![]() All your data with Remitbee is SHA-256 RSA encrypted, for dependable privacy and security. Remitbee is FINTRAC certified and accredited by the better business bureau online business program. ![]() Remitbee transfers are usually received within hours if not minutes! If a transfer takes longer it will be within 1 business day. This money goes towards business and staff expenses. With Remitbee you can send transfers from Canada to:Īt Remitbee there are no hidden fees and high exchange rates running costs are covered by charging a low rate of 0.3-0.6% per transfer which is approximately $3-$5 per every $1000 CAD. Currently, Remitbee is only available to people with Canadian bank accounts and phone numbers. Remitbee offers online international money transfers as well as online currency exchanges including USD. In 2019, Remitbee was named as one of the leading fintech companies along with Shopify and WealthSimple by Toronto Finance International (TFI). Built by immigrants for immigrants, its goal is to make international remittances as fast, seamless, secure, and affordable as possible. There are several factors to consider such as:įounded in 2015, Remitbee is a Canadian- FinTech firm based in Mississauga. They allow you to order currencies online but you still need to go to the store in person to pick up the cash order.Ĭomparing Online Currency Exchange and Money Transfer ServicesĪs previously mentioned there are many options when it comes to choosing the best online financial service provider for you. ![]() Some services are only partially offered online. This is a quick way to manage your money and receive better exchange rates than you’d get at a bank. In order to facilitate currency exchanges successfully, you must have a multi-currency bank account. Online currency exchanges allow you to convert currencies globally such as USD to CAD or CAD to USD. Using an online transfer is convenient since it allows you to have more freedom when it comes to exploring exchange rates. Online money transfers allow you to send money to loved ones abroad using a website or app. These are two different services that can cause confusion based on their similarities. What is an Online Currency Exchange or Online Money Transfer? Whether you’re worried about security, best exchange rates, or fast transfer times, this guide will help you be informed about which money transfer service or currency exchange is best for you. Deciding which money transfer service or currency exchange to use can be a daunting task since there are many different options available today.
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