The Bank of Nova Scotia or Scotiabank of Canada has the most international presence around the globe.
Scotiabank is one of the top Canadian banks. They help customers, their families and their communities achieve success through a broad range of advice, products and services.
What is Scotiabank?
Scotiabank was founded in 1832 in Halifax, Nova Scotia, where it was headquartered until relocating to Toronto in 1900.
The third largest bank in Canada is the Bank of Nova Scotia (Scotiabank). More than 10 million people use Scotiabank in its native country, and another 15 million do so globally.
Scotiabank has billed itself as “Canada’s most international bank” due to its acquisitions primarily in Latin America and the Caribbean, and also in Europe and parts of Asia.
The Bank of Nova Scotia, operating as Scotiabank, is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario.
It is one of Canada’s Big Five banks and ranks third in terms of deposits and market value.
What services are offered by Scotiabank?
Scotiabank’s services help Canadians establish their financial well-being before and after moving.
The Scotiabank StartRight programme is designed to simplify banking for Canadian permanent residents, international students and foreign workers who have recently landed in Canada.
Scotiabank benefits
It offers benefits that can help set you up for success, including:
- No monthly account fees for one year for bank account offering unlimited transactions and e-transfers
- Unlimited no-fee international money transfers
- Free small safety deposit box for a year
- Credit cards without any credit history
- Specialized mortgage for newcomers to Canada
- Knowledgeable help from financial advisors
Scotiabank also allows newcomers to set up their banking before they leave their home country. The Scotiabank International Account allows individuals to apply for an international account and transfer up to $50,000 before moving to Canada.
This step can help show proof of funds during the immigration process.
For those who have landed in Canada already, with StartRight you can get up to $1,300 in bonuses and savings in the first year for a limited time.
Final Thoughts
Scotiabank provides a variety of goods and services, including personal and business banking, wealth management, and corporate and investment banking, to more than 25 million customers worldwide.