Wire Payments Service Information

The Wire Payments service provides the ability send wire payment instructions directly to the Bank from your PC.

The access the Wire Payments Service Information page:

1. From the Administration menu, select Service Information then click on My Services.

2. On the My Services page click on Wire Payments under the Scotiabank Services column to access the Wire Payments Service Information page.

To leave the Wire Payments Service Information screen, click the Cancel button.

The Service Information page for Wire Payments displays the following information:

• Service Name - “Wire Payments”
• Hours of Availability
• Approval settings belonging to the Wire Payments service:
• FX rate booking arrangement
• Functions belonging to the Wire Payments service
• Accounts belonging to the Wire Payments service

Note: All settings displayed on the Wire Payments Service Information page are for your information only. To make changes to these settings, please contact your Relationship Manager.

Settings belonging to the Wire Payments service:

Approver option will be displayed as either:

a. Approval Must Come From a User in a Different Group

If this option is selected then the User who approves a payment must be in a different Group than the User who entered the payment.

b. Must be a Different User

This is the default setting for the service.

FX Rate Booking Arrangements:
ScotiaConnect automatically provides foreign exchange rates for payments up to the Bank’s bulletin limit. For larger payments that are ‘Over Bulletin’ a rate must be booked. In most cases customers will be set up to book their own foreign exchange rates. In some cases the Bank’s Payments Department will book rates on behalf of a customer.

If the box next to “Will book own FX rate for over bulletin wire:” says “Yes” then your company is setup to book your own foreign exchange rates. If “No” is displayed then the foreign exchange rates for your company’s over bulletin payments will be booked by the Bank’s Payment Department and you should never book a foreign exchange rate for a wire payment initiated via ScotiaConnect.

Number of Approvals/Approval Tiers:

This section displays the number of approvals required for your wire payment transactions. The number of approvals required can range from 1 to 3.

By changing the values for the Minimum/Maximum Approvals Required and the Approval Tiers you can require all payments or payments over a certain dollar amount to be approved by 1, 2 or 3 Users.

Note: These approval settings will also apply to Wire Payment Templates with a pre-approved amount.

Note: Please contact your Relationship Manager to make changes to your approval settings.

Functions belonging to the Wire Payments service:

The Wire Payments service included the following functions:

Wire Payments	Enables wire payment transactions to be created/submitted to the Bank.
Batch Wire Payments
Wire Payment History	Provides a report of historical wire payment transactions.
Template Maintenance	Enables you to create/modify/delete payment templates for beneficiaries you pay on a regular basis.
Wire Payment Import	Enables you to upload full or partial payment information to create wire payment transactions.
Wire Payment Export	Enables you to download wire payment transactions or wire payment templates.
Wire Memos	Provides the ability to correspond directly with the Bank’s Payments Department.

If a function has been assigned to the service, a check mark will be displayed in the Assign column next to the function.

Note: To add or remove access to services with an x or a check next to them you must contact your Relationship Manager.

Accounts belonging to the Wire Payments service:
This section of the Wire Payments Service Information page lists all accounts that have been set up for the Wire Payments service. You may click on an Account Number to see details of an individual account.

Note: To add or remove accounts from the Wire Payments service, please contact your Relationship Manager.

Related Topics

Help Index

Getting Additional Help

My Services

Wire Payments from Templates

One Time Wire Payments

Wire Payment History

Template Maintenance

File Upload – Wire Payments

File Download – Wire Payments

File Download – Wire Payment Templates

Wire Memos