Scotia Euro Daily Interest Savings Account full review
If you plan or already save in euros, you should learn more about a savings account that lets you do it and more. Then, check out this Scotia Euro Daily Interest Savings Account review.
Scotia Euro Daily Interest Savings Account: save euros at competitive foreign exchange rates
If you save euros, you should take a minute to read this Scotia Euro Daily Interest Savings Account review.
The account lets you save euros at competitive foreign exchange rates and low costs.
However, if you don’t save euros or if you want an account for everyday needs, Scotiabank features other offers for you.
Now, continue reading if you want a safe way to keep your euros growing.
How does the Scotia Euro Daily Interest Savings Account work?
Scotiabank offers different types of accounts for those who want to save their money. Also, it does not only provide accounts for savings dollars.
So, if you want to save your euros, a Scotia Euro Daily Interest Savings Account is worth considering.
Remember that this account is not recommended for daily transactions in other currencies, though.
But you can benefit from the two monthly teller-assisted transactions included. After that, you will pay only €1.25 per additional transaction.
Also, there are no monthly account fees if you manage to keep at least a €200 daily closing balance. Otherwise, you will pay only €1.00 per month.
Moreover, Scotiabank offers a discount on this fee through the Seniors Discount program.
The account is eligible for CDIC Insurance, and you can only open it by booking an appointment at a Scotiabank branch.
Additionally, it is essential to keep in mind that other fees apply, including:
- Fees for ABM Services;
- Account Closing Fees;
- Inactive Accounts Fees;
- Additional Recordkeeping Services and Fees, and others.
If you want to find out more about it, you can access the Terms and Conditions available on the official website.
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Scotia Euro Daily Interest Savings Account benefits
As can be seen on this Scotia Euro Daily Interest Savings Account review, you can benefit from this savings option if you save euros and want some free teller-assisted transactions per month.
Also, the account is cheap to maintain with few minimum balance requirements.
- It lets you save Euros in a very cheap way;
- It offers up to two teller-assisted transactions per month;
- It doesn’t charge a monthly account fee if you manage to keep at least a €200 daily closing balance;
- It offers competitive foreign exchange rates;
- It is eligible for CDIC Insurance.
- It charges a monthly fee if you don’t keep the minimum daily closing balance.
How good does your credit score need to be?
Unfortunately, this information is not disclosed.
How to apply for the Scotia Euro Daily Interest Savings Account?
So, if you want to save your Euros with security and without paying a lot for it, learn how to apply for a Scotia Euro Daily Interest Savings Account.
About the author / Aline Augusto
Reviewed by / Aline Barbosa
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