Scotia U.S. Dollar Daily Interest Account

Right for you if:

  • You travel frequently to the U.S.
  • You make and receive payments in USD
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  • Bank without borders
  • Interest rates to make your U.S. funds grow Monthly fee is waived when you maintain a minimum daily balance of US $200.
  • Includes two transactions (cheques, pre-authorized payments, cash withdrawals, and account transfers made with teller)
  • Additional transactions are US $1.00 each.
  • If daily account balance drops below US $200, a monthly maintenance fee of US $1.00 applies.
  • Commission-free USD money orders and USD drafts.
  • Commission-free regular American Express USD Travellers Cheques.
  • Tiered interest is calculated on daily closing balances as your account balance increases, so does the interest rate

PLUS:

Free Scotia® OnLine Financial Services, TeleScotia, Interac Online, or Scotiabank ABMs.

Deposits to this account do not constitute as deposits that are insured under the Canada Deposit Insurance Corporation (CDIC) Act.

Fees

  • Rates are provided for information purposes only and are subject to change at any time.
  • If daily account balance drops below US $200, a monthly maintenance fee of US $1.00 applies.
  • Additional transactions are US $1.00 each.
  • Summary of Account Fees
  • Recordkeeping Options
    Paperless Not Available
    Paper Statement No Charge
    Paper Statement with Cheque Image Return $2.00/month
    Passbook No Charge
  • Interest
    The interest rate paid depends on the total daily closing balance. Interest rate is applied to the entire balance, calculated daily, and paid monthly.

Additional Information

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  • Day-to-Day Banking Companion Booklet
    PDF: 499 kb
    Download

Account Add-ons and Other Features


  • Scotia Simple Switch The Scotia Simple Switch® program is a free service providing you with a convenient and hassle-free way to transfer your bank account to Scotiabank. More details
  • Direct Deposit Direct deposit is the quick and easy way to have cheques deposited to your account electronically for easy access to your money. More details
  • Scotia Plus Eligible Enjoy an array of specialty banking services when you turn 59. More details
  • Pre-Authorized Contributions Set up an automatic investment plan with a little as $50 per month. Regular contributions give you the benefits of compound investing and dollar cost averaging. More details
  • Scotia InfoAlerts Receive account information via text or email.

Ready to apply

What do I need to apply?
  • PhoneTakes about 8 minutes 1(800)472-6842 Mon-Fri (8am-6pm)
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