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.

Help me choose

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

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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

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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.

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

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Frequently asked questions

The monthly account fee for the Scotia U.S. Dollar Daily Interest Account / Scotia Euro Daily Interest Savings Account is €1 / $1USD per month. There is no monthly account fee with a €200 / $200USD minimum daily closing balance or with the senior’s discount (age 60+).

Our foreign currency accounts include 2 free debit transactions (€1.25 / $1.25USD for each additional) and free paperless recordkeeping.

For complete details review Summary of Account Fees.

Scotiabank’s regular bank accounts are in Canadian Dollar (CAD) currency. Scotiabank’s foreign currency accounts (Scotia U.S. Dollar Daily Interest Account and Scotia Euro Daily Interest Savings Account) allow you to save, send, and receive U.S. dollar or Euro currency without having to convert to Canadian dollars.

You can visit any Scotiabank branch to convert your money.

Convert your Canadian dollars to U.S. Dollars or vice versa by using ScotiaOnline or your Scotia mobile app, if you have both a Canadian Dollar account and Scotia U.S. Dollar Daily Interest Account. Simply initiate a transfer online.

Remember! As a Scotia U.S. Dollar Daily Interest Account or Scotia Euro Daily Interest Savings Account holder, you also receive competitive foreign exchange rates!

You can deposit foreign currency cheques into any Scotiabank account including your Scotia U.S. Dollar Daily Interest Account and Scotia Euro Daily Interest Savings Account. Depositing U.S. Dollar cheques into your Scotia U.S. Dollar Daily Interest Account and Euro currency cheques into your Scotia Euro Daily Interest Savings Account will enable you to avoid having to convert currency to Canadian Dollars at deposit.

Scotiabank offers accounts in Canadian dollar, U.S. dollar, and Euro currency.

Most of Scotiabank’s accounts are in Canadian dollar currency. Check out our Bank Accounts page to browse available accounts or check out the Bank Account Selector Tool to help you choose which account is best for you.

Scotiabank also offers a variety of savings account, including in U.S. Dollar and Euro currency. Visit our Savings Accounts page to browse your options or the Savings Account Selector Tool to help you choose which account is right for you.

Additional information

Eligible for CDIC Insurance

Scotiabank - DAY-TO-DAY BANKING - COMPANION BOOKLET
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Terms and conditions

®

Registered Trademark of The Bank of Nova Scotia

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 Momentum^PLUS 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.

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Foreign currency accounts

Choose a savings account that’s right for you