What is Scotiabank's wire transfer fee?

Scotiabank charges approximately $15–$25 for domestic Canadian wire transfers and $25–$45 for international SWIFT wire transfers sent from a personal account. Receiving an incoming wire transfer at Scotiabank costs approximately $15. Fees vary by account type and branch — confirm current fees at scotiabank.com or by calling 1-800-472-6842.

What is the Scotiabank wire transfer limit for personal accounts?

Scotiabank's online wire transfer limit for personal accounts is approximately $25,000 per day. Higher amounts require initiating the wire at a Scotiabank branch. Business accounts may have higher limits. Always confirm your specific limit in Scotia Online Banking or contact 1-800-472-6842.

What is Scotiabank's SWIFT code for receiving international wires?

Scotiabank's SWIFT/BIC code is NOSCCATT. To receive an international wire transfer, provide the sender with: SWIFT code NOSCCATT, your branch transit number, institution number (002), your full account number, your full name, and Scotiabank's head office address at 44 King Street West, Toronto, Ontario, M5H 1H1, Canada.

What is Scotiabank's wire transfer cutoff time?

The standard cutoff time for same-day wire processing at Scotiabank is approximately 3:00 PM Eastern Time. Wires initiated before 3:00 PM ET on a business day are typically processed the same day. Wires submitted after the cutoff are processed the next business day.

How long do international wire transfers take at Scotiabank?

Domestic Canadian wire transfers at Scotiabank are typically processed same business day if initiated before 3:00 PM ET. International SWIFT wire transfers take 1–5 business days depending on the destination country, correspondent banking relationships, and currency. USD wire transfers to the US typically arrive in 1–2 business days.

Scotiabank Wire Transfer Limit & Fees 2026 — Domestic and International

Scotiabank wire transfers cost approximately $15–$20 for domestic and $25–$40 for international. The SWIFT code is NOSCCATT. Online personal account limit: approximately $25,000/day. Same-day domestic cutoff: 3:00 PM ET. Scotiabank has international banking operations across Latin America and the Caribbean.

Quick answer: Scotiabank domestic wire: ~$15–$20. International: ~$25–$40. Incoming: ~$15. SWIFT: NOSCCATT. Online limit: ~$25,000/day. Cutoff: 3 PM ET.

Verify current fees and limits at scotiabank.com or by calling 1-800-472-6842 before initiating any wire transfer.

Scotiabank Wire Transfer Summary 2026

Transfer Type	Limit	Fee	Processing
Domestic outgoing (online)	~$25,000/day	~$15–$20	Same business day (before 3 PM ET)
International outgoing (online)	~$25,000/day	~$25–$40	1–5 business days
Branch wire (higher amounts)	Negotiated	Varies	Same or next day
Incoming domestic wire	No limit	~$15	Same business day
Incoming international wire	No limit	~$15	1–5 business days
FX conversion spread	—	~2.5%	Applied at transfer

Scotiabank’s International Banking Advantage

Unlike most Canadian banks, Scotiabank has significant operations across Latin America, the Caribbean, and Central America. Countries where Scotiabank has local banking subsidiaries include:

Mexico (Grupo Financiero Scotiabank)
Colombia (Scotiabank Colpatria)
Chile (Scotiabank Chile)
Peru (Scotiabank Perú)
Trinidad and Tobago, Jamaica, Barbados, and other Caribbean markets

For customers sending or receiving money to/from these regions, Scotiabank often has:

Direct (nostro/vostro) banking relationships that reduce intermediary fees
Local-currency account capabilities in some markets
Potentially faster processing than routing through correspondent banks

This is a meaningful differentiator for Canadians with family or business connections in Latin America.

When to Use a Wire Transfer vs. e-Transfer

Feature	Interac e-Transfer	Scotiabank Wire
Daily limit	$3,000	~$25,000 (online)
Cost (Preferred account)	Free	$15–$40
Recipient needs	Email/phone	Bank account + routing
Speed	Minutes	Same day (domestic)
International	No	Yes (SWIFT)
Best for	Everyday payments	Large or international amounts

Use e-Transfer for amounts under $3,000. Wire transfers are for larger domestic amounts, international payments, or when the payee specifically requires a wire.

Scotiabank Incoming Wire Details

If someone is sending a wire to your Scotiabank account, provide:

For domestic (Canadian) wires:

Institution number: 002
Transit number: your 5-digit Scotiabank branch transit
Account number: your full Scotiabank account number
Bank name: Bank of Nova Scotia

For international SWIFT wires:

SWIFT/BIC: NOSCCATT
Account number: your full Scotiabank account number
Bank name: Bank of Nova Scotia
Bank address: 44 King Street West, Toronto, ON M5H 1H1

Incoming wire fee: approximately $15 charged by Scotiabank (the sender’s bank charges additional fees on their side).

How to Initiate a Scotiabank Wire Transfer Online

Log in to Scotiabank Online Banking (scotiabank.com)
Navigate to Pay & Transfer → Wire Transfer or International Money Transfer
Select your source account
Enter recipient banking details:
- Domestic: transit, institution, account number
- International: SWIFT/BIC, IBAN or account number, bank name and address
Enter amount and currency
Review the displayed fee and exchange rate
Confirm and submit — domestic wires processed before 3:00 PM ET arrive same business day

For transfers over $25,000, visit a Scotiabank branch with government-issued ID.

Scotiabank Wire vs. Wise for International Transfers

Method	Fee	FX Rate	Speed
Scotiabank wire	$25–$40 fixed	~2.5% spread	1–5 business days
Wise	~0.5–1.5%	Near mid-market	1–3 business days
Western Union	Varies	Spread varies	Hours–days

For routine international transfers under $10,000, Wise typically costs 50–75% less than a bank wire when you factor in both the fixed fee and the FX markup. However, for regulated transactions (real estate, business-to-business in regulated jurisdictions, large transfers requiring audit trail), a bank SWIFT wire is often required.

Written by WealthVieu

WealthVieu researches and writes data-driven personal finance guides using primary sources including the IRS, Bureau of Labor Statistics, Federal Reserve, and Census Bureau.

The content on Wealthvieu is for informational purposes only and should not be considered financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Full disclaimer · Editorial policy