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 employees 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.
Disbursements
Scotiabank's disbursements allow you to pay your suppliers online for goods or services provided.
International Wires
Sending secure wire payments around the globe has never been easier. With Scotiabank's wire payment service, you can initiate wire payments quickly from your PC.
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.
Payment Card
Payment Card is designed to provide a variety of electronic payment solutions, and is particularly valuable in overcoming inefficiencies in the administration of paper-based manual payroll systems.
It is a simple and cost-effective electronic payment solution that allows you to distribute Payment Cards and Personal Identification Numbers (PINs) to your participating employees. Through access to a separate employer-linked account, employees can then use the Card at Scotiabank ATM machines to access their cash. They can also use it to make purchases from Point of Sales (POS) merchants offering debit card services.
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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