Foreign currency accounts

Whether you want to save, send or receive funds in Canadian dollars, U.S. dollars or Euros, we have an account for you to bank easily and conveniently.

Enjoy Competitive foreign exchange rates, earn interest and pay no monthly account fees if you’re 60 and over.

Choose a savings account that’s right for you

Scotia U.S. Dollar Daily Interest Account

Make your U.S. dollars go further.

  • Competitive foreign exchange rates
  • Easy online transfers between your Canadian and U.S. accounts
  • Commission-free U.S. dollar drafts
  • No monthly account fees with a $200 U.S. minimum balance
  • No monthly account fees if you’re 60 and over
View account details

Scotia Euro Savings Account

A better way to save euros.

  • Competitive foreign exchange rates
  • No monthly account fees with a minimum balance of 200 euros
  • No monthly account fees if you’re 60 and over
  • Two free teller transactions per month5
View account details

Benefits of foreign currency accounts

No monthly account fees

Enjoy no monthly account fees if you’re an Ultimate Package account holder or are 60 or over.

Access your money

Transfer funds online between your Scotia accounts or withdraw with the help of a Scotia teller anytime you need.

Avoid currency fluctuation

Deposit and withdraw funds without converting currencies.

Talk to a Scotia advisor today

A Scotiabank advisor is someone you can talk to about your today and trust with your tomorrow.

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Frequently asked questions

Additional information

Eligible for CDIC Insurance

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1
A maximum of five Premium Periods at any one time, each of which can have a length of 90 days, 180 days, 270 days, or 360 days. For each Premium Period, Premium Interest is calculated daily by applying the Premium Interest Rate to each deposit, including any accumulated Regular Interest, until the end of the Premium Period. Premium Interest is paid at the end of each Premium Period, so long as no debit transaction has occurred within that Premium Period. When a debit transaction occurs, no Premium Interest is payable for that Premium Period and a new Premium Period of the same length will commence the same day. Refer to Current Rates Page for current Interest Rates, which are subject to change.
2
When you don’t make any withdrawals within the Premium Period timeframe you select.
3
Refer to Bank The Rest® Savings Program page for further details.
4
A self-service transfer means a transfer to your other Scotiabank account without the help of a teller, including those made through Scotia OnLine®, Scotiabank Mobile Banking and Contact Centre. A $5.00 per-transaction fee applies on all debit transactions that are not self-service transfers. Standard registered plan withdrawal and transfer fees apply for RESP, RSP and other registered accounts (except TFSA). The MomentumPLUS Savings Account does not have ABM or Point of Sale access or automated direct bill payment functionality.
5
Only teller-assisted debit and withdrawal transactions conducted at your branch of account are allowed on this account. ABM, telephone and Internet banking services, direct payment transactions, bill payments, overdraft protection and cheque-writing privileges are not available on this account.