Scotiabank Peru review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Scotiabank Peru is a straightforward digital account for everyday money in Peru, with a monthly fee of PEN 0 and a variable interest rate of 9.7%. It suits readers who want simple access, low cost transfers and a single market, rather than a wide currency list.
Key facts
- Best for
- A fee free digital account for everyday spending and saving in Peru.
- Monthly fee
- PEN 0↗
- Currencies
- 2↗
- Transfer fee
- Free, unlimited interbank transfers in the app and web; 1 free teller withdrawal or transfer per month↗
- Legal entity
- Scotiabank Peru S.A.A.↗
- Headquarters
- Peru↗
- Support channels
- Help-centre, Phone↗
- Pricing model
- No monthly fee
- Features
- Free ATM withdrawals, Digital-only
- Official website
- scotiabank.com.pe
Savings
Money transfer
- Delivery time
- Same day (T=0) to the USA and Americas if sent before the 12:30pm Peru cutoff, otherwise 1 to 2 business days, 48 hours maximum↗
- Payout methods
- Bank↗
- Fee to send 1,000
- $50↗
Facts checked September 26, 2026, 4 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
Pros and cons
Pros
- Keeping the account costs PEN 0, and interbank payments made in the app or on the web are free, so everyday banking runs without a charge.
- Interest on the balance runs at 9.7% and is variable, above the site median of 3%.
- Withdrawals at Scotiabank ATMs are free and unlimited, the part of the offer most likely to shape daily use.
- A minimum deposit of PEN 0, so the account opens and stays open without a balance requirement.
Cons
- The account covers only 2 currencies, well short of the multi currency median of 5.
- The account is digital only, and a free teller withdrawal or transfer per month is the full counter allowance.
- Support runs on help centre and phone only, so there is no email or live chat listed.
Who it suits
- Anyone in Peru who wants an easy access account with a monthly fee of PEN 0 and a minimum deposit of PEN 0.
- Savers who want a variable rate of 9.7% on money they can still reach, rather than a locked term.
- People who mostly bank in Peru and want interbank transfers from the app or web at no cost.
Who should look elsewhere
- Anyone who needs a wide currency list: the account holds 2 currencies, so PayPal Colombia or Skrill suit multi market use better.
- Readers who want to weigh other fee free accounts first: eToro charges a monthly fee of £0 and Skrill €0, so this is not the only one without a charge.
Fees and FX
Keeping the account open costs a monthly fee of PEN 0. Interbank transfers are free and unlimited from the app and on the web, which covers most everyday payments. Counter use is narrower: a free teller withdrawal or transfer is included per month, so extra visits to a branch desk are the cost to watch.
How Scotiabank Peru compares
Where Scotiabank Peru is available
- Available
- Peru
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does Scotiabank Peru charge to keep the account?+
The account carries a monthly fee of PEN 0, so there is no standing charge for holding it. Interbank transfers are free and unlimited from the app and on the web, and a free teller withdrawal or transfer is included per month.
How much interest does the account pay?+
The balance earns 9.7%, and the rate is variable, so the figure can move with the bank's pricing. That sits above the site median of 3% for everyday account listings, which makes the savings side the main draw.
How many currencies can I hold?+
The account covers 2 currencies, which is on the small side next to the multi currency median of 5. Readers in a single market who rarely convert will find that enough, while frequent converters should look wider.
Is there a minimum balance needed to open the account?+
No. The minimum deposit is PEN 0, so the account can be opened and kept without putting money in first. The account kind is easy access, which matches readers who want to move money in and out rather than lock it away.
Can I withdraw cash without paying?+
The account lists free atm and digital only as its features, and withdrawals at Scotiabank ATMs are unlimited and free. Counter withdrawals are narrower: a free teller withdrawal or transfer is included per month, so heavy branch cash use would cost more.
How fast are transfers abroad, and what do they cost?+
Transfers to the USA and the Americas can arrive the same day when they go out before the Peru cutoff, and fall back to a longer window after that. A charge of $50 applies to transfers abroad, with money paid out to bank accounts.
How do I get help from the bank?+
Support runs on help centre and phone, so a help centre and phone line carry the load. There is no email or live chat listed, which is worth knowing if written support matters to you.
Is this a bank account or a wallet?+
It is a bank account from Scotiabank Peru S.A.A., a bank based in Peru, rather than an e money wallet. The balance earns a variable 9.7%, the monthly fee is PEN 0, and money reaches other banks through free interbank transfers.
Sources
- scotiabank.com.pe/Acerca-de/Scotiabank-Peru/Scotiabank-en... checked September 26, 2026
Backs: Headquarters, Support channels
“Banca Telefonica: Lima: (511) 311 6000, Provincias: 0 801 1 6000; Central Telefonica: (511) 211 6000, plus on-site FAQ and complaint channels”
- scotiabank.com.pe/Personas/Ahorros/Cuentas-Bancarias/cuen... checked September 26, 2026
Backs: Access terms, Account kind, Currencies, Features, Headline rate, Legal entity, Minimum deposit, Pricing model, Monthly fee, Rate type, Transfer fee
“In case the client only has a Cuenta Digital or Cuenta Free in dollars, the prize is credited at the exchange rate in force; the promotional 9.7% TREA soles does not apply to a dollar account”
- scotiabank.com.pe/Personas/Canales-digitales/pagos/transf... checked September 26, 2026
Backs: Delivery time, Fee to send 1,000
- scotiabank.com.pe/Personas/servicios/transferencias/giros... checked September 26, 2026
Backs: Payout methods
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection, Currency conversion fee.