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Producing, issuing and reconciling paper-based cheques can be both costly and time-consuming. With Scotiabank's Payment Card Service - a new electronic payment solution for corporate customers - you can save time and money.
Here's how it works:
You distribute Payment Cards and Personal Identification Numbers (PINs) to your participating employees. You fund dedicated employee accounts using our Internet-based Direct Deposit service. Then, employees can access their funds at Scotiabank Automated Teller machines (ATMs) and other bank ATMs, or make purchases at merchant locations offering debit point-of-sale (POS) services.
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Benefits you can bank on:
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