SCOTIA BANK-Canada & Mexico

Do you mean “transfer” between banks or “withdraw” from a ScotiaBank account?

I have a Canadian SB account and a Mexican SB account. I wanted to “transfer”‘money from Canada to Mexico. The SB fee costs were not competitive with Wise. Over the past several years I have saved literally thousands of dollars by moving C$ from SB to Wise, then using Wise to do the currency conversion into M$ and the transfer.

I also have a Canadian Tangerine Bank account. (Tangerine is owned by SB-Canada.) When I am in Mexico I mostly use Wise for my ATM withdrawals but sometimes use Tangerine.

When withdrawing pesos from the SB ATM, never… never… agree with their conversation rate. Always say no. Then your Canadian financial institution will use the commercial interbank currency conversion rate. The SB ATM “marks up” the conversion rate by 10-14%!

Here is a link for Wise.

https://wise.com/invite/ihpn/ernestg