Scotiabank Uruguay Cuenta Digital review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Scotiabank Uruguay Cuenta Digital suits anyone in Uruguay who wants a savings account run entirely from the app and pays nothing to keep it open. The catch is reach: it holds 2 currencies and needs a minimum deposit of UYU 5,000 to open, so it is a local tool rather than a global one.
Key facts
- Best for
- Uruguay residents who want a fee-free, app-only savings account in pesos and USD.
- Monthly fee
- UYU 0↗
- Currencies
- 2↗
- Free ATM withdrawals
- UYU 5↗
- Transfer fee
- 2 cost-free transfers per month up to USD 10.000 or UYU 300.000, then UYU 10 per transfer (Scotiabank to Scotiabank unlimited and free)↗
- Legal entity
- Scotiabank Uruguay S.A.↗
- Headquarters
- Uruguay↗
- Founded
- 2011↗
- Support channels
- Phone, Help-centre, Email↗
- Pricing model
- No monthly fee
- Features
- Free ATM withdrawals, Digital-only
- Official website
- scotiabank.com.uy
Savings
- Rate type
- Variable↗
- Minimum deposit
- UYU 5,000↗
- Access terms
- Bimonetary savings account in pesos and USD, managed 100% through digital channels, on-demand deposits and withdrawals; 5 free Banred ATM withdrawals and 2 free transfers (up to USD 10,000 or $300,000) per month↗
- Account kind
- Easy access↗
Facts checked September 26, 2026, 4 sources
Apps and profiles
- Get the app
- Google Play
- Elsewhere
- WikidataLinkedInXyoutube.com
Pros and cons
Pros
- No monthly maintenance charge on the account
- Runs entirely through digital channels, with deposits and withdrawals on demand
- Free ATM withdrawals up to an allowance of UYU 5 a month
- Support reaches you by phone, help centre and email
Cons
- Only 2 currencies are held, so travel money beyond pesos and USD means another provider
- Transfers outside the free monthly allowance are charged per transfer, and only Scotiabank to Scotiabank transfers stay free
- A minimum deposit of UYU 5,000 is needed to open the account
Who it suits
- Uruguay residents paid in pesos who also earn or hold dollars
- People who bank by phone and do not want branch visits
- Savings customers content with a variable rate that moves with the bank
Who should look elsewhere
- Travellers holding more than 2 currencies, where Skrill or PayPal Colombia cover more currencies
- Anyone unwilling to meet the minimum deposit of UYU 5,000
- Users who want a fixed-rate term, since the rate is variable
Fees and currency costs
The Cuenta Digital carries a monthly fee of UYU 0, so keeping it open costs nothing. Free ATM withdrawals are allowed up to an allowance of UYU 5 each month at Banred machines. Transfers are the one charge that bites: two per month are cost free within a stated limit, further transfers are charged per transfer, and Scotiabank to Scotiabank transfers remain unlimited and free. There is no monthly charge to add.
How Scotiabank Uruguay Cuenta Digital compares
8.7 vs 8.7
8.7 vs 8.6
8.7 vs 8.0
8.7 vs 8.9An online option for holding several currencies, monthly fee £0, rather than a Uruguayan savings account
8.7 vs 9.1
8.7 vs 9.2
8.7 vs 8.7
8.7 vs 8.7
8.7 vs 8.7
8.7 vs 9.0Holds many more currencies than the 2 here, and its monthly fee is €0
8.7 vs 8.7
8.7 vs 9.5
8.7 vs 9.4
8.7 vs 9.3
8.7 vs 9.2
8.7 vs 9.2
8.7 vs 9.2
8.7 vs 9.2
8.7 vs 9.2
8.7 vs 9.2
8.7 vs 9.1
8.7 vs 9.0
8.7 vs 9.0
8.7 vs 8.9
8.7 vs 8.9- 8.7 vs 8.9
8.7 vs 8.7
8.7 vs 8.5
8.7 vs 8.5
8.7 vs 8.5
8.7 vs 8.4
8.7 vs 8.3
8.7 vs 8.2
8.7 vs 8.1- 8.7 vs 8.1
8.7 vs 8.0
8.7 vs 8.0
8.7 vs 8.0
8.7 vs 9.1
Where Scotiabank Uruguay Cuenta Digital is available
- Available
- Uruguay
- Licence in Uruguay
- Banco Central del Uruguay, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
Does the Cuenta Digital charge a monthly fee?+
No. The monthly fee is UYU 0, so the account costs nothing to keep open. Costs come from spending beyond the free allowances, mostly transfers and extra ATM withdrawals. Scotiabank to Scotiabank transfers stay free.
What can I hold in the account?+
The account is bimonetary, holding pesos and US dollars, which is 2 currencies in total. Anything beyond those two means a separate provider. Providers such as Skrill hold many more currencies for the same kind of task.
How much do I need to open it?+
A minimum deposit of UYU 5,000 is required. After that, deposits and withdrawals can be made on demand through digital channels. There is no monthly charge attached to holding the balance.
How many free ATM withdrawals do I get?+
Free withdrawals at Banred ATMs are allowed up to an allowance of UYU 5 each month. Withdrawals beyond that allowance are charged, so frequent cash users should watch the count. A fee-free card is not part of the stated terms.
How are transfers charged?+
Two transfers each month are cost free up to a stated limit, and anything past that is charged per transfer. Transfers between Scotiabank accounts are unlimited and free, which makes it the cheaper route for payroll or family payments.
Is the interest rate fixed?+
The rate type is variable, so the return on the savings balance can move with the bank's pricing. There is no fixed-rate option or term stated for this account. Rate changes apply to the balance you hold rather than to a locked deposit.
Who regulates the account?+
The provider is Scotiabank Uruguay S.A., supervised in Uruguay by Banco Central del Uruguay. Help is available by phone, help centre and email, which includes phone, email and a help centre for account questions.
Do I need to visit a branch?+
The account is managed entirely through digital channels, so deposits and withdrawals run through the app rather than a counter. Cash needs still come from the Banred network, where the free withdrawal allowance applies. Support remains reachable by phone if something goes wrong.
Sources
- scotiabank.com.uy/Acerca-de/canales-de-atencion checked September 26, 2026
Backs: Support channels
“(+598 2) 140 - 1800”
- scotiabank.com.uy/Acerca-de/quienes-somos/informacion/sco... checked September 26, 2026
Backs: Founded, Legal entity
- scotiabank.com.uy/Acerca-de/terminos-y-condiciones-de-uso checked September 26, 2026
Backs: Headquarters, Licences
- scotiabank.com.uy/Personas/Cuentas/Productos/cuenta-digital checked September 26, 2026
Backs: Access terms, Account kind, Free ATM withdrawals, Currencies, Features, Minimum deposit, Pricing model, Monthly fee, Rate type, Transfer fee
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.
Related by the facts
Scotiabank Uruguay Cuenta Digital
Uruguay residents who want a fee-free, app-only savings account in pesos and USD.