What Services Does the Bank of Nova Scotia Jamaica Provide?


Quick Answer

The Bank of Nova Scotia in Jamaica offers many standard banking services, including personal bank accounts, loans, credit cards, insurance plans and mortgages. It also offers corporate and small business services, including banking and investing, financing, and lines of credit.

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Full Answer

Often known as simply as Scotiabank, the Bank of Nova Scotia is a Canadian bank with a large presence Caribbean countries that dates to the British colonial era. Scotiabank has been active in Jamaica since 1889, when it opened a branch in Kingston.

Personal bank accounts offered by Scotiabank in Jamaica include savings accounts, electronic accounts for use online and at ATMs, total access accounts with checking capabilities, and many specialized accounts, such as junior accounts for people under 17 and bridal accounts for newlyweds. Scotiabank offers various credit card plans, using either Visa or MasterCard, and a plethora of insurance plans for health and life. As of 2015, Scotiabank operates 35 branches in Jamaica.

Business services offered by Scotiabank include basic accounts all the way up to importing and exporting services. With its large international presence, Scotiabank considers itself uniquely suited to international trade. Scotiabank's main competitors in Jamaica are the Jamaican-based National Commercial Bank Jamaica Limited, started in 1837, and FirstCaribbean, run by Canadian bank CIBC.

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