Accounts
Select Account for business
Basic Business Account
Select Account for business
What are the 3 account types available for Business Banking
1.Scotiabank Passport™ Visa Infinite Business* Card
2.Scotia Momentum for Business VISA Credit Card
3.ScotiaLine for Business VISA Credit Card
4.VISA Business Credit Card
5.Scotiabank® GM®* Visa* Business Card
6.ScotiaGold Passport® for business Visa* Card
What are the various Credit Cards for Business' ?
Cost-effective and flexible for things like purchasing machinery, land, breeding stock, making building repairs, or renovations.
What is a term loan for agriculture ?
Cashable //Redeemable//Non-redeemable GIC
Mutual Funds
What are the various way of investing for a business
Chase Paymentech
Who do we refer for POS merchant services ?
C$ 6.00
5 Transactions
Digital Banking for Business and Scotia Card
Additional transactions based on pricing tiers.
What is the Account Maintenance fees for Basic Business Account
19.99 %
199/year
10000 - 100000 limit
Scotiabank Passport™ Visa Infinite Business* Card
What are some of the features of the Scotiabank Passport™ Visa Infinite Business* Card
Access to cash for purchasing fixed assets with a competitive rate
What is a Term Loan for Business ?
I can only help business' to invest if they have 750k and up
When do you refer to Scotia McLeod ?
Incorporation
Sole Proprietorship
Partnerships
Not for Profit Association/Organization
What are the different types of Business Structures
1. C$ 9.95
2.Free Transaction allowance for each minimum monthly credit balance of C$1100
3. Fees waived when min monthly credit balance is C$6000 or over
What is the account maintenance fees for Basic Business Account ?
C$ 49/- per year
19.99% on purchases
500-100000 limit
2.99% introductory interest rate on balance transfers for the first 6 months (22.99% after that)
What are the features of the Scotia momentum for business Visa Credit Card ?
Minimize the impact to your cash flow and get the asset or equipment for your business without the risk of ownership
What is Scotia Leasing ?
Operate your business and save surplus funds – all with a single account.
What is the Dual Rate Investment Account ?
interest is not earned if cashed out prior to 30 days
interest is earned even if cashed out before 30 days
What is the difference between Cashable and Redeemable GIC ?
Plan A => C$ 18.00 (25 Free Transaction)
Plan B => C$ 35.00 (70 Free Transaction)
Plan C => C$70.00 (125 Free Transaction)
Unlimited => C$ 120.00
What are the various types of Select Account for Business ?
Limit up to $500,000
No additional cost for extended warranties on your purchases for up to 90 days
Free supplementary cards and personalized cheques
Flexible repayment terms
21-day interest-free grace period
What are the features of the
ScotiaLine for Business VISA Credit Card ?
Customize your business credit needs with multiple products under one global credit limit
What is Scotia Flex for Business
Grow your surplus funds with a competitive interest rate.
What is a business investment account ?
Save time by scanning and depositing cheques from your office.
What is Remote Deposit ?
Available to customer who want to send and receive wires or hold funds in EUR//JPY//GBP with 2 outgoing wires for free
What is the online Foreign Currency account
Annual Fee => $79
$29 for each additional supplementary card
Interest Rates: 19.99% on purchases
22.99% on cash advances, balance transfers and Scotia® Credit Card Cheques
Credit Limit: $500 up to $100,000 unsecured
5% in GM Earnings on the first $10,000
spent annually, and 2% thereafter
$1 in GM Earnings = $1 towards the purchase price
or lease of a new Chevrolet, Buick, GMC, or Cadillac
What are the benefits of Scotiabank® GM®* Visa* Business Card ?
A government program to help existing businesses or start-ups acquire the necessary financing to purchase equipment, leaseholds improvements, and property.
What is the Canadian Small Business Financing Act Loan Program
Earn interest with the flexibility to redeem before maturity (at a reduced rate)
What is a redeemable GIC ?
Real-time credit for deposits made from multiple locations to your central business bank account
What is Cash Concentration (Cash Consolidation Plan) ?