NewzKINGSTON, Jamaica — Scotiabank customers can now initiate international wire transfers through Scotia OnLine and the Scotia Mobile Banking app, removing the need to visit a branch. The bank said its new digital money transfer service allows individual customers to send funds overseas directly from their local deposit accounts. Customers may also make same-currency transfers from accounts denominated in United States (US) and Canadian dollars, euros and British pounds.
Transfers will be processed through the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network, using the recipient bank’s SWIFT code. Customers may initiate multiple transfers, subject to their established daily, weekly and monthly transaction limits. Scotiabank did not disclose the applicable fees, processing times or transfer limits.
“The addition of international wire transfers through Scotia OnLine and the Scotia Mobile Banking app gives our clients greater flexibility and control over how they manage their finances,” said Hughton Leslie, senior manager for digital banking channels at Scotiabank. Customers enrolled in either digital banking platform can access the service by selecting the transfer option and following the on-screen instructions.
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