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Scotiabank
3.4Est. 1832
Scotiabank offers international money transfers for Canadian account holders. Strong Caribbean and Latin American presence but expensive for regular transfers.
Countries
130+
Currencies
30+
Speed
2-5 business days
Fees
CAD $15-$30 per wire transfer
Pros
- Strong in Caribbean & Latin America
- Send from existing Scotiabank account
- Scotia Globe & Mail partnership for FX
Cons
- High wire fees (CAD $15-$30)
- Exchange rate markup 2-3%
- Slower than fintech providers
Key Features
Online banking
Scotia International Money Transfer
Branch network
Transfer Details
HeadquartersToronto, Canada
RegulatedYes
RegulatorsOSFI (Canada), FINTRAC
Min Transfer$1
Max Transfer$50,000
Payment MethodsBank Transfer
Delivery MethodsBank Deposit
Exchange Rate Markup2% - 3% above mid-market