|
|
|
||
|
|
|
||
|
|
|
||
|
|
|
Understanding the Table:
The comparison table above helps you see the total cost of your Scotiabank currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
The table below shows Scotiabank Canadian dollar (CAD) Buy Cash exchange rates with the percentage of margin being charged from the current market mid-rate :
| Currency route | Mid market rate | Scotiabank Buy Cash Rate | Cost% |
|---|
| Send money internationally as a direct deposit to your family or friends using your mobile app or online banking |
$1.99*/transfer on select accounts |
| Each automatic pre-arranged transfer of funds between your Scotiabank personal Canadian Dollar deposit account (debit transaction fee applies) | Free |
| Each manually processed pre-arranged transfer of funds between your Scotiabank personal deposit accounts (debit transaction fee applies where applicable) | $1.50 |
| Each transfer by branch staff between your Scotiabank personal deposit account due to telephone/fax/mail request, or to cover cheques (debit transaction fee applies) | $4.50 (optional Advice $5.00) |
| Transferring a Scotiabank account balance to another financial institution | $20.00 |
| Incoming Wire Transfer fees | |
| Incoming Wire Transfer identified as a Pension Payment in the payment message | $1.50 per transfer* |
| All other Incoming Wire Transfers | $15.00 CAD/USD per transfer* |
* All fees are charged in the currency of the account.
The Scotiabank FX Fees we use are based on publicly available information available here.
How much does it really cost to live, work, or travel in ? Here's what to expect for daily expenses and expat living.
For a traveler planning a one-week mid-range stay in India, budgeting around ₹35,000 to ₹50,000 (approximately $420 to $600) should offer a comfortable experience. This amount covers a range of activities and experiences. Here’s a breakdown of some typical daily expenses in Indian Rupees (₹):
Overall, India is generally considered a budget-friendly destination for travelers, especially when compared to countries like the United States and the UK. While dining and accommodation can be quite affordable, some tourist activities may add up. Traveler costs might be significantly lower in India, allowing for more activities on a tight budget compared to the average expenses in the U.S. and the UK, where costs are approximately 2-3 times higher for similar experiences.
Expats settling in India should budget around ₹40,000 to ₹80,000 per month to cover typical living costs adequately. This budget would include rent, utilities, groceries, transportation, and leisure activities. Here’s a general breakdown of monthly expenses in Indian Rupees:
When it comes to banking and financial transactions in India, it's advisable for expats to have a local bank account for everyday expenses. Credit and debit cards are widely accepted, although keeping some cash for small vendors is prudent. For sending and receiving money, services like Wise (formerly TransferWise) or OFX often provide better exchange rates and lower fees than traditional banks. While exchanging cash locally is convenient, online transfer services can offer significant savings, making them a preferable option for larger transactions or when settling down for an extended stay.
View a full list of exchange rates by selecting your Base (from) currency:
