With our Direct Deposit service, your payroll is electronically deposited into each employee’s designated account1.
- Save time and money by avoiding the costs of cheque handling, printing, and reconciliation
- Increase productivity - employees won’t have to visit their bank branch during working hours to cash cheques
- Enhance security for your company and your employees by eliminating the possibility of lost or stolen cheques
Please note that processing payments to non-Scotiabank accounts is dependent on established Automated Clearing House (ACH) processing times.