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We are an independent, objective, advertising-supported content publisher website. In order to support our ability to provide free content to our users, the recommendations that appear on our site might be from companies from which we receive affiliate compensation. Such compensation may impact how, where and in which order offers appear on our site. Other factors such as our own proprietary algorithms and first party data may also affect how and where products/offers are placed. We do not include all currently available financial or credit offers in the market in our website.

Account (CA)

How to apply for the Scotia Euro Daily Interest Savings Account?

Learn how to apply for a Scotia Euro Daily Interest Savings Account and save your Euros in a safe place at competitive foreign exchange rates and low costs.

by Aline Augusto

Published on 03/05/2023

Apply for a Scotia Euro Daily Interest Savings Account: save Euros with an excellent foreign exchange rate

Learn how to open this account to save euros in Canada. Source: The Mister Finance.
Learn how to open this account to save euros in Canada. Source: The Mister Finance.

If you save Euros or plan to do it, you should check out how to apply for a Scotia Euro Daily Interest Savings Account.

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Account

Scotia Euro Savings

low cost cdic insured

Scotia Euro Daily Interest Savings Account offers a simple way of saving Euros.

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Scotia Euro Daily Interest Savings Account offers a simple w…

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But before proceeding, take a look at all you can get by opening an account.

Firstly, this account is recommended for those who invest in euros in the long term and want to benefit from low costs.

So, this Scotia Euro Daily Interest Savings offers up to two teller-assisted transactions per month and no monthly account fees if you manage to keep at least a €200 daily closing balance.

Otherwise, some fees apply. But they are really accessible as follows:

  • €1.25 for each additional transaction;
  • €1.00 as a monthly account fee.

In addition, the account is eligible for CDIC Insurance.

It is important to mention that this savings account is not designed for those who want to have access to everyday banking services in a currency other than Euros.

If this is your case, you can look for other types of accounts offered by Scotiabank.

Now, learn how to apply for the Scotia Euro Daily Interest Savings Account.

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Apply online

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Unfortunately, there is no way of applying for this Scotia Euro Daily Interest Savings Account through the official website.

However, you can book an appointment online.

All you need to do is access the official Scotiabank website, select the account you want, and click on Book an Appointment.

The process takes less than five minutes.

After that, you will be able to open your account with the dedicated support you deserve.

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Apply using the app

After opening your account in a branch, you will be able to download the Scotiabank mobile app to manage your newest savings account.

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Scotia Euro Daily Interest Savings Account vs. EQ Bank Savings Plus account

A Scotia Euro Daily Interest Savings Account is a specific type of account designed for an investor that wants to save Euros in a safe and cheap way in the long term. The account offers competitive foreign Exchange rates and low fees.

Also, it provides up to two teller-assisted transactions per month.

However, in case you want to save dollars, an EQ Bank Savings Plus account is Worth considering.

The account is digital, and it doesn’t have minimum balance requirements or monthly account fees.

Also, you can open it online.

In summary, the account Works as both chequing and savings. So, you can get access to valuable daily resources while watching your money grow.

If you want to learn more about this account, take a minute to read the following article to decide if this account would suit your needs.

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Check out how to start banking with EQ Bank to get high earnings on savings!

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How to start banking with EQ Bank?

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About the author

Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by

Aline Barbosa

Senior Editor

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