Overdraft Protection

For your peace of mind.

With Overdraft Protection, your cheques, withdrawals, pre-authorized payments and point-of-sale payment purchases are honoured up to your predetermined overdraft limit1. That way you'll never have to worry about a post-dated cheque or unexpected expense. You're automatically covered.

A financial safety net when you need it.

Don't get caught short. Here's why Overdraft Protection makes so much sense:

  • Only a nominal charge applies for each month you carry a balance.
  • You can arrange the limit that suits you best from $250 to $5,000.
  • It's available for most personal chequing and savings accounts when you maintain a positive balance for 24 consecutive hours every 30 days.
  • A one-time fee is all it takes to activate the service.


Overdraft Protection can make overdrawn charges an expense of the past. Arrange for yours today by visiting your Scotiabank branch.

1Subject to credit approval.