r/Scotiabank

Did my Ba in Economics, took 6 years and graduated with a 2.7gpa. Flunked out of my masters, went back to school for a year and did: calc 2 calc 3 Regression-analysis Data-Analytics Discrete-math. Now I'm 26, it's summer, and I need a job.

And everyone on linkedln in Risk analysis has an amazing profile of 85% gpa+Finance MA or MBA. I'm stressing out. I don't know what to do. Please help me figure out a career trajectory. I've been applying to risk/compliance/fraud/underwriting and just about anything that I can.

every month you get an automated bank statement pdf online.

I read online you can request an interim one but it takes a few days.

for example June 1st - July 5th?

will Scotia do that if I phone up or speak online?

I would like to know if this is standard Scotiabank policy or simply an individual employee’s decision.

A Scotiabank advisor requested that all of my accounts be closed, but I was never given a clear explanation for this decision.

Has anyone experienced something similar? Is this something a single advisor can initiate, or is it always a decision made by the bank after an internal review?

It’s currently Saturday 4th July. I’m hoping to have my online pdf June statement by Monday 6th July.

is it likely to have been issued by then? Note online pdf not by post.!

Late to the game, but just realized u can now redeem cash back anytime...on the momentum visa infinite. That kinda means u should always just redeem as soon as u cross 25$...right? Or any reason to keep stacking it? (Other than saving i mean)
I'm assuming there's no benefit to redeem more at once / less often?

I can only find a way to rename the main account not the smaller ones inside it... as a friend said... "Open as many savings accounts as you want!! Then have fun remembering what the goal for each account was." - Your Friends at Scotiabank

Does anyone know if there is a hidden way to do it?

Hi folks, I moved from Ireland to Canada 3 months ago, within 2 weeks of arrival I started working, and currently earn $61k getting paid weekly into my chequing account.

I first applied for a “No fee Scotia Momentum® Visa* Card” and my application was rejected, a week later I tried applying for the regular “Scotia Momentum® Visa*  Card” with a $49 annual fee, and my application was also rejected. I called Scotiabank and they wouldn’t even entertain my call once they heard I was rejected, twice (so embarrassing 🙈)

I must admit I have no need for a credit card but want to start building credit as I intend on making Canada my permanent home however my credit score has dropped since last month? I was given a score of 662 when I got here and now it’s gone down to 618? We don’t have credit score numbers in Ireland so this is all new to me. I have no idea why my score has dropped, but I looked through my account and I found a “$0.01 overdraft interest charge” which I’m now also confused about as I do not recall my account ever dropping below $0, but could that be why?

Do you think these rejections are because I’m too “new” to Canada? I’m not in any rush at all for credit, but I’m just very curious as to why I have been rejected, when I get paid weekly?

I’m applying for Youth Mobility Scheme Visa for this I need to prove I’ve held 5000 Canadian dollars in account without dropping below for 28 days.

I’d like to simply print a statement June 3rd - 1st July.

When logging in on laptop and downloading a pdf and printing this it does not display my name and account number. Going to the bank and asking them to do it is exactly the same. Best I can do is get them to stamp it. But they are just pages with transactions no proof it’s my account.

if I wait for the June statement to come out it will have all the details and be a proper statement but It won’t have any of July on it.

How can I print a custom statement and have all my details on it?

Unfortunately I got a scratch on my rental, most of it wiped away, but some paint came off and I’m just not sure of the process here

It’s minimal at least. Unless they actually inspect the car maybe we can get away with it. But it is like a loonie size

I’m the second driver on the car, I’m not sure if that changes anything. We have 3 more days with the car. I did pay with my Scotia Momentum

Could use (and welcome) any advice to avoid any big charges. It’s not any of the big chains, it’s a local chain

Thanks!

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Trying to sign-in every hour since 0600 and its 0947 now.

Has anyone experienced this? The card still works if I use the chip, but will not work for tap, Apple Pay, or online orders. I am so confused and the two times I’ve called they keep telling me to remove it and then re-add it to my Apple wallet and online. Nothing has worked! It’s been two weeks and I’m leaving the province in a week, I very much would like this card to work during that trip. Any ideas?

My wife and I were travelling together and on the 22nd of June the lounge access for her supplementary card was working fine. We travelled back on the 29th of June and all of the sudden and without any notifications the supplementary card no longer has access to lounge. We were lucky that I still had a few visits but if she was travelling on her own she wouldn’t have access anymore. At least give me a notification or an email or something, sucks that this occurred mid trip.

I called the bank and they said “the visa benefits were changed, let me transfer your call to them” I talk to someone and they wanted to transfer me again. They transferred me to a Spanish automated message and I didn’t understand anything and they hung up what kinda service is this?

Anyone had the same experience?

Hey everyone, I recently got an internal offer for a Senior Inbound Fraud Advisor role at a Big 5 bank, moving over from a frontline customer service position, and I’m looking for some honest reviews on what the day-to-day actually looks like. I have a background in finance and want to know if this role is strictly a back-to-back phone queue call center environment, or if seniors get genuine off-phone time to handle deeper case analysis. My ultimate goal is quick career progression into a functional, back-end fraud analyst or investigative role, so I’m wondering if a 6-to-8-month timeline for an internal transfer is realistic if I’m hitting all my metrics, or if the bank strictly enforces the standard 12-month policy. More importantly, since this inbound role usually falls under a TEER 4 classification, I need to plan ahead for my Express Entry PR journey. For anyone who has gone through the PR process in bank ops, how rigid is HR with the official job duties on the employment reference letter? Can a direct manager typically customize a supplementary reference letter on company letterhead to emphasize the analytical, regulatory, and investigative aspects of the daily work to align with a higher TEER category, or does everything have to strictly match a generic corporate template? Any insights on the department culture or handling the reference letter strategy would be incredibly appreciated!

Hi everyone,

Looking for some perspective on whether I am being paranoid or if my mortgage specialist is trying to play me to increase their loan volume.

We are purchasing a property for $865K. From day one, I was explicit that we have a $550K down payment and want a mortgage around $315K. I provided all investment statements upfront to prove the funds. We also wanted a HELOC attached to the file.

Today was our subject removal date. When I asked for the final numbers, the specialist told me we were approved for a $540K mortgage. When I pushed for specifics, they told me that the underwriter had only verified $330K of our down payment due to "capacity issues" over the last 4 weeks. Because a $540K loan + $330K verified cash covers the purchase price, they just pushed the maximum loan approval through to hit the subject deadline.

They also sent this in an email:

"We’ve, according to the previous approval letter, approved you $540,000. You can choose to adjust the amount as to how much exactly a mortgage and a HELOC limit you want as long as they’re together within $540,000. But please make sure you can finalize this on or before July 10th."

My question to the community: Is this normal behavior for a big bank?

It feels like a bait-and-switch tactic to get me to accept a massive mortgage at closing because they haven't actually done the work to verify the remaining $220K of my down payment. If I don't force them to verify that cash before July 10th, I don't see how they can actually fund a lower $315K mortgage on closing day.

Has anyone else dealt with an advisor pushing a "global limit" approval while refusing to do the legwork on the down payment verification until the last minute? Am I dealing with institutional laziness or a pushy sales tactic?

Thanks.

I closed my account today because I found out that for the last 12 months Scotiabank have been charging me $16 a month “service fee”.

It’s been 2 and half years since I opened the account so even if I was told. I have completely forgotten. So I’m just unaware that you need $4000 in your account not to be charged.

I’ve been told less money in your account and more in savings is better. Except now I’ve actually lost more money from Scotiabank robbing me than I’ve made in my savings.

I called up to find out why I was being charged, and pretty much the response was “you knew! You signed the papers, did you read the terms and conditions?”.

First off, I clearly didn’t know, I’m not a banking nerd. I get paid, I pay my bills. That’s all I use my Bank for. Second, no one reads the terms and conditions. 3rd, what benefits do I even get for paying $16 a month?

I feel it’s real shady and unnecessary, like Scotiabank is making a lot of money, they don’t need me $16.

Then when I went to close my Account I was told it would cost money to transfer the money. Should we set up a gofundme for the Scotiabank CEO because I feel like he’s struggling here.

I’m just ranting, but I do believe it’s a little dirty what they are doing, because I bet many others have no real clue about banking and are just getting charged as they are unaware. But to be gaslit into this being my fault that I’m unaware as if I should be reading Scotiabank literature. And there is zero chance Scotiabank will refund that money because I willingly agreed that they are allowed to rob me.

Is this common across all Canadian banks, or is Scotiabank just extra greedy?

Screw Scotiabank, I hope the bank fails.

Edited: a man can’t have a little rant in peace, but I have taken on board, I have learnt a valuable lesson in banking responsibility. Also, I am an immigrant to Canada, so other than Australia, I’m not used to service fees.

Edited: any advice so I don’t lose out on ignorance again would be more helpful than just saying it’s my fault.

My card was compromised and I have a charge for $400+ from Fashion Nova which I didn't place. Already had the card cancelled.

My question is: how was someone able to place an order this large without having to go through the SMS/email verification? Any time I place an order online, no matter how big or small, I'm redirected to the scotiabank website to verify myself. I don't understand how the thief could get the transaction to go through and why they didn't get prompted to verify themselves. Anybody know?

Hi folks, I am lucky enough to get interviews from both Scotia bank and CIBC working as an analyst.

They are both level 7 in their bank banding.

Just wanna know what's the base salary range for a Level 7?

Hope I am not being underpaid 🙏🏼

Much appreciated!

I’m 22 and currently in university studying Business Information Technology (Network & Security). It’s basically a Business Technology degree with a stronger focus on cybersecurity. I’ve also debated on doing a double major in accounting, but we’ll let the future see.

The problem is that I have very little work experience. I’ve tried to make up for it by volunteering as much as I can, networking on LinkedIn, and even reaching out to branch managers directly. Despite that, I haven’t had much luck getting interviews or offers.

My current goal is to get hired as a bank teller, I’d eventually like to move into fraud investigations, fraud prevention, or financial crime within a bank. I know teller positions are competitive, but I thought it would be a good way to get my foot in the door.

I’m wondering if there are any certifications or other things I can do to make myself a stronger candidate while I’m still in school.

I’ve been looking into the CSC and IFC. They both seem interesting, but I’m not sure whether they’d actually help me land a teller position or if they’d be a waste of time and money at this stage.

If you were in my position, what would you focus on? Are there any certifications that would genuinely help? Is there something else I can do to compensate for my lack of work experience? Has anyone here gotten into banking without a strong employment history?