Foreign Currency Account
Right for you if:
Your want a secure environment for your U.S. currency funds
You want to avoid the hassles of exchange rates and fees
The Foreign Currency Account provides a safe and secure environment for your U.S. funds. No need to worry about fluctuating exchange rates
Keep your savings in U.S. dollars, eliminating the hassle of fluctuating rates, exchange fees, and commissions
No monthly fee — pay only for the transactions you need
Keep track of your accounts easily with quarterly printed statements
Fees and Terms
No monthly fee
Worldwide access to your money
Keep your savings in USD funds
Our Foreign Currency Account is perfect for frequent travellers who need ready access to their funds, no matter where they happen to land next.
Keep your savings in U.S. dollars
No monthly fee – pay only for transactions you need
24-hour access to your money through Internet and Mobile Banking, ATMs worldwide1, and debit machines
Local ATM transactions and ScotiaCard purchases are processed and dispersed in local currency, not the currency of the account2
Quarterly statements for your records
Not sure if this is the right solution for you?
Use our Account Selector to find the perfect account for your needs.
A minimum opening balance of $500 is required to open a Scotiabank Foreign Currency Account.
You might also need...
The Automatic Savings Plan (ASP)
Scotiabank’s Automatic Savings Plan (ASP) can transfer a set amount to your Business Savings Account on a regular basis. Start by setting the amount you’d like to put aside and how often. Then just sit back and watch your savings grow.
Bring it with you on your next visit.
Applies to all Scotiabank ATMs and ATMs displaying the Cirrus symbol.
Regular foreign exchange fees will apply.