FACT CHECK: Is This A Real Poster Indicating Scotia Bank Is Going Digital?

Christine Sellers | Fact Check Reporter

A post shared on Facebook purports to show a poster indicating Scotia Bank upgraded and transitioned all bank accounts to digital as of Apr. 1.

Verdict: False

The poster is digitally altered. The original version of the poster was published in a May 2021 My Cariboo Now article indicating the Scotia Bank in Quesnel was temporarily closed due to an employee testing positive for COVID-19.

Fact Check:

Scotia Bank economist Derek Holt criticized Canadian Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland’s over $32 billion federal budget, according to Bloomberg. Holt said the budget is “divisive” and represents “an assault on relatively wealthy folks,” MPA Mag reported.

The post shows a notice outside of a Scotia Bank branch announcing all accounts would become digital. (RELATED: Did A WEF Insider Admit The Silicon Valley Bank Crash Is A ‘Great Reset Scam?’)

“We are in the process of upgrading and transitioning all banking accounts to DBA (Digital Bank Accounts) by April 1st 2023 no action is required on your part,” the poster purports. The sign also indicates the bank is “temporarily closed” and is expected to reopen on Apr. 1, 2023.

The poster is digitally altered. The original version of the poster was published in a May 2021 My Cariboo Now article indicating the Scotia Bank in Quesnel was temporarily closed due to an employee testing positive for COVID-19. Both the original version of the poster and the article indicated the bank was set to reopen on May 10, 2021.

“The health and safety of our employees and customers is our top priority. We have temporarily closed our branch at 293 Reid Street in Quesnel, as one of our employees has tested positive for COVID-19. Under guidance from public health officials, the branch is undergoing a deep cleaning and will be closed temporarily,” a statement from the bank published in the My Cariboo Now article reads.

There are no credible news reports suggesting Scotia Bank is in the process of upgrading and transitioning all bank accounts to digital bank accounts by Apr. 1, 2023. Likewise, the claim neither appears on the bank’s website nor its verified social media accounts.

Check Your Fact has contacted Scotia Bank for comment and will update this piece accordingly if one is received.

Christine Sellers

Fact Check Reporter

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