Scotiabank Increases Digital Banking Functionality
- Further improvements planned for September
Kingston, Jamaica – September 8, 2020 - President and CEO of Scotiabank, David Noel, has announced several enhancements made by the Bank that will provide greater convenience to customers using its automated banking machines, mobile and online banking systems.
Among the newly launched features for the Scotia Online and mobile app platforms are access to e-Statements for Transactional and Savings accounts, Credit Cards and Lines of Credit, the ability to update contact information and add third party recipients – a new feature for mobile banking customers.
Using Scotiabank’s expansive network of ATMs which now include Intelligent Deposit Machines (IDMs), customers can now make credit card payments that are instantly updated by inserting their credit card at the machines and depositing cash to make payments.According to Noel, the Bank has already received overwhelmingly positive feedback on these additional features and promises additional enhancements by throughout September. “By the end of September, Scotiabank customers can expect even more features and functionalities that are sure to add greater convenience and further reduce the need for branch visits to access “routine” transactions,” Noel said.
Another novel feature to be introduced at ABMs is the ability to withdraw, deposit and transfer USD, from and to local currency accounts. The machines will both dispense and receive USD and seamlessly convert funds at the prevailing exchange rate. Scotiabank will be the only local bank to offer this feature.
“When we analyzed the types of transactions that are conducted frequently inside our branches, we were seeing high incidences of customers coming in for basic account updates, maintenance and inquiries. Our aim is to identify any opportunity where we can leverage our investments in technology to increase customer convenience by allowing them to conduct these transactions without visiting a branch. This also coincides with the increased need to maintain the social distancing requirements and reduce crowds at our branches due to the ongoing health crisis,” he further explained.
In order to assist customers with the ongoing transition to digital banking Noel says the Bank has been conducting a series of direct and online customer engagements aimed at providing education on digital banking, including safety tips and is also proactively targeting senior citizens who are particularly vulnerable during the current pandemic.
One of several newly installed Scotiabank Intelligent Deposit Machines (IDM) which offer real-time cash deposit services, credit card payments and much more.
Scotiabank is a leading bank in the Americas. Guided by our purpose: “for every future,” we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of approximately 97,000 employees and assets of over $1.2 trillion (as at April 30, 2020), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit http://www.scotiabank.com and follow us on Twitter @ScotiabankViews.