Scotiabank introduces Scotia SelectPay plan

• Bank is the first to launch this new way to convert credit card purchases into fixed monthly installment payments.

SCOTIABANK has launched a new payment solution for Scotiabank personal banking credit card holders. Scotia SelectPayTM is a NEW digital banking feature that provides customers with the option to convert their credit card purchases into bite-sized, fixed, monthly payments via the Scotia Caribbean App and Scotia OnLine Banking.

With Scotia SelectPayTM customers can turn their credit card purchases of approximately BB$500* or more – into 3, 6, 9 or 12-month plans.
“We are pleased to add another new feature to our award-winning Scotia Caribbean App and the Scotia OnLine Banking platform. The SelectPayTM credit card payment feature provides an option for
our customers seeking greater flexibility when paying for larger purchases,” indicated Suzette Armoogam-Shah, Managing Director, Scotiabank (Barbados) Limited.
“We hope it will help them better manage their credit cards and any unexpected expenses that may arise.” she continued.
The Scotia SelectPayTM feature is available on personal banking credit cards. No new application or credit checks are needed, and customers can set up a SelectPayTM plan in less than a minute.
For more information, including how to set up a Scotia SelectPayTM plan, visit https://bb.scotiabank.com/perso nal/credit-cards/selectpay.html
*This amount is based on the daily USD conversion rate and refers to a completed transaction for a purchase that is equal to or greater than US $250 or it’s equivalent in local or another
currency. This conversion amount will vary depending on the daily conversion rate.

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 over 90,000 employees and assets of approximately $1.2 trillion (as at July 31, 2021), 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.