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FAQ’s

View answers to frequently asked questions.

Scotia Investments is a complete financial service provider. We are securities dealers and primary dealers of collective investment schemes.

Scotia Investments provides you with a wide range of investing options, in comparison to a traditional bank which only offers savings products.  Our investment advisors are expertly trained to help our clients achieve their personal financial goals.

Investing is when you commit money into any endeavour with the anticipation that you will make a profit on your initial sum. Saving is when you put aside your money regularly in a safe location such as a bank. Investing usually involves taking some amount of risk; while with saving, your primary goal is the preservation of your money.

This depends on the investment option chosen. Different options can be virtually risk-free, very risky, or have moderate amounts of risk. Our Investment Advisors will help you to create a portfolio of investments to suit your risk comfort level and financial goals.

Your investment options should be selected based on your personal financial objectives. Our Investment Advisors can help you to select the right investments to meet your needs. Read more about our range of investment options.

Documents needed for an individual account
 
  • A national ID (driver’s license, passport, etc.)
  • A TRN card for all persons signing on the account.
  • Confirmation of source of income for employees.
  • Self-employment reference letter for self-employed individuals.
  • Proof of address.
Documents needed for a business account
 
  • A national ID (driver’s license, passport, etc).
  • A TRN card for all persons signing on the account.
  • Business TRN.
  • Articles or memorandums of association - companies.
  • Certificate of incorporation - companies.
  • Any other document that applies to the particular type of business.
  • Only notarized copies of these documents will be accepted.

The minimum investment period may vary according to the type of investment account opened. However, we recommend a long-term, ongoing commitment to investing that allows you to get the most out of your money. Read more about our investment options.

You may encash your investment at any time, however, a minimum holding period applies to some investment options. If you encash prior to the end of the minimum holding period, an early encashment fee may apply. Read more about the requirements of our different investment options.