I use a third-party money management app or website to help manage my finances. How does Scotiabank’s 2SV security enhancement impact these third-party services?
At Scotiabank, our priority is to protect your information and ensure the security of your banking transactions. Our enhanced 2-step verification provides you with an added layer of security against identity theft and phishing attacks.
If you share your Scotiabank login credentials with third-party service providers, you allow them to have the same digital access to all your financial information that you do. Many of these third-party service providers store your information and login credentials, which could be compromised if they experience a security breach.
Please refer to your applicable cardholder agreement and Digital Access Agreement for further information. Once you have enrolled into the 2SV service, these third-party service providers may no longer be able to access your financial information at Scotiabank.