Scotia Community Account Plan
Helps donation dollars go even further for smaller charities and community groups.
- Low fees – Control cash flow with a low monthly fee.
- Convenience – Bank on your terms with online access.
- Improved cash flow – No deposit fees on payment processing and get funds the next day with Chase Merchant Services.1
ACCOUNT FEATURES & FEES
Transactions per month
- No minimum balance needed
- Free Mobile cheque deposits
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.
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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.
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.