Scotiabank International Wire Transfer Fee

Existing customers can send a scotia international money transfer from eligible canadian dollar accounts by signing in to online banking or scotiabank s mobile app.

Scotiabank international wire transfer fee.

Incoming wire transfer fees. For ultimate package customers and customers onboarded as a part of the scotiabank startright program we do not charge a service fee for the transfer however foreign currency exchange rates apply. International wire transfers can be 6x cheaper when you make international transfers with an alternative platform like remitr you are saving nearly six times the cost for one remitr does not use wires to make transfers so the process is. Scotiabank exchange rates and fees.

These fees if any are not at the discretion of scotiabank. For international wire transfers in addition to our standard wire transfer fee other fees may also apply including those charged by the recipient s financial institution foreign taxes and other fees that are part of the wire transfer process. Markups associated with the currency conversion are included in the bank of america exchange rate. International funds transfer with scotiabank.

Scotia international money transfer is a service that allows our canadian retail customers to send international money transfers directly to a recipient s bank account. It can anywhere between 7 to 10 business days for scotiabank to complete an international wire transfer. Scotiabank s rates vary depending on the specific circumstances of the transfer and your account terms and conditions. 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.

There will also be a margin of around 2 5 added to the exchange rate so you ll pay more than you would with a specialist money transfer service. Transfers with western union cost 9 plus 1 of your transaction amount. Scotiabank uses western union to send money transfers overseas and unlike many other banks doesn t offer wire transfers. These fees if any are not at the discretion of scotiabank.

Western union online transactions have a fixed fee structure but because the costs applied for bank transfers carried out in a branch can vary. The vast majority of major financial institutions use third party networks to facilitate international transfers sometimes involving as many as 3 intermediary banks. Our wire payments service lets you send wire payments quickly and conveniently online from your computer to anywhere in the world. Each one of those banks take their fee out of the amount your sending via transfer.

What are the fees for an international wire transfer with scotiabank in canada. Additional third party bank fees.