CAD to USD Fee Calculator

Banks and brokers hide massive fees in their currency exchange spreads. See exactly how much you lose, and compare the cost of Norbert's Gambit.

Amount to Convert

Big 5 Banks

~2.5% Markup

The standard hidden markup baked into retail exchange rates at major Canadian banks.

Wealthsimple (Standard)

1.5% FX Fee

Fastest, but most expensive for large amounts.

Wealthsimple (Gambit)

$9.95 + Tax

$9.95

Built-in Norbert's Gambit tool (Plus negligible ETF bid-ask spread).

Questrade (Gambit)

$9.95 + Tax

$9.95

Journaling fee applies (Free with Questrade Plus).

Interactive Brokers

~$2.00 Flat

~$2.00

Converts at true institutional spot rate. $2 minimum commission.

Wise (TransferWise)

~0.55%

Best for holding multi-currency balances, instant conversions, and spending with their travel card.

Converting inside a TFSA/RRSP?

Wealthsimple & Questrade both charge $9.95 + tax for Norbert's Gambit. Wealthsimple offers USD accounts for $10/mo (Free for $100k+ clients); Questrade holds USD for free, but makes journaling free if you have Questrade Plus ($19.99/mo).

Open Wealthsimple Open Questrade

Need a multi-currency account & card?

Wise lets you hold CAD and USD simultaneously, convert instantly at low rates, and spend globally with their physical card. No US bank needed.

Open a Wise Account & Get Reward Interactive Brokers (~$2 FX)