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Fee changes
effective June 1, 2023
Please be advised that effective June 1, 2023, there will be changes to some of our Corporate and Commercial Banking fees.
See below a full list of these changes.
See current list of fees.
Fees effective June 1, 2023
| Description of Charge | Fee | GCT |
| Current Account Corporate & Commercial | ||
| Monthly Flat Fee | $722.32 | $108.35 |
| Per Entry Fee | $108.15 | $16.22 |
| Current Account Corporate & Commercial – Foreign Currency | ||
| Monthly Flat Fee | USD/CAD 7.56 GBP/EUR 5.67 | USD/CAD 1.13 GBP/EUR 0.85 |
| Per Entry Fee | USD/CAD 0.95 GBP/EUR 0.95 | USD/CAD 0.14 GBP/EUR 0.14 |
| Savings Account Corporate & Commercial (Special Call Account) – Monthly Charge | $166.74 | $25.01 |
| Savings Account Corporate & Commercial – Monthly Charge | $434.78 | $65.22 |
| Savings Account Corporate & Commercial - Foreign Currencies Per Entry Fee (withdrawals) | USD/CAD 1.32 GBP/EUR 0.94 | USD/CAD 0.20 GBP/EUR 0.14 |
| High Volume Cheque Processing Charge | $381.69 | $57.25 |
| Credit Report (Retail & Business) | $1,262.25 | $189.34 |
| Cost for both reports (Retail & Business) | $2,462.25 | $369.34 |
| Rental of EDC POS Machines | ||
| IP Terminal Monthly Fee | $1,850.00 | $277.50 |
| Wireless Terminal Monthly Fee | $3,982.61 | $597.39 |
| Scotia On-Line for Business – Bronze | ||
| One Time set-up fee for new customers | $7,400.48 | $1,110.07 |
| Base Monthly Fee | $2,173.91 | $326.09 |
| Direct Payments – Payroll – Base Monthly Fee | $2,173.91 | $326.09 |
| Batch Payment Collections – Base Monthly Fee | $2,173.91 | $326.09 |
| Batch Payments Disbursements – Base Monthly Fees | $2,173.91 | $326.09 |
| Scotia Online for Business - Gold | ||
| Batch Payments Collections – Base Monthly Fee | $5,434.78 | $815.22 |
| Batch Payments Disbursement – Base Monthly Fee | $5,434.78 | $815.22 |
| Direct Payments – Payroll – Base Monthly Fee | $5,434.78 | $815.22 |
| Scotia Online for Business - Platinum | ||
| One time Set-up Fee for new Customers | $7,400.48 | $1,110.07 |
| Batch Payments Collections --Base Monthly Fee | $9,130.43 | $1,369.56 |
| Consolidated Cash Plan -One time Set-up Fee | $7,570.82 | $1,135.62 |
| Batch Payments Disbursement - -Base Monthly Fee | $9,130.43 | $1,369.56 |
| Direct Payments – Payroll – Base Monthly Fee | $9,130.43 | $1,369.56 |