Overdraft Protection for business

Overdraft Protection for business is your safety net that kicks in when your account balance dips below zero. And, although our electronic banking services let you check your balance 24 hours a day, knowing you're covered means you won't need to worry about whether your cheques will be honoured.

You'll pay a competitive interest rate on the overdrawn amount from the day your bank account falls below zero to the day you cover the shortfall.

Features:

  • coverage from $1,000 to $5,000
  • competitive overdraft rates
  • a $5 monthly fee, for Small Business customers

Benefits

  • eliminates NSF and overdraft handling service charges
  • keeps interest expenses to a minimum with exact dollar borrowing
  • offers unsecured protection

Fees & Interest

Your Guide to Fees and Interest Schedules

Need more information on overdraft protection or other Scotiabank small business products? Visit your nearest branch and ask for one of our Small Business Bankers.