Right Size Account for businessMinimum monthly fee waived for 12 months1
Top reasons to choose this account
If you’re looking for a simple bank account that grows with your business that:
Saves you time with online and on-the-go access
Has a predictable monthly fee3 to help manage cash flow
Has no minimum monthly balance requirements and more
Monthly Record-keeping Options and Fees, for complete details review Your Guide to Fees and Interest Schedules.
|Core Account Features & Fees
|Number of transactions
||Minimum $6 per month
|Business Transactions||Fee Per Transaction
|Monthly fee waived
||If you’re a member of the Canadian Federation of Independent Business (CFIB) the minimum $6 monthly fee is waived
|2 FREE movies
||Switch your business account to Scotiabank and get 2,000 points on a SCENE4 Card with the Get Growing Switch Program
|No interest is paid on this account.|
Helpful Account Services
Great services to help you manage your money
Free Scotia® InfoAlerts
Get an email or text notification every time money moves through your account.
Manage your money safely and efficiently with wire payments, Canadian and US dollar EFT payments (payables and receivables), pay your taxes, and more.Find out how
Have your paycheque, pension and more automatically deposited into your account and access your money right away.
Overdraft Protection for business
Manage everyday expenses knowing you won't be caught short of funds
Pay with your phone
Forgot your wallet? Use your smartphone to pay for small everyday purchases.
Interac debit card purchases, ABM cash withdrawals, bill payments (including pre-authorized debits), account transfers and cheques.
Eligible for CDIC Insurance5
For full details of coverage limitations, refer to the CDIC brochure. Protecting Your Deposits (38kb), or ask for a copy at your Scotiabank branch
Your Guide to Fees and Interest Schedules
Monthly Record-keeping Options and Fees, for complete details review Summary of Account Fees
Subject to eligibility. Offer available to new Scotiabank Small Business Banking customers only. New customers must open a new Right Size Account for business and meeting the following:
- Hold another Small Business product (excluding: Cash Management products/services, Mutual Fund, ScotiaLife Insurance, Scotia Professional Student Plan, Scotia Fastline for business, and Partner offerings (Chase Paymentech & ADP);
- Complete a minimum of 3 transactions through any channel in the last 90 days. (Transactions include: Point Of Sale; Cash Withdrawal at branch, or ATM Bill payment at: Branch, Online banking, or mobile; Cheque; Pre- Authorized Debit; Payroll payment; Pre-Authorized Credits; Any other deposit.)
Customer will receive a credit to their account for the value of minimum monthly fee for the previous 12 months. Other additional fees may apply, as identified on Your Guide to Fees and Interest Schedules. Offer is available to customers whether they sign up online or in-branch.
Chase and the Octagon logo are registered trademarks of JPMorgan Chase Bank, N.A. Deposit fees are waived for Chase Merchant Services customers using selected Scotiabank Business Accounts. The Basic Business Account is excluded. Refer to Your Guide to Fees and Interest Schedules. Customers are subject to a transaction fee for each of their Visa*, Mastercard® and Interac® deposit transactions if they process payments with a service provider other than Chase Merchant Services . Next-day funding is available to Chase Merchant Services customers for Visa, MasterCard and Interac card transactions only. Next-day funding is subject to merchant credit approval and all funds are subject to fraud monitoring. Qualifying funds are deposited on the next business day, excluding weekends and bank holidays.
Next-day funding is available to Chase Paymentech customers for Visa, MasterCard and Interac card transactions only. Next-day funding is subject to merchant credit approval and all funds are subject to fraud monitoring. Qualifying funds are deposited on the next business day, excluding weekends and bank holidays.
Refer to Your Guide to Fees and Interest Schedules for transaction and service types that qualify for the tiered pricing structure. Additional deposit contents and sundry service fees apply
SCENE members can redeem 1,000 points for a free General Admission movie ticket.
Only deposits held in Canadian currency up to a maximum amount of $100,000, having a term of five years or less and payable in Canada are insurable under the Canada Deposit Insurance Corporation Act.