Electronic Funds Transfer

Streamlines domestic payables and receivables (CAD/USD).  Money is transferred between different users’ bank accounts within Canada.

Product benefits

  • Reduces administration time and expense.
  • Improves cash flow management.
  • Faster payments - Funds deposited directly into accounts, same day or next day.
  • Convenient - Save payment information online to make recurring payments.
  • Send multiple payments at a time.
  • Versatile – Pay expenses, employees, suppliers. Collect rent, membership fees, insurance premiums.

Account details

  • Funds can only be sent within Canada. 
  • Online review and approval of payments.
  • Low cost of payment.
  • Avoid late fees by scheduling payments up to 60 days in advance.

Related services

ScotiaConnect Digital Banking

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

Mobile Deposit

Deposit a cheque with your smartphone.

Bulk Interac e-Transfer

Make multiple money movements at the same time.

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