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Talk to a Property
Management Specialist
Submit your phone number or e-mail address and a Scotiabank specialist will be in touch.
 Go to QuickForm |
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One Community®
Website Service
Condominium clients can receive a discount on set up and monthly service fees for One Community® Private Member Websites with a referral from Scotiabank. The service provides condominiums with a customized web-based community for private access to condo news, board meeting minutes and discussions. The One Community Private Member Websites brochure contains more information or speak with your relationship manager. |
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Property Managers have specific banking and investment objectives. The Property Manager Plan offers an ideal selection of accounts and electronic products and services designed to save you time and money by
simplifying administration, payments and collections, and providing a greater return on your condominium clients reserve fund investments.
Features
For Property Managers
Business Account Savings
To help manage day-to-day transactions with ease, choose from our custom
Property Manager Account and pay no account or transaction fees¹ and earn a competitive rate of interest
for keeping high balances, or select from our Account Plan for business™ or Business Interest Account.
Streamline Banking Activities
Electronic products and services are also available to help make daily banking as efficient and effective as possible, which include online banking, pre-authorized payments, electronic bill payment collections, tax payment and filing, and expense management.
For Your Condominium Client
Manage Reserve Funds
In consultation with your condominium client, select banking options that are applied to any of the accounts² opened on behalf of the condominium:
- No Fee - Ideal for smaller buildings with fewer unit holders or to reduce service charges. Pay no account or transaction fees¹, while earning a competitive rate of interest on balances.
- High Interest - Suited for buildings with larger reserve funds, or to improve margins and streamline administration. Earn an industry-leading rate of interest on balances and pay a low, monthly plan fee¹.
Grow Reserve Funds
To further maximize returns
on reserve funds and help ensure sufficient funds to meet regulatory guidelines, you can access advice and purchase investment products and services such as GICs through the branch.
For reserve funds greater than $250,000, a Financial Consultant can assess needs and make referrals to ScotiaMcLeod for investment advice on qualified investments or Scotia Private Client Group for discretionary portfolio management.
Personal Banking for Unit Holders
Retail banking products are also available for Condominium Unit Holders for their banking, borrowing and credit protection needs.
Benefits
- Low service fees
- High interest on balances
- Access balance and transaction reporting online for all buildings and accounts
- Easy collections from unit holders and manage disbursements
- Comprehensive banking services for clients
Detailed Product Sheet [PDF 1200kb]
For more information about the Scotiabank Property Manager Plan, please contact us by e-mail.
¹ Excludes sundry fees, certified cheques, wire transfers and money orders.
² Accounts include an Operating Account, Reserve Fund Account, in which all reserve funds must stay within Scotiabank group, including Scotiabank, Scotia McLeod and ScotiaCassels, and a Contigency Fund Account.
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