Scotiabank’s Real Estate Payment service provides an integrated payment solution for Ontario real estate closings.

Virtually eliminate the delays and costs of certified cheques and couriers associated with managing your real estate closings with Scotiabank’s online Real Estate Payment service.  Now you can efficiently manage the entire closing funds process from your desktop and transfer guaranteed funds from your trust account to Teranet’s Closure™¹ service for disbursement to your identified payees.

Fast & Secure Payment

• Secure funds transfer via ScotiaConnect electronic banking  to Teranet's Closure service
• Payment completion within just a few minutes
• Confirmation that the funds have been received with complete transaction details
• User-friendly customized templates designed specifically for use by Real Estate lawyers in conjunction with Teranet’s Closure service.

Control

• Multiple-user access and privileges with separate payment approval options
• Audit log for transaction monitoring

Online Banking

• Convenient access to all of your accounts online
• Up-to-date information of incoming payments, balances and transactions on all your Scotiabank business accounts
• Account to account transfer options and payment services
• Online stop-payment initiation for issued cheques and more.

Detailed Product Sheet  [PDF: 130kb]

For more information about the Real Estate Payment service, please contact us.

¹ Closure is a trademark of Teranet Enterprises Inc.