Scotiabank currently lists C$15 or US$15 for most incoming international wires, charged in the account currency. Outgoing wires and business transfers use different pricing from the personal digital transfer service.
Selected Scotiabank credit cards waive Scotiabank's foreign-currency conversion fee. The purchase still uses the applicable card-network exchange rate, which is not guaranteed to equal the mid-market rate.
International transfers may be delayed by compliance checks, intermediaries, holidays or recipient-bank processing. Verify recipient details before sending because recovery is not guaranteed.
What is the
Scotiabank Send Money conversion rate for USD to CAD?
The Scotiabank USD to CAD exchange rate is 1.3689. This is -2.8% compared to the latest USD-CAD mid-market rate 1.4083.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
US dollar (USD) to Canadian dollar (CAD) rates from different sources before making a conversion.
The above
Scotiabank - Dollar to Loonie comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Scotiabank and other foreign exchange providers against the latest USD-CAD mid-rate and the possible savings of using various providers.
How do Scotiabank USD-CAD rates compare between providers?
Looking at the full
USD to CAD - Send Money comparison table the provider with the best USD to CAD exchange rate is OFX at 1.4013, -0.5% from the latest mid-market rate 1.4083.
The next best is XE at 1.3999, -0.6% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like Scotiabank often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency: