Business Accounts
Keep your business finances on track, Scotiabank business accounts are designed to give you flexibility and control over your money.
Account details
| Account features | Fees |
| Monthly fee | $6.00 |
| Transactions2 per month | Cost per transaction |
| 1-15 | $1.25 |
| 16-50 | $1.15 |
| 51+ | $1.00 |
CHEQUING
Right Size Account for business
Monthly fee: $6.00
Convenience
Bank on your terms with online access
Reduced costs
Only pay for the transactions you make
Improved cash flow
No deposit fees on payment processing and get funds the next day with Chase Merchant Services.1
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
Account details
| Account features | Fees |
|---|---|
| Monthly fee2 | $38.00 |
| Included transactions per month | 110 |
CHEQUING
Scotia Professional Plan Plus Account
Monthly fee2: $38.00
Value
Competitive monthly fee
Convenience
Bank on your terms with online access
Improved cash flow
No deposit fees on payment processing and get funds the next day with Chase Merchant Services.1
Account details
| Account features | Fees |
|---|---|
| Monthly fee3 | $40.00 |
| Business transactions per month | 55 |
| Personal transactions per month | 50 |
CHEQUING
ScotiaOne Account Plan for agriculture
Monthly fee3: $40.00
Convenience
Bank on your terms with online access
Value
Competitive monthly fee1 for what you get.
Improved cash flow
No deposit fees on payment processing and get funds the next day with Chase Merchant Services.2
Account details
| Account features | Fees |
|---|---|
| Monthly fee2 | $3.00 |
| Transactions per month | 10 |
CHEQUING
Scotia Community Account Plan
Monthly fee2: $3.00
Low fees
Control cash flow with a low monthly fee
Convenience
Bank on your terms with online access
Improved cash flow
No deposit fees on payment processing and get funds the next day with Chase Merchant Services.1
Account details
| Account features | Fees |
|---|---|
| Monthly fee | $10.95 Monthly fee waived when the minimum monthly balance is $8,000 or over3 |
| Transactions2 per month | One free transaction for every $1,500 in the account |
CHEQUING
Basic Business Account
Monthly fee: $10.95
Canadian and US
Available in both Canadian and US Dollar accounts
Reduced costs
Account fees tailored to usage
Improved cash flow
get funds the next day with Chase Merchant Services.1
How to open a business account in Canada
If you are starting a new business, one of the first steps is to open a business account. It will help establish credibility for your business, while managing cash flow in and out. It will also help you build credit history.