Banking advice and solutions for practising physicians

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Want to learn more about how our Physician Banking Program can best serve your needs? Please share your contact information and how we can best reach you and one of our Scotiabank Advisors or Healthcare Specialists will contact you.

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Banking solutions for practising physicians

Scotiabank has worked with MD to deliver the Scotiabank Healthcare+ Physician Banking ProgramΔ with customized solutions to meet your unique needs as a physician. In addition to saving and rewards, this includes specialized policies and banking solutions created with medical professionals like you in mind. Plus for a limited time, sign up for the Ultimate package today and earn a $350 welcome bonus.

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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)
  • Earn up to $600 with an Ultimate Package and an investment plan3
  • Unlimited debit transactions4, Interac e-Transfer transactions and Scotia International Money Transfers5
  • 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

Scotia Households for Physicians

  • Scotia Households27 is a feature that allows physician hosts to share the benefit of free banking with their family and friends
  • Create a Household and invite up to 3 members so they too, can receive a monthly account fee waiver on an Ultimate Package or Preferred Package chequing account — if those members set up qualifying transactions
  • Your 3 Household members may live at different addresses, have different last names, or may not even be directly related to you
  • Offer ends March 31, 2025
  • Click here to create your household today

Scotiabank Passport® Visa Infinite* Card

  • Save the annual fee9
  • Earn up to $1,100+ in value in the first 12 months, including up to 35,000 bonus Scene+ points and annual fee waived on your first supplementary card10
  • 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
  • Earn up to $950* in value in the first 12 months, including up to 45,000 bonus Scene+ points and first year annual fee waived16
  • 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

Scene+ makes every experience more rewarding.

Scene+ is our enhanced rewards program that allows members to earn and redeem points for travel, shopping, dining and more.

Mortgages and Home Equity Lines of Credit

Learn about mortgage solutions
  • Flexible solutions with preferred rates for residents, fellows and physicians on fixed, closed and variable rate mortgage terms18
  • For residents, fellows and new-to-practice physicians, the mortgage amount qualified for is based on estimated projected income19
  • 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 payments20
  • Miss-a-Payment and Match-a-Payment option21
  • Portability of your mortgage

Private Banking solutions for practising physicians

As a physician, continuing to build your practice, focusing on your family and planning for what’s next creates new and different financial opportunities. With Scotia Wealth Management Private Banking, you can simplify your life with a single point of contact for both your personal and practice banking needs.

We place a heavy emphasis on being responsive, working with a sense of urgency to prioritize your needs and requests. You can transact with confidence, meaning fewer delays or challenges and more time for you to focus on your medical practice and your family.

As a Private Banking client, you have access to banking and credit solutions for your personal and practice needs all in one place.22

  • 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 service23
  • Hands-on management of time-sensitive transactions in coordination with your other advisors
  • Access to a range of exclusive banking benefits24 to complement your everyday banking needs, including:
    • Preferred foreign exchange rates25
    • 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®*26

Your Scotia Wealth Management Private Banker can provide credit solutions that support your immediate and long-term investment needs. As a credit strategist with expertise in debt structuring we will work directly with you to consider:

  • Your personal investment objectives
  • Assets held personally or through professional corporations
  • Tax-efficiency
  • Funding of interest expenses

When it comes to service and proactivity, insight and innovation are essential to maximize your opportunities and enable your life.

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Frequently asked questions

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MD Advisor

Already an MD client or want to talk about your financial plans? Contact your MD Advisor or visit md.ca

Advice for practising physicians

Scotiabank has worked with MD Financial Management (MD) to deliver the Scotiabank Healthcare+ Physician Banking ProgramΔ with customize solutions to meet your unique needs as a physician. In addition to saving and rewards, this includes specialized policies and banking solutions created with medical professionals like you in mind.