Banking advice and solutions for retired dentists 

Banking that grows with you throughout your career 

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Banking solutions for retired dentists 

The Scotiabank Healthcare+ Dentist Banking ProgramΔ offers tailored advice and banking solutions for retired dentists to enable you to enjoy your retirement.  Let our team focus on your financial well-being so you can spend your valuable time on what matters most – your loved ones and yourself.

Personal Line of Credit 

  • Preferred interest rate of Prime -0.25%1
  • No annual fee

Scotiabank Ultimate Package

  • Monthly account fee waiver with no minimum balance required (approximate value of $371/year)2
  • Earn $350 cashwhen you open a new Scotiabank Ultimate Package by April 30, 2023
  • Unlimited debit transactions4Interac e-Transfer transactions and Scotia International Money Transfers
  • Up to $150 annual fee waiver each year on select credit cards6
  • Earn an additional 0.10% interest on your MomentumPLUS Savings Account7
  • Unlimited free Global non-Scotiabank ABM withdrawals8

Scotiabank Passport™ Visa Infinite* Card 

  • Save the annual fee9
  • Earn up to 35,000 bonus Scene+TM points in your first year (that’s up to $350 towards travel)10
  • Earn up to 3X Scene+TM points on eligible purchases11
  • Complimentary airport lounge membership including 6 free visits per year12
  • No foreign transaction fees on foreign currency purchases made on your card (only the exchange rate applies)13 and comprehensive insurances14
  • To qualify, the customer must have a minimum annual income of $60,000 or a minimum household income of $100,000 or a minimum assets under management of $250,000

  • Preferred annual interest rates are 20.99% on purchases and 22.99% on cash advances, annual fee $150 for primary card, $0 for one additional supplementary card and $50 for each additional supplementary card thereafter

Scotiabank Gold American Express® Card 

  • Save the annual fee15
  • For a limited time, earn up to 40,000 bonus Scene+TM points in your first year16 (reward value of up to $400)
  • Earn up to 6X Scene+TM points on eligible purchases17
  • No foreign transaction fees on foreign currency purchases made on your card (only the exchange rate applies)13 and comprehensive insurances14 
  • Preferred annual interest rates are 20.99% on purchases and 22.99% on cash advances, annual fee $120 for primary card, $29 for each additional supplementary card

Mortgages and Home Equity Lines of Credit 

  • Flexible solutions with preferred rates for dental associates and practice owners on fixed, closed and variable rate mortgage terms18
  • Preferred interest rate of Prime -0.25%1 on Scotiabank Personal Line of Credit under the Scotia Total Equity® Plan (STEP)
  • Option to earn Scene+TM points on your mortgage advance and cashback on your annual interest payments19
  • Miss-a-Payment and Match-a-Payment option20 
  • Portability of your mortgage

Private Banking solutions for retired dentists

We recognize that your wealth story is uniquely yours. How you manage its complexities to achieve your financial goals is something we care about as much as you do. At Private Banking we offer strategic borrowing solutions, customized banking support and a leading-edge concierge and travel management service.

With your dedicated Private Banker and support team we are ready to ensure your personal and practice needs are considered with care and tailored to your preferences.

As a Private Banking client23, you have access to banking and credit solutions for your personal and practice needs all in one place.

  • You will be assigned your own dedicated Private Banker and support team
  • Access to strategic financing through our Total Wealth Credit Solution™
  • Access to information on our borrowing to invest strategies
  • Pursuits™: our concierge and travel management service24
  • Hands-on management of time-sensitive transactions in coordination with your other advisors
  • Access to a range of exclusive banking benefits25 to complement your everyday banking needs, including: 
    • Preferred foreign exchange rates26
    • Annual fee waivers on the following Scotiabank credit cards: ScotiaGold Passport® Visa*, Scotia Momentum® Visa Infinite*, Scotiabank Passport® Visa Infinite*, Scotiabank® U.S. Dollar Visa*, and Scotiabank® Gold American Express®*27

Borrowing can be strategic

Some affluent investors borrow to invest as part of a comprehensive wealth management strategy. They use a customized line of credit to create liquidity against various wealth holdings, allowing them to act quickly to take advantage of opportunities.

Lending for investment purposes (also known as leveraged investing) is a core competency of our Private Banking teams:

  • We combine our knowledge of wealth management, transactional banking and valuation to provide lending guidance customized to your situation and your unique assets.
  • We will work in coordination with your tax and investment advisors to help you avoid unnecessary trade-offs when raising capital for acquiring new assets.
  • We can discuss ways to mitigate the risks associated with borrowing to invest.

Borrowing to invest is not for everyone and suitability is paramount as it can add risk. Any investment strategy should be discussed with your investment and tax advisors and should take into account your long-term and personal circumstances.

Advice for retired dentists 

As you approach your much-deserved retirement, let us focus on maximizing and customizing your banking solutions and investment opportunities to help you get the most out of your retirement plans.

Frequently asked questions 

Ready to talk? 

Find the right Advisor for your personal needs. 

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Contact a Scotiabank Advisor 

To learn more, contact an Advisor or call Scotiabank Healthcare+ at 1-888-222-3918 

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Let us contact you 

Want to learn more about how our Dentist Banking Program can best serve your needs?

Please share your contact information and how we can best reach you and a Scotiabank Healthcare Specialist will contact you.