Based on your answers here's our recommendation...⁹
Preferred Package for Students and Youth

Registered trademarks of The Bank of Nova Scotia, used under license.

Interac e-Transfer is a registered trade-mark of Interac Corp. Used under license.

CreditView is a service provided by TransUnion. The Bank of Nova Scotia and its affiliates are not responsible for the service.

Foreign currency exchange rates apply. For Ultimate Package customers and customers onboarded as a part of the Scotiabank StartRight® Program, we do not charge a service fee for the transfer, however, foreign currency exchange rates apply. A transfer needs to be made from an eligible Scotiabank Chequing or Savings account. Subject to daily limits and additional terms and conditions as set out in the Scotiabank International Money Transfer Agreement found at www.scotiabank.com/ca/en/personal/ways-to-bank/scotiabank-international-money-transfer-agreement.html.

Terms and Conditions found in Scotiabank International Money Transfer Agreement apply

Eligibility: you are eligible for the Preferred Package for Students and Youth (chequing account) if you are under 25 years of age or are enrolled full-time in a university, community college, or another recognized post-secondary institution in Canada or the United States. You will be required to confirm your student status by providing proof of enrollment.

What happens when you’re no longer a student? When your student status expires based on Scotiabank’s records or you have failed to provide proof of enrollment confirming your full-time student status, the Student and Youth benefits will be removed and the account will be converted to the Preferred Package as of December 1^st following the date of your student status expiry.

Additional fees apply for shared ABM services, cross-border debit transactions and other banking services not included in the chequing account package. For accounts that do not provide unlimited debit transactions, a charge for additional debit transactions may apply if you perform an Interac e-Transfer transaction over and above the number of debit transactions allowed in the account.

Subject to approval. A customer must apply for an Overdraft Protection Plan to determine if they qualify.

As of May 26, 2025, new and existing Preferred Package for Students and Youth account holders who have or open a Scotia iTRADE® account will receive a waiver of commission on all eligible commissionable trades (up to $9.99 CAD/USD per transaction) (the “Waiver”). The Waiver relating to options will be applied to base commissions only.

Note: it can take up to 10 business days from the date of opening a new Preferred Package for Students and Youth account or Scotia iTRADE® account for the Waiver to apply.  The Waiver will be applied at the time of trade.

Eligibility & Exclusions:

• Eligible commissionable trades include stocks, ETFs and options (base commission only) placed across all Preferred Package for Students and  Youth primary account holder’s Scotia iTRADE® accounts after the later of May 26, 2025 and the time when a client opens a Scotia iTRADE® account. 
• Corporate and non-personal Scotia iTRADE® accounts are not eligible. 
• Only the primary account holder of a Preferred Package for Students and Youth account and of a Scotia iTRADE® account will be entitled to receive the Waiver in their Scotia iTRADE® account(s). 
• Both the Preferred Package for Students and Youth account and Scotia iTRADE® accounts must be open and in good standing on the last day of every month for the Waiver to apply.
• The Scotia iTRADE® account must not be in a disallowed debit position and must not have any outstanding margin calls due. 
• Preferred Package Students and Youth account holders will not qualify for iClub membership based solely on their trading activity.
• No cash redemption value. 
• This offer can be combined with other Scotia iTRADE® programs and campaigns unless otherwise specified.
• Must be at least the age of majority in province of residence to open a Scotia iTRADE® account.

Scotia iTRADE® (Order-Execution Only) is a division of Scotia Capital Inc. (“SCI”). SCI is regulated by the Canadian Investment Regulatory Organization and is a member of the Canadian Investor Protection Fund. Scotia iTRADE® does not provide investment advice or recommendations and investors are responsible for their own investment decisions.

The primary account holder of the Preferred Package for Students and Youth qualifies for a monthly account fee waiver on a Scotia^® U.S. Dollar Daily Interest Account. The primary account holder on the Preferred Package for Students and Youth account can be either the primary or joint account holder on the Scotia^® U.S. Dollar Daily Interest Account to qualify. If the primary account holder of the Preferred Package for Students and Youth had a Scotia^® U.S. Dollar Daily Interest Account prior to activating a Preferred Package for Students and Youth the fee waiver will apply to the bill cycle following the activation of the Preferred Package for Students and Youth. Limit of one (1) Scotia^® U.S. Dollar Daily Interest Account per Preferred Package for Students and Youth account. Both accounts must be in good standing.

Scene+ ScotiaCard^® debit card: Earn 1 Scene+ Point for every $5 on debit purchases (up to a maximum of 300 points per transaction and 600 points per day) made from an eligible Scotiabank chequing or savings account using your Scene+ ScotiaCard debit card linked to a Scene+ membership, including Interac Debit contactless and Visa Debit transactions.  Normal Interac Debit contactless transaction limits apply. Scene+ Points accumulated using your Scene+ ScotiaCard debit card will be updated within 2-3 days to the associated Scene+ account.  Scene+ points are calculated on debit card purchases, less any refunds, returns, or other similar credits.  Other conditions apply. Scene+ points can be redeemed for travel, entertainment, shopping, dining, banking or online at www.sceneplus.ca. Visit www.scotiabank.com/sceneplusrewards for complete details.

Effective starting on and after June 22, 2026 (the “Effective Date”), clients who have a Preferred Package for Students and Youth account (“Account”) will receive an annual fee rebate of $40 (“Annual Fee Rebate”) on one Eligible Card Account where they are the primary cardholder (“Eligible Card”), beginning on the first Anniversary Date after June 22, 2026 (and on each annual Anniversary Date thereafter), provided all of the following conditions are met: (i) there must be at least $15,000 in Qualifying Purchases posted to the Eligible Card Account in the 12 monthly statement periods prior to the month in which the Eligible Card Account’s annual fee is charged to the Eligible Card Account (the “Annual Anniversary Spend Amount"), and (ii) both the Eligible Card Account and the Account must be open and in good standing at the time the Annual Fee Rebate is applied. The Rebate should appear on your Eligible Card statement approximately on, or within the first two statements after the annual fee is charged to the Eligible Card Account.

The first-year annual fee(s) charged on your Eligible Card Account after the Effective Date is not eligible for an Annual Fee Rebate. The Annual Fee Rebate applies, even if you opened an Eligible Card Account prior to the Account Open Date.

Each Account will only receive one Annual Fee Rebate regardless of the number of accountholders on the Account or Eligible Cards held or opened on the Eligible Card Account. If you are the primary cardholder of multiple Eligible Cards, the Annual Fee Rebate will be applied to the annual fee that is charged first on an Eligible Card after the Account Open Date if you meet the Annual Anniversary Spend Amount.

If your Eligible Card Account has an annual fee(s) that is greater than the amount of the Annual Fee Rebate, you are responsible for any difference in annual fee(s) after the Annual Fee Rebate is applied. All other fees and charges applicable to the Eligible Card Account continue to apply.

The Annual Fee Rebate is subject to change and cannot be combined with any other offer including an annual fee rebate or waiver offer. Annual fees, rates and other features for Eligible Cards are subject to change. We may limit or revoke the Annual Fee Rebate(s) without notice if we believe there is suspicious or fraudulent activity, if the offer is being abused, or if you receive an Annual Fee Rebate in error.

“Account Open Date” means the date that the Account is opened. 

“Anniversary Date” means the date that is one year after the annual fee is first charged to your Eligible Card Account and every 12 months thereafter.

“Eligible Card Accounts” are currently the Scotiabank Gold American Express®, Scotiabank Passport® Visa Infinite +^* and Scotia Momentum® Visa Infinite +^* credit cards. Eligible Card Accounts are subject to change.

A “Qualifying Purchase” is a Purchase (as defined in your credit agreement for your Eligible Card Account) that is posted to your Eligible Card Account, less any refunds, returns or other similar credits on your Eligible Card Account. Qualifying Purchases exclude cash advances (including balance transfers and cash-like transactions), interest charges, fees and payments posted to your Eligible Card Account.

The Preferred Package for Students and Youth account includes 1 free non-Scotiabank Interac ABM cash withdrawal within Canada per month. Access fee for each subsequent cash withdrawal at non-Scotiabank Interac ABMs will be charged $2.00 per withdrawal. Each cash withdrawal from non-Scotiabank Visa* or PLUS* ABMs will be charged $3.00 in Canada and the U.S. and $5.00 outside of Canada and the U.S. Account holders may still be charged a convenience fee by the other bank and ABM operator, not by Scotiabank.

Package recommendations are provided for information purposes only and should not be relied upon as financial, investment or other advice. All recommendations are based on the information you provide and Scotiabank’s current product and service offerings. Terms and conditions apply to all packages and benefits displayed and should be reviewed carefully. All rates, fees, features, reward programs, bonus offers and benefits and related terms and conditions are subject to change. Please visit your nearest branch or call 1-800-472-6842 to speak with a Scotiabank representative.