One Time Requests for Transfer

The Request for Transfer service provides a fast, easy and convenient way to initiate payments from your accounts domiciled at virtually any financial institution in any country in the world.

The Request for Transfer service allows you to:

• Move funds between your own accounts at other banks
• Initiate payments from your own accounts at other banks to third parties
• Draw-down funds from your own or subsidiary accounts at other banks to your operating accounts in Canada

Note: Scotiabank is strictly a pass through point for MT101 Request for Transfer messages and takes no responsibility for affecting these payments or cancellations. To cancel, amend or trace payments, you must deal directly with the financial institution where the debit account is held.

Navigate to Payments and select Requests for Transfer in the sub-menu, then choose the Create One Time tab.

1. From the drop down list, select the Debit Account you would like to make the payment from.

   Note: The 'Account With' field at the bottom of the One Time Request for Transfer page will specify the financial institution where the debit account is held. This field will automatically be populated based on the debit account selected.

2. The Execution Date, which is the date the Ordering Customers account will be debited, defaults to the current date. Using the calendar field you can change the date for the payment to be executed up to 30 days in the future.
3. The Ordered by field displays the name of the account owner ordering movement of funds from their account. This field will automatically be populated based on the debit account you have selected.

   Note: The full name and address of the Ordering Customer will be displayed at the bottom of the Create One Time Request for Transfer page.

4. You must provide an Amount and Currency for the payment:
   • You can enter the Payment Amount (i.e. the amount to be transferred) and select the Currency from the drop-down list.
     
     OR
   • You can select the Currency for the payment and enter the Original Currency and Original Amount. For example, you may instruct the other financial institution to debit USD 100.00 (the original amount) and transfer the equivalent CAD 160.00 (the transaction amount) to another of your accounts.
5. For cross currency payments, an Exchange Rate and Rate Reference must be entered.
   • If you have not booked a foreign exchange contract, the exchange rate should be entered as 0.00 and the Rate Reference should be entered as SPOT. The receiving financial institution will apply the spot rate when your transaction is processed.
   • If you have booked a foreign exchange contract and you enter the rate and reference number, you must specify the payment amount and currency and the original amount and original currency.
6. From the Treatment of Charges drop-down, indicate which party will bear the applicable charges for the transfer of funds. All transaction charges can be one of the following:

   BEN – Covered by the beneficiary

   OUR – Covered by the ordering customer

   SHA – Covered by the beneficiary except the servicing

7. In the Debit Charges to: field, enter the ordering customers account number to which transaction charges should be separately applied if other than the debit to account.
8. Enter the Name and Address of the Beneficiary.
9. Enter the Beneficiary’s Account Number.
10. Using the Search function, select the Beneficiary Bank:
    1. Click on the “Search” button by the Beneficiary Bank label. You’ll be on a separate page to fill in the details you know.
    2. Enter at least the first two characters of the Bank Name.
       OR
       Select a Bank ID Type (ABA, BIC, CPA Bank/Transit or SWIFT) from the drop-down list and enter a corresponding code to search for.
    3. Click on the “Search” button, then the results will populate back on this form for you.
11. You may choose to enter the following Optional Information:

    Information to Beneficiary –
    This optional information may be used to enter transaction details intended for the beneficiary customer. You may enter up to 4 lines of 35 characters.

    Regulatory Reporting –
    This optional information can contain the values for the statutory and/or regulatory information required by the authorities in the country of the Receiver or Sender/Originating Customer.

    Note: We will advise you if and when any information is required for the locations you are sending payments to.

    Instructions –
    This is an optional field and will only be used as directed by a recipient depending upon acceptance or non-acceptance by the executing bank. For example, one of the available options calls for payment to be made by cheque rather than by wire. Depending on the executing bank, they may or may not support such payments. For details on the various options available, refer to instruction codes below.

    Internal Memo –
    This field is for your internal use only. Information that is entered will not be sent with the payment, but will be displayed on transaction reports and included when you download your wire payment transactions.

12. When you have finished entering the required information, click on the “Save” button at the bottom of the page. If all required information was entered correctly, the following message will appear: ‘Creation Successful’

You can repeat steps 1 to 12 to enter another payment.
Or, click on the “Done” button if you do not want to enter additional payments.

When you click on Done, the Pending Requests for Transfer page will appear with the payments you have entered listed on the bottom half of the page. The payments will be in ‘Entered’ status and must be approved by at least one authorized user before they can be submitted to the Bank.

Note: The following characters should not be used when entering payment instructions:

+   &   *   #    @   ;   !   $    %   ^   _   =   :    <   >    {   }   [   ]   \   

These are invalid SWIFT characters and if they are entered, an error message will be returned.

The following codes may be selected in the Optional Information section to provide further instruction.

CHQB: This transaction requests that the beneficiary be paid via the issuance of a cheque.

CORT: This transaction is a payment that is made in settlement of a trade (e.g. foreign exchange deal, securities transaction).

INTC: This transaction is for an intra-company payment (e.g. a payment between two companies belonging to the same group).

NETS: This payment should be settled via a net settlement system if available.

RTGS: This payment should be settled via a real-time gross settlement system if available.

URGP: This is a time-sensitive payment that should be executed in an expeditious manner.

PHON: This transaction requires that the beneficiary be contacted by telephone. An appropriate telephone number must be included in the sub-field. This instruction is meant for the last financial institution in the chain.

OTHR: Used for bilaterally agreed codes/information. The actual bilateral code/information must be specified in the second sub-field. The following codes may follow: ‘DMST’ for domestic and ‘INTL’ for international.

Please note, the following combinations are not allowed:

• CHQB with URGP
• CHQB with RTGS
• CHQB with NETS
• CHQB with PHON
• NETS with RTGS

• Requests for Transfer from Template
• Pending Requests for Transfer
• Requests for Transfer History
• Requests for Transfer Import