Presently I'm in the U.S and I have some money in my Canadian Scotia bank account. How can i transfer a large sum of money from my Scotia bank account to another bank using my online banking
I’m in a very similar situation where I tried to move my money from Canadian TD bank account to a US bank account. Wire transfers usually require personal visit and cannot be done over the phone (weird, but, yes, they require personal visit). It seems that the best option might be to actually write yourself a check and deposit it to your US based bank account. This obviously requires that you have a USD account at ScotiaBank and order cheques for this USD account. If you have funds in CAD you can exchange any amount at the USD/CAD rate for $20 (and not 2%-3% percent that banks usually change for currency exchange) using norbert gambit. This however “costs” 3-5 days to settle the exchange, plus whatever time it would take the check to clear. Another ootion (at least at TD, but perhaps it’s the same with Scotia) is to designate somebody who could come to the branch and make the wire transfer on your behalf.