Scotialine Personal Line of Credit STEP

Right for you if:

  • You want access to money whenever and wherever you need it

  • You want a personal line of credit that fits in your wallet

  • Overview

  • Combines high credit limits and very competitive rates

  • Minimum payments could be as low as interest only2

  • Use ScotiaLine cheques to transfer balances or pay for large purchases

  • Instant cash advances at ABMs in Canada and worldwide

  • Enjoy special discounts

  • Notice: Important Changes to Scotiabank Line of Credit Accounts

    Effective as of August 1, 2016, some of our fees and terms will change.  More details.

    Plus

    • Purchase security and warranty protection4
    • Regular cheques are free. Personalized cheques are available for purchase³
    • Itemized statements
    • Scotia Line of Credit Protection can mean providing the financial support that you may need during a difficult time

    Fees & Options

    Pay off your entire balance with

    No Penalty

    Payment could be as low as interest only²

    Minimum monthly

    Details & Fees

  • Secured minimum credit limit: $20,000

  • No cash advance fee when using your VISA access card at any Scotiabank ABM

  • Purchase Security and Extended Warranty protection on purchases made with your VISA access card or with your ScotiaLine cheques4

  • For current rates1 and information on fees and interest, call 1-888-882-8958.

    ScotiaLine Personal Line of Credit Fees:

    Transaction Fees
    Dishonoured payment fee
    $48.00
    Non-sufficient funds fee
    $48.00
    Replacement sales draft, cash advance draft or monthly statement fee
    $5.00
    Overlimit fee
    $29.00
    Inactive fee
    $0.00
    Foreign currency conversion
    2.5%
    Balance transfer fee
    1% of the balance transfer amount
    Cash advance counter fee (any financial institution in Canada)
    $3.50
    Cash advance counter fee (financial institutions outside of Canada)
    $7.50
    ABM Fees
    Cash advance ABM fee (any Scotiabank ABM in Canada)
    $0.00
    Cash advance ABM fee (non-Scotiabank ABMs in Canada)
    $3.50
    Cash advance ABM fee (ABMs outside of Canada)
    $7.50

    Cheques & Cash Advances

    Use ScotiaLine Cheques to:

    • Transfer balances from gas and retail cards that charge higher interest rates.
    • Pay for a large purchase, insurance premiums, medical bills, or utility bills.

    Obtain cash advances at:

    • Over 1 million ABMs around the world displaying the VISA/PLUS symbols.
    • Over 55,000 ABMs displaying the INTERAC symbol in Canada, including Scotiabank ABMs.
    • Or, access your account with your ScotiaCard when you link the two together.
    By phone

    Takes just a few minutes
    Mon-Fri (9am-8pm)

    1 (888) 882-8958
    In person

    Make an appointment
    at your local branch

    Find a local branch
    Online

    5 easy steps, under 10 minutes,
    100% safe and secure

    Apply today