Reduce outstanding receivables with pre-authorized payments.
If your organisation collects regular, recurring receivables such as bill payments, insurance premiums, tuition or subscription fees, Scotiabank’s Collections service can reduce your administration and improve your company’s cash flow by automatically debiting your customers’ accounts at any bank account† in the country.
With our Collections service, you’ll not only save your customers the time and expense of writing and mailing cheques, but you’ll also reduce the time and costs associated with receiving and processing payments.
Right for your organization if:
Regularly collect payments or receivables from customers
Want to increase convenience for their customers
Manage collections centrally
Use an automated accounts receivable system
Benefits you can bank on.