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Business Banking
Our Business Advisors and Healthcare & Professional Specialists will work with you to understand your business banking needs and provide you with relevant advice, tools, products and services to help your business thrive.
Banking solutions for your business
Account details
| Account Features & Rates | |
|---|---|
| Currency | CAD |
| Minimum balance to earn interest | $10,000 |
| Maximum account balance | $2,000,000 |
| Progressive Tiers ($ CDN Amount)4 | Applicable Interest Rate5 (p.a.) |
| $2,000,001.00 & over | 0.00% |
| $1,000,000 - $2,000,000 | 2.15% |
| $200,000 - $999,999 | 2.10% |
| $100,000 - $199,999 | 1.75% |
| $1 - $99,999 | 1.50% |
† Interest earned will be the sum of corresponding interest earned for each tier.
For funds exceeding $2,000,000, speak to your advisor about other investment options better suited for your business.
SAVINGS
Right Size Savings
for business
Interest rate starts at: 1.50%
SPECIAL OFFER
Earn up to 3.35% interest for 4 months6 when you open a new account. Grow your savings with our simple and convenient savings account.
Account details
| Select Account for business | ||||
|---|---|---|---|---|
| Features | Plan A | Plan B | Plan C | Unlimited |
| Monthly Plan Fee3 | $20 | $40 | $75 | $120 |
| Monthly Plan Fee Rebate with Minimum Balance4 | $20,000 | $35,000 | $45,000 | $75,000 |
| Transactions5 | 25 | 70 | 125 | Unlimited |
| Deposit items6 | 50 | 60 | 85 | Unlimited |
| Cash Deposits7 | $6,000 | $8,000 | $10,000 | $30,000 |
| Additional Transaction Fee | $1.50 | $1.50 | $1.50 | $0 |
| Additional Items deposit fee | $0.25 | $0.25 | $0.25 | $0 |
| Additional Cash Deposit Fee (For every $1,000) | $2.60 | $2.60 | $2.60 | $2.60 |
CHEQUING
Select Account for business
Monthly fee3 starts at: $20.00
Simple
Easy-to-understand pricing
Plan options
To suit your transaction needs.
No monthly plan fee
If you maintain minimum balance every day of the month.3
Scotiabank Lawyer Banking Program
The Scotiabank Lawyer Banking Program offers customized financial advice and solutions to help you achieve all your personal and professional goals.
Upcoming changes to Scotiabank Credit Cards, visit 
Start building your financial solution here:
Try our Business Solutions builder to discover which products and services best meet your needs.
Tailored solutions that empower you and your business
The Scotiabank Women Initiative
Supporting women-owned, women-led businesses with the resources and tools needed to help accelerate their businesses.
Banking for Healthcare & Professional Specialists
Our team of specialists provides comprehensive financial planning, banking advice and solutions specific to the needs of busy professionals.
Black-Led Business Financing Program
Supporting Black-led businesses through access to financial solutions, advice, and the benefit of offers from Bank partners.
Let's get started!
Talk to a Business Advisor
Have a question?
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Scotiabank is a trade name used by the Bank of Nova Scotia, a CDIC member.