crypto friendly bank
The Bank of Nova Scotia
Headquarters: Toronto, Canada • Founded: 1974
About The Bank of Nova Scotia
The Bank of Nova Scotia is ranked #37 in the list of largest global banks by assets under management. It serves retail and corporate clients worldwide, offering standard commercial banking, wealth management, and capital markets access. Regarding digital assets, its stance is crypto-friendly, offering integrations with major exchanges and custodians.
Regulations & Trust Profile
Banking License Type
commercial bank license
Licensed/Regulated By
Canada Central Bank
MiCA Compliant (EU)
No / N/A
Deposit Insurance
Canada Deposit Insurance (up to $100,000)
Supported Services & Assets
Fees & Pricing
Account Monthly Fee
$10/mo
Crypto Trading Fee
1.5%
Wire Transfer Fee
$15
Crypto Withdrawal Fee
$5
Pricing Notes: Crypto services may require external account linking.
Pros
- Huge liquidity
- Global network
- FDIC/local deposit protection
Cons
- Rigid traditional structure
- No direct custody of crypto assets
Frequently Asked Questions
Is The Bank of Nova Scotia safe for crypto?
Is The Bank of Nova Scotia FDIC insured?
Yes, standard cash deposits are insured under the Canada Deposit Insurance scheme up to $100,000 or local equivalents. However, government deposit insurance schemes do not cover cryptocurrency holdings.
Does The Bank of Nova Scotia support business accounts?
Yes, The Bank of Nova Scotia supports corporate and business accounts. Startup and business verification is subject to standard AML and company registration checks.
What countries does The Bank of Nova Scotia operate in?
The Bank of Nova Scotia operates primarily in Canada, and supports international clients from CA.
What are The Bank of Nova Scotia's crypto fees?
Monthly account fees are $10. Crypto trading fees are 1.5%.
Can I send crypto directly from The Bank of Nova Scotia?
No, The Bank of Nova Scotia only supports fiat bank transfers and does not support on-chain cryptocurrency withdrawals.
Coverage
Target Audience
individual, business, institutional
Minimum Deposit
$100
Mobile Banking Apps
iOS, Android