What happens if I don’t pay my minimum monthly installment payment in full by the payment due date or I make a late payment?
If we don’t receive payment of your minimum installment payment each month by the payment due date on your statement, your installment plan will automatically be cancelled.
The outstanding remaining balance on your installment plan will be re-applied to your regular balance on our account. You will still be required to pay the remaining outstanding balance.
If that happens, the remaining outstanding installment balance under your installment plan will incur interest at the annual interest rate that applies to purchases on your account until it is paid in full.
When are my monthly Scotia SelectPay installment payments due?
Can I prepay my future installment payments? (The word prepay means making extra payments or paying off the entire outstanding installment balance.)
What happens if I pay off my current balance in the mobile app or balance owing on Scotia OnLine?
Why did Scotiabank cancel my installment plan?