Providing stellar client service is a crucial part of your success, but it’s not the only factor. You also need the right financial solutions at your side – and we can help. These solutions simplify and streamline your business banking, so you can spend less time managing the finances and more time helping your clients.
Open a Select Account for business and a Business Investment Account, and you’ll qualify for extra savings on a range of solutions.
Easy-to-use business accounts
Select Account for business
This simple account is designed to help you manage the everyday banking needs of your professional practice. There are four plans available and each one offers:
- Easy-to-understand pricing.
- Predictable monthly account fees.
- The opportunity to skip the monthly plan fee when you keep the minimum balance1 every day of the month.
Business Investment Account
Turn your savings into extra funds for your business. The Business Investment Account helps you grow your money with a competitive interest rate and no monthly fee. Plus:
- Earn premium interest rates2 when you maintain balances between $25,000 - $50,000,0003 in the account.
- Withdraw funds anytime you need them.
Open a $CAD Business Investment Account by February 21, 2020 and get an additional interest rate bonus5 of 0.40% per annum over the posted interest rates for 12 months on surplus balances (between CAD$25,000 and $50,000,000) maintained in the account.5
Open a $CAD Business Investment Account by February 21, 2020 and get an additional interest rate bonus5 of 0.40% per annum over the posted interest rates for 12 months on surplus balances (between CAD$25,000 and $50,000,000) maintained in the account.5
Convenient, anytime account access
ScotiaConnect® Digital Banking
The faster you finish your banking – the more time you’ll have for your clients. With ScotiaConnect Digital Banking, managing your money is quick, easy and convenient:
- Check account balances and transactions.
- Pay suppliers, employees, bills and membership fees.
- Limit access to business partners or select employees.
| Plus, pay no monthly account fees when you sign up for ScotiaConnect and choose the Cash Management Zero pricing plan.6 |
ScotiaConnect Mobile
Whether you’re between patient appointments, or simply on the go, you can manage your business banking with ease on your mobile phone:
- Check balances and transactions.
- Transfer funds and pay bills.
- Submit wire payments and more.
Digital Token App
Sign into your account securely and seamlessly with the Digital Token app. It’s an extra layer of protection that helps safeguard the funds in your business account. You can:
- Help prevent unauthorized users from accessing your account.
- Download and use the app for free7.
Simple, speedy payment solutions
Electronic Funds Transfer (EFTs)
Send and receive payments with EFTs. You can pay employees, invoices and utilities, and receive payments for subscriptions, rent and more:
- Receive funds as soon as the next business day.
- Save time by sending several payments at once.
- Schedule payments in advance and avoid late fees.
Wires
Need to pay a supplier overseas? Wire payments are a fast, simple, secure way to send funds to vendors or suppliers anywhere in the world, in any major currency:
- Save time with automatic foreign exchange rates.
- Send wire payments online with ScotiaConnect and skip a trip to the branch.
- Get a real-time confirmation and know your wire is being processed.
| Plus, save with no set up, maintenance or file fees. Simply sign up for ScotiaConnect, choose the Cash Management Zero pricing plan and register for EFTs, Wires or both8. (Some exceptions apply) |
Chase Merchant Services
Make it easy and convenient for clients to pay you. With Chase Merchant Services9, you can offer the payment options your clients want to use:
- Accept card payments through terminals, wireless card readers, smartphones and more. 9
- Receive funds by the next business day. 10
- Enjoy a competitive rate on the solutions you select.
Cash-back rewards card
Scotiabank Visa* Business Credit Card
Grow your business with the Scotiabank Visa* Business Credit Card. Plus, earn cash back rewards.
The Scotiabank Visa* Business Credit Card offers a range of benefits:
- Earn 1% cash back11. That’s up to $25,000 per year you can reinvest in your practice.11
- Pay the monthly balance automatically from your Scotiabank Business Account, like the Select Account for business.
- Easily set and control the credit limits for your cardholders online . 12
- Preferred annual interest rates are 19.99% on purchases and 22.99% on cash advances.
Skip the annual fee on two Gold Scotiabank Visa Business credit cards for the first year and save $210.13 Offer ends February 21, 2020.
Skip the annual fee on two Gold Scotiabank Visa Business credit cards for the first year and save $210.13 Offer ends February 21, 2020.
Monthly minimum balance must be maintained in the account on each day of the month to receive the monthly plan fee rebate. Minimum monthly fee, monthly plan fees, payment, transaction and additional service fees are published in Your Guide to Fees and Interest Schedules or on individual service agreement forms and are subject to change from time to time.
Interest is calculated on the daily closing credit balance (at the posted interest rate) and paid monthly to your account. The annual interest rate used to calculate interest varies based on the balance of your account. The interest rate for a tier is applied to the entire daily closing balance when the minimum daily closing balance of $25,000 is met. Posted interest rates are subject to change without notice and can be found at https://www.scotiabank.com/ca/en/personal/rates-prices/interest-bearing-account-rates.html
If your organization has deposit requirements for amounts in excess of the maximum balance limit, please contact your Scotiabank representative.
Special offers are available to customers in the following segments: Dentists – General Practice, Dentists – Specialists (e.g. orthodontics, periodontists, etc.), Veterinarians, Accountants (excluding chartered), Accountants – certified, chartered, Lawyers, Optometrists, Pharmacists.
Individuals with provincially regulated accounts such as Lawyers/Real Estate/Notaries Pooled Trust accounts, AgriInvest accounts, and accounts that are included as part of a Money Management Service (MMS) are not eligible for any of these exclusive offers.
The 0.40% interest rate bonus offer (the “Offer”) is only available to clients who open a new $CAD Business Investment Account along with a new Select Account for business by February 21, 2020. Individuals who currently have a Scotiabank business deposits account are not eligible for the Offer.
The interest rate bonus of 0.40% per annum will be applicable to your Business Investment Account on Canadian dollar balances between $25,000 and $50,000,000 for 365 days (the “Interest Rate Bonus Period”). Interest is calculated on the daily closing credit balance (at the posted interest rate plus bonus) and paid monthly to your account. Upon the conclusion of the 365 days Interest Rate Bonus Period, without notice, your Business Investment Account will revert to the applicable posted interest rate, which is subject to change at any time. Scotiabank reserves the right to change or withdraw this Offer at any time without notice. This Offer is not transferable and cannot be combined with any other offers unless permitted by Scotiabank.
Regular business account fees are applicable.
Digital Token is available on Android and iOS devices. Digital Token is free to use, however, your mobile carrier may charge for data use.
For Regular Handling Wire Payments, the first two Foreign Currency Account wire payments are free ($35/item after that). No fees for Recalled Wire Payments within the Integrated Payments Service. EFT transactions are $ 1 each. For EFT Payments charges in excess of the transaction fees, please refer to the EFT Services Schedule of Rates. Additional fees apply for clients using the Pre-Fund payables service.
Merchants who wish to obtain payment processing services from Chase must submit an application. All applications are subject to credit approval and entering into a Merchant Agreement with Chase.
Next-day funding is available to Chase Paymentech customers for Visa*, MasterCard** and Interac*** card transactions only. Next-day funding is subject to merchant credit approval and all funds are subject to fraud monitoring. Qualifying funds are deposited on the next business day, excluding weekends and bank holidays.
Cash Back rewards available for Canadian dollar card program only. Earn 1% Cash Back on everyday purchases on all Cards issued on the Account up to $7,500 for each Card. The total maximum Cash Back that can be earned regardless of the number of Cards on an Account is $25,000 (calculated based on the Cash Back that is awarded to all Cards issued for your Program). Cash Back is not awarded for cash advances (including, balance transfers, cash-like transactions, credit vouchers, payments, returns or similar credits, fees, interest or other charges). Please see the Cash Back Rewards terms and conditions section of the Scotiabank Visa Business Card Cardholder Agreement for full details. Cash back program is subject to change.
Subject to the Scotiabank financial information and other credit information. We reserve the right to withdraw the offer or decline to open the Scotiabank Visa Business credit card account (the “Account”) or issue any cards on the Account if we become aware of any unfavourable information, any adverse change in the financial position of the business, or any adverse change in the status of the account.
If you open a new Gold Scotiabank Visa Business credit card account (“Account”) by February 21, 2020, you will receive an annual fee waiver for the first year only on two (2) Gold Scotiabank Visa Business Credit Cards issued on an Account. Current annual fee for the Account is $105 each card. Offer applies to the first 2 cards issued on the Account only. First 2 cards must be issued within 90 days of Account opening for fee waiver offer to apply. Annual fee is subject to change. All other fees and charges applicable to the Account continue to apply. Fee waivers are non-transferable and cannot be combined with any other annual fee waiver offer. Current annual fees, rates and other features for the Account are subject to change.
Visa is a registered trademark owned by Visa International Service Association and used under license.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
Interac and the Interac logo are registered trade-marks of Interac Corp. Used under license.
Registered trademarks of The Bank of Nova Scotia.
Chase and the Octagon logo are registered trademarks of JPMorgan Chase Bank, N.A. JPMorgan Chase Bank, N.A. is a wholly-owned subsidiary of JPMorgan Chase & Co.