1.00 CAD
The first Scotiabank branch opened its doors in Kingston, Jamaica, in 1889. The bank's original title was The Bank of Nova Scotia. The need for the bank came from the necessity to transform the province of Nova Scotia's barter trade with Jamaica into a monetary exchange.
The bank has survived through political, social, and economic changes to offer Jamaicans cutting-edge retail and business services. Scotiabank employs 2000 people throughout its 35 branches in Jamaica. The head office of Scotiabank is still located in Kingston.
The Scotia Bank has donated $500 to community development in addition to its banking services. By 2030, it seeks to increase the economic resilience of disadvantaged individuals. It focuses primarily on the following:
They facilitate newcomers' access to fulfilling jobs in Jamaica.
They boost the number of disadvantaged youth who graduate from high school and enroll in post-secondary programs to improve their employment chances.
The bank helps to lower barriers to disadvantaged populations' job advancement.
Remitbee does not charge for transactions worth more than $500. Instead, sending money under that amount will only cost you $2.99 if you use one of the following payment options:
Interac Online
E-transfer
Bill Payment
Electronic Funds Transfer
Visa or Mastercard Debit (can be more than $2.99)
It depends on the country you are sending it to. While sending to India merely takes a few minutes, sending to Jamaica can take one to three business days.
With RemitBee, you can send money whenever you want. However, the recipient receives the funds from the recipient's bank during normal business hours at the bank. Delays could be brought on by either incorrect recipient information or a lack of relevant documentation for verification.
Since you are transferring money from your bank account or debit card, certain banks might charge you a fee. If so, confirm with your bank before initiating a transfer.
You can send money via Remitbee Wallet with low to no costs by funding your Remitbee account and transferring funds from there.