Using our CAD to USD calculator, we’ve tried to make it as easy as possible for you to see exactly how much you’ll get with Remitbee, with no hidden fees, costs, or unfair rates. We encourage you to compare our rates with other currency exchange services in the area, to make sure you’re getting the most out of your money!
We think it’s very unfair that in such uncertain economic times some financial intuitions can charge such unfair fees and offer such poor rates. We’re working hard to become an affordable and accessible option for all!
Buying stocks has become much more mainstream recently, so it makes sense for Canadians to invest in the US stock market! However, you will want to make sure that you’re getting the most out of your profits and aren’t losing out because of bad exchange rates.
For many years, the most popular option for Canadians exchanging USD and CAD has been Questrade. Questrade’s fees are much lower than bank rates (1.55-1.99% compared to 2.5% each way). However, Remitbee Online Currency Exchange charges zero fees when you exchange!
It might not make sense for you to make the switch to Remitbee if you are only going to invest a small sum in your life because you’ll only save about $4. However, if you start investing in the thousands, you’ll really begin to see your savings.
Here’s how much you could be losing in currency exchange fees if you use Questrade:
- If you buy $1000 worth of US stocks, you could lose about $40 CAD profit
- If you buy $50,000 worth of US stocks you could lose about $2,000 CAD profit
For years and years, banks have been able to get away with offering bad rates, just because they know that most customers won’t question what they are offered. In reality, banks offer a much lower exchange rate than the real rate, which causes customers to lose out on more of their money than they should. To see the real exchange rate on a given day, just search, “usd to cad” or “cad to usd”!
Competitive rates are not the only thing we offer! Enjoy zero fees when you send a minimum of $10 between a currency pair.
We’re excited to be opening our services up to currency exchange, and continue to serve Canadians from all over the country! Because security is important to us, we are regulated and audited by FINTRAC, an agency of Canada’s government, so you know your money is protected!
We know the frustration of poor customer service. We’re sure that you’ll have a great experience with our customer experience team, and that your issue will be solved as swiftly as possible! If you’d like to see what our existing customers say about us, check out our awesome reviews on Trustpilot and Google!