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Overdraft Protection
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Haven't we all been there? An unexpected expense pops up, or we overlook a post-dated cheque and we're caught short? For any of these reasons, Overdraft Protection provides peace of mind.
Your cheques, withdrawals and pre-authorized payments are honoured up to your predetermined overdraft limit1
- Available for most chequing and savings accounts.
- Limits are available from a minimum of $250 to a maximum of $5,000.
- There's no monthly fee if you don't use the service.
- A nominal charge applies for each month you use your Overdraft Protection.
- Overdrawn accounts with Overdraft Protection will need to have a positive balance for 24 consecutive hours every 30 days.
Arranging for Overdraft Protection
Don't get caught short. Contact us or visit your nearest Scotiabank branch for more information about Overdraft protection and the benefits of transferring your existing business to Scotiabank.
1 Subject to credit approval.
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