TORONTO, April 27, 2020 /CNW/ - Scotiabank announces
quick and secure access to the Canada Emergency Wage Subsidy (CEWS) funds,
effective immediately for business banking customers who enroll in
direct deposit with the CRA.
Business banking customers who are approved to receive
Canada Emergency Wage Subsidy
funds should enroll in direct deposit with the Canada Revenue
Agency (CRA) through ScotiaOnLine, the Scotia Mobile app, and
ScotiaConnect for quick and secure access. Business customers
should sign-in to their normal online banking channel to enroll, or
contact their Small Business Advisor for Small Business Customers
or Relationship Manager for Commercial and Corporate customers, for
help in getting enrolled.
Scotiabank business customers signed up for
direct deposit will receive relief payments directly into their
operating account, in a convenient and secure way. Businesses
must first determine their eligibility for CEWS and then apply for
the relief payments directly with the CRA.
"Scotiabank continues to support our business banking customers
by providing access to the government funds they need to navigate
through these uncertain times," said Dan
Rees, Group Head, Canadian Banking. "We encourage all our
business customers to use Scotiabank's online tools to enroll for
direct deposit with the CRA, to ensure quick and secure access to
the funds they need, rather than waiting for physical cheques to
arrive."
Scotiabank business customers should visit Scotiabank.com for
information on how to enroll for CRA direct deposit, which takes
only a few minutes to submit. Once enrolled, businesses will
receive CRA payments such as benefits, credits and refunds
deposited directly to their Business Operating Account.
For more information on all of our relief programs for
individuals and businesses, please visit Scotiabank.com.
About Scotiabank
Scotiabank is a leading bank in the Americas. Guided by our
purpose: "for every future," we help our customers, their families
and their communities achieve success through a broad range of
advice, products and services, including personal and commercial
banking, wealth management and private banking, corporate and
investment banking, and capital markets. With a team of
approximately 100,000 employees and assets of
approximately $1.2 trillion (as at January 31,
2020), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS)
and New York Stock Exchange (NYSE: BNS). For more information,
please visit http://www.scotiabank.com and follow us on
Twitter @ScotiabankViews.
SOURCE Scotiabank