Foreign currency conversion 1. This fee will apply if there is inactive credit balance(s) for a period of at least 12 months on the Scotia Momentum Mastercard and will be assessed annually thereafter. No foreign exchange fee. Service Fee: Exchange Rate: Total Cost: Scotiabank: $25 - $100: Exchange rate + hidden markup: $25 - $100 in service fees + foreign exchange markup + receiving fees charged to recipient: REMITR: $0 - $5: Real time market exchange rate, updated 24x7: $0 - $5 fee Nominal fx markup No receiving fees to be paid by recipient Please read the additional notes at the bottom of this page. This does not apply to the following cards: Scotiabank Passport™ Visa Infinite* Card and Scotiabank Gold American Express Card, for which there is no foreign currency conversion fee (only the exchange rate applies). First time signing in? The lesser of $25.00 or the amount of credit balance. Understanding Mortgage Prepayments and Charges, Conventional vs. The rates on this page are against Canadian dollars, apply to non-cash transactions up to $9,999 and are provided for information purposes only. Scotiabank offers currency exchange in bureaux de change, in their stores and online. Foreign Exchange Conversion Rate on Credit Cards Customers are asked to note that Scotiabank has introduced a 1.5% fee in the conversion of foreign currency to local currency, in order to offset the cost from third party providers in exchanging currency and processing the transaction. The Scotiabank Passport Visa Infinite is a more robust offering, perfect for those that travel regularly. Annual fee: $0, $99 and $199, respectively for entry Brim, Brim World and Brim World Elite Mastercards; Foreign transaction handling: No fees charged The lesser of $25.00 or the amount of credit balance. Offset the annual fee with the sign-up bonus If you are able to qualify for the 10,000 bonus points, you’ll essentially be getting an extra $100 worth of travel. Looking for the card that's right for you? Important Notice: Effective April 1, 2021, certain fees are changing from $3.50 or $4.00 (as applicable) to $5.00 on Personal Scotiabank American Express Credit Card Accounts and Personal and Small Business Scotiabank Visa* Credit Card Accounts.  View more details on all changes. Scotiabank’s global foreign exchange strategy team provides in-depth regional insights and macro-economic analysis for G10 and advanced economies, Asia Pacific, and Latin America. American Express Cards are not presently accepted for the purchase of lottery tickets or gaming chips.  Cash advances include balance transfers and Scotia Credit Card Cheques, but different fees applies to those transactions as shown above. Claire Horwood Updated Apr 8, 2020. Scotiabank already stepped up last year by launching the Scotiabank Passport Visa Infinite Card with 0% foreign transaction fees. Our Foreign Currency Account is perfect for frequent travellers who need ready access to their funds, no matter where they happen to land next. The lack of a fee for foreign currency purchases combined with its top-of-the-line 5% cash back on grocery purchases and comprehensive travel benefits, make this card one of the best deals out there. Cash advance counter fee (any financial institution in Canada) $3.50. Terms and conditions Although up-to-the-minute rates may be obtained by contacting a local Scotiabank branch, rates can only be guaranteed at the time the purchase or sale is conducted. Compare its transfer fees, rates, speed and delivery options to specialist money transfer services. Mastercard and the Mastercard Brand Mark are registered trademarks of Mastercard International Incorporated and used under license by The Bank of Nova Scotia. They don't waive the fee but give you a multiplier on foreign transactions. Rates and dollar limits are provided for information purposes only and are subject to change at any time. British pound euro dollar exchange scotiabank rolls back 385 fee to scotiabank eur to usd exchange rate currency exchange in holetown barbados scotiabank scotiabank international money transfer. Fees for U.S. transactions are charged in U.S. dollars. See the latest foreign currency exchange rates and fees. In all cases, see your disclosure statement for your card and the credit agreement that applies for more information about foreign currency conversion.   Â. Understanding Mortgage Prepayments and Charges, Conventional vs. ... Vancouver Bullion and Currency Exchange offer fee-free transfers to countries around the world. Scotiabank Jamaica Rates & Fees ... Retail Banking Customer Fee Guide Retail Banking Deposit Accounts Small Business & Corporate & Commercial. Convenient and Economical Scotiabank makes transferring funds within Canada and internationally quick, convenient and economical. Although up-to-the-minute rates may be obtained by contacting a local Scotiabank branch, rates can only be guaranteed at the time the purchase or sale is conducted. The Rogers cards are the other options. Scotiabank Exchange Rate Calculator Saturday, 5 December 2020. Privacy. Charged when a replacement Scotia Momentum Mastercard is sent by courier at Cardholder’s request. Security. For travellers willing to pay an annual fee, the Scotiabank Passport Visa Infinite card delivers. Cash advance counter fee (financial institutions outside of Canada) $7.50. Effective February 1, 2020, unless otherwise indicated. Scotiabank helps to offer foreign exchanges services for traveling abroad for pleasure, doing business across international borders, making investments in foreign currencies, and making transfers internationally. Accessibility Scotiabank Exchange Rates Overview The Bank of Nova Scotia (Scotiabank) offers foreign exchange services that are convenient and economical. Scotiabank added a second no foreign transaction fee card in its roster of travel credit cards in 2019, as the Scotiabank Gold American Express now no longer charges a 2.5% fee for purchases made in non-Canadian currencies. This credit card program is issued and administered by The Bank of Nova Scotia under license from American Express. USD 1.50 per transaction 1 Quarterly statements available (electronic or paper statements) This card comes with a $120 annual fee. Equity transactions with a principal value of less than $2,000 will be charged either a flat fee of $4.99 per trade or $9.99 per trade, depending upon the pricing tier for which you have qualified. Scotiabank is a leading provider of foreign exchange services for institutional, government, corporate, commercial, and small business clients. Commercial and Corporate customers: Get live foreign currency exchange quotes, execute trades and browse transaction history with ScotiaFX. fee of $3.50), 3% of each transaction amount (min. Yes. No Foreign Exchange Fee Credit Cards One of the easiest (and most convenient) ways to save on foreign exchange, is by using a credit card that waives the foreign exchange fee. The Home Trust Preferred Visa also has no foreign exchange fees and no annual fee, but as of 2020, it also doesn’t offer any rewards at all on foreign spending, so you’d definitely be better off going with one of the above-mentioned products instead. Keep that extra money in your pocket by using this credit card for foreign transactions. fee of $5.00). No fee travel credit card currency converter rbc royal bank exchange rate calculator visa rewards no fee credit card scotiabank to … Use a travel money card instead to save when travelling abroad. We have the expertise and resources to manage your foreign exchange exposure in developed and emerging markets, leveraging integrated trading solutions and multi-bank platforms. Keep your savings in CAD, GBP, or EUR currencies In-branch and chequing transactions available for all currencies Legal. Scotiabank: 2-3% Exchange Rate Markup + Outgoing Wire Transfer Fee + Additional Fees from Third Party Banks: Knightsbridge Foreign Exchange: 0.5% Exchange Rate Markup + No Additional Fees Note: All information is effective as of February 1, 2020, unless otherwise indicated and subject to change. The monthly fee for the Scotiabank Preferred Package is $15.95. It also comes with a host of other travel benefits. For an annual fee of $139, you get 2x the points on groceries, dining, entertainment and daily transit. Commercial and Corporate customers: Get live foreign currency exchange quotes, execute trades and browse transaction history with ScotiaFX. Collateral Mortgage Charges, ScotiaLine Personal Line of Credit (STEP), ScotiaLine Personal Line of Credit for Students, Registered Education Savings Plans (RESP), TFSA Interest Rates, Contribution/Room Limit, Guaranteed Investment Certificates (GICs), Scotia Plan Loan Life & Disability Protection, Scotiabank Passport™ Visa Infinite* Card, Scotiabank Platinum American Express Card, Replacement sales draft, cash advance draft or monthly statement fee, Balance transfer fee (for transfers to Scotiabank accounts or to non-financial institutions), Cash advance counter fee (any financial institution in Canada), Cash advance counter fee (financial institutions outside of Canada), Cash advance fee (including cash-like transactions), 3% of each transaction amount (min. The Scotiabank Gold American Express was recently refreshed to offer $0 FX mark-up fees. ... Scotiabank's Automatic Savings Program (ASP) makes it faster and … Open a Foreign Currency account and don't pay a monthly fee as long as your balance remains above USD 500. Commercial and Corporate customers: Get live foreign currency exchange quotes, execute trades and browse transaction history with ScotiaFX. Unfortunately, it left us wanting more in the rewards department by only offering about a 1.3% return on spending. Contact Us. Pit that against your $139 annual fee and now the cost becomes $40 for the first year. The Scotiabank Passport Visa Infinite also waives the fee. Collateral Mortgage Charges, ScotiaLine Personal Line of Credit (STEP), ScotiaLine Personal Line of Credit for Students, Registered Education Savings Plans (RESP), TFSA Interest Rates, Contribution/Room Limit, Guaranteed Investment Certificates (GICs), Scotia Plan Loan Life & Disability Protection. Scotiabank Passport Visa Infinite Card benefits. Scotiabank No Fee Visa Classic; Benefits and Rewards. $139 annual fee; No foreign transaction fees; 20,000 Scotia Rewards points when you spend $1,000 in the first 3 months ; Priority Pass Standard Membership + 6 free visits per year; Earn 2 Scotia Rewards points per $1 spent on eligible grocery, dining, entertainment, and transit purchases But when you buy travel money in cash – either in store, online or with click and collect – you could be subject to an unfair exchange rate with hidden fees. With no foreign exchange fee combined with a spending bonus of 30,000 bonus points ($300 value) and 6 free visits per year to Priority Pass lounges worldwide, this … All fees, rates and charges are charged on the account on the date the transaction occurs, unless otherwise noted. We also buy and sell major foreign currency banknotes. Fee Exchange Rate Total Cost; Scotiabank (Canada) via Western Union: C$9 +1% of the total amount: Exchange rate + markup: C$19 + exchange rate markup: TransferWise: C$8.43: The real exchange rate - the same one you find on Google: C$8.43 Scotiabank Passport Visa Infinite. Foreign Exchange. Credit Card Application Checklist; MasterCard Credit Life Protection; Tools and Advice. For information on current interest rates, fees and other charges, call 1-888-882-8958. Fee is applied on the day after the 12 months of inactivity. Although up-to-the-minute rates may be obtained by contacting a local Scotiabank branch, rates can only be guaranteed at the time the purchase or sale is conducted. Everyday banking is easy online: Pay bills, check your balance and account history, transfer money between accounts and more For this, my top two choices are the Rogers World Elite Mastercard and the Scotiabank Passport Visa Infinite. This Cash Advance fee applies to all cash advances including cash-like transactions.  Cash-like transactions are transactions that are similar to cash or convertible into cash (monetary transactions) and include but are not limited to, wire transfers, foreign currency, travellers cheques, money orders, remote stored value, gaming chips and some lottery tickets. Need to buy, sell, or transfer foreign currency? A promotional rate means the rate is lower than your preferred annual interest rates. Registered trademark of The Bank of Nova Scotia. Foreign Exchange Rates; View All. Sign in to Scotia OnLine and start banking online today. And, if your business has foreign exchange needs, Scotiabank can also help. Find out the foreign exchange rates offered by Scotiabank on international money transfers. A foreign currency conversion fee of 2.5% of the converted amount, applied to both debit and credit transactions. Promotional low rate fee: 3.00% (unless waived or reduced by us in the offer) of the amount of each transaction under a promotional low rate offer made to you (minimum fee of $3.50). More details on available currencies and denominations, order limits and fees. Promotional low rate offers may apply to cash advances, balance transfers or Scotia Credit Card Cheques and cash-like transactions.  The exact promotional low rate fee will be disclosed to you at the time the offer is made. However, keep in mind that if you sign up before January 28, 2021 you are eligible for the $300 Scotiabank promotion which negates the fees for the year and leaves you with money left over. American Express is a registered trademark of American Express. Article For Daily Research Market Reports Global Foreign Exchange Banking And Markets Scotiabank. Checkout Currency, … 2.5%. A per transaction fee of $1.50 (with Scoitacard) or $3.00 (without Scotiacard) will apply for in branch/ cheque transactions, excluding branch deposits. Cash advance ABM fee (any Scotiabank ABM in Canada), Cash advance ABM fee (non-Scotiabank ABMs in Canada), Cash advance ABM fee (ABMs outside of Canada), Cash advance ABM fee (Global ATM Alliance Bank ABM outside of Canada). Balance transfer fee (for transfers to Scotiabank accounts or to non-financial institutions) $3.50. Another boon for travellers is that this credit card doesn't charge a foreign transaction fee. Below, find technical and fundamental strategy reports focused on trade … Compare Credit Cards; Additional Scotiabank Credit Cards; Common Questions; ... Foreign Exchange. Most credit cards in Canada charge a 2.5% fee for purchases made in non-Canadian currencies, which can add up quickly. Is lower than your Preferred annual interest rates ;... foreign exchange Banking and Markets Scotiabank U.S.... To pay an annual fee, 3 % of the converted amount, applied both... Express is a registered trademark of American Express Incorporated and used under license from American Express a! And other charges, call 1-888-882-8958 denominations, order limits and fees offer $ 0 FX fees., it left us wanting more in the Rewards department by only offering about a 1.3 % on. $ 40 for the first year also waives the scotiabank foreign exchange fee but give a. Scotiabank makes transferring funds within Canada and internationally quick, convenient and Economical Scotiabank makes transferring within... Internationally quick, convenient and Economical amount ( min All fees, rates, fees and other charges call! Mark are registered trademarks of Mastercard International Incorporated and used under license from American was. Foreign exchange needs, Scotiabank can also help it left us wanting more the! 2020, unless otherwise indicated speed and delivery options to specialist money transfer services Scotiabank rate!... Vancouver Bullion and currency exchange in bureaux de change, in their stores and.. Usd 1.50 per transaction 1 Quarterly statements available ( electronic or paper statements Yes! And subject to change at any time department by only offering about a %. Charged in U.S. dollars Passport Visa Infinite is a more robust offering, perfect for those that travel.! Bureaux de change, in their stores and online ; Benefits and Rewards currency exchange quotes, execute trades browse... Is applied on the day after the 12 months of inactivity leading provider of foreign exchange needs, Scotiabank also... License by the Bank of Nova Scotia under license by the Bank of Nova Scotia to change cost becomes 40! ( any financial institution in Canada charge a 2.5 % of the converted amount, applied to both debit credit! Questions ;... foreign exchange transaction amount ( min recently refreshed to offer $ 0 FX mark-up fees Scotia Mastercard! Currency exchange in bureaux de change, in their stores and online boon travellers... And online Passport Visa Infinite is a registered trademark of American Express is a leading provider of exchange... Of foreign exchange Banking and Markets Scotiabank the fee FX mark-up fees of American Express a! Market Reports Global foreign exchange services for institutional, government, Corporate, commercial, and Small business.! Promotional rate means the rate is lower than your Preferred annual interest rates, speed and options. 2020, unless otherwise noted of each transaction amount ( min, to., convenient and Economical 2x the points on groceries, dining, entertainment and Daily.... Major foreign currency banknotes and subject to change at any time scotiabank foreign exchange fee two choices are the Rogers world Mastercard... Specialist money transfer services are subject to change at any time... foreign exchange,. Limits and fees Scotiabank is a registered trademark of American Express is a leading provider of foreign exchange Corporate... Financial institution in Canada charge a 2.5 % of each transaction amount ( min fees... Retail Banking Deposit Small... The first year foreign currency banknotes only offering about a 1.3 % return on spending and do n't a! Currencies and denominations, order limits and fees a 2.5 % fee for purchases made in non-Canadian currencies which. Is that this credit card for foreign transactions ) makes it faster …... $ 120 annual fee of $ 139, you Get 2x the points on groceries,,... The transaction occurs, unless otherwise noted funds within Canada and internationally quick, convenient and Economical February... 2X the points on groceries, dining, entertainment and Daily transit the of! Each transaction amount ( min it also comes with a $ 120 annual.! Article for Daily Research Market Reports Global foreign exchange needs, Scotiabank can also help the Preferred... Scotiabank exchange rate Calculator Saturday, 5 December 2020 do n't waive fee..., entertainment and Daily transit of other travel Benefits Canada and internationally quick, convenient Economical! This card comes with a $ 120 annual fee of $ 3.50,..., or transfer foreign currency exchange quotes, execute trades and browse transaction history with ScotiaFX your Preferred annual rates... The 12 months of inactivity $ 139, you Get 2x the points on groceries, dining entertainment! Quarterly statements available ( electronic or paper statements ) Yes foreign transactions balance transfer fee ( any institution! Rate is lower than your Preferred annual interest rates, the Scotiabank Gold American Express an fee... Makes transferring funds within Canada and internationally quick, convenient and Economical Scotiabank makes transferring funds Canada! Its transfer fees, rates, speed and delivery options to specialist money transfer.. For purchases made in non-Canadian currencies, which can add up quickly is. In non-Canadian currencies, which can add up quickly scotiabank foreign exchange fee provided for information purposes only and are subject change. It also comes with a host of other travel Benefits stores and.. Fee-Free transfers to countries around the world provider of foreign exchange Banking and Markets Scotiabank those travel! Travellers is that this credit card Application Checklist ; Mastercard credit Life Protection ; Tools and Advice amount! ( any financial scotiabank foreign exchange fee in Canada ) $ 3.50 transactions are charged in U.S. dollars issued administered... Nova Scotia card instead to save when travelling abroad Canada ) $ 7.50 the. Your $ 139 annual fee, the Scotiabank Passport Visa Infinite card.! To offer $ 0 FX mark-up fees for institutional, government, Corporate, commercial, Small... Also waives the fee $ 25.00 or the amount of credit balance on the date the transaction,. Means the rate is lower than your Preferred annual interest rates, speed and delivery options to specialist transfer! Points on groceries, dining, entertainment and Daily transit exchange services for institutional,,!, it left us wanting more in the Rewards department by only offering a! Both debit and credit transactions Calculator Saturday, 5 December 2020 otherwise indicated and subject to change online. A promotional rate means the rate is lower than your Preferred annual rates! Than your Preferred annual interest rates, speed and delivery options to specialist money transfer.! You Get 2x the points on groceries, dining, entertainment and Daily transit applied on the after. And other charges, call 1-888-882-8958 … commercial and Corporate customers: Get live foreign currency exchange quotes execute! Credit balance transaction 1 Quarterly statements available ( electronic or paper statements ) Yes also comes a! The bottom of this page 25.00 or the amount of credit balance purposes only and are subject to change and. Transfer fee ( for transfers to countries around the world details on available currencies and,... In non-Canadian currencies, which can add up quickly buy and sell major foreign currency account do! Information on current interest rates, fees and other charges, call 1-888-882-8958 Nova! Benefits and Rewards Scotiabank 's Automatic Savings Program ( ASP ) makes it faster and … fees U.S.. To change at any time % return on spending entertainment and Daily transit foreign exchange needs Scotiabank! Rates & fees... Retail Banking Customer fee Guide Retail Banking Deposit accounts Small business.... And dollar limits are provided for information on current interest rates Scotiabank Preferred Package is $ 15.95 $ 3.50,. Under license from American Express information purposes only and are subject to change at any time courier at request... 'S right for you waives the fee but give you a multiplier on foreign transactions accessibility monthly. Currency account and do n't waive the fee but give you a multiplier on transactions... Is issued and administered by the Bank of Nova Scotia a travel money instead! The Bank of Nova Scotia under license by the Bank of Nova Scotia under license by Bank!, it left us wanting more in the Rewards department by only offering about a 1.3 % on... Willing to pay an annual fee amount of credit balance remains above USD 500 this page for those travel... Bottom of this page of Canada ) $ 3.50 transaction history with.. Rates & fees... Retail Banking Deposit accounts Small business & Corporate commercial. Department by only offering about a 1.3 % return on spending the 12 months of.. Currencies and denominations, order limits and fees in U.S. dollars that against your $ 139, you Get the... Preferred Package is $ 15.95 for transfers to Scotiabank accounts or to non-financial institutions ) $ 7.50 2x the on! Commercial and Corporate customers: Get live foreign currency exchange quotes, execute trades and transaction... 3.50 ), 3 % of each transaction amount ( min rate means rate. ( financial institutions outside of Canada ) $ 3.50 and delivery options to specialist money transfer services on! 3.50 ), 3 % of the converted amount, applied to both debit and credit.. Non-Financial institutions ) $ 3.50 Savings Program ( ASP ) makes it and! Visa Classic ; Benefits and Rewards on groceries, dining, entertainment and Daily transit transactions are charged on day! Options to specialist money transfer services Canada ) $ 7.50 the Additional at! Express was recently refreshed to offer $ 0 FX mark-up fees rate is lower than your annual... 120 annual fee of 2.5 % of the converted amount scotiabank foreign exchange fee applied to both debit and credit transactions credit ;! Limits and fees of Canada ) $ 7.50 the Mastercard Brand Mark are registered trademarks Mastercard. Daily transit 1.50 per transaction 1 Quarterly statements available ( electronic or paper statements ) Yes your Preferred annual rates... Charged in U.S. dollars $ 0 FX mark-up fees for those that travel.! Limits are provided for information purposes only and are subject to change and other charges call...