TORONTO, ON - July 31, 2014 /CNW/ - Scotia iTRADE® has introduced enhanced services, which will allow direct investors to easily access and manage their DRIP (Dividend Reinvestment Plan) and DPP (Dividend Purchase Plan) online and through the Scotia iTRADE trading app for iPad.

"As an industry innovator, we're continuously striving to enhance the online experience by better enabling direct investors to self-serve their accounts," said Susi McCord, Managing Director of Business Development at Scotia iTRADE. "We wanted to make managing DRIP and DPP eligible securities as convenient as possible for our clients -- and these enhancements do just that."

"DRIP and DPP is an excellent way for direct investors to gain the most out of their dividend investments by purchasing additional shares, commission-free. It's exciting that our clients will now have a fast and easy way to manage their DRIP and DPP investments -- conveniently online and on their iPads."

The DRIP and DPP enhancement is the latest in a long list of client-empowering innovations from Scotia iTRADE. In May, the online brokerage service added Realized Gains and Losses (RGL) information to client accounts, enabling them to easily view their divested holdings for simplified year-end profit and loss calculation. 

Continuously seeking opportunities to optimize the client experience, Scotia iTRADE also offers investors access to daily Scotiabank and third party GIC rates online, providing clients with more investment choices should they choose to diversify their investment portfolio. With Scotia iTRADE and Scotiabank tablet integration, customers can now see their entire financial picture -- borrowing, banking and investing -- all on one screen with only a single sign-on. 

About Scotia iTRADE

Scotia iTRADE is Scotiabank's online brokerage service. At Scotia iTRADE, direct investors can choose from a range of trading platforms and benefit from low commissions, a variety of online tools and resources, as well as investor education customized by skill level. For more information please visit www.scotiaitrade.com.

Scotia iTRADE® (Order-Execution Only Accounts) is a division of Scotia Capital Inc. ("SCI"). SCI is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. Scotia iTRADE does not provide investment advice or recommendations and investors are responsible for their own investment decisions. ®Registered trademark of The Bank of Nova Scotia. Used under license.

®iPad is a trademark of Apple Inc., registered in the U.S and other countries.

About Scotiabank

Scotiabank is a leading financial services provider in over 55 countries and Canada's most international bank. Through our team of more than 86,000 employees, Scotiabank and its affiliates offer a broad range of products and services, including personal and commercial banking, wealth management, corporate and investment banking to over 21 million customers. With assets of $792 billion (as at April 30, 2014), Scotiabank trades on the Toronto (TSX: BNS) and New York (NYSE: BNS) Exchanges. Scotiabank distributes the Bank's media releases using CNW. For more information please visit www.scotiabank.com.

For more information please contact:
Devinder Lamsar 
Scotiabank Media Communications
E: devinder.lamsar@scotiabank.com 
T: (416) 933-1171