International Money Transfer (IMT) for business

Send international business payments directly to a recipient’s bank account—securely and conveniently through ScotiaConnect®, Scotia OnLine® Digital Banking, or the Scotiabank mobile app.

Why choose Scotiabank IMT for your business?

International Money Transfer helps businesses move money across borders with ease. Send payments from an eligible Canadian dollar business account in major currencies such as USD, INR, EUR, and more—without visiting a branch.

  • Great value: Save with lower transaction costs compared to traditional methods and access competitive foreign exchange rates in real time.
  • Easy to use: Complete your transfer in a few simple steps through ScotiaConnect®, Scotia OnLine® Digital Banking, or the Scotiabank mobile app.
  • Direct to account: Funds are deposited directly into the recipient’s bank account.
  • Enhanced monitoring: Transfers are monitored and screened for fraud and unusual activity, so your money moves safely.

Product details

ScotiaConnect® Digital Banking

    • Transfer up to $50,000 securely, with no daily, weekly, or monthly limits.
    • Send to 20 countries worldwide.
    • Payments can arrive in as little as 1–5 business days.
    • Transactions undergo sanctions screening and fraud monitoring before
      being released.
    • Detailed transaction reports are available.

    Scotia OnLine® Digital Banking and Scotiabank mobile app

      • Send up to $15,000 daily and $25,000 weekly, with a minimum transfer of $75.
      • Send to up to 71 countries worldwide.
      • Payments can arrive in as little as 1–3 business days, depending on destination country and processing requirements.
      • Transfers are supported by fraud monitoring and security measures designed to help protect your transactions.

      How does International Money Transfer (IMT) for business work?

      Through ScotiaConnect® Digital Banking

        Step 1: Create your recipient profile

        Add the recipient’s details and assign IMT as the payment type.

        Step 2: Create the payment

        Enter the payment amount, currency, and transfer details in the Create Payment flow. 

        Step 3: Review and confirm

        Review the transfer details, accept the quoted foreign exchange rate, and submit the payment for processing. 

        Don’t have Scotia Connect? Contact us to get started (Find a Business Advisor )

        Through Scotia OnLine® Digital Banking or the Scotiabank mobile app

          Step 1: Set up your transfer

          • Sign in and go to Move Money.
          • Select Send money across the world, choose the destination country, and enter the transfer details.
          • Enter the amount and select or add the beneficiary.

          Step 2: Review the transfer details

          Step 3: Confirm and track your payment

          Related services

          ScotiaConnect Digital Banking

          Enhanced online business banking to approve and submit payments, check balances, EFTs, Wires, and more.

          Mobile Deposit

          Deposit a cheque with your smartphone.

          New to Digital Banking?

          How can we help?

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          ®
          Registered trademarks of The Bank of Nova Scotia.
          1
          Terms and conditions of the Scotiabank International Money Transfer Agreement applies.  Visit : Terms and Conditions
          2
          Payments can be sent to up to 71 countries, depending on the platform used.
          3
          Except for payments sent to China and the Philippines. Beneficiary bank deductions are processing fees taken from the value of the payment by any of the banks in the payment chain. Fees are subject to change.
          4
          Money transfer fees will be temporarily waived for ScotiaOnLine and mobile service. Offer may be changed or withdrawn at any time without notice. Standard fees will apply once the waiver offer has ended.
          5
          Transaction processing times vary depending on destination country. Transactions can take from 1–5 business days to reach their destination.
          6
          Foreign currency exchange rates still apply. A transfer must be made from an eligible Scotiabank business bank Canadian dollar account.