Disclosure Requirements for E-payment Services and Fees

 The Bank of Nova Scotia Berhad – E-Payment Services & Fees

(1)Individuals

Intrabank Funds Transfer

No Items
Channels
Internet banking
Mobile banking
ATM
Over-the-counter (OTC)
(1) Fees and Charges (RM per transaction)
NIL
NIL
Not offering
NIL
             
(2) Daily transaction limit (RM per day)
NIL
NIL
Not offering
No Limit
             
(3) Payment reference        
  (i) Availability of payers' names and payment references in beneficiaries' bank statement
payment references in payers' bank statement
N/A
N/A
N/A
YES
  (ii) Availability of beneficiaries' names and payment references in payers' bank statement
N/A
N/A
N/A
YES
             
(4) Operating hours
N/A
N/A
N/A
Banking hours
             
     
For all channels
   
(5) Crediting time         
  (i) Monday - Friday
N/A
N/A
N/A
Immediate
  (ii) Non-business days
N/A
N/A
N/A
N/A
(6) Refund time           
             
             
RENTAS          
             
No Items
Channels
 
Internet banking
Mobile banking
Over-the-counter (OTC)
 
(1) Fees and Charges (RM per transaction)
N/A
N/A
5.00
 
             
(2) Payment reference        
  (i) Availability of payers' names and payment references in beneficiaries' bank statement
payment references in payers' bank statement
N/A
N/A
YES
 
  (ii) Availability of beneficiaries' names and payment references in payers' bank statement
N/A
N/A
YES
 
             
(3) Operating hours        
             
     
For all channels
   
(4) Crediting time         
  (i) Monday - Friday
N/A
N/A
N/A
Immediate
  (ii) Non-business days
N/A
N/A
N/A
N/A
             
(5) Refund time 
N/A
N/A
N/A
Immediate
             

 


 The Bank of Nova Scotia Berhad – E-Payment Services & Fees

(2)Businesses

Intrabank Funds Transfer

No Items
Channels
Internet banking
Mobile banking
ATM
Over-the-counter (OTC)
(1) Fees and Charges (RM per transaction)
NIL
NIL
Not offering
NIL
    Sole-proprietors, partnership and SME1        
    Other corporates
NIL
NIL
Not offering
No Limit
             
(2) Daily transaction limit (RM per day)        
    Sole-proprietors, partnership and SME1
N/A
N/A
N/A
No Limit
    Other corporates
N/A
N/A
N/A
No Limit
             
(3) Payment reference
N/A
N/A
N/A
Yes
  (i) Availability of payers' names and payment references in beneficiaries' bank statement
payment references in payers' bank statement
       
  (ii) Availability of beneficiaries' names and payment references in payers' bank statement
For all channels
 
Yes
             
(4) Operating hours
N/A
N/A
N/A
Banking Hours
             
             
(5) Crediting time         
  (i) Monday - Friday
N/A
N/A
N/A
Immediate
  (ii) Non-business days      
N/A
(6) Refund time           

*For manufacturing sector, sales turnover not exceeding RM50 mil or full-time employees not exceeding 200 workers; for services and other sectors, sales turnover not exceeding RM20 mil or full-time employees not exceeding 75 workers


RENTAS

 

No Items
Channels
Internet banking
Mobile banking
Over-the-counter (OTC)
(1) Fees and Charges (RM per transaction)      
    Sole-proprietors, partnership and SME1
N/A
N/A
5.00
    Other corporates
N/A
N/A
5.00
           
(2) Payment reference      
  (i) Availability of payers' names and payment references in beneficiaries' bank statement
payment references in payers' bank statement
N/A
N/A
Yes
  (ii) Availability of beneficiaries' names and payment references in payers' bank statement
N/A
N/A
Yes
           
(3) Operating hours
N/A
N/A
Banking Hours
           
         
(4) Crediting time       
  (i) Monday - Friday
N/A
N/A
Immediate
  (ii) Non-business days
N/A
N/A
N/A
           
(5) Refund time 
N/A
N/A
Immediate
           

*For manufacturing sector, sales turnover not exceeding RM50 mil or full-time employees not exceeding 200 workers; for services and other sectors, sales turnover not exceeding RM20 mil or full-time employees not exceeding 75 workers


 The Bank of Nova Scotia Berhad – E-Payment Services & Fees

Cheque and Current Account Services (Individual & Business)

 
RM
Effective date
Fee per cheque issued
0.50
January 1 2015
     
 
Type of accounts
Interest rate/profit rate (% per annum)
Interest rate/profit rate of current accounts
Basic
NIL
     
     
     

 


 
Description of selected payment services

No Payment services Description
1 Intrabank funds transfer A payment system that provides funds transfer services to accounts within the same financial institution. 
2 IBG A payment system, which is operated by MyClear, that provides funds transfer services amongst its participating financial institutions.
3 IBFT A payment system, which is operated by MEPS, that provides immediate funds transfer services amongst its participating financial institutions.
4 FPX An internet-based multi-bank payment platform that leverages on the Internet banking services of banking institutions to offer online payment for electronic commerce (e-commerce) transactions. Similarly, companies can easily extend teir businesses online by offering a quick and safe payment method to their customers. 
5 Interbank Direct Debit An interbank collection service for regular and recurring payments enabling automated collection directly from a customer’s bank account at multiple banks with a single authorisation. 
6 RENTAS Interbank funds transfer made via RENTAS, with a minimum amount of RM10,000
7 Debit card A payment instrument that is linked to a deposit account at a financial institution that can be used:
(i) to pay for goods and services;
(ii) to withdraw cash from automated teller machine or withdraw cash at participating retail outlets through debit card usage by debiting the user's account; or
(iii) for the purpose of (i) and (ii).
8 Cheque  A paper based payment instrument. It is a form of written order directing a bank to pay money to the beneficiary.