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ScotiaMAX Deposit Account

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ScotiaMAX Deposit Account

Scotiabank offers you the convenience of a transactional account for your day-to-day banking, and the security of a savings account to assist you in developing your savings habits. The savings account is meant to supplement your day-to-day banking account.

Features of a Transactional Account

  • A minimum deposit of $100 is required to open an account
  • Free monthly statements for easy record keeping
  • Interest is calculated on the minimum monthly balance and paid in April and October of each year
  • One flat service fee will allow you 20 free transactions per month
  • Account overdraft available subject to normal lending criteria
  • With your ScotiaCard, you can access your ScotiaMAX account via Internet banking, telephone banking, Scotiabank ATMs, any Scotiabank branch, Debit Point of Sale (POS) Machines, and any ATM worldwide displaying the Cirrus symbol
  • Deposit Insurance Corporation coverage

Features of a Savings Account

  • No monthly maintenance fee
  • Free monthly statements for easy record keeping
  • Interest is calculated on the minimum monthly balance and paid in April and October of each year
  • 2 free withdrawals per quarter
  • Fee is waived for the following additional transfers from the account:
    • Loan payments to Scotiabank
    • Transfers to Automatic Savings Plans
    • Transfers to another Scotiabank account
    • Payments for Safe Deposit Lockers
    • Transfers to accounts in your name within the Scotiabank Group
  • With your ScotiaCard, you can access your ScotiaMAX account via Internet banking, telephone banking, Scotiabank ATMs, any Scotiabank branch, Debit Point of Sale (POS) Machines, and any ATM worldwide displaying the Cirrus symbol
  • Deposit Insurance Corporation coverage

Opening your ScotiaMAX account is easy. Contact us for more information about this product and how you can easily transfer your existing business to Scotiabank.



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