Best way to exchange CAD to USD

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Check CAD to USD exchange rate trends!
CA
US
As of 2020-12-23
Why Remitbee is the best place to exchange CAD to USD
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Inexpensive

No fees and top exchange rates. Get the most out of your money by checking our live comparison table.

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Always Safe

Feel comfort knowing your money is safe. Remitbee is accredited by the Better Business Bureau online reliability program.

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100% Transparent

At Remitbee we don’t have any hidden fees or charges. Know exactly how much you’ll receive.

A cost effective solution for all business owners

Remitbee allows you to pay overseas invoices for workers and assets at competitive exchange rates. Every dollar saved is a dollar earned for your business and Remitbee could save you thousands. Every dollar counts when you’re growing your business. It’s best practice to put aside time to compare the exchange rates of different banks and services like Remitbee to find the best rates. By charging high fees, big banks and certain services end up profiting a lot off your business’ hard work.
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The simplest and quickest way to pay for your tuition

Average tuition fees for international students in Canada during 2020-2021 were about $32,019 CAD.This means you could save about $1235 USD yearly with a seemingly trivial .0386 difference in exchange rate. Think of all the meals you could buy yourself with that extra money! Check our live comparison table to see how much you would be saving by using Remitbee Foreign Exchange
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Frequently Asked Questions
Remitbee has daily and monthly limits on how much you can send: The amount of money you can send daily and monthly depends on your verification level with Remitbee. We currently have (3-4) levels of verification.
Yes.
There are no fees at all when you use Remitbee Currency Exchange.
USD to CAD. CAD to USD.
You can now deposit money into your US bank account and retrieve the same amount once it’s converted, and vice versa!

For current users – If you’ve used Remitbee before, you won’t need extra verification. Just start exchanging! Follow these steps:

  1. Enter USD/CAD exchange amount

  2. Connect bank account you want to pay with

  3. Connect bank account you want to deposit into

  4. Review all the details

  5. Confirm and exchange!

For new customers – If you’ve never used Remitbee before, you’ll have to do only a few extra steps to complete your first transfer. Once done, you won’t have to complete the extra steps again. Here are the steps you will follow:

  1. Select amount/currency pair you want to exchange

  2. Provide us with your personal details (Address, First/ Last name, Occupation)

  3. Connect bank account you want to pay with

  4. Connect bank account you want to deposit into

  5. Review details all the details

  6. Confirm transfer.

After that, we’ll require you to pass the following verification: submit a photo of ID and proof of Canadian bank account. It might take us up to 24 hours to verify everything, but once you’re verified, your exchange will be completed automatically.

Market exchange rate is basically the real exchange rate between two currencies. It’s what financial institutions, like your bank, use to trade with other financial institutions. Unfortunately, these rates are often only reserved for transfers dealing with a ton of money— more money than the average person would ever deal with. The consumer exchange rate is the rate you’re most likely used to dealing with. The consumer exchange rate is a combination of the market exchange rate plus whatever amount the financial institution (in most cases, your bank) charges in order to make a profit. It’s best practice to use the market exchange rate as a benchmark when you’re looking for the best rates. The closer the exchange rate is to the market exchange rate, the better.
Here are some tips for getting the most money out of a transfer: Use Remitbee to monitor the CAD to USD exchange rate with our graphs and tools. This allows you to get an idea of how high the exchange rate could get and when it’s on an upward trend. Set up an alert using Remitbee and be notified when the exchange rate goes above a certain specified value. The alert will go straight to your email inbox, so that you can’t miss it!
Money would flow more easily if the entire world had one currency. However, we all know this isn’t the case and that’s why we need foreign currency exchanges. When money crosses borders, it often has to be converted into the local currency because all currencies are worth differently. The differences in value between currencies fluctuate constantly. The fluctuating exchange rate often takes into account many factors like supply and demand.
Banks take advantage of the knowledge that most people will use what they’re familiar with when it comes to international transfers. Big banks use this knowledge to continue charging higher rates than other services because they have been able to get away with it for many years. Banks disguise their high exchange rates with complicated fee structures which leave consumers naive about how much money they’re losing. Remitbee is on a mission to keep our fees and exchange rate transparent so that you can transfer money overseas feeling safe that you’re truly getting the best exchange rate.
Remitbee always offers the best CAD to USD, USD to CAD exchange rate