Chequing & Savings
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Why choose Scotiabank?
The best account is the one that rewards youGet rewarded, The best account is the one that rewards you
Individuals who are currently or were previously holders / joint holders of a Scotiabank chequing account within the last two (2) years are not eligible for the $300 or $100 cash offers (each an “Offer”, collectively the “Offers”).
To qualify for the Offers, you must:
1) Open a new Scotia One chequing account (eligible for the $300 Offer) or new Basic Banking Plan chequing account (eligible for the $100 Offer), each an “Eligible Account”, by July 1, 2019; and
2) Complete two (2) of the following three (3) activities in your Eligible Account within 60 days of opening:
· Set up an eligible recurring direct deposit (e.g., employer payroll, pension provider, or government) which will recur monthly for a minimum of three (3) consecutive months, or
· Set up a minimum of two (2) eligible separate recurring pre-authorized transactions (e.g., utility payments, property taxes, loan/mortgage payments) with a minimum value of at least $50 per transaction which will each recur monthly for a minimum of three (3) consecutive months, or
· Make at least one eligible online bill payment (e.g. utility bill, hydro bill, credit card payment, cable) of at least $50 through the Scotiabank Mobile App or through Scotia OnLine.
Scotiabank reserves the right to determine whether a specific recurring direct deposit, pre-authorized transaction or bill payment is eligible for the Offers.
The $300 or $100 cash bonus, as applicable, will be paid into the primary account holder’s Eligible Account within two (2) months following the satisfaction of the conditions outlined above. The Eligible Account must be open and in good standing until the time of payout of the cash bonus. The Eligible Account is not in "good standing" if:
1) It has a negative balance exceeding the authorized overdraft limit, or
2) If it has been in continuous overdraft for a period of three (3) consecutive months.
These Offers are non-transferable and may not be duplicated. Limit of one (1) Offer per customer, regardless of the number of Eligible Accounts opened. If more than one (1) Eligible Account is opened, the Offer awarded will be based on the first Eligible Account opened. For joint accounts, only one (1) cash bonus will be applied to the primary account holder’s Eligible Account. All rates, fees, features and benefits are subject to change. Offers may be changed, cancelled or extended at any time and cannot be combined with any other offers. Employees of Scotiabank are not eligible for the $300 or $100 cash offers.