Do you keep searching ‘currency exchange near me’ with no good results? Search no longer, Remitbee is here!

One by one, we’re helping our customers get the most out of their money because of our reliable and affordable currency exchange service.

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There are many currency exchange services in Victoria, but we doubt they’re as transparent about their rates as us

We’re confident about our competitive rates and are very transparent about any fees we charge. We encourage all of our customers to use our CAD to USD calculator to compare our rates with their usual financial institution’s rates, so they can make sure they’re getting the most out of their money.

In times of increased economic uncertainty, we want to make sure exchanging currency isn’t a stress or source of lost income. We think it’s unfair that banks and other financial institutions can charge such high fees when it comes to money exchange, so we’re working to be the affordable and fair option for everyone.

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Sending between Canada and the US? If any of these statements resonate with you, Remitbee online currency exchange may be the perfect solution:

I’m Canadian, but I get paid in USD by my American employer!

There are many individuals who are now in this position, whether they are contractors, freelancers, or any other position. Getting paid in USD can be great, but you’ll want to make sure your income isn’t taking a hit just because of currency exchange fees.

To use an example, if you’re making about 50k a year, you could be losing almost $2,000 each year, just because of foreign exchange fees imposed by your usual bank.

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I enjoy buying US stocks, but I’m a Canadian!

If you’re buying US stocks, we’re going to assume that you’re interested in making some extra money! To make sure that extra profit is going directly into your pocket at the end of the day, it’s important to do your research on the best currency exchange service for you.

Until now, the most popular option for converting CAD and USD when stock trading was Questrade, which charges 1.5-1.99% each way. Questrade fees are much better than bank fees, which are around 2.5% each way. However, Remitbee has become a new and more desirable option for converting, because we charge zero fees.

Switching to Remitbee as your primary way to convert money makes sense as you begin to invest in the thousands because your savings will be more significant. If you only invest a small amount in your lifetime, we’ll only save you about $4, but if you’re buying US stocks, we assume you’re in it to maximize your profit.
To put this in perspective, here’s how much you lose with Questrade, depending on how much you invest
- $1000 worth of US stocks: you could lose $40 CAD
- $50,000 worth of US stocks: you could lose $2,000 CAD

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I’m a Canadian paying tuition at an American school (or vice versa!)

Seeking education across the border is a great idea, but can be pricy. For example, the average tuition costs for international students in 2020-2021 was $32,019 CAD. Because of these steep prices, it’s important that you choose a good currency exchange service when converting CAD and USD in order to pay tuition.

To reiterate, you could be losing around $1,200 USD each year just because you chose a foreign exchange service that charges you far too much!

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I want to purchase property across the border to make some extra money, or have somewhere to go on vacation!

Snowbirds and property investors alike must also consider their options when going to convert CAD and USD, as to not lose out when buying a property in Canada as an American, or in the US as a Canadian.

House prices are only increasing, in fact, the average home price in Canada as of 2020 was $531,000 CAD. If you choose Remitbee currency exchange to convert, you could be saving over $9,000 USD on this purchase, compared to other financial institutions.

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Remitbee should be your top choice, and here’s why:

10x better than your typical financial institution

Banks have been able to offer such bad rates because the average joe won’t question it. The reality is, the exchange rate they offer you is a lot lower than the real exchange rate on a given day! You have the power to fact-check, so just Google “usd to cad” or “cad to usd” to see the real rate.

Zero fees!

Not only do we have competitive rates when you exchange with us, but you also pay nothing when you exchange a minimum of only $10 between two currencies.

We’re Canadian, eh?

We’re proud to be a Canadian company based out of Toronto. To protect you and your money, we’re regulated and audited by FINTRAC, which is an agency of the Canadian government!

We love helping! Call or message us if you have any questions, and we’ll answer as quickly as possible.

We know the pain of dealing with unhelpful customer service representatives. We want to make sure that if anything goes wrong, that you can contact us at any time, and we’ll be there to help you sort it out. Curious about our existing customers’ experiences? Check out our reviews on Trustpilot and Google and see for yourself!

On the go in Victoria? Exchange anywhere, anytime, with the Remitbee mobile app!

Available on the Google Play and Apple store, we’ve made it easier than ever to exchange money as quickly as possible from anywhere! We know you’re busy so we’ve eliminated the hassle of waiting in long lines and slow exchange times. Our 100% online service also uses impenetrable data encryption, so your money is always secure.

Remitbee is also partnered with all major Canadian banks, so you can reliably and conveniently exchange your money!

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Exchange with Remitbee in under 5 minutes. Here’s how it works:

Step 1. Create your free account by clicking here.

Step 2. Verify your identity so we know it’s really you

Step 3. Enter the amount of money you’d like to exchange, as well as the currency pair you’d like to exchange between!

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

Step 5. Connect the American bank account that you’d like to deposit money into or pay USD with

Step 6. Confirm your exchange! We’ll automatically exchange and deposit your funds

More on Currency Exchange in Victoria

Victoria has a few options for in-store currency exchange services. Right in Downtown Victoria is FX Connectors Currency Exchange, as well as Calforex Currency Exchange, which are both close to the harbourfront. There is also another FX Connectors Currency Exchange location near Fisherman’s Wharf Park, which is still very close to Downtown.

Because Victoria is relatively small, there aren’t too many options for in-store foreign exchange services, however, there are many major Canadian bank branches and ATM’s located in various places around the city. Almost all major Canadian banks have a location in Downtown Victoria along Douglas street, which makes these bank currency exchange services very accessible to residents of Victoria.

However, as we have mentioned, many of these in-store currency exchange services or bank branches charge a lot of money to exchange, offer low rates, and are less convenient than Remitbee’s 100% online service. The best place to exchange currency is with Remitbee!

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Have you been searching for international money transfer services too? We’ve got you covered.

Remitbee also offers money transfer services that cost nothing when you send over $500 to any of our 50+ destinations, including India, the Philippines, and Sri Lanka! If you’re sending less than $500, you only pay a small fee of $2.99-$6.99, depending on the sending method you select. Look at our fee calculator if you’d like to compare our options for sending!

We’re also pleased to announce that we have been recognized by our community through Toronto Finance International in 2019 as one of the top FinTech companies in the area! Our low fees, fair rates, and fast exchange times make us a top choice for many Canadians across the country!

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