Searching for a reliable currency exchange service in St. Johns? Exchange CAD and USD with Remitbee!

Remitbee offers no hidden fees, competitive rates, and fast exchange times that beat out most top banks!

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We’re transparent about our rates! Compare us to other foreign exchange services in St. Johns.

We want to make it as easy as possible for you to see how much you’ll get with Reitmbee by using our CAD to USD calculator. Offering the most competitive rates was a no-brainer for us, and we’re confident about our rates. Feel free to compare our rates with other currency exchange services in St. Johns - we know you won’t be disappointed.

In such unpredictable economic times, we think it’s very unfair that many financial institutions can charge such unfair fees and offer low rates. Remitbee strives to be an affordable option for all!

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People need to exchange CAD and USD for many reasons. If any of these scenarios apply to you, Remitbee might be a great solution!

You get paid in USD while living in Canada:

Freelancing, contracting, and remote work has become increasingly popular in recent years, which can offer people more flexibility and stability. However, if you’re being paid in USD as a Canadian, you’ll need to figure out how you’re going to exchange your hard-earned money. Unfortunately, many people lose out on their paycheques because of unfair currency exchange rates from traditional foreign exchange services.

For example, if you make 50k annually, you could be losing about $2,000 in currency exchange fees alone if you choose a traditional foreign exchange provider.

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You’re a Canadian who buys US stocks:

If you’re buying US stocks, you know that it can be risky and that you need to do a lot of research to make sure you take home more money in the long run. Similarly, choosing a foreign exchange service requires research to make sure that a third-party isn’t profiting too much off of your investments.

Up until now, the most competitive option for converting CAD and USD for traders was Questrade, which charges 1.5-1.99% both ways. Although their fees are much better than banks, which charge about 2.5%, you’re still going to be losing out on your profits. Remitbee currency exchange is now offering an even more competitive option, and charges zero fees when you convert!

You may not see your savings with Remitbee if you only trade a small amount of money, but once you start investing in the thousands, you’ll realize just how much you would be losing if you continued to use a traditional foreign exchange service to convert.

For example, look how much you could be losing with Questrade compared to Remitbee:
- You could be losing $40 CAD if you buy $1000 worth of US stocks
- You could be losing $2,000 CAD if you buy $50,000 worth of US stocks

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You pay tuition abroad as a Canadian or American:

If you’re an American studying in Canada or Canadian studying in the US, you’ll need to find a service to help you convert your money in order to pay tuition. Since international tuition is quite expensive (about $32,019 CAD in 2020-2021), you will want to pick your service wisely.

By picking a traditional foreign exchange service like your bank, you could be losing around $1,200 USD each year on just currency exchange fees!

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You buy property in Canada or the US:

Whether you’re a Canadian seeking refuge further south during the winter months or an American investing in property in Canada to make money, you will need to find a service to help you convert your funds. Although you may not think the service you choose will make a big difference in your purchase, you could lose out on hard-earned money if you chose a service that offers unfair fees or low rates.

The average price of a home in Canada was about $531,000 CAD in 2020. A third party service could profit significantly off of your purchase depending on which foreign exchange service you use. With Remitbee, you could be saving over $9,000 USD compared to most top banks.

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Here’s why you should choose Remitbee over other foreign exchange services:

We’re much better than the average bank

As mentioned, banks can profit off of your hard-earned money significantly, because they offer bad rates and unfair fees that they know won’t be questioned by the average customer. The exchange rate they give is usually a lot lower than the real exchange rate.

To see the real rate, just Google “usd to cad” or “cad to usd”!

Zero fees!

Yes, you read that right. We offer zero fees when you exchange a minimum of $10 between a currency pair!

Based in Canada

We’re based in Toronto and are regulated and audited by FINTRAC, which is an agency of the Government of Canada. This way, you know your money is safe and secure.

Run into a problem with our service? We’ll fix it as soon as possible

In the rare instance that you run into any problems when using Remitbee, we’re just a phone call away. We know how frustrating it is to speak to a customer service agent who doesn’t help, is slow, or unprofessional. Our team makes sure that any issues are resolved as soon as possible, and that you have no questions left unanswered. If you’d like to see what our customers say about us, check out our positive reviews Trustpilot and Google!

Convert money from anywhere in St. Johns, or from the comfort of your own home with the Remitbee mobile app!

The Remitbee mobile app is made for your convenience, so you can exchange money anytime, anywhere! There’s no need to wait in long lines or visit us in person! Just download our app from the Google Play or Apple store, and we’ll help you convert easily and securely, with encrypted data and top-notch security.

Remitbee also has partnerships with all major Canadian banks, so you can convert money reliably and hassle-free.

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There are only 6 steps to send money with Remitbee! Here’s how it works:

Step 1. Create a free account: click here!

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

Step 3. Start your exchange: Select the currency pair you would like to send between, as well as how much you’d like to convert.

Step 4. Connect your Canadian bank account: This is the account you want to deposit CAD into or pay CAD with

Step 5. Connect your American bank account: This is the account you want to deposit USD into or pay USD with

Step 6. Confirm your exchange: Once you confirm all the details, your money will automatically be converted and deposited!

More about currency exchange in St. Johns

There are quite a few options for currency exchange in St. Johns. In Central St. Johns along Freshwater Road and east of Columbus Drive, there is Money Mart and a Western Union location, as well as The Cash Store, which is located south of the two other locations. There is also a MoneyGram just outside of Memorial University, which is convenient for international students living in the area.

Apart from strictly foreign exchange services, there are also a number of major Canadian bank branches located around the city. Near the area of Mt. Cashel, there is a TD Bank, HollisWealth, and RBC bank location. Further south, there are TD bank, BMO, and CIBC bank branches as well, which is accessible to anyone who does their finances with any of these banks.

But, these foreign exchange services are in-person, as well as charge higher fees and lower rates, which are inconvenient and cause many customers to lose out on their money. With Remitbee Online Currency Exchange, you can be sure that you’re completing your exchanges with the most money in your pocket! Sign up with Remitbee today.

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That’s not all! We also offer money transfer services to over 50 destinations around the world.

When you send over $500, you enjoy free transfers to over 50 destinations including Pakistan, India, and the Philippines! If you’re sending less than $500, you only pay $2.99-$6.99, depending on the sending method you choose. Sending methods include Interac, debit, or bill payment. Compare our options and prices by using our fee calculator!

Toronto Finance International recognized Remitbee as one of the top FinTech companies in the area in 2019. We strive to improve our services each day, and guarantee the most competitive rates, fair fees, and fast transfer times!

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