WAYS TO BANK
Through each of these methods, you can pay bills, check your balance and account history, transfer money from account to account, and send your money to others.
DIRECT DEPOSIT
Funds are deposited straight into your bank account rather than you getting a cheque, then depositing it in your account. This is commonly used for paycheques and income tax refunds. There is no fee associated with direct deposit.
OVERDRAFT PROTECTION
With overdraft protection, when you write a cheque for more than what is in your chequing account, it is processed and you are left with a negative balance. This prevents you from having to pay a fee for cheques that bounce back.
- Minimum overdraft protection of $250
- Maximum overdraft protection of $5000
- No monthly fee if service is unused
- $5.00 fee for each month account is overdrawn for a day or longer
SAFETY DEPOSIT BOXES
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Scotiabank gives customers the option of borrowing a safety deposit box. These boxes can be used to store anything, although some items commonly stored in safety deposit boxes include gold bars, jewelry, wills, and expensive items. The boxes come in numerous sizes, and the price differs according to the size of the box. The smallest box is 1.5" x 5" x 24", and has an annual fee of $45.00
VERIFIED BY VISA
With this service, you'll be required to enter a password whenever you use your VISA card to make a purchase online. This provides additional security, and ensures that no one but you can use your card. There is no fee for this service.