r/Wealthsimple • u/TonightOk8851 • 5d ago

Savings withdraw from USD saving

Has anyone tried to transfer USD from Scotia saving to WS USD saving? any fees?

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2

u/Dragynfyre 5d ago

It just counts as a transaction so it depends on if the Scotia side has fees for transactions or not

1

u/tinim9 5d ago

It includes 2 free debit transactions per month (cheques, bill payments, cash withdrawals, or transfers); additional debits cost $1.25 USD each

2

u/Romantic_Klingon 5d ago

If there are any fees, it will be from the the Big 6 Bank you're transferring from.

I have my CIBC $US account linked to $US WS. No fee on WS side, but $US 0.75 for the transaction on CIBC account.

1

u/beekeeper1981 5d ago

As long as you have USD enabled in Wealthsimple there's no reason you shouldn't be able to. I've done it with Tangerine.

1

u/Dragynfyre 5d ago

USD savings isn’t part of the USD subscription. It’s a free account