Does Scotiabank offer online wire transfers? Here’s a closer look

You can send a Scotiabank® wire transfer online, but only if you have a business account.¹ If you’re a personal banking customer, you’ll need to visit a branch or use Scotia International Money Transfer.²

In this guide, we’ll look at how to send money abroad with Scotiabank.

How to send money abroad with Scotiabank

There are 3 ways to send money abroad with Scotiabank:

• Scotiabank wire transfer online: for businesses only
• Wire transfer at a Scotiabank branch: for business and personal account users
• Scotia International Money Transfer

You can use Scotia International Money Transfer to send funds to a bank account or choose cash pickup with Western Union®. It’s easy to send your transfer, and you can set it up via online banking or the Scotiabank app.³

Let’s take a closer look at the different services and their availability.

How much do international transfers cost with Scotiabank?

If you’re sending your transfer in a currency other than CAD, you need to think about currency conversion charges. Scotiabank makes a profit from the difference between the price the provider buys and sells foreign currencies for – and this can add a substantial markup to your transaction.⁴

Your money is converted using the Scotiabank exchange rate at the time of your transaction.⁴

You’ll also pay a non-refundable service fee for using an International Money Transfer, and the intermediary or recipient bank may charge a foreign conversion fee.⁵

Let’s take a closer look at the fees and costs of sending your money abroad.

Wire transfers are typically better suited to large transactions, but they can be more expensive to send.

You can only send up to 10,000 CAD with Scotia International Money Transfer³, and you’ll need to send a minimum of 100 CAD to your recipient.⁷ You can send up to 999.99 CAD online through Western Union.³

How long does a wire transfer with Scotiabank take?

International wire transfers typically take up to 5 business days.¹

Scotia International Money Transfers may also take up to 5 business days, or you can make a Western Union transfer in 2 to 4 hours.³

How to make international transfers with Scotiabank

It’s easy to make a global transfer with Scotiabank. Let’s take a look at how to send a wire transfer or International Money Transfer.

How to make wire transfers at Scotiabank

If you’re a personal account holder, you’ll need to go into your local branch to send your wire transfer, and your teller can help you make the payment.

You’ll need a few key pieces of information, including:

• the currency of your payment
• your beneficiary’s name and address
• your beneficiary’s bank name and location²

If you’re sending your wire to another banking institution, you’ll also need:

• your beneficiary bank’s full name and address
• your beneficiary’s account number (IBAN code)
• your beneficiary bank’s Swift Code
• your beneficiary bank’s ABA code (for wires to the US)⁸

If you want to receive a wire transfer from Scotiabank, you’ll need to give the sender:

• your name, address, and branch address
• your account number
• your bank name: Bank of Nova Scotia
• Swift Code/BIC: NOSCCATT⁹

How to transfer money with Scotiabank via Western Union

You can use Western Union to send a global transfer with Scotiabank. We’ve put together a step-by-step guide to sending your transfer via online banking.

Step 1. Log into online banking and go to your “Accounts” page, then select “Transfers”

Step 2. Select “Send Money Internationally” and then “Cash pick-up”

Step 3. Review the terms and conditions and follow the on-screen prompts to complete your transfer

Let’s take a look at how to make a Scotia Western Union Transfer using the mobile app.

Step 1. Log into the Scotiabank app and select “Move money”, then select “Cash pickup”

Step 2. Choose your recipient and which account you want to use for your payment

Step 3. Select the payment currency and amount, then follow the on-screen instructions to complete your transfer³

How to transfer money with Scotia International Money Transfer

It’s easy to make a digital Scotia International Money Transfer. Send your transfer via online banking using our simple steps.

Step 1. Log into online banking and select “Transfers”, then “Send Money Internationally”

Step 2. Select “Bank deposit” and accept the terms and conditions

Step 3. Follow the on-screen prompts to enter your recipient’s information and send your transfer

Let’s take a look at how to send money abroad with the Scotiabank mobile app.

Step 1. Log into the Scotiabank app and select “Move Money”

Step 2. Select “Send Money Internationally”, then “Bank deposit”

Step 3. Once you’ve accepted the terms and conditions, you’ll receive on-screen instructions about how to complete your global transfer¹⁰

More questions about your Scotiabank transfer?

For more information about your global transfer, you can contact Scotiabank at 1.800.4SCOTIA.¹¹

Sources verified on 12 August 2024