Last Updated on February 10, 2025
Scotiabank, officially known as The Bank of Nova Scotia, is one of Canada’s leading financial institutions. With a rich history dating back to 1832, Scotiabank has grown into a global bank serving over 25 million customers in more than 50 countries. Whether you’re new to Scotiabank or a long-time customer, this article aims to answer some of the most common questions about the bank and its services.
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General Information | Contact Information |
Operating Hours | Banking Details |
Account Management | Services |
General Information
What Does Scotiabank Stand For?
Scotiabank stands for The Bank of Nova Scotia, reflecting its origins in Nova Scotia, Canada. Over the years, it has become commonly known as Scotiabank.
Who Owns Scotiabank?
Scotiabank is a publicly traded company, and its shares are owned by a diverse group of shareholders, including institutional investors, mutual funds, and individual investors.
Operating Hours
Days | Opening Hours | Closing Hours |
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Monday | 9:30 AM | 5:00 PM |
Tuesday | 9:30 AM | 5:00 PM |
Wednesday | 9:30 AM | 5:00 PM |
Thursday | 9:30 AM | 5:00 PM |
Friday | 9:30 AM | 5:00 PM |
Saturday | 9:30 AM | 4:00 PM |
Sunday | Closed | Closed |
Is Scotiabank Open Today?
Scotiabank branches generally operate from Monday to Friday, 9:30 AM to 5:00 PM, and Saturday, 9:30 AM to 4:00 PM. However, hours may vary by location, so it’s always a good idea to double-check with your local branch or their website. Some branches may have extended hours or be open on weekends.
What Time Does Scotiabank Close?
Closing times vary by location, but most branches close around 5:00 PM on weekdays and 4:00 PM on Saturday. Some branches may have extended hours or shorter hours on weekends and holidays.
Account Management
How to Open a Scotiabank Account?
Opening a Scotiabank account is a straightforward process. Here’s a step-by-step guide:
- Choose the Right Account Type:
- Visit Scotiabank’s website or a local branch to explore different account options, such as chequing accounts, savings accounts, and student accounts.
- Select the account type that best suits your needs.
- Gather Necessary Documentation:
- Prepare the required identification documents, such as a government-issued ID (passport, driver’s license) and proof of address (utility bill, lease agreement).
- If opening a student account, have your student ID or proof of enrollment ready.
- Apply Online or Visit a Branch:
- You can apply online through Scotiabank’s website by filling out the application form and uploading your documents.
- Alternatively, visit a local branch and speak with a representative who will assist you with the application process.
- Review and Submit:
- Review your application to ensure all information is accurate.
- Submit the application online or hand it to the branch representative.
- Set Up Online Banking:
- Once your account is approved and opened, you’ll receive your account details.
- Register for online banking to manage your account, check balances, and make transactions.
How to Close a Scotiabank Account?
Closing a Scotiabank account involves a few steps. Here’s how you can do it:
- Settle Outstanding Balances:
- Ensure all pending transactions are cleared, and any outstanding fees are paid.
- Transfer remaining funds to another account if necessary.
- Visit a Branch or Contact Customer Service:
- Visit a local Scotiabank branch and speak with a representative.
- Alternatively, contact Scotiabank customer service by phone to initiate the account closure.
- Complete the Account Closure Form:
- Fill out the account closure form provided by the branch representative or customer service.
- Provide identification and any required documentation.
- Confirm Closure:
- Review the account closure details with the representative to ensure accuracy.
- Confirm the closure and receive a confirmation receipt.
Contact Information
How Do I Contact Scotiabank Customer Service?
You can contact Scotiabank customer service by calling their toll-free number1-800-4SCOTIA (1-800-472-6842). Additionally, you can also reach Scotiabank through their website and mobile app.
- For Telephone Inquiries – 1-800-4SCOTIA (1-800-472-6842)
- For Telephone Inquiries – Outside Canada & USA: 1-800-895-4463
- For Telephone Banking – English: 1-800-267-1234
- For Facebook – https://www.facebook.com/scotiabank
- For Twitter – https://twitter.com/scotiabank
- For Instagram – https://www.instagram.com/scotiabank/
- For Youtube – https://www.youtube.com/user/Scotiabank
- For Linkedin – https://www.linkedin.com/company/3139/
Which Scotiabank Branch Near Me
To locate a Scotiabank branch near you, you can use the following methods:
- Scotiabank Branch Locator: Visit the Scotiabank Branch Locator and enter your postal code, address, or share your location.
- Google Maps: Open Google Maps, type “Scotiabank” in the search bar, and it will show you the closest branches along with directions.
- Scotiabank Website: Check the Scotiabank website for a list of branch locations and contact information.
Banking Details
What is Scotiabank’s Transit Number?
Scotiabank’s transit number is a unique identifier for each branch. You can find your branch’s transit number on your cheques or by contacting your local branch.
What is Scotiabank’s Institution Number?
Scotiabank’s institution number is 002. This number is used in conjunction with the transit number for various banking transactions.
What is Scotiabank’s Routing Number?
Scotiabank’s routing number is a combination of the institution number and the branch’s transit number. It’s used for electronic transactions like direct deposits and wire transfers.
Services
Does Scotiabank Have Online Banking?
Yes, Scotiabank offers a robust online banking platform that allows you to manage your accounts, pay bills, transfer funds, and more from the comfort of your home or on the go.
What are Scotiabank’s Loan Rates?
Loan rates at Scotiabank vary depending on the type of loan and your personal circumstances. For the most accurate and up-to-date information, it’s best to contact Scotiabank directly or visit their website.
Does Scotiabank Offer Mortgages?
Yes, Scotiabank provides a variety of mortgage options to suit different needs, whether you’re a first-time homebuyer or looking to refinance your existing mortgage.
What are Scotiabank’s Fees?
Scotiabank’s fees vary depending on the type of account and services you use. Detailed information about fees can be found on their website or by contacting customer service.
What are Scotiabank’s Credit Card Options?
Scotiabank offers a range of credit cards, including cashback cards, travel rewards cards, and low-interest cards. Each card has its own set of benefits and features, so you can choose the one that best suits your needs.
Can I transfer Money Internationally with Scotiabank?
Yes, Scotiabank offers international money transfer services. You can send money to over 200 countries through their online banking platform, mobile app, or by visiting a branch.
What are Scotiabank’s Savings Account Options?
Scotiabank offers several savings account options, including high-interest savings accounts, tax-free savings accounts (TFSAs), and registered retirement savings plans (RRSPs). Each account type offers different benefits to help you save for your goals.
Does Scotiabank Offer Business Banking Services?
Yes, Scotiabank provides a comprehensive range of business banking services. From business accounts and loans to credit cards and cash management solutions, Scotiabank supports businesses of all sizes.
What is Scotiabank’s Mobile App Like?
Scotiabank’s mobile app (Android or iOS) is user-friendly and packed with features. You can check your account balances, transfer funds, pay bills, deposit cheques, and more—all from your smartphone or tablet.
How do I Apply for a Mortgage with Scotiabank?
Applying for a mortgage with Scotiabank is easy. You can start the process online, visit a branch, or contact one of their mortgage specialists. They’ll guide you through the application process and help you find the best mortgage solution for your needs.
Conclusion
Scotiabank offers a wide range of banking services to meet the diverse needs of its customers. Whether you’re looking to open an account, manage your finances, or get in touch with customer service, Scotiabank has the resources and expertise to help. For more detailed information, visit their website or contact their customer service team.
Statistics and Information Sources:
- Scotiabank website
- Link: https://www.scotiabank.com/ca/en/personal.html