(February 25 – 09:50 ET) – Scotiabank is encouraging its customers to use the internet and telephone banking to make last-minute RRSP contributions if they can’t get into a branch in time.
“Customers can enjoy the convenience of shopping at home for GICs and mutual funds for their RRSPs,” says Bob Grant, Scotia’s vice president of Internet Banking.
RRSP contributions can be made through both TeleScotia telephone banking and ScotiaOnline Internet banking services. “Over the phone, customers can talk to a personal investment manager for advice, open an RRSP account and set up an RRSP loan or line of credit,” says Grant.
“As well, some customers may use a mix of delivery services. They might do their research online, then arrange an RRSP line of credit over the phone, and then go into a branch to talk with one of our investment specialists.”
For those who can’t decide what to do with their contribution Scotia suggests stashing the money in a GIC or money market fund before the deadline, then making investment decisions later.
-IE Staff