While many businesses in Newmarket, Ontario, might provide currency conversion services from CAD to USD, they might not give you the best rates. Additionally, their fees might be on the higher side.

However, RemitBee provides you with the most competitive currency exchange rates available. Plus, we don't charge you for currency conversion.

Currency Exchange Done Online:

Not confident you can trust us? Use our free CAD to USD currency converter to check it out yourself. You will receive what you see on the converter after the exchange.

By using RemitBee for your currency exchange transactions, you can save money.

If any of the following apply to you, Remitbee online currency exchange may be a good fit:

You're employed in Canada but paid in U.S. currency.

It’s becoming more common to work for a U.S. company while living in Canada. If you’re a freelancer or contracted at an American company, you want to make sure you avoid unfair rates and fees when exchanging currency.

For context, you could be losing about $2,000 in currency exchange fees if you make 50k salary a year, and use currency exchange services through your bank.

You invest in U.S. stocks:

If you’re interested in investing and buying US stocks in Canada, you need to check out other options when it comes to exchanging currency.

With Remitbee currency exchange, you can get the most out of your trading. Questrate, which is a popular option for those converting CAD to USD, charges 1.5-1.99%. However, Remitbee Currency Exchange charges you zero fees.

Once you start to invest in the thousands, you could be losing a ton of money just on fees alone! For example: Consider the following compared to Questrade fees:
- $1000 worth of US stocks: You could be losing about $40 CAD.
- $50,000 worth of US stocks: You could be losing about $2,000 CAD

You are a Canadian or American paying tuition while studying abroad:

If you live in Canada as an American or the USA as a Canadian, you’ll need to exchange USD to CAD or vice versa in order to pay tuition. In Canada, the average tuition fees for international students was $32,019, as of 2020.

If you choose a more traditional method to exchange currency like your bank, you could potentially be losing out on about $1200 USD per year.

You buy a property in the United States or Canada.

If you are investing in properties across the border, or simply have a home in the other country, you’ll want to make sure you are losing out.

In 2020, the average house in Canada cost about 531,000 CAD. Using Remitbee currency exchange could allow you to save over $9,000 USD; much more than you would save from bank currency exchange services.

Why should you choose Remitbee for currency exchange in Newmarket

Simple And Fast Process

Long queues and complex processes are things of the past. To conduct your currency exchange transactions online, simply login to your computer, register, and start the process.

Trusted Service Provider

Thanks to our excellent ratings and reviews on Google and Trustpilot, you can trust that we'll provide you with the best exchange rate.

Secure Online Transactions

We are regulated and audited by FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) and hence in a position to guarantee you secure online transactions.

How to exchange currency in Newmarket

Step 1.

Start creating a free RemitBee account on our website or downloading our app.

Step 2.

Complete the verification process to safeguard your financial information and data.

Step 3.

The amount you want to convert is entered.

Step 4.

Link your American or Canadian bank account.

Step 5.

As soon as you approve the transaction, your money will be exchanged and transferred into your account.

It gets even better: we offer money transfers in Canada to over 50 destinations!

Looking for a reliable money transfer service provider? When you send money via RemitBee costing over 500 CAD in different countries around the world including India, Philippines, Pakistan, and South Korea, your transfer fee is free! If you’re going to send below that amount, we only charge a small fee of 2.99 CAD when you use Interac; or 2.99 to 6.99 CAD when you use Debit. Want to compare your options? Check out our free calculator.

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Frequently Asked Questions

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