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.
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.
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.
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 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 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.