SCOTIABANK CAD vs GBP/EUR EXCHANGE RATES
Compare Scotiabank CAD currency transfer options to/from Canada. You can beat Scotiabank exchange rates when making a Canadian dollar money transfer or overseas payment, save time, money and get the best deal.
| Scotiabank | GBP to CAD | EUR to CAD | Minimum Transfer + Fee | TrustScore (Trustpilot) | More Details |
|---|---|---|---|---|---|
| Currencies Direct | $1.683 to $1.689 | $1.448 to $1.453 |  |  | |
| TorFX | $1.689 | $1.452 |  | | |
| Wise | $1.691 | $1.454 |  | | |
| Scotiabank | $1.643 | $1.412 | |  |  |
About TrustScores: A TrustScore is calculated on a scale from 1 to 5 and is the overall measurement of reviewer satisfaction, based on all reviews the business receives via Trustpilot’s website.
About transaction fees: The transaction (or service) fee that banks and providers charge is made up of a fixed fee which varies, depending on where you are sending the money and which currencies apply to the transaction.
About money transfer providers: Unlike banks, money transfer companies offer the very best exchange rates and by keeping their margin rates low, they beat the banks by several percentage points.
About exchange rates: Money transfer exchange rates are calculated and updated weekdays, hourly 08:00 – 16:00. The exchange rates provided are indicative only and several factors may contribute to the final rate, including market conditions, transfer amount and the mode of transfer (online or via phone/email).
Scotiabank International Money Transfers
International currency transfers to or from your Scotiabank account in Canadian dollars, UK pounds, the euro and many other popular currencies will involve a margin or exchange rate of around 3.4% and additional bank transaction or commission fees may apply.
Scotiabank international currency transfer rates are much higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
Currency Transfer Alternatives – Scotiabank
Sending foreign currency to or from your Scotiabank account in Canada needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of $100,000 Canadian dollars (CAD) using Scotiabank services would have a transaction exchange rate margin of around 3.4% – or $3,400 CAD. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only S700 CAD in total, which is a large saving over the bank service.
Scotiabank – Other Useful Information
International money transfers from Scotiabank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Scotiabank account holder to use their services. Scotiabank may additionally charge a flat rate commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of $5000.
Unless you pay a premium, Scotiabank’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
Scotiabank, Canada – About
Scotiabank (The Bank of Nova Scotia) was created in 1832 and is a Canadian multinational bank which is the third largest bank in Canada by deposits, serving more than 23 million customers in over 55 countries around the world. Scotiabank has a large distribution of its services all across Canada including over 1,000 local banking branches in major cities such as Toronto, Ontario, Montreal, Quebec, Vancouver, British Columbia and Calgary, Alberta.
Scotiabank branch finder
Find Scotiabank branch addresses near you with our geolocation map search. Simply enter the bank name (and optionally a city or country) and the map will display the closest Scotiabank branches in your search area results.
Contact Scotiabank from abroad
You can find answers to everyday banking questions at Scotiabank online. If you can’t find the answer you’re looking for, you can call them from outside Canada on +1 416-701-7200
Scotiabank – Head office address
Scotiabank – Scotia Plaza 44 King Street West Toronto, Ontario, Canada
Still have questions?
Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers
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