Preparing and processing disbursements electronically helps you manage your accounts payable more efficiently and maximize cash resources.
Direct Deposits
Consider the hours you spend issuing cheques to your employees, and the special trips they make to the bank to deposit them. With Scotiabank’s Direct Deposit service, you all save time. Your payroll is automatically deposited into each employee’s designated account. They no longer worry about their cheques being lost or stolen, and the money is instantly available – no waiting for funds to clear!
Not only does Direct Deposit save time, but it also saves your business money. You avoid the cost of cheque handling, printing and storage, and reduce or eliminate cheque reconciliation expenses. Plus, you know exactly when your payroll has been deposited so you can better manage your cash flow. For smart, cost-effective payroll management, put Direct Deposit to work for you.
Whether you send a few or a few hundred wires a month, Scotiabank’s service ensures safe and secure receipt of your online payment instructions.
Contact us or visit your nearest Scotiabank branch for more information about Payables Services and how you can easily transfer your existing business to Scotiabank.
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