Account Fees at a Glance

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Effective January 1st 2015, some account features and service fees will be changing. Learn More

Monthly Recordkeeping Options and Fees
(refer to "Additional Recordkeeping Services and Fees" for other related services.)
Personal Deposit Accounts Monthly Account Fee Paperless Paper Statement Paper Statement with Cheque Image Return Passbook
Basic Banking Account $3.95/month No charge No charge No Charge $2.00/month
Basic Banking Plan $9.95/month No charge $2.00/month $2.50/month $2.00/month
Scotia Moneyback Account $14.95/month No charge $2.00/month $2.50/month Not Available
Scotia One Account $12.95/month No charge $2.00/month $2.50/month $2.00/month
Getting There Savings Program No Charge No charge No charge No charge No charge
Student Banking Advantage Plan No Charge No charge No charge No Charge $2.00/month
Savings Accelerator Account No Charge No charge Not Available Not Available Not Available
Money Master Savings Account No Charge No charge $2.00/month Not Available Not Available
Scotia Power Savings Account No Charge No charge Not Available Not Available Not Available
Scotia U.S. Dollar Daily Interest Savings Account $1US per month/Waived with $200USD minimum daily balance Not Available No charge U.S. $2.50 No charge
Scotia Euro Daily Interest Savings Account €1 per month/ Waived with a €200 minimum daily balance Not Available Not Available Not Available No charge
Fees for ABM Services
Cash Advance Fee
(VISA cash advance at Scotiabank ABM)
$2.501
Interac Fee
(Withdrawal from chequing or savings account at another bank's ABM in Canada)
$1.501
Interac Fee
(VISA cash advance at another bank's ABM in Canada)
$2.501
VISA or PLUS System
(Withdrawal from chequing or savings account at another bank's ABM within the U.S.)
$3.001
VISA or PLUS System
(Withdrawal from chequing or savings account at another bank's ABM international and the U.S.)
$5.001
VISA or PLUS System
(VISA cash advance at another bank's ABM international)
$5.001

Scotiabank's membership in the Global ATM Alliance means you pay no surcharges or access fees when you withdraw cash at select bank ATMs around the world.

General Fees
Each Canadian or U.S. Dollar Money Order for Scotiabank customers $7.50
Each Canadian or U.S. Dollar Money Order for non-Scotiabank customers $15.00
Each draft, any currency for Scotiabank customers $7.50
Each draft, any currency for non-Scotiabank customers $15.00
Exchanging rolled coin for non-Scotiabank customers $2.00 per $100.00
($2.00 minimum fee)
Processing postdated deposit $5.00 per deposit
Processing mailed-in deposit $2.00 per deposit
Regular American Express Travellers Cheques 1.25% commission of face value
($3.00 minimum fee)
American Express Cheques for Two®
(available in U.S. Dollars only)
1.75% commission of face value
($3.00 minimum fee)
American Express Gift Cheques
(available in Canadian Dollars only)
3.00% commission of face value
($3.00 minimum fee)
Other Optional Services/Features & Fees
Bank The Rest Program FREE
SCENE Loyalty Rewards Program
(The Scotia Moneyback account is not eligible for the SCENE Loyalty Rewards Program)
FREE
Access fee for Scotia OnLine Financial Services, Scotiabank® Mobile Banking Services, TeleScotia, Interac Online, Scotiabank ABMs
(Self-Service banking access not available for the Euro Daily Interest Savings Account, Mobile Banking Services not available for U.S. $ Daily Interest Account or the Euro Daily Interest Savings Account)
FREE
Each assisted telephone transaction $1.50
Scotia InfoAlerts FREE
Each Interac e-Transfer $1.00
Each Cross Border Transfer $1.00
Overdraft Protection fee for each month the account is overdrawn (subject for approval) $5.00
Cheque and Payment Processing Service Fees
Certified cheques
At your request: $15.00
At your holder's request: who is a Scotiabank customer $15.00
who is not a Scotiabank customer $25.00
Stop payment of cheque or pre-authorized debit
If details are complete: $12.50
If details are incomplete:
$20.00
Cheque processed in foreign currency on a Canadian Dollar account where the Canadian equivalent of the cheque amount is
Under $1,000: $10.00
$1,000 and over: $15.00
Cheque processed on your account where your account and bank identification numbers are not fully MICR-encoded $5.00
Cheque or other debit item returned for insufficient funds (NSF) $45.00
Each cheque or pre-authorized debit deposited and subsequently returned (for third part items deposited to your account) No Charge
Each non-government cheque cashed by a non-Scotiabank customer $5.00
Teller-assisted bill payment
Processed through a Scotiabank account: No Charge
(debit transaction fees apply)
Paid in cash: $3.00
Paid by cheque drawn from another financial institution: $3.00
Personalized Cheques - Available Free of Charge, once every 12 months from date of last order.
Account Cheque Style Singles
Scotia Value3 Scotia Basics 50
per order

Prices for personalized cheques on all other accounts that offer chequing services vary depending upon the cheque style and quantity. Details are available at your branch. Please note that cheques are subject to applicable taxes.

Transfer Fees
Each automatic pre-arranged transfer of funds between your Scotiabank personal Canadian Dollar deposit account (debit transaction fee applies) Free
Each manually processed pre-arranged transfer of funds between your Scotiabank personal deposit accounts (debit transaction fee applies where applicable) $1.50
Each transfer by branch staff between your Scotiabank personal deposit account due to telephone/fax/mail request, or to cover cheques (debit transaction fee applies) $4.50
(optional Advice $5.00)
Transferring a Scotiabank account balance to another financial institution $20.00
Incoming Wire Transfer fees
Incoming Wire Transfer identified as a Pension Payment in the payment message $1.50 per transfer*
All other Incoming Wire Transfers $15.00 CAD/USD per transfer*

*All fees are charged in the currency of the account

Search Fees
If you need help updating your personal banking records, we provide the following services:
Balance inquiry No charge
Each letter or form prepared at the customer's request (minimum $15 charge) $30.00 per hour
If you ask us to retrieve an image of a cheque cleared through your account, the cheque image retrieval fees are as follows: For each cheque image (front and back) retrieval within 90 days from the date the cheque was posted to your account: $3.00
If you ask us to retrieve an image of a cheque cleared through your account, the cheque image retrieval fees are as follows: For each cheque image (front and back) retrieval request after 90 days from the date of the cheque was posted to your account: $5.00
If you ask us to search our records for any transaction or item not listed above or if we are required to respond to a legal search warrant by a third party about your transactions, the fees are as follows:
If the request is no more than 90 days from the date of the transaction
$10.00 per item
If the request is after 90 days from the date of the transaction (minimum $15 charge)
$30.00
per hour per employee
Account Closing Fees
Account closed within 90 days of opening $20.00
Additional Recordkeeping Services and Fees
Passbook update at selected automated banking machines No Charge
Each Passbook Statement
(Automatically generated after 50 transactions have been processed through a passbook account without a passbook update)
$2.00
Each copy of account statement $5.00
Each in-branch record of activity in your account since the last statement $1.00
Each Paper Statement mailed to Branch for pick-up $5.00
Scotia OnLine Cheque Image Viewing - View electronic images of cheques cleared through your account within the last 90 days $1.50 or Free with Paperless Recordkeeping
ABM Mini Statement $0.75
ABM Bill Payment History Printout $0.75
Each advice of transaction sent by mail or fax $5.00
Inactive Accounts Fees
After two years notice of inactivity $20.00
After three years notice of inactivity $20.00
After four years notice of inactivity $20.00
After five years notice of inactivity $30.00
After six years notice of inactivity $30.00
After seven years notice of inactivity $30.00
After eight years notice of inactivity $30.00
Nine year notice of transfer to Bank of Canada.
The nine year notice of transfer to the Bank of Canada does not apply to U.S. dollar and Euro accounts.
$40.00
Safety Deposit Box fees
Box Box Size Annual Fee**
A 1.5"x5"x24" $45.00
B 2.5"x5"x24" $65.00
B 3.5"x5"x24" $65.00
C 2.5"x10.375"x24" $90.00
C 5"x5"x24" $90.00
D 5"x10.375"x24" $150.00
E 10"x10.75"x24" $255.00
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