Save over $500 1

on your banking fees when you sign-up
with these Scotiabank partners, Chase and CFIB.

 

Sign Up Now

Scotiabank customers can enjoy great savings when they take advantage of exclusive offers from our partners Chase® Merchant Services and the Canadian Federation of Independent Business (CFIB). Sign-up with both partners to get access to even more savings on banking and payment processing, plus CFIB’s valuable resources, discounts and advocacy.

More benefits waiting for you:

 
 
 

Accept payments with Chase2

Become a CFIB Member

Sign up for both to maximize your benefits

Waived deposit fees in the Right Size Account for business for credit and Interac® debit deposits from Chase – a potential $498 savings each year1.

 

Funds in your Scotiabank account the next business day3.

 

Chase's 24/7 customer service, flexible solutions to accept card payments, and online reporting.

 

Chase’s exclusive credit and debit card payment processing rates exclusive to CFIB members2:

  • Mastercard® 1.2696%
  • Visa* 1.4296%
  • Amex® 1.68%

Other fees apply. See full rates and conditions below.

 
 

No cancellation fees from Chase on your standard CFIB-Chase agreement so you can walk away at any time.

 
 

Scotiabank waives the minimum monthly account fees for the Scotiabank Right Size Account for business – a $72 savings each year – for CFIB members.4.

 

Waived application fees, preferred rates or reduced fees on Scotiabank credit lines and much more.

 

CFIB offers additional savings on business services like payroll, shipping and marketing.

 

Expert advice from CFIB’s counsellors, plus free tools and templates.

 

Strong representation from a team of CFIB advocates who fight for your business.

 

About Scotiabank’s partners:

 

Chase Merchant Services

As Scotiabank and CFIB’s preferred payment processing partner, we offer your business many ways to accept payment from your customers, from credit and debit to gift cards – instore or online.

 

CFIB

The Canadian Federation of Independent Business advocates for small and medium-sized businesses at all levels of government, provides expert advice on business issues, and offers exclusive savings to its members. With 110,000 members, CFIB is devoted exclusively to the success of independent businesses.

"I appreciate the extra savings we have received on our banking with Scotiabank, and Chase and the opportunity to get the new lower rates without having to negotiate with them on my own"

Proud CFIB member of 20 years, Bill Willis, CBR Products, Vancouver, BC.

Your exclusive CFIB credit and Interac rates from Chase:

Visa, Mastercard and Amex

 

Merchant Discount Rates

Industry Specific Rates for (CDN $ Accounts)**

Visa5

Mastercard5

Amex6

Consumer Electronic (For most CDN $ Accounts)

1.4296%

1.2696%

1.68%

(Visa*) Everyday Needs

1.3696%

1.2696%

1.68%

(Mastercard*) Everyday Needs

1.3696%

1.2696%

1.68%

Grocery

1.2396%

1.2296%

1.68%

Petroleum

1.1896%

1.1796%

1.68%

U.S. $ Accounts7

1.7796%

1.7796%

N/A

Additional Fees(and CDN and US $Accounts)s

 

Assessment / Network Fee

0.0904%

0.0904%

0.12%

Acquirer License Fee Fee

N/A

0.007%

N/A

Non-Qualified Transaction Processing Fee

0.25%

Interchange Differential / Wholesale Discount Differential

Passed through at cost, as set by Visa and Mastercard and American Express

** Qualified Transactions (CAD) only as defined below. Other fees apply.

Interac

 

Interac

Per Transaction Fee
(switch fee included)

$0.042

+Switch fee
passed through at cost, as set by Interac®

Interac® Flash
Added fee for contactless payment

$0.02-$0.035

Passed through at cost, as set by Interac®

Other fees

Chase Merchant Services

Monthly admin fee

$3.95

 

All fees and rates are subject to change as set out in the Merchant Agreement.

To sign up today or find out more:

Call Chase at 1-877-527-9473, or fill in the form below to have a Chase and a CFIB representative contact you.

1.877.527.9473

* By submitting this form, as an authorized representative of merchant, you agree to be contacted by Chase and CFIB by telephone or email for merchant account services and have provided your information to Chase and CFIB for this purpose.

Call 1.877.527.9473

To see how much you may save.

* By submitting this form, as an authorized representative of merchant, you agree to be contacted by Chase and CFIB by telephone or email for merchant account services and have provided your information to Chase and CFIB for this purpose.

1 When you use a Scotiabank Right Size Account for business and Chase for merchant services, every per transaction credit and debit deposit fee that is normally charged for processing payments with a service provider other than Chase will be waived.  This saving calculation assumes (1) a $1 per deposit fee, (2) the merchant submits one credit deposit and one debit deposit on each business day, excluding statutory holidays (total of 249 business days), and (3) the  current minimum monthly fee of $6 is waived on the Right Size Account for business. Actual savings, if any, will vary based on the offer and individual client activity. 

2 Members who wish to obtain payment processing services from Chase Merchant Services must submit an application. All applications are subject to Chase’s standard approval policies and procedures, including without limitation credit approval and entering into a Merchant Agreement with Chase Merchant Services. Certain conditions apply. Proof of membership status with the Canadian Federation of Independent Business (CFIB) will be required.

3 Next-day funding is available to Chase customers for Visa, Mastercard, Amex OptBlue and Interac card transactions only. Next-day funding is subject to merchant credit approval and all funds are subject to fraud monitoring. Qualifying funds are deposited on the next business day, excluding weekends and bank holidays

4 The current minimum monthly fee on the Right Size Account for business is $6.00.

5 Your eligibility for a particular Payment Brand Interchange Program is dependent on the nature of your business as determined by Visa and Mastercard. If you are eligible for a specific Interchange Program, your Target Qualification Level will be set at the particular Interchange Program. The Merchant Discount Rate (“MDR”) applies to transactions that qualify at or below your assigned Target Qualification Level (“Qualified Transactions”). For all other transactions (“Non-Qualified Transactions”), you will be charged the MDR, the Interchange Differential (equal to the difference between the Interchange fee associated with your Target Qualification Level and the Interchange fee for the Interchange level at which the Non-Qualified Transaction was actually processed) and the Non-Qualified Transaction Processing Fee set out above and on your Pricing Schedule.

6 Your eligibility for Amex MDR pricing is determined by American Express (Amex). Merchants with annual volume of greater than $500,000.00 are not eligible for MDR pricing. Your eligibility for a particular Wholesale Discount Program is dependent on the nature of your business as determined by Amex. If you are eligible for a specific Wholesale Discount Program, your Target Qualification Level will be set at the particular Wholesale Discount Program. The Merchant Discount Rate (“MDR”) applies to transactions that qualify at or below your assigned Target Qualification Level (“Qualified Transactions”). For all other transactions (“Non-Qualified Transactions”), you will be charged the MDR, the Wholesale Discount Differential (equal to the difference between the Wholesale Discount fee associated with your Target Qualification Level and the Wholesale Discount fee for the Wholesale Discount level at which the Non-Qualified Transaction was actually processed) and the Non-Qualified Transaction Processing Fee set out above and on your Pricing Schedule. Separate fees apply to transactions for factors such as acceptance mode (i.e. card not present or keyed transactions) or foreign-issued cards, excluding JCB cards. This MDR pricing model does not apply to Amex conveyed transactions.

7 This Merchant Discount Rate (“MDR”) applies to US transactions that qualify at the Foreign Consumer Standard Interchange Level (“Qualified Transactions”) only. US Dollar transactions payable in USD.

®Registered trademark of The Bank of Nova Scotia.

Chase and the Octagon logo are registered trademarks of JPMorgan Chase Bank, N.A.

®Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

*Visa is a registered trademark owned by Visa International Service Association and used under license.

®Used by Amex Bank of Canada under license from American Express.