Securely send funds online from your Scotiabank account in any major currency within Canada or internationally.
Wire Payments
Securely send funds online from your Scotiabank account in any major currency within Canada or internationally.
Contact us- Receive real-time confirmation for each payment transmitted.
- Protect payment information with full end-to-end authentication
- Automatically provides FX rates.·
- Streamlined, online processes allow you to create and send wires faster.
Account Details
- Bank account can be based in Canada or the U.S.
- Funds are debited from customer accounts the same day the payments are sent.
- Create templates for recurring payments.
- Schedule wires up to 30 days in advance.
- Receive detailed reports for easy reconciliation.
- Track your outgoing and incoming wire payments online, in real-time
Related Services
Enhanced online business banking to approve and submit payments, check balances, EFTs, Wires, and more.
Deposit a cheque with your smartphone
Send money quickly to family and friends all over the world
Resources
Frequently Asked Questions
What is a wire transfer? A wire transfer tends to take less time to clear and settle than a cheque, which makes it a good payment choice for many businesses looking to decrease the clearing time required for their payables and receivables. |
How does a bank wire transfer work? If you are receiving a wire transfer, you need to share this information with the person that is sending it to you. Ensure you are comfortable sharing your banking information with your payment sender, as your banking information is sensitive and should be protected. |
How long does a wire transfer take? |
What are the fees for sending or receiving a wire transfer? |
Can I schedule wire payments in advance? |
Can I cancel a wire transfer? |
What if I'm wiring funds from one currency to another? |
Can I track the status of a wire transfer? |
Can I track the status of a wire transfer? |
What security features are built into the wire payment service?
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What is the difference between a wire payment and an EFT? |
How can I protect myself from Wire Fraud? Ensure you have an internal due diligence process in place, particularly for large outgoing payment requests. Educate your employees on methods of fraud prevention, including security practices. Consider consulting a trusted IT service for advice on device, email, and system protection. Regular reconciliation of accounts can help to spot unusual activity, allowing you to report to your financial institution early, and engage your IT support to review systems and emails for any security breaches. |
What do I do if my business is victim of fraud? |
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No clearing fees are deducted from wire payments that stay within Canada.
Additional clearing fees for cross-border wire payments in USD, EUR, and GPB, may — depending on wire destination and routing — be charged by one or more involved banks. These fees, if any, are not at the discretion of Scotiabank
Clearing fees for cross-border wire payments in currencies other than USD, EUR, and GPB may — depending on wire destination and routing — be charged by one or more involved banks. These fees, if any, are not at the discretion of Scotiabank.