Banking and Investing

Meet your business goals and maximise the efficiency of your cash operations


Business Accounts

Essential building blocks for meeting your daily business banking needs.

The Bahamas' Deposit Insurance Corporation (DIC) is a public corporation, established under the Protection of Depositors Act, 1999.The DIC is managed by The Central Bank of The Bahamas (CBoB).
All licensed banking institutions, with Bahamian Dollar deposits, including Scotiabank (Bahamas) Limited, must have membership with the DIC. The DIC insures Bahamian dollar deposits placed with a member institution in any of its branches in The Bahamas. Its primary objective is to minimize or eliminate the risk of the loss of savings of Bahamian dollar deposits. Each eligible deposit in a member institution is insured up to a maximum of B$50,000 per depositor. This coverage insures both principal and interest for eligible deposits at each member institution. Knowing that your deposits are protected should promote confidence and help to achieve the overall financial stability objective of the CBoB and licensed financial institutions like Scotiabank (Bahamas) Limited. For more information follow The Bahamas' Deposit Insurance Corporation's link below:

Basic Business Account
  • Issue cheques and receive payment for daily operations
  • Receive detailed periodic statements for all account transactions
  • Arrange pre-authorized payments
  • Customize business cheques and services
Foreign Currency Business Account
  • Issue cheques and receive payments, deposit and withdraw funds in major international currencies
  • Reduce your exposure to exchange rate fluctuations
  • Receive detailed periodic statements for all account transactions
  • Pay for services according to usage

Savings and Investing

Our solutions ensure that your surplus funds earn competitive rates of interest.

Business Savings Account

  • Earn a competitive rate of interest
  • Increase your returns with tiered rates for higher balances
  • Access cash as business opportunities arise
  • Receive detailed account statements for all transactions
Term Deposits
  • Improve your cash flow management with security and convenience
  • Interest payments annually or at maturity
  • Available in BSD and USD
  • Available terms from 31 days to five years

Need more information?


Talk to one of our Relationship Managers about Scotiabank's Corporate and Commercial Banking solutions.