients not only the best but also the real-time exchange rates. To confirm the real rate, visit their website and check USD to CAD rates or vice versa. - Credibility
The online currency exchange is regulated and audited by FINTRAC, a reputable government agency. Additionally, the online broker has invested in industry-leading technology to ensure your money and data are safe online and offline.
Remitbee will never charge you a fee to convert your money, and you can convert up to 1 million dollars per day if you have a business account.
Similarly, they have ensured that all money exchanged is fully insured to caution clients against unforeseen losses. - Save money
Assuming you've sold $50,000 worth of products in Guelph. Normally your bank will charge anywhere between 3% to 5% to convert that into CAD. That means you're paying up to $2,500 in conversion fees alone.
On the other hand, Remitbee only takes 0.3% to 0.6% on the conversion rate for making that exchange, saving you more than $2,000. Admittedly, this is the best online broker to exchange large amounts of currency with. - It supports local businesses and startups
The online broker believes that the backbone of Guelph's economy is the small and medium-sized businesses. In this regard, the company participates in incubators and accelerators to help give local businesses a competitive advantage.
Currency Exchange using Remitbee is pretty quick and easy. You require three steps to transact up to $250,000 per day and with no hidden fees.
You only need to send Remitbee direct payment from your local bank account, they will finish the rest.
Let's have a look at the three steps;
What You Should Know About Remitbee Currency Exchange In Guelph
Remitbee currency exchange is only available to those with accounts in Guelph.
Currency exchanges conversion takes up to two working days
An individual can transact up to 250K for and up to 1 million for business accounts.
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