Scotiabank Payroll Access Account
Once your salary is assigned electronically, this chequing account has no monthly fee.
No Monthly Fee
Rates verified: N/A
About This Product
Perfect for Salary Earners Seeking Transparency
The Scotiabank Payroll Access Account offers salary earners a straightforward banking solution with transparent fee structures and essential digital tools. With a modest BBD $250.00 opening requirement, it's designed for working professionals who want clear, upfront banking without hidden costs.
Key Features:
- Zero monthly fees - no service charges for salary earners
- Transparent fee structure - clear upfront disclosure of all fees including international transfers
- Mobile phone top-up - direct Digicel & Flow mobile top-ups from your account
- User-friendly internet banking - intuitive digital platform for account management
- Salary-based eligibility - requires electronic salary deposit for qualification
Ideal for: Working professionals who prioritize fee transparency and want a reliable primary banking solution. Unlike some competitors, Scotiabank is transparent about all fees including international transfer charges.
For complete fee transparency: Review the Scotiabank Schedule of Fees for detailed fee information.
✓ Benefits
- Internet banking platform is very user-friendly.
- Ability to top-up prepaid Digicel & Flow mobile phones directly from the account.
- Unlimited digital transactions (ATMs, POS, online banking).
- No monthly service fee
⚠ Considerations
- Salary must be deposited electronically.
- Quarterly statements (vs. monthly with competitors).
- Lower daily transfer limit (BBD $6,000 vs BBD $10,000 at other banks).
- Teller fee: BBD $5.00
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