Scotiabank USD account

With this account, you can benefit from an interest rate that gets higher the more your balance increases.

Trademark Disclaimer: Scotiabank* is a trademark of Scotiabank with whom Remitbee Incorporated (“We,” “Us,” “Our”) has no direct or indirect association in marketing, sales or customer service. Indeed, the enclosed contents are provided only for information and comparison purposes. All third-party products, services, company names, and logos remain the property of their respective holders.

How to create a USD account with Scotiabank

The Scotiabank US Dollar Daily Interest account is ideal for Canadians looking to save US cash or deposit money received in US dollars. You won’t need to convert your money to Canadian dollars, which is helpful when exchange rates fluctuate.

Sign up by phone: Call Scotiabank at 1-800-747-3208.
Sign up in a branch: Book an appointment using the Scotiabank website to find the nearest branch. You can also chat with an online agent to schedule a meeting with an advisor.

Key features

Scotiabank offers a smarter way to save your US dollars and manage your account online or via mobile.

No monthly fees

No monthly account fee with a minimum balance of 200 USD.

Tiered interest rates

Interest is calculated using a tiered system, and rises as your balance rises.

Free transactions & drafts

Two debit transactions per month are free; zero cost for US dollar drafts.

Monthly Fees, Interest Rate & Minimum Balance

A quick overview of Scotiabank USD account fees and interest rates.

Monthly Fees:

Scotiabank charges no monthly fees if you maintain a 200 USD daily balance, otherwise only 1 USD per month.

Interest Rate:

Account holders benefit from a tiered interest rate up to 0.05% depending on balance.

Minimum Balance:

Minimum balance is 0 USD.

Offers

If you open a new bank account you could benefit from Scotiabank’s Ultimate Package. Here’s how to earn a 300 CAD bonus.

Open either an Ultimate Package or a new Preferred Package account before July 29, 2021.

Within 60 days, complete any two of the following tasks: make a $50 payment, set up recurring transactions, or set up a payroll direct deposit.

Maintain the setup for three months to receive a 300 CAD bonus.

Other USD Accounts