Scotiabank has announced changes to its retail deposit account suite in St. Vincent and the Grenadines, effective February 1, 2015.

The changes cover deposit account fees and features and are intended to ensure that accounts match customers’ changing needs while also encouraging the use of more convenient banking channels.

Customers can see the new account features online at www.svg.scotiabank.com as well as displayed in branches.

Country Manager Fitzaudy Wright explained says these changes will simplify the features and fee structure of our accounts so they will be better suited to what customers are using the accounts for – whether saving or regular transactions.

He says they will be tailored to suit how our customers prefer to do their banking – whether in the branch, via ATM, online or mobile.”

The changing banking habits of the modern customer are in focus, with Scotiabank making it more convenient and cost effective to use their online and mobile banking products.

Mr. Wright said the bank is also introducing other incentives for using self-service banking channels by introducing unlimited free transactions via online, mobile or ATM on several accounts and removing charges for using ATMs on transactional accounts.

However, Mr. Wright pointed out that even with the self-service banking thrust, Scotiabank is still dedicated to serving their customers who want the added flexibility of in-branch banking through its Total Access Accounts.