Merchant Services 

Merchant Services are provided by Chase Payment Solutions^SM (“Chase”).  Any products and services offered by Chase are governed solely by their terms and conditions. The Bank of Nova Scotia (“Scotiabank”) is not responsible for, and provides no representations, warranties or conditions regarding, any third-party products or services, including those of Chase. A referral by Scotiabank to Chase will result in a referral fee or other revenue being paid to Scotiabank.

Free Scotiabank debit and credit card deposits into select Business Accounts: Scotiabank Debit and credit transaction fees are waived for Chase Payment Solutions customers using a select Scotiabank business account including Right Size Account for business, Select Account for business, SPP Plus Account Plan, ScotiaOne Account Plan for Agriculture, Scotia® Community Account Plan. The Basic Business Account is excluded. Customers are subject to a transaction fee for each of their Visa*, Mastercard** and Interac^† deposit transactions if they process payments with a service provider other than Chase Payment Solutions.

As of March 03, 2024, the standard monthly plan fee for Select Account for business Plan B is $40 and is subject to change by Scotiabank at any time with notice. Please refer to Your Guide to Fees and Interest Schedules available at www.scotiabank.com for the current fees and charges applicable. 

This Merchant Services Offer (the “Offer”) is available to customers who accept it by signing an offer letter and who, on or after September 12, 2023, have or open a Select Account for business Plan B (“Account”) and are signed up with Chase for Merchant Services ("Eligible Customers"). To qualify for a monthly fee rebate on your Account, Eligible Customers must use their Account to settle Chase deposit transactions. If there is no Chase deposit transaction activity in the Account during any month, the monthly Account fee will not be rebated for that month. When an Eligible Customer qualifies for a rebate in any given month, the monthly Account fee will initially be charged to the Account and rebated in the Account within 20 business days following the last day of the billing cycle in which the monthly Account fee was charged. The rebate amount will be equal to the monthly Account fee charged to your Account, up to a maximum rebate amount of $40. To receive a rebate of the monthly Account fee, the Account must be open and in good standing at the time of the rebate. An Account is considered in good standing if there is no breach of the terms and conditions specified in the Scotiabank Financial Services Agreement or any other terms and conditions or agreement(s) applicable to the Account. The Offer is conditional upon successful onboarding with Chase. This Offer will not affect other service charges applicable to the Account. Maximum one offer per Eligible Customer regardless of the number of Accounts opened. This Offer is non- transferable and may be changed, cancelled, or extended by Scotiabank at any time without notice, including if an Eligible Customer stop obtaining payment processing services from Chase.

Deposits are made directly into your Scotiabank Business Account the next business day: Next-business day deposit is available to Chase Payment Solutions customers for Visa^*, MasterCard^** and Interac^† card transactions only. Next-day deposit is subject to merchant credit approval and all funds are subject to fraud monitoring. Qualifying funds are deposited on the next business day, excluding weekends and bank holidays.

Registered trademark of The Bank of Nova Scotia.

^SM                    Chase Payment Solutions and the Octagon logo are registered trademarks of JPMorgan Chase Bank, N. A.

Visa Int./Licensed user.

Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

Interac and the Interac logo are registered trademarks of Interac Corp. used under license.