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