Streamline your reconciliation process, improve accuracy and maintain a level of security against cheque fraud with Scotiabank’s Electronic Cheque Services (ECS).

Our automated ECS suite eliminates manual tracking and reconciliation. It also reduces data-entry errors, increases processing speed, and monitors your Scotiabank Canadian and U.S. Dollar Accounts to identify mismatches with your issued cheque file and can detect alterations to payee information.

Paid Cheque Reporting

• Receive paid cheque information online through our search engine with images and downloadable reports
• Select from flexible reconciliation periods to meet your business needs, including daily, weekly and monthly
• Correct serial numbers, request amount adjustments and return cheques online, saving you time and lowering your risk of data-entry errors
• View cheque images online for up to 90-days and access 16-months of clearing activity for greater control
• Administer user privileges and maintenance online without having to contact Scotiabank

Positive Pay

• Access the features and functionality of Paid Cheque Reporting, plus prevent potential cheque fraud
• Detect amount and serial number mismatches as well as cleared, but not issued, cheques
• Examine your daily exception items (cleared cheques that do not match the information contained in your issued cheque file) online by 10:00 a.m. local and submit your pay/no pay decisions online by 2:00 p.m. local the same day

Positive Pay with Payee Match

• Benefit from our most comprehensive fraud detection service that includes Paid Cheque Reporting and Positive Pay features and functionality
• Detect alterations to the payee information on clearing cheques
• Verify only the Payee Name or the entire Payee Zone on cheques

Detailed Product Sheet [PDF: 715k]

For more information about our Reconciliation and Fraud Detection services, please contact us.