Foreign currency accounts

A foreign currency account allows you to save, send, and receive funds in a currency other than Canadian Dollars. Scotiabank offers both a U.S. Dollar and Euro currency account.

Yes! Scotiabank offers U.S. Dollar and Euro foreign currency accounts.

Visit your local Scotiabank branch or use the online appointment booking tool to book an appointment with an advisor to open a foreign currency account today. 

Yes! Visit a Scotiabank branch to open a Scotia Euro Daily Interest Savings Account.

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.

You can use your foreign currency account to save, send, and receive U.S. or Euro currency without having to convert to Canadian dollars.

Save, send, and receive U.S. dollar or Euro currency without having to convert to Canadian dollars. As a Scotia U.S. Dollar Daily Interest Account or Scotia Euro Daily Interest Savings Account holder, you also receive competitive foreign exchange rates!

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.  

Visit any Scotiabank branch to deposit a foreign currency cheque into your bank account. 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’ll need to be a resident of Canada and have a piece of Government Issued Photo ID to open a Foreign Currency Deposit Account. Visit a Scotiabank branch to open a foreign currency deposit account today.

For more information, visit Scotia Advice+.

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.