Get Sit506 Electronic Funds Transfer (eft) Request Form

Filling out the SiT506 Electronic Funds Transfer (EFT) Request Form allows you to set up electronic transfers between your Scotia iTRADE account and your bank account. This guide provides a detailed, step-by-step approach to help you complete the form effectively, ensuring all necessary information is accurately submitted.

Follow the steps to complete the form correctly.

1. Click the ‘Get Form’ button to obtain the form and open it for editing.
2. In the first section, provide your Scotia iTRADE account holder information. Fill out your account holder name, Scotia iTRADE account number(s), co-account holder name (if applicable), and your address, ensuring it is not a P.O. Box. Additionally, include your city, province, and postal code.
3. In the banking information section, indicate the type of account you are using by selecting either chequing, savings, or joint account. Specify the currency as either Canadian Dollar or U.S. Dollar. Fill out the bank account holder name. It is essential to attach a personalized void cheque or provide a letter from your bank.
4. Enter the financial institution name and the institution code. If you have joint-account holders, both parties need to sign the form. For corporate accounts, proof of signing authority is mandatory. Provide the bank account holder's name if applicable, as well as the transit number and account number.
5. In the section regarding the type of transfers, check the options that apply to you, such as occasional one-time transfers or systematic transfers. Specify whether you are setting up new instructions or modifying existing ones. Note that you require at least 15 business days for any changes to process.
6. For systematic transfers, enter the amount you wish to transfer and choose the frequency of the transfers. This could be weekly, monthly, or quarterly, as indicated in the form. Ensure that each systematic transfer is for at least $100.
7. In the Easy Transfer Authorization section, indicate the type of transfer you would like to set up and follow similar instructions as before for frequency and amounts. Make sure to specify whether these instructions are new or a change to existing ones.
8. Lastly, sign the form where indicated. Both the bank account holder and co-account holder (if applicable) must sign and date the form to authorize Scotia iTRADE to process the transfers as per your instructions.
9. Once completed, you can save your changes, download, print, or share the form as needed. Ensure that you mail the completed form to Scotia iTRADE at the address provided.

Start your electronic funds transfer process by completing the SiT506 form online today.