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
By using RemitBee, you avoid losing every time you perform a currency exchange.
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For transactions worth more than $500, we waive transfer fees. For transfers under $500, there is a small fee of $2.99 when using Interac or $2.99–6.99 when using debit.
There are daily and monthly limits depending on your level of verification. We have three verification levels.
The First level: has a limit of 300 CAD per day and 600 CAD per month.
Second level: Maximum 3000 CAD per day, or 25,000 CAD per month
Third level: Maximum 9,000 CAD per day and 90,000 CAD per month