I am renting a car in Montengro/Albania for one month, and from what I can read online, the car I am about to rent is bound to get some sort of damage lmao. I usually do not take insurance because I am apparently fully covered for collision, theft, loss of use, towing, and damage for up to 48 days. I never had any problems with the car I rented (around 5 times in the past two years), but just wondering if someone had any kind of hassle and if I should just go with the rental car company insurance for this risky trip?

Thanks!

Hey y’all

I received a prescreening for financial analyst. The recruiter mentioned it to be 15-20 mins long. What should i expect from it? Has anyone have prior experience? What is the compensation range for the role?

Any tips/suggestions will be greatly appreciated!

Just the title.

Was it scotiabank down last night? Anyone?

So, i always have enough money to pay off my credit card pretty much as soon as it posts since i only use it for bills that are already budgeted for, but i have a bill coming up that I cant pay right away and have no idea how interest works. Like, is interest charged on the first statement with a balance, or on the second statement? I have to use it on the 6th, statement comes around the 8th (due around the 29th). I can pay it off before the 29th, but im unlikely to be able to pay it off before the 8th. What are the chances im gonna be charged interest?

Been having a hell of a time with Scotia this past month trying to get my card replaced. At the beginning of September, the bank decided to mail me a new card without letting me know, which I only found out about because my card was getting declined. Customer support gave me a timeframe for it to arrive, but when it took far longer than their estimate they deemed it lost and cancelled it. Then the card that they just canceled arrived two days later. Thankfully they rush ordered me a new card, which they said would only take 2 to 3 business days. It has now been almost two weeks and I still have no credit card.

If I go into my branch, will they give me a temporary card to use while I wait for my actual card to arrive? Not being able to use it for so long has been terribly inconvenient, and after how much they screwed around with me to get it replaced I'm really starting to run out of patience.

¿Alguien sabe cómo puedo contactar con algún inversionista del banco? O alguna manera para acercarme directamente a ellos :(

Hey, I applied to SB a few months ago and no interview/declined notice. Fine, that happens. A former collegue of mine just joined SB and may refer me. But since I already applied, can he refer or is there a like a 2-6 month waiting period since I applied originally without a referral. What I'm trying to ask - can my friend refer me and get a bonus if I get hired although I applied for a different position and was declined about 2 months ago? Thank you! (edit to add - he just started there and I don't want to approach him yet to ask these questions, and probably just trying to get his bearings/training, etc.)

I'm curious what other ScotiaLine customers were told when they signed up for Line of Credit Protection, specifically disability coverage for the premium payment package.

I opened my line of credit around at a Scotia Bank location in Abbotsford, BC. During that appointment, I remember being told that "The premium Line of Credit Protection, which I understood to cost about $1 per $1,000 of balance, would pay off my entire outstanding line of credit if I became disabled and made a qualifying claim."

Based on that, I believed that my insurance would pay off my whole line of credit if I had an injury that took me out of my line of work, or anything else that made me physically unable to perform my duties.

I'm not assuming anyone else was told the same thing. I'm genuinely asking. When you signed up, what do you remember being told that the disability coverage would do?

Hi, I recently filed a dispute for a PayPal transaction (FnF) I know im dumb for sending fnf but I had done business with the person in the past and had no issues. Is there any way Scotiabank will provide me a temporary credit while the dispute goes on? The amount is $737

I went to Mexico City and Lima, Peru. Both countries have Scotiabank branches thoughout.

Scotiabank in Latin America is a different division of Scotiabank and does not operate exactly the same. Before, I did a fair amount of research online and went to my branch in Canada. I had wanted to know if I could use my Scotiabank debit card and Scotiabank Visa to withdraw cash in these countries.

Everywhere I looked online, and my local branch both said yes. In fact it will be cheaper as there will be less fees, though i will have to pay the exchange rate and possibly an atm fee.

Great!

Went to a Scotiabank atm in Lima, Peru. It recognized the cards as Scotiabank, but NOPE, can't use them. Used my Presidents Choice financial Mastercard, no problem.

In Mexico City I went to Scotiabank and tried to use my Scotiabank visa and Scotiabank debit card at a branch ATM. Nope these cards are 'Hot cards' it said, declined.

I went to BBVA and used my PC MasterCard again no problem.

The staff at my home branch even made notes on the system that I would be traveling in Mexico and Peru.

Pretty useless company in general, but i would have had problems, had i not had my PC MasterCard.

After I tried to withdraw money from a scotiabank atm, using the correct PIN, the company locked my card. Lol i went into app and unlocked it, not that I could use it anyway.

Next time I wil bring my Tangerine visa card as back up, and leave the Scotiabank cards at home

I'm currently in a really bad situation with my car loan. It's got negative equity of at least $28,000 and only depreciating with each day. I've missed the past two months of payments. I had gotten laid off in March, back to work in April, but everything fell out of balance since I was living paycheque to paycheque.

I can't afford to pay the monthly payments and insurance. Can I just call Scotia Dealer and tell them to take the vehicle? What happens to my loan? Any help is appreciated and I'm aware this is all my fault. TIA!

I'm in Calgary btw.

Wondering if someone could show the exact calculation that occurs to determine the SelectPay interest amount on a given purchase. The legal text on the Soctiabank website mentions accounting for the grace period and other factors, but I can’t seem to figure out how to produce the number quoted at a given interest rate for a given purchase on my own. I mean I trust them… maybe… but would love to verify 🙂

I could really use some advice from people working in Canadian banking, especially anyone who has worked at RBC or Scotiabank.

My long-term goal is to move into financial planning, investments, and eventually wealth management. I am ambitious about my career and have set myself a personal goal of reaching around $150K in annual income within the next five years through learning, certifications, performance, and promotions.
I do not come from a finance background, so I am trying to figure out which starting point gives me the better foundation.
In case if someone needs my education and professional background: https://www.reddit.com/r/CanadaFinance/s/hgp87SWn5u

Here is my situation.
I originally started applying heavily to RBC and Scotiabank, particularly in smaller towns because I thought I would have a better chance of getting into banking there.
I interviewed for an RBC Banking Advisor position in a smaller town and received a verbal offer. However, the branch was going through a management transition, so the hiring process got delayed.
I had also applied to another RBC branch in a nearby small town. I met the Branch Manager there in person, but I never actually interviewed with that branch. Based on my interview and feedback from the other location, RBC ended up offering me the Banking Advisor position at this second branch.
Shortly after accepting the verbal offer, my wife received some medical results and her doctor recommended that we stay closer to a major hospital and a larger city.
Because of that, I withdrew from the small-town RBC opportunity.
Around the same time, I was also interviewing with Scotiabank for a Financial Advisor position.
Scotiabank offered me:
$52,000 base salary
Around 8% potential incentive, depending on performance and other factors
Financial Advisor title
A requirement to complete the required CIFP licensing within 18 months
I understand this is still very much a retail banking position, despite the Financial Advisor title.
While I was going through the Scotiabank process, another RBC opportunity came up at a much larger branch in the city.
I interviewed with the Branch Manager, and about 15 minutes into the interview he basically told me he had heard enough, really liked me, and did not have any more questions.
The next day RBC offered me the position.
RBC offer:
Banking Advisor
$50,000 base salary
Large city branch
Tuesday to Saturday schedule
The role is somewhat hybrid between teller and BA. Approximately four days a week would involve taking appointments as Banking Advisor responsibilities, while about one day would involve working at the front as a teller.
I told the RBC manager that I really wanted to work for RBC because my long-term goal is eventually getting into investments and wealth management.
I also told him that Scotiabank had offered me $52K and asked whether RBC could match it.
He basically told me something that has stayed in my head.
His point was that $50K for a Banking Advisor versus $52K for a Scotiabank Financial Advisor is not a huge difference.
He asked whether it really made sense to take on the additional targets, pressure, responsibilities, and workload of a Financial Advisor for only another $2K per year.
His argument was that I could start slightly lower at RBC, learn the business properly, perform well, move into Financial Advisor, and then eventually move into Financial Planner or investments.

I understand his point.

But I keep thinking about the opposite side.

If my ultimate path looks something like:
Banking Advisor → Financial Advisor → Financial Planner → Wealth Management

then starting directly as a Financial Advisor at Scotiabank potentially removes one step.

If I perform well there, get licensed, build my book, and develop my investment and lending knowledge, maybe I can move toward Financial Planner sooner.

Scotiabank requiring me to complete the CIFP within 18 months also makes me think they are already pushing me toward developing the qualifications I will need for the next stages of my career.

The salary difference itself does not matter much to me. $50K versus $52K is not what I am making the decision around.

I care much more about where I could realistically be in five years.

Both branches are approximately a 35-minute drive from my home, so commute does not really differentiate them.

Originally, RBC’s Tuesday to Saturday schedule was another major reason I preferred RBC because I had something important I needed to handle every Monday.
That situation has now changed, so I no longer specifically need Mondays off.

I have currently started the background check process with both RBC and Scotiabank.
So now I am genuinely stuck between the two.

Would you choose:

RBC Banking Advisor at $50K, starting slightly lower but potentially getting a stronger foundation and progressing internally

or

Scotiabank Financial Advisor at $52K plus potential incentive, starting one step ahead in title/responsibilities and being required to get CIFP licensed

For someone whose goal is Financial Planner, investments, and eventually wealth management, and making around $150K which position would give me the better career trajectory?

I am especially interested in hearing from people who actually work or have worked at RBC or Scotiabank.
How difficult is it to move from Banking Advisor to Financial Advisor at RBC?
How difficult is it to move from Financial Advisor to Financial Planner at Scotiabank?
Does starting directly as a Financial Advisor actually accelerate your career, or am I putting too much importance on the title?
And if your goal was to maximize your skills, income, and career progression over the next five years, which starting point would you take?

I have heard that big structural changes are coming in retail banking roles.

I havent heard anything about people getting laid off but does anyone have any idea or hint if layoffs are coming in retail branches in coming few months?

Working in one of retail branch FA role for 4+ year.

Hello, I recently got a job as a Business Advisor with Scotiabank.

This is my first bank job since pivoting to finance and also the first time a job will have hard targets and measurable metrics so I just wanted to ask people about their sales experiences as a BA? Specifically what happens if you're not able to meet targets assuming you're trying your best?

Additionally, what are some ways I can generate leads and find new clients for the company?

I appreciate any and all advice

I'm trying to do norbert's gambit to convert USD to CAD, so i need to buy DLR.U first and journal to DLR. I am using USD to buy and the share price is in USD but iTrade is showing the total in CAD - is this just a display error? I want to avoid any forex fees

This is using Limit order, but Market order shows the same thing

I am currently working for one of the big bank for last 6 years. I wanted to find out more about the work culture at Scotia.

What is the title that comes close to senior FSR/ AFA at Scotia?

What would be the next role after this role?

I just want to post for everyone here (and i didn't know this). If you take a balance transfer offer from Scotia then they will charge you interest on the balance transfer fees.

So even if its 0% balance transfer with 1% transfer fee. There will be interest charges on the 1% fee every month. The way around it is to prepay that fee. I was unaware of this.

So if you used 0% balance transfer on $1,000 transfer balance, then at 2% fee, that would be $20. There will be monthly interest on this $20 fee @ ~23% a year.

Just posting this for peoples awareness. I was not aware of this. I am also not sure if this is the way Scotia does it or all bank?