Looking for the best currency exchange service in Peterborough? Use Remitbee to exchange CAD and USD today!

Remitbee has dependably better exchange rates than top banks, as well as faster exchange times and lower fees! We’re helping you get the most out of your money.

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Transparency is our top priority. Compare our rates with other foreign exchange services in Peterborough!

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.

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Need to Convert CAD and USD? If you relate to any of these statements, Remitbee might be the perfect solution:

“I’m a Canadian employed by an American company and get paid in USD”

Many individuals now find themselves in this situation due to the rise of freelancing, contracting, and remote work. Because of this, these people need to find a currency exchange service in order to receive their paycheques. The one thing you want to make sure of is that you aren’t losing out on any of your hard-earned money just because of the exchange service you choose.

To put this in perspective, if you make 50k each year, you could be losing $2,000 just in currency exchange fees, if the foreign exchange service you use charges unfair fees and low rates.

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“I buy US stocks from Canada”

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 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

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“I’m paying international student tuition as a Canadian or American”

Choosing to study across the border can be a great idea! However, with Canada’s average tuition fees for international students being $32,019 CAD in 2020-2021, you will want to make sure you aren’t losing out on foreign exchange fees.

If you use a foreign exchange service with low rates and unfair fees, you could be losing around $1,200 USD each year! (according to March 4, 2021’s exchange rate when you convert USD to CAD)

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“I purchase property on the other side of the border”

Whether you’re a snowbird purchasing property further south to escape the winter, or buying property to make an extra profit, you will need to think about which currency exchange service you’re going to use, as to not lose out on any money you spend on a property.

The average home in Canada in 2020 was $531,000 CAD, which already is a huge expense. You don’t want to lose any money on top of that! With Remitbee, you could be saving over $9,000 compared to traditional currency exchange services like your bank.

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Why choose Remitbee over other currency exchange services in Peterborough?

10x better than most banks

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!

You pay nothing!

That’s right! When you exchange a minimum of $10 between two currencies, you don’t pay anything!

We’re Canadian and proud!

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.

Do you have any questions, comments, or concerns? We’re here to help with whatever you need

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!

Convert easily and conveniently from anywhere in Peterborough using the Remitbee mobile app

There’s no need to wait in long lines with Remitbee! Just download the Remitbee mobile app available on the Apple or Google Play store to get started. Our service is 100% online, so we use impenetrable data encryption so your exchange is fast and secure!

Remitbee also partners with all major Canadian banks so that you exchange your money reliably with no headaches.

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Exchanging with Remitbee is simple! Here’s how to do it:

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

Step 2. Verify it’s you: To make sure your identity is safe, we have to verify that it’s you!

Step 3. Begin the exchange: Enter the amount and currency pair you want to exchange.

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

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

Step 6. Confirm your exchange: Once you have confirmed the amount of money you’d like to exchange, it will automatically be exchanged and deposited!

More on Currency Exchange in Peterborough

In downtown Peterborough, there is a Money Mart location as well as a CIBC, National Bank, and TD branch location. Since these are located downtown, they are very easy to get to and accessible to anyone living in the area or passing through the city.

At the intersection of Lansdowne St and The Parkway, there are also two currency exchange locations: Cash Money and Money Mart. This is also a very central area for those living in Peterborough and is surrounded by many shopping centres. As well, there are bank locations of major Canadian banks such as TD, CIBC, and RBC, located at this intersection.

Although it may seem like exchanging currency at your bank is the most convenient option, these in-person services can be subject to long wait times. With the Remitbee mobile app, you can skip these lines and exchange wherever and whenever you want, which makes it the most desirable option for those on the go! Download Remitbee today and start exchanging!

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That’s not all: We also offer money transfer services!

If you’re in need of a money transfer service, Remitbee has got you covered! When you send over $500, you pay nothing! Pick from our 50 destinations, including Pakistan, Sri Lanka, and India. Sending less than $500? No worries! You can still enjoy low fees of $2.99 using Interac or $2.99-$6.99 using debit. If you’d like to compare your options, check out our fee calculator!

Remitbee has been praised for its money exchange services by the Toronto Finance International in 2019 as one of the top FinTech companies in the area! Not only do we offer very competitive rates, but we also offer very fast transfer times, which make us stand apart from other companies. We’re fully transparent about our fees, and give you all the information you need to know upfront!

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