Scotiabank® Momentum Banking Bundle Offer

Terms & Conditions

You could get up to $400 more in cash rewards and the annual credit card fee waived for the first year by opening all of the following Scotiabank accounts: a new Scotiabank Momentum® Chequing Account, a new eligible Momentum® Visa* Credit Card account and a new Scotiabank MomentumPLUS Savings Account (a “MPSA”) (each of the foregoing, an “eligible account”) and meeting all of these Terms and Conditions. Individuals who are holders of all eligible accounts in accordance with these Terms and Conditions have completed the “Momentum Banking Bundle”. 

General Terms 

1. This Scotiabank® Momentum® Banking Bundle Offer (the “Momentum Bundle Offer”), includes the $50 MomentumPLUS Savings Account Offer, the $150 Momentum Chequing Account Cash Offer, the Scotia Momentum® Credit Card Offer, and the $50 Momentum Bundle Bonus Offer (each, an “Offer”), all as described in further detail below. 

2. This Momentum Bundle Offer is available starting November 1st, 2017 and will end February 28th, 2018 (the “Offer Period”). 

3. You must be a Canadian resident to be eligible for any Offer. 

4. Limit of one Momentum Bundle Offer per account. 

5. This Momentum Bundle Offer (or any of the Offers) may not be combined with any other offers. 

6. For joint bank accounts, only the named primary account holder on the account will be awarded the additional cash rewards part of the Momentum Bundle Offer. The application of the cash Offers to a joint eligible account may allow the other joint accountholder to become aware that you have other products with Scotiabank. By applying for, or accepting an offer, you consent to the offer being applied to the joint eligible account. Speak to your Scotiabank representative for more details. 

7. To receive a bonus under any Offer, all eligibile accounts must be open and in good standing at the time the Offer is awarded. 

8. An eligible Momentum® Visa* credit card account includes a Scotia Momentum® No Fee Visa*, a Scotia Momentum® Visa* card, or a Scotia Momentum® Visa* Infinite card. Credit card accounts are subject to credit review and approval. For joint eligible Momentum Visa credit card accounts, a maximum of 1 bonus for each Offer will be applied to that account. 

9. Momentum Bundle Offer applies to personal accounts only (excludes small business, corporrate or commercial accounts). 

10. All rates and fees are subject to change. Scotiabank may change, withdraw or cancel this Momentum Bundle Offer (or any of the Offers) at any time without notice. Please visit www.scotiabank.com/momentumbundle for the most up-to-date terms and conditions. 

 

$50 MomentumPLUS Savings Account Offer (the”$50 MPSA Offer”) 

11. Receive $50 when you: 

i. Open a new MPSA and become the holder of all three eligible accounts within the Offer Period; and 

ii. have a minimum balance of $5,000 on your new MPSA at the end of day, February 28th, 2018. 

12. Individuals who were holders of a Scotia Momentum Savings Account or a MPSA prior to the start of the Offer Period are ineligible for this $50 MPSA Offer. 

13. The $50 bonus will be credited to your Scotiabank Momentum® Chequing account on May 31st, 2018. 

 

$150 Momentum Chequing Account Cash Offer (the "$150 Offer") 

14. Receive $150 when you: 

i. Open a new Scotiabank Momentum Chequing account and become the holder of all three eligible accounts within the Offer Period; and 

ii. within 60 days of opening your Scotiabank Momentum Chequing account within the Offer Period and no later than March 31st, 2018, you set up on your bank account: 

a. 1 pre-authorized payroll deposit; or 

b. 2 pre-authorized transactions of at least $25 each, 

where a “pre-authorized transaction” means a pre-authorized debit or a pre-authorized credit

15. All pre-authorized transactions must occur within the same month and must be set up to clear the bank account at least once per month. 

16. The $150 Offer will be credited to your Scotiabank Momentum Chequing account on May 31st, 2018. 

17. Employees of Scotiabank and individuals who are/were previously holders or joint holders of an eligible account, Scotia® Moneyback™ Account, Scotia One™ Account, Basic Banking Account, Basic Banking Plan, or Scotia Value® Account, are not eligible for this $150 Offer. 

 

Up to 5% Cash Back (up to $150 ) and Credit Card Annual Fee Waived for the first year on eligible Scotiabank Momentum® credit cards (the “Scotia Momentum® Credit Card Offer”) 

18. All credit card offers may be changed or extended and cannot be combined with any other offer. 

19. All rates and fees are as of November 1st, 2017 and subject to change.  

20. Offer applies to new eligilble Scotia Momenum credit card accounts (each an “Account”)only opened by February 28, 2018.  

21. Applicable terms and conditions of this Scotia Momentum® Credit Card Offer are based on the credit card type and are as follows:  

a) Scotia Momentum® Visa Infinite* credit card 

i. You will earn 5% cash back on the first $3000 posted to your new Scotia Momentum® Visa Infinite* card account (the “Account”) beginning on the Account open date and ending 3 months after that date or when you reach the maximum cash back threshold of $150, whichever comes first. You will earn regular cash back on purchases made after you have reached the $3000 maximum in the first 3 months or after the 3 month promotional period has expired, whichever comes first. The bonus cash back amount will be applied to your Account within 2–3 months after the 3 month offer promotional period ends, so long as your Account is open and in good standing. See full terms and conditions of the Scotia Momentum® Visa Infinite* Cash Back Program Terms and Conditions for full details and that continue to apply to this offer.

ii. We will waive the initial annual fee for the primary card and each additional supplementary card for the first year on the Account. Any additional supplementary cards must be issued by February 28, 2018, to qualify for the offer. The preferred annual fee is $99 for the primary card and $30 for each additional supplementary card.

b) Scotia Momentum® Visa *credit card 

i. The introductory 2.99% interest rate applies to cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions) only. This rate applies when the new Scotia Momenumtum Visa credit card account (“Account”) is opened and will continue for 6 months from that date (“the Promotional Period”). After the Promotional Period, the 2.99% interest rate on any promotional balances (including any that remain unpaid after the Promotional Period ends) will increase to the preferred interest rate on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions) that applies on your Account. This offer cannot be used to transfer a balance from another Scotiabank account, or to make a payment or deposit to another Scotiabank account. 

ii. The preferred annual interest rates for the Account are: 19.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions). 

iii. A 1% Promotional Rate Fee (minimum fee of $3.50) will be charged on the amount of any promotional rate cash advances (which includes balance transfer, Scotia® Credit Card Cheque and cash-like transactions) that is subject to this offer.

c) Scotia Momentum® No Fee Visa* credit card 

i. The introductory 7.99% interest rate applies to purchases only. This rate applies when the Scotia Momentum No Fee Visa credit card account (“Account”) is opened and will then continue for 6 months from that date (the “Promotional Period”). After the Promotional Period, balances that were incurring interest at the rate of 7.99% (including any unpaid balances) will increase to the preferred annual interest rate for purchases on your Account.

ii. The preferred annual interest rates for the Account are: 19.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions). 

 

$50 Momentum® Bundle Bonus Offer (the “$50 Momentum Bonus Offer”) 

22. You will receive the $50 Momentum Bonus Offer if: 

i. you have all three eligible accounts and at least one of those eligible accounts was opened within the Offer Period; and 

ii. within the Offer Period and no later than March 31st, 2018, you set up on your bank account: 

a. 1 pre-authorized payroll deposit; or 

b. 2 pre-authorized transactions of at least $25 each, 

where a “pre-authorized transaction” means a pre-authorized debit or a pre-authorized credit

23. All pre-authorized transactions must occur in the same month and must be set up to clear the bank account at least once per month. 

24. You are not eligible for this $50 Momentum Bonus Offer if, prior to the Offer Period, you were a holder of all three eligible accounts and/or already had a pre-authorized transaction set up on your bank account. 

25. The $50 Momentum Bonus Offer will be credited to your Scotiabank Momentum Chequing account on May 31st, 2018. 

 

® Registered trademark of The Bank of Nova Scotia 

TM Trademark of The Bank of Nova Scotia. 

* Visa Int. / Licensed User.