Is it time to convert your CAD to USD? The best currency exchange rates can be found in Scarborough.

Secure the advantage of a favorable exchange rate over major banks.

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Our rates vs. other Scarborough currency exchange services

Our CAD to USD calculator is incredibly simple to use. Since we are secure in our market position, we believe that our exchange rates will stay steady. You should be confident that you are receiving the most competitive Scarborough exchange rates.

We recognize why some financial firms continue to demand certain high prices even when the foreign exchange market is already in a turbulent situation.

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Do you want to transfer money from Canada to the United States? If you agree with any of the above sentences, Remitbee online money exchange is the best option for you.

You live in Canada but your pay is in US dollars:

Many firms employ Canadians. You want to optimize your earnings regardless of whether you work full-time or part-time. It is never a smart idea to spend money on exorbitant exchange rates and fees.

In terms of conversion fees, for example, if your annual revenue is $50,000 you might risk $2,000 a year if you stick with typical suppliers such as a bank.

01

You buy US stocks from Canada:

You have most certainly done your research and are here as a result. You’ve had plenty of time to map out the potential gains up to this point. As a result, you now have the ability to capitalize on your advantages. Currently, a feasible option is to use Questrade to convert the CAD to USD and vice-versa, which costs 1.5-1.99 percent both directions (which at least is better than banks, which charge about 2.5 percent). You may also use Remitbee Currency Exchange, which does not charge any fees.

If you just want to swap $100 in your lifetime, it might not be worth it to make the change - it will just save you $4 (about $2 either way) - but once you start contributing thousands again, you may be wasting a significant amount of money only on fees.

Consider the following compared to Questrade fees:
- A $1000 stake in US stocks: You may be losing about 40 CAD in benefit
- Stocks in the United States worth $50,000: That is about 2,000 CAD you might be losing.

02

You pay tuition in another country:

Whether you are a Canadian studying in the United States or an American studying in Canada, you wouldl need to convert USD and CAD to pay for your education. Take a look at the overall foreign student tuition payments in Canada between 2020 and 2021, which was 32,019 CAD. You may be losing about $1200 USD a year for no reason other than using a standard institution like your bank. (according to March 4, 2021’s exchange rate when you convert USD to CAD)

03

You buy property on either side of the border:

You have a huge decision to make if you are a snowbird searching for a spot to call home when the cold weather hits, or if you wish to make money by investing in assets on the other hand. One of the most critical decisions you’ll have to make is how to ensure that a third party does not benefit greatly from your purchase.

Don’t let typical financial institutions profit from your efforts by charging you exorbitant fees. The average Canadian home price in 2020 will be around 531,000 CAD. As compared to top banks, using Remitbee Currency Exchange for this transaction could save you over $9,000 USD.

04

Why should you use Remitbee for your currency exchange?

10x better than the average bank

Banks have pulled off bad rates because they know that the vast majority of consumers would not scrutinize the exchange rates that they promote. The exchange rate they give you is a lot lower than the real exchange rate, something most people are unaware of.
A basic Google search for “usd to cad” or “cad to usd” would yield the right exchange rate.

No fees to pay

In addition to offering extremely competitive rates, you can pay no fees if you exchange at least $10 between the two currencies.

Canadian based company

FINTRAC, a Canadian government body, governs and audits us as a Toronto foreign exchange operation. There is no better feeling than believing your money is safe.

Inquiries are handled quickly by the customer support team

Do you ever get irritated when you ask for assistance and just get canned responses? We understand how you do.. Our optimistic Trustpilot and Google customer service reviews would show how much we care for our customers.

With your phone or laptop, instantly and conveniently convert CAD to USD

Are you sure you want to wait? There’s no reason to keep waiting any longer. You can use our Android/iPhone App from the comfort of your own home. There is no reason to be worried about security because our fully online currency exchange platform uses impenetrable data encryption, making it both simple and safe.

With agreements with all big Canadian banks, transferring money with Remitbee is more safe and hassle-free.

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How to exchange currency in Scarborough in 6 simple steps:

Step 1. Create a free account: Start by clicking here to create one.

Step 2. Verify your identity: To secure your privacy, we must first check that it is you.

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

Step 4. Link your Canadian bank account: Link the bank account where you want to deposit or pay CAD.

Step 5. Connect your US bank account: Connect the bank account where you want to deposit or pay in USD.

Step 6. Confirm the exchange: Keep in mind that the funds would be exchanged and deposited immediately.

More about currency exchange in Scarborough

The city’s eastern fringes are in Scarborough. Since Toronto has various racial and cultural enclaves, Scarborough has stunning scenery. The Scarborough Bluffs, the Rouge River, Toronto Zoo and the many authentic Asian restaurants are just some of the sites people come here to see. With its many attractions, there could be several reasons for currency exchange in this area so here are more options for you:

Express Currency Exchange
4400 Sheppard Avenue Unit 20 Scarborough, ON M1S 1T8

Continental Currency Exchange
Scarborough Town Center, 300 Borough Dr #775, Scarborough, ON M1P 4P5

Exim Exchange Company Canada Ltd
3096 Danforth, Scarborough ON M1L 1B1

Chughtai Pak Canadian Foreign Exchange
2858 Danforth Ave, Toronto, ON M4C 1M1

Azizi Exchange
3143 Eglinton Ave E, Scarborough, ON M1J 2G2

Bala Selvam Foreign Exchange
Midland and Eglinton Plaza, 2480 Eglinton Ave E Unit 6, Scarborough, ON M1K 2R4

The Currency Shoppe Scarborough
4779 Steeles Ave E #6, Scarborough, ON M1V 4S7

NOVAFX Foreign Exchange
Oskar Group, 3660 Midland Ave #300, Scarborough, ON M1V 0B8

Whatever you choose, Remitbee is just here for you. The best place to exchange currency is right in your own home.

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

There are no costs if you send more than $500 to more than 50 destinations, including Pakistan, India, and Sri Lanka. You will also benefit from very low rates of $2.99 when using Interac or $2.00-$6.00 when using debit. Everyone has access to our fee calculator which helps you to compare your options easily. .

Remitbee was named one of the best FinTech firms in the country by Toronto Finance International in 2019. We offer highly attractive exchange rates, as well as zero fees for transactions of $500 or more, and low fees for transfers of less than $500. Banks can advertise no fees, but bear in mind that in some cases, those fees are actually concealed inside their marked-up exchange rates.

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