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The Bank of Nova Scotia Berhad

The Bank of Nova Scotia Berhad, a wholly-owned subsidiary of Scotiabank, is one of the premier financial and banking services providers in Malaysia. With its roots stemming from Canada, the bank offers a host of financial services, including and not limited to treasury services, operating account services, term loans, project financing, revolving credits, to name a few. It also offers private banking services, including savings and current accounts.

The Bank of Nova Scotia Berhad is strategically located in Kuala Lumpur, Malaysia.

List of Services

The Bank of Nova Scotia Berhad provides the following services:

  • Business Financial Services
  • Personal Financial Services

List of Products

  • Basic Savings Account: You can open a basic savings account at The Bank of Nova Scotia Berhad. An initial deposit of RM20 is required to open a savings account. The minimum amount has to be maintained at all times. An interest of 2.05% p.a. is calculated on a day-to-day basis. The interest rate is subjected to change at the bank’s discretion.
  • Basic Current Account: You can open a basic current account with an initial deposit of RM500. A minimum balance of RM1000 has to be maintained at all times. The bank may charge RM10 service fee every six months if the account balance is anything lower than RM1000. The bank provides free monthly statement of your account.

Headquarters’ Address

The Bank of Nova Scotia Berhad

Level 10, Menara Hap Seng 2, Plaza Hap Seng

No.1 Jalan P. Ramlee

50250 Kuala Lumpur

Malaysia

Phone numbers

For any general or product related queries, you can call or fax at:

Phone: 603-20523600

Fax: 603-20523700

Email Address

For banking related queries, drop an email at: bns.kualalumpur@scotiabank.com


FAQs

Q. Can a non-Malaysian open a savings account at The Bank of Nova Scotia Berhad?

A. Yes, he/she can open a savings account with the bank.

Q. Can the bank provide security to my savings account?

A. Your cash is eligible for protection under Perbadanan Insurans Deposit Malaysia (PIDM).

Q. Is there any minimum deposit required for opening a savings or current account?

A. Yes, but the amount varies from the type of account an individual is holding. Customers need to deposit a minimum amount of RM20 to open a savings account at The Bank of Nova Scotia Berhad. The minimum amount has to main be maintained at all times. To open a current account, a customer has to deposit an initial amount of RM500. A minimum account balance of RM1000 has to be maintained at all times for a current account.

Q. Where do I call for all banking related queries?

A. You can dial in 603-20523600 or fax 603-20523700 for all banking related queries.

Q. Where is the main branch in Malaysia located?

A. The main branch is located at Level 10, Menara Hap Seng 2, Plaza Hap Seng, No.1 Jalan P. Ramlee, 50250 Kuala Lumpur.

Q. What are the operating account services provided by the bank?

A. The bank offers the following operating account services:

  • Ringgit payment of correspondent banks
  • Draft drawings
  • Remittances
  • L/C remittances

Q. Can we apply for credit cards?

A. As of now, the bank doesn’t provide any credit card facilities.

Q. Do I need an introducer to open a savings account?

A. For savings account, you don’t need an introducer. However, to open a current account, an introducer is necessary.

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