Frequently Asked Questions
Can I pay with a credit card?
AUnfortunately, we do not accept credit card payments at this time. Our clients are welcome to pay with cash, debit card (Canadian Banks) or bank draft.
Are there any hidden fees?
ACanAm Currency Exchange does not charge any extra service fees above and beyond our transparent exchange rates.
What is the minimum transaction amount?
AWe would like for the minimum transaction to be $2,500 but we will do lower amounts as well from time to time. We also do transactions for clients that are above $1M.
Does CanAm book a transactions at a rate I choose?
AYes, you can set the rate at which you want to buy or sell US funds in and when it gets to that rate we will lock in the transaction for you.
How much does CanAm save me compared to the banks?
AYou can save anywhere between 2% – 3% per transaction, which could lead to hundreds or thousands of dollars.
When does CanAm require ID to transact?
AIf the bank notes you are exchanging are equal to or more than CAD$2,900, you are required to submit a government issued picture identification.