If you’re looking for the best exchange rates and fastest deposits in Ottawa, try Remitbee!

Top banks often charge unfair exchange rates, but at Remitbee, we want you to get the most out of your money when you complete a currency exchange.

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How do other Ottawa currency exchange services compare to us?

Transparency is very important to us, and we’re confident about our competitive rates! Feel free to compare our rates with other exchange services in Ottawa to make sure you aren’t getting unfair rates.

Many top financial institutions change very high fees when it comes to currency exchange needs, so we’re working to make sure you’re not unfairly charged!

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Are you sending money between the USA and Canada? If any of these apply to you, Remitbee currency exchange might be for you:

You live in Canada but you are paid in USD:

Living in Canada but working for a U.S. employer is becoming more and more common. Whether you’re a contractor or freelancer, we know how important it is for you to get the most of your hard-earned money!

Just so you have a better idea, if you make about 50k every year, you could potentially be losing out on $2,000 in currency exchange fees, if you’re using a traditional currency exchange service like your bank.

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You live in Canada and buy US stocks:

If you’re taking advantage of US stocks you definitely need to do your research to make the most out of your profits!

A popular tool to convert CAD to USD and vice versa is Questrade, which charges 1.5%-1.99%, which was seen as a very competitive option. However, Remitbee applies absolutely zero fees when you exchange your currency with us!

If you plan to only invest a small amount of money in your lifetime, it may not be worth it for you to make the switch to Remitbee. However, once you start investing in the thousands, you’ll begin to see how much you can save on currency exchange fees!

If you use Questrade, here’s how much you could be losing:
- $1000 worth of US stocks: That’s about $40 CAD you could be losing
- $50,000 worth of US stocks: That’s about $2,000 CAD you could be losing

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

If you’re going to school abroad, you’ll need to convert between CAD and USD, or vice versa, in order to pay for your education! Whether you’re a Canadian in the USA or an American in Canada, you need to convert between USD and CAD to pay tuition. International students pay an average of $32,019 CAD, so you want to make sure that you aren’t losing out!

By choosing a financial institution like your bank to exchange currency with, you could potentially be losing $1,200 USD per year.

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You buy property on either side of the border:

Many snowbirds escape the winter to a property further south, and it is also becoming more popular to invest in properties across the border. If you’re one of these people, you’ll want to exchange with a service that is fast, reliable, and has low fees. Most importantly, you want to avoid unfair fees!

The average home in Canada in 2020 was $531,000 CAD. If you were to use Remitbee Currency Exchange for this purchase, you could save around $9,000 USD, which is much higher than many bank services.

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Why should you choose Remitbee as your currency exchange service in Ottawa?

10x better than the typical bank

Banks often get away with charging you unfair rates, because most people don’t question the rates they are given. In reality, the exchange rate is much lower than the real exchange rate.

If you’re curious, just google, “usd to cad” or “cad to usd” and you’ll see the real rate!

We charge no fees

You pay nothing when you exchange a minimum of $10 between a currency pair! On top of that, we offer swift deposit times and excellent rates.

We’re a Canadian based company

Located in the GTA, we’re regulated and audited by FINTTRAC, which is a government agency. Since security is so important to us, you’ll have peace of mind knowing that your money is safe.

Our customer support team is always willing to help

We know how frustrating it is to deal with poor customer service. So we’ve made it our mission to make sure if you have any troubles, your problem will be solved as swiftly as possible. You can also check out our reviews on Trustpilot and Google to see all of the positive experiences our customers have had!

Exchange from anywhere in Ottawa using your phone or laptop!

With our 100% online service, there’s no need to wait in line or see us in person. Just download our app or visit our website to exchange currency! We also use data encryption to protect your money, so your currency exchange will be fast and secure.

We’re partnered with all top Canadian banks so you can exchange currency hassle-free using reliable services.

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How to exchange currency in Ottawa easily:

Step 1. Create your account: Create a free account by clicking here.

Step 2. Verify your identity: We need to verify it’s you so we can keep your identity safe.

Step 3. Start your exchange: Enter the currency pair and amount you’d like to exchange.

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

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

Step 6. Confirm: Confirm your exchange, and your money will be automatically exchanged and deposited.

More about currency exchange in Ottawa

There are many local currency exchange services in Ottawa. Altaif Currency Exchange and Ottawa Currency Exchange are both located in very accessible areas of the city.

Within the Ottawa International Airport, there are many ATMs and currency exchange services such as the International Currency Exchange (ICE), which can be very convenient for people arriving in Ottawa. There are also two currency exchange locations located near Sparks Street in downtown Ottawa: Ultimate Currency Exchange and Money Mart.

However, if you want a more affordable and simple option, Remitbee should be your first choice for all of your currency exchange needs in Ottawa!

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We also specialize in money transfers at low fees and fast rates to over 50 destinations!

When you send over $500 or more, you pay $0 in fees! Send to more than 50 destinations including India, Sri Lanka, and Pakistan. If you’re sending less than $500, very low fees between $2.99-$6.99 are applied, depending on which sending method you choose. If you’re curious, check out our fee calculator to compare with other options.

Remitbee was recognized by Toronto Finance International in 2019 as one of the top FinTech companies in the region! We offer very competitive exchange rates and fast transfers which make us a very desirable option for those looking to send. Transparency is something we value, so we have no hidden fees, unlike most banks.

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