When you use our CAD to USD calculator, it’s easy for you to see our rates compared to other foreign exchange services in the area. We offer the most competitive rates and are very transparent about fees and costs upfront so that you know all the information before exchanging.
During such uncertain economic times, we want to make sure that exchanging with Remitbee is as easy and accessible as possible. We think it’s extremely unfair that some financial institutions can continue to charge such high fees and poor rates when it comes to foreign exchange needs.
If you’re investing in US stocks, you know how important it is to do your research to make sure you maximize your profit. It’s also just as important to thoroughly research the currency exchange service you use to convert because it can make a huge difference in terms of how much money you make.
For a long time, Questrade was seen as the best option for stock traders in need of a foreign exchange service. Questrade fees are 1.5-1.99% each way, which is much better than banks, which charge about 2.5% each way. However, Remitbee Currency Exchange</a> charges absolutely zero fees!
You may not see your losses if you only trade a small amount in your lifetime, and it might not make that much of a difference to switch to Remitbee. However, once you start investing in the thousands, you could be losing a lot just in currency fees alone.
To put this in perspective, here’s how much you could be losing with Questrade depending on how much you invest:
- You could lose $40 CAD profit if you buy $1000 worth of US stocks
- You could lose $2,000 CAD profit if you buy $50,000 worth of US stocks
Although banks may seem like the most convenient and cost-effective option, they usually charge much more, as well as offer lower rates than the real exchange rate. They have been able to get away with this because they know the average person won’t question it, when in reality, the customer is losing out. To see what the real exchange rate is, all you have to do is type in “usd to cad” or “cad to usd” into Google!
That’s right! When you exchange a minimum of $10 between two currencies, you don’t pay anything!
Based in Toronto, Ontario, we’re proud to provide accessible services to all! We’re audited and regulated by FINTRAC which is an agency of Canada’s government. This way, you’ll have peace of mind that your money is safe and secure.
We know how hard it can be to deal with unresponsive, slow, or unhelpful customer service teams. That’s why at Remitbee, we’ve prioritized our customers and their financial needs. We’re happy to help with any issues you may have with Remitbee, or listen to your feedback about how we can be better! If you’d like to see what our existing customers are saying about us, check out our positive reviews on Trustpilot and Google!