We assume you have to do plenty of research and perhaps why you’ve entered our page.
Now you have another opportunity to take advantage of the benefits. You can use Questrade in converting your CAD to USD and vice versa but you’ll be charged with 1.5-1.99 % both ways (it’s even a little better than bank because they charge about 2.5%). Or, you can use Remitbee Currency exchange and be charged with zero fees.
It may be easy not to make a difference if you only trade $100 in your lifetime, because you can only save $4 (approximately $2 per way) from this. But, what if you begin to invest in thousands?
Consider the following compared to Questrade fees:
- $1000 worth of US stocks: You could be missing out on around 40 CAD profit.
- $50,000 worth of US stocks: That’s about 2,000 CAD you could be losing
Are you a snowbird? Then have you purchased an apartment over the border because in the winter you need a place to hide? Or maybe you want to raise money by investing in real estate on the other side? An important decision must be made. Making sure a third party doesn’t benefit that much from your purchase is a major decision.
Do not allow your deserved cash money to conventional institutions at unfair prices. Canada’s average home price was around CAD 531,000 by 2020. You can save more than $9,000 compared to top banks by using Remitbee Currency exchange for this transaction. Do not allow traditional institutions to benefit off your deserved cash money with their unreasonable rates. The average home price in Canada was about 531,000 CAD in 2020. By using Remitbee Currency exchange for this purchase, you could be saving over $9,000 USD compared to top banks.
Because of its confidential place in the society, most people would not doubt the exchange rate provided by banks. However, the exchange rates they give are far smaller than the actual exchange rate that most people don’t realize.
A fast google search makes the actual exchange rate open to everyone. Just type in “usd to cad” or “cad to usd.”
It is really affordable. You can enjoy zero payments by transferring at least $10 between the two currencies.
FINTRAC, a government of Canada department, regulates and audits our foreign exchange business. It’s a big promise that your money is secure.
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