Tired of searching for a reliable currency exchange service in North York? Remitbee has got you covered!

We want to make sure that you get the most out of your money with fair exchange rates that beat out most top banks.

Remitbee Logo

Compare other currency exchange services in North York with Remitbee’s!

We’re very confident in our competitive rates, and that’s why we’re fully transparent. If you want to check how much you’ll save with Remitbee, go ahead and compare our rates with other foreign exchange services in North York! It’s our top priority that you get the best exchange rates possible.

Many financial institutions charge high fees to customers when they seek out foreign exchange services, and we believe that this is very unfair, especially in times where financial security is particularly unstable.

CE_images_10_3e10e2ca88
Sending money between the USA and Canada? Remitbee Currency Exchange might be for you if:

You live in Canada but are being paid in USD:

With the expansion of remote jobs, freelancing, and contracting, many individuals are employed by a US employer while living in Canada. That’s why it’s very important that you choose a foreign exchange service that ensures you don’t lose any of your hard-earned money!

For context, you could potentially be losing out on $2,000 if you make around 50k a year, just in currency exchange fees when you choose a more traditional option to exchanging currency, like a bank.

01

You take advantage of US stocks as a Canadian:

Buying US stocks is a great idea if you’d like to make a good profit, but it requires lots of research. Choosing a good currency exchange service also requires research, because you don’t want to lose profit because of unfair currency exchange fees!

Until now, a popular option for traders who needed to convert USD and CAD was Questrade, which charges 1.5-1.99%. Questrade fees are much better than banks, at least, which charge about 2.5%. However, Remitbee now offers a currency exchange service that charges zero fees!

You may not see the benefit of switching to Remitbee if you plan to only trade a small amount of money; It will only save you about $4 compared to other services. However, once you start investing in the thousands, you’ll start to see the detriment of using a service like Questrade that has fees.

For example, look at the following when you use Questrade:
- $1000 worth of US stocks: You could lose around $40 CAD profit.
- $50,000 worth of US stocks: You could be losing $2,000 CAD profit.

02

You’re paying tuition abroad as a Canadian or American:

You’ll need to be able to convert between CAD and USD if you’re a Canadian living in the USA or an American living in Canada. Average international student tuition costs are steep (about $32,019 CAD), so you want to make sure you aren’t losing out just because of high currency exchange fees.

Due to high exchange fees, you could be losing around $1,200 USD each year just because of unfair fees charged by your bank.

03

You plan to purchase property in the USA or Canada:

Snowbirds and property investors alike often purchase property on either side of the border to have a place to go in the winter months or make an extra profit. One of the most important things to take into account is which currency exchange service to use, in order to make sure that you aren’t losing out on any money when purchasing a property.

Traditional financial institutions have profited off of their customers for too long, so don’t fall into that trap when it comes to foreign exchange. The average price for a home in Canada is quite significant (about $531,000 CAD), as of 2020, so you want to make sure you choose your currency exchange service wisely. With Remitbee, you can save over $9,000 USD, compared to when you exchange with other financial institutions.

04

Why should you choose Remitbee over other financial institutions?

We’re 10x better than your average bank

Banks have been able to get away with unfair rates for a long time, just because they know that the average person won’t question it. In fact, the exchange rate that they give you is often much lower than the real exchange rate!

If you want to check for yourself, just Google search ‘usd to cad’ or vice versa, and the first result will display the real exchange rate.

No fees at all!

Not only do you get competitive rates when you exchange with Remitbee, but you also get to enjoy zero fees! All you have to do is send a minimum of $10 between a currency pair.

We’re a Canadian based company, and proud!

We’re proud to be Canadian, and provide affordable and swift services to our neighbours. We’re regulated and audited by FINTRAC, which is an agency of the Government of Canada. Because of this, you can have peace of mind that your money is protected.

We love to help! We’re here to answer your questions

We know how frustrating it is to deal with unhelpful customer service. We’ve put a lot of effort into making sure that if you run into any problems using our service, or have any feedback, our customer service team can help you as efficiently and effectively as possible! We have tons of great reviews on Trustpilot and Google that prove how much we care about our customers.

On the go? Download our mobile app and convert CAD and USD from your phone, anywhere in North York.

The age of waiting in long lines is over! Download our mobile app on google play or apple store to easily send from anywhere, anytime. Our service is 100% online, so we use impenetrable data encryption to make sure your money is safe.

We are also partnered with many Canadian banks so that you can have an extra layer of reliability when sending with Remitbee!

assorted_bills

The 6 easy steps you can use to exchange money with Remitbee in North York:

Step 1. Create your free account with us: Click here!

Step 2. Confirm your identity: Security is important to us, so we need to verify it’s you.

Step 3. Start exchanging: Enter the amount of money you’d like to exchange, as well as the currency pair.

Step 4. Connect your Canadian bank account: Connect the bank account that you would like to deposit your CAD into or pay CAD with.

Step 5. Connect your US bank account: Connect the bank account you would like to deposit your USD into or pay USD with.

Step 6. Confirm: Once you confirm your transaction, your money will be automatically exchanged and deposited.

More information about currency exchange in North York

Being a large region of the GTA, North York has many foreign exchange options if you’re looking to exchange CAD and USD. Located along Yonge Street, one of the longest streets in the world, there are many foreign exchange options. Just North of Finch Avenue, there are services such as Prince Exchange, 6030 Exchange, Ashna Exchange, and Toronto Currency Exchange, which all offer a variety of exchange services.

Many of these exchange services are located in accessible areas like shopping malls, plazas, and off of highways, which make them very convenient for anyone travelling in and out of North York. For example, Continental Currency Exchange is located in Yorkdale Shopping Centre! However, these currency exchange services often have high fees and require in-person exchanges, which aren’t as convenient.

Using Remitbee, you can exchange easily and at zero fees! On top of that, our 100% online service offers all of our users a convenient experience, so you can get back to the things that really matter!

https://prodmtes.blob.core.windows.net/strapi/uploads/CE_images_09_c9541a110a.png

Do you need to send money? Remitbee also offers swift, inexpensive, and easy money transfer services!

Pick from over 50 destinations including Pakistan, India, and Sri Lanka! On top of that, you get to enjoy zero fees when you send over $500, or a small fee of $2.99-$6.99 when you send less than $500, depending on your sending methods. If you’d like to compare our sending method prices, check out our fee calculator for yourself!

Not only is Remitbee praised by customers, but we also have been recognized by the Toronto Finance International. In 2019, Remitbee was recognized as one of the top FinTech companies in the area, which was a huge honour for us. We strive to make sure our customers are getting the fairest fees possible, at the quickest transfer times! One by one, we’re helping our customers avoid unfair bank fees.

assorted_flags