Cash Concentration

Real-time credit for deposits made from multiple locations to your central business bank account1

Cash Concentration

Real-time credit for deposits made from multiple locations to your central business bank account1

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Product Benefits

    Convenience: deposit funds at any Scotiabank or Non-Scotiabank branch in Canada.

    Cash Flow: maximize your cash flow with immediate credits of funds to your central account.

Account Details

Reporting

Comprehensive Reporting options

Details
  • View reports in real time using ScotiaConnect Digital Banking.
  • Receive value, tracking and reconciling receipts from your field offices or remote agents. 
  • Deposit serial number options to help your deposit reconciliation.
Simplicity

Reduces the need for regional accounts.

Details
  • The service can only be used within Canada.
  • All deposits automatically go to a concentration account. 
  • Transactions can be reviewed on line using ScotiaConnect. 
  • Depositing Agents depositing at non-Scotiabank Financial Institutions must call the Consolidated Cash Plan (CCP) Centre to complete the transfer. 

Complementary Services

ScotiaConnect Digital Banking

Enhanced online business banking to approve and submit payments, check balances, EFTs, Wires, and more.

Details
Mobile Deposit

Deposit a cheque with your smartphone

Details
Government Tax Payment

Pay and file your Federal and Provincial business taxes online

Details

Resources

Try our unique business planning tools.

Cash Concentration
Real-time credit for deposits made from multiple locations to your central business bank account1
Contact us
Phone

Prefer to talk to us

1-877-552-5522
In Person

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  • 1

    Transfers made between 8:00 a.m. and 8:00 p.m. EST Monday-Friday receive immediate credit. Transfers made after 8:00 p.m. or on weekends or Bank holidays will be credited the next business day