Save on account fees for 12 months1
Right Size Account for business
Save on account fees for 12 months1
- Convenience – Bank on your terms with online access
- Reduced costs – Only pay for the transactions you make1
- Improved cash flow – No deposit fees on payment processing and get funds the next day with Chase Merchant Services.2
|Account Features $ Fees|
|Transactions3 per month||Cost per transaction|
Manage everyday expenses knowing you won't be caught short of funds.
Enhanced online business banking to approve and submit payments, check balances, EFTs, wires, and more.
Save time and pay online. Take care of federal taxes, payroll deductions, GST, PST or HST and more.
Protected by CDIC
Canadian Deposit Insurance Corporation automatically protects eligible funds in your account.4 Read Protecting Your Deposits for details or ask for a copy at your branch.
Prefer to talk to us
Subject to eligibility. Offer available to new Scotiabank Small Business Banking customers only. New customers must open a new Right Size Account for business will have the monthly fee waived for the first three months. Other additional fees may apply, as identified on Your Guide to Fees and Interest Schedules. Offer is available to customers whether they sign up online or in-branch. Right Size Account for business.
New Right Size Account for business customers who open a Right Size Account for business by March 31, 2019 and complete at least 15 account transactions in the last 90 days will receive a credit to their account equal to the total of the minimum monthly fee for the previous 12 months, on a date to be determined by Scotiabank. Additional fees may apply to this account, as identified in Your Guide to Fees and Interest Schedules.
Must meet the following conditions to qualify for the Right Size Account for business offer:
• Offer applies only to new Right Size Account for business customers who have not previously held a Right Size Account for business account type
• Must hold another qualifying Small Business product (excluding: Cash Management products/services, Mutual Fund, ScotiaLife Insurance, Scotia Professional Student Plan, Scotia Fastline for business, and Partner offerings (Chase Merchant Services & ADP));
• Complete a minimum of 15 Right Size Account for business transactions through any channel in the last 90 days.
Account must remain open and in good standing at the time the rebate is credited
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 agreements forms and are subject to change from time-to-time.
The Right Size Account for business offer is only available to Small Business Customers. Commercial customers are not eligible.
This offer is non-transferable; maximum one Right Size Account for business offer per customer. All rates, fees, features and benefits are subject to change. Offer may change, be extended or cancelled at any time.
Chase and the Octagon logo are registered trademarks of JPMorgan Chase Bank, N.A. Deposit fees are waived for Chase Merchant Services customers using selected Scotiabank Business Accounts. The Basic Business Account is excluded. Refer to Your Guide to Fees and Interest Schedules. Customers are subject to a transaction fee for each of their Visa*, Mastercard® and Interac® deposit transactions if they process payments with a service provider other than Chase Merchant Services. Next-day funding is available to Chase Merchant Services 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.
Refer to Your Guide to Fees and Interest Schedules for transaction and service types that qualify for the tiered pricing structure. Additional deposit contents and sundry service fees apply
Deposits are eligible to be insured under the CDIC Act only if they are in Canadian currency, have a term of 5 years or less and are payable in Canada. For full details of coverage limitations, refer to the CDIC brochure Protecting Your Deposits.