Electronic Funds Transfer
Streamlines domestic payables and receivables (CAD/USD). Money is transferred between different users’ bank accounts within Canada.Contact Us
- 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.
- Funds can only be sent within Canada
- Online review and approval 0f payments
- Low cost from of payment
- Avoid late fees by scheduling payments up to 60 days in advance.
Enhanced online business banking to approve and submit payments, check balances, EFTs, Wires, and more.
Deposit a cheque with your smartphone
Make multiple money movements at the same time
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Fees are billed in the currency of the subscribed accounts.
Separate EFT service agreements must be set up if both USD and CAD EFT transactions are required.
Technical Integration Services (TIS) related to non-standard requirements (if any) are billed separately per Scotiabank’s published TIS pricing schedule, which is available upon request
Available only in Canada.