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If you reside in Sudbury, Ontario, you may wonder whether you have to walk to a currency exchange company to perform your transaction. The majority require you to walk. However, one provides online currency exchange services.
RemitBee allows you to do your transactions online and, at the same time, gives the best currency exchange rates.
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.
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.
01
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
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
02
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.
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.
03
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.
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.
04
Why should you choose Remitbee for currency exchange in Sudbury
Regulated And Approved
We are regulated, audited, and approved by FINTRAC (Canada's Financial Transactions and Reports Analysis Centre) and the Better Business Bureau's online reliability program, so we can guarantee you secure online transactions.
Transactions Protected Offline and Online
Our industry technology protects your money and data online and offline.
More Savings
Take advantage of our affordable prices and little to no fees to save money.
How To Exchange Currency In Sudbury
Step 1.
Get our app or sign up for a free RemitBee account.
Step 2.
To ensure the security of your data, finish the verification process.
Step 3.
Input the amount you want to convert.
Step 4.
Link your CAD/USD bank account.
Step 5.
Confirm the transaction: Your funds will be converted and transferred into your account without delay.
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.
Currency Exchange Near You
Frequently Asked Questions
Is it true that RemitBee offers better currency exchange rates than all Canadian banks?
RemitBee specializes in currency exchange, and they can make it cheaper than banks. Banks continuously raise the fees they demand from their customers while hiding their high conversion costs behind various fee structures. You'll always know how much you pay and receive when engaging with us.
Which Currencies Are Available to Exchange?
RemitBee exchanges USD/CAD and CAD/USD and vice versa at the moment. More currency pairs will be available in the future for your exchange requirements.
Are there other Currency Exchange services in Sudbury?
The Exchange House, Envoy International, and Foreign Exchange Centre are just a few companies in Beamsville that offer currency exchange services. Your best option if you want better exchange rates is RemitBee.
How Do I Contact RemitBee’s Customer Support?
You can chat with us on every website page in the bottom right corner. Other ways to contact us are 1-647-689-2323 and [email protected].