Here at Remitbee, we are fully transparent with our customers. We don’t charge any hidden fees or provide you with low exchange rates. We always try to give you the best exchange rates on the market.
We cover our running cost by charging a small margin, usually 0.3-0.6% on the exchange rate. Which is approximately 3-5$ dollars on every 1000 CAD. This money goes to our business and staff expenses.
Despite the small margin that we take, there are no hidden fees or extra charges.
If your money transfer is 500 CAD or more, there is absolutely 0 fee involved.
Fees for transfers below 500 CAD are going to cover the money processing cost charged by banks and companies like Visa and Mastercard.