Electronic Funds Transfer (EFT)
A simple, streamlined way to send and receive payments in Canada
Pay vendors, employees and expenses quickly and efficiently
Send individual payments online or upload a file to take care of multiple payments
Schedule EFT payments up to 60 days in advance to improve cash flow and avoid late fees
Save time and simplify your recurring payments and expenses with Electronic Funds Transfer
Collect rent, membership fees, insurance premiums and more with ease
Collect payments efficiently with pre-authorized debit
Receive funds by the next day – no more waiting for cheques to arrive
Get funds directly deposited into your account and access working capital quickly
Frequently asked questions
Available only in Canada.
Fees are billed in the currency of the subscribed accounts.
Separate Electronic Funds Transfer service agreements must be set up if both USD and CAD EFT transactions are required.
Technical Integration Services (TIS) related to non-standard requirements (if any) are billed separately per Scotiabank’s published TIS pricing schedule, which is available upon request.