Scotiabank USD account overview
With this account, you can benefit from an interest rate that gets higher the more your balance increases.
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Why bank with Scotiabank?
Scotiabank USD Account
One of the most popular USD accounts for Canadians is the Scotiabank US Dollar Daily Interest account. It's an excellent option for saving US cash or depositing money received in US dollars. You won't have to switch your money into Canadian dollars if you open a Scotiabank USD account, which is a major plus if the exchange rates aren't in your favor.
With this Scotiabank account, you can benefit from an interest rate that gets higher the more your balance increases. Read on to learn everything there is to know about the Scotiabank USD account and how it can benefit you.
With this Scotiabank account, you can benefit from an interest rate that gets higher the more your balance increases. Read on to learn everything there is to know about the Scotiabank USD account and how it can benefit you.
How to Create a USD Account with Scotiabank
A Scotiabank US Dollar Daily Interest account must be signed up for by going into a branch or contacting the bank by phone.
Sign up by phone: Call Scotiabank at 1-800-472-6842 (English) or 1-800-575-1212 (French).
Sign up in a branch: You can book an appointment to open an account using the Scotiabank website to see the nearest branch to you. Use the map link to find your branch. You can also chat with a live agent online to book an appointment with an advisor.
Sign up by phone: Call Scotiabank at 1-800-472-6842 (English) or 1-800-575-1212 (French).
Sign up in a branch: You can book an appointment to open an account using the Scotiabank website to see the nearest branch to you. Use the map link to find your branch. You can also chat with a live agent online to book an appointment with an advisor.
Key features
Scotiabank offers a smarter way to save your US dollars in an account you can manage easily from your phone or via their online banking and app. Here are some of the key features:
No monthly account fee with a minimum balance of 200 USD
Two free debit transactions and two free teller-assisted transactions each month
Tiered interest rate that rises the more your balance increases
Zero cost for purchasing US dollar drafts from this account
Account Highlights
Monthly fees
Scotiabank charges no monthly fees as long as you maintain a 200 USD balance daily. Otherwise, it is only 1 USD per month.
Interest rate
Account holders benefit from a tiered interest rate that can be as high as 0.05% depending on your account balance.
Minimum Balance
There is no minimum balance for the Scotiabank US dollar account, so $0.