Frequently Asked Questions

All you need to know about saving automatically with Bank The Rest

We're happy to answer any questions you may have about saving & investing with Bank The Rest.

What is the Bank The Rest savings program?

How do I enrol into the Bank The Rest savings program?

What do I need to enrol into the Bank The Rest savings program?

How does the Bank The Rest round-up work?

What if there are not enough funds in my account to complete a transfer to my Money Master account?

I make Point of Sale purchases from both of the accounts set up on my ScotiaCard. Will the round-up transfer apply to both of my accounts?

Is there a charge to enrol into Bank The Rest?

I have a joint account. Can I still enrol?

How can I see how much money I've saved?

How can I modify or cancel the program?

What happens if I return the item I purchased with my ScotiaCard?

I make debit transactions in the U.S. and when I'm abroad. Will those count towards the program?

What happens if I change or close my accounts?

What is the Bank The Rest investment option?

How do I enrol in the Bank The Rest investment option?

What do I need to enrol in the Bank The Rest investment option?

When do the funds get transferred from my Money Master Savings Account to my Scotia TFSA?

What if there are not enough funds in my Money Master Savings Account to process the transfer to my Scotia TFSA?

I don't have a Scotia TFSA. Can my round up amounts be transferred to another investment account?

Can I set up the Bank The Rest investment option if my Money Master Savings Account is joint?

If I cancel the Bank The Rest investment option, will it cancel my Bank The Rest savings program?

How can I see how much money I have saved through the Bank The Rest investment option?

What happens if I close my Scotia TFSA?

Can I have multiple Scotia TFSAs linked to the Bank The Rest investment option?

How will my Bank The Rest investment transactions appear on my Money Master Savings Account and Personal Portfolio statements?