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Through our Electronic Funds Transfer (EFT) services you can streamline and simplify the initiation of collections and disbursements within Canada or the U.S.
Ideal for recurring disbursements including payroll, dividends and supplier payments, EFT services can dramatically reduce the time and expense of manual payments and improve cash controls.
EFT can:
- Improve your cash position - hold on to your working capital longer by making direct deposit payments.
- Reduce administrative expenses - eliminate cheque preparation, storage, handling and reconciliation costs and reduce transaction costs and bank service charges.
- Increase convenience - employee, supplier and shareholder payments are deposited directly to their accounts exactly when you want the deposit to occur.
Choose your access to Scotiabank's EFT services:
- Take advantage of our web-based banking solution, ScotiaConnect®, to initiate EFT's online.
- Use your own business applications to generate an authorized payments file and send it securely to Scotiabank for processing.
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