Are you living in Markham and need to exchange currency? Remitbee offers the best CAD to USD currency exchange service.
Transparency is a top priority at Remitbee
We’re tired of banks profiting off of their customers with unfair rates and fees. That’s why we have made it our mission to offer rates we’re proud to be transparent about. When you exchange currency with Remitbee, you’ll get the correct rate, with no hidden or additional fees. We always encourage our customers to compare our rates with other services, so they can make sure they’re getting the best exchange rates possible!
As financial insecurity rises, we think it’s important that financial institutions provide fair and affordable rates to make sure that you aren’t burdened by additional fees, which can add up in the long-run.
I live in Canada, but I get paid in USD
For example, if you stick with using a more traditional currency exchange service, you could be losing around $2,000 in currency exchange fees alone if you make around 50k annually. That’s a lot of money that could be going toward other things!
I buy US stocks as a Canadian
Investing in the US stock market can be very beneficial for making a profit. While we highly encourage learning more about investing and taking advantage of US stocks, choosing the right currency exchange service for swapping your CAD with USD can make or break how much you gain from stock trading.
Many Canadians who invest in the US stock market know of Questrade, which until now, was the most affordable option for exchanging CAD and USD. Although Questrade fees are much cheaper than banks (1.5-1.99% both ways), this small fee can still add up over time. Remitbee has now entered the currency exchange market, and offers zero fees when you exchange!
Now, you’ll only save about $4 with Remitbee if you only invest a small sum of money in your lifetime. However, once you begin to invest in the thousands, the amount you lose if you continue to use a service like Questrade will only increase. Let’s take a look at an example:
- If you buy $1000 worth of US stocks, you could be losing around $40 CAD profit.
- If you buy $50,000 worth of US stocks, you could be losing around $2,000 CAD profit
This is a significant amount of money, so you want to make sure you choose your exchange service wisely if you plan to get the most out of stock trading.
I’m a Canadian paying tuition at an American school” (or vice versa)
Consider this: with the high cost of tuition for international students, you could be losing around $1,200 USD each year, solely because you chose to exchange with a financial institution like your bank.
I purchase property across the border
The average home in Canada costs about $531,000 CAD as of 2020, which means that with higher currency exchange fees comes less money in your pocket. With Remitbee, you could be saving over $9,000 USD, compared to other services on the market.
Why Remitbee?
So much better than the average bank
Banks have been able to profit off of their customers for a long time, especially when it comes to foreign exchange services. Banks often offer exchange rates that are much lower than the real exchange rate, but it isn’t questioned by trusting customers.
If you want to see the real exchange rate for a given day, just Google “usd to cad” or “cad to usd”.
No Fees!
Enjoy zero fees when toy exchange with Remitbee! All you have to do is exchange a minimum of $10 between a currency pair, and we’ll take care of the rest!
Founded by Canadian Immigrants
We’re proud to be Canadain and offer you services that we’ve worked hard to perfect. Based out of Mississauga, Ontario, we’re regulated and audited by FINTRAC, which is an agency of Canada’s government. Your money is safe with us!
Questions? Comments? Concerns? We’re here to help!
Our customer service team is the best-of-the-best because we want to make sure that if you need help with anything, we can solve any issues as swiftly as possible! Our goal is to make sure that our customers’ voices are heard, and that you directly play a role in the continuous improvement of our company. If you’d like to hear what our existing customers say about Remitbee, check out our reviews on Trustpilot and Google!
Remitbee is 100% online for your convenience
Worried about security? We use impenetrable data encryption, so your money is safe and secure. Remitbee is also partnered with all major Canadian banks, so your money can be exchanged reliably and efficiently.
There are also many ATM and bank branch locations in many areas of Markham, such as TD Bank, RBC, BMO, and Scotiabank. These locations offer many financial services, including currency exchange. However, as we have mentioned many times before, bank currency exchange services tend to offer high fees, and aren’t the most affordable option.
If you’d like to exchange money easily, affordably, and hassle-free, try Remitbee currency exchange, with absolutely zero fees! Download our mobile app for an even more convenient option, and start exchanging today.
In need of a money transfer service as well? We’re your top choice!
We’re proud to say that we’ve also been recognized in the community for our services! In 2019, Remitbee was recognized as one of the top FinTech companies in the area by Toronto Finance International! Because of our low fees, fast transfer times, and competitive rates, Remitbee is becoming the top choice for money transfer service for Canadians.
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