Do you have any products or services with Scotiabank?

Yes, I do   

Sign in so we can link your customer profile to your application.

Sign in to Scotia OnLine

No, I don't   

Get started by choosing a rewards program for this account.

Scotia Rewards® points for travel and more

SCENE®* Rewards points for movies and meals

I don’t want rewards

Do you have any products or services with Scotiabank?

Yes, I do   

Sign in so we can link your customer profile to your application.

Sign in to Scotia OnLine

No, I don't   

Get started by choosing a rewards program for this account.

Scotia Rewards® points for travel and more

SCENE®* Rewards points for movies and meals

I don’t want rewards

Scotiabank Credit Cards eligible for an annual fee waiver

Scotiabank Passport™ Visa Infinite Card

Annual Fee
$139/year

Interest rates
19.99% purchases
22.99% cash advances

Scotiabank Gold American Express® Card

Annual Fee
$120/year

Interest rates
19.99% purchases
22.99% cash advances

Scotia Momentum® Visa Infinite Card

Annual Fee
$120/year

Interest rates
20.99% purchases
22.99% cash advances

Scotiabank Value® Visa Card

Annual Fee
$29/year

Interest rates
12.99% purchases
12.99% cash advances

Do more, live more.
The Ultimate Package.

Earn a $300 welcome bonus2 with a new bank account

Special offer

Earn a $300 welcome bonus2 and for a limited time, a savings rate of up to 1.80%23 on select bank accounts

Ultimate Package

Earn a $300 welcome bonus with a new bank account2

$300 welcome bonus2

  • Earn up to 1.80%23 on your MomentumPLUS Savings Account7 for a limited time
  • Unlimited debit transactions3, Interac e-Transfer transactions, and Scotia International Money Transfers±
  • Unlimited free Global non-Scotiabank ABM withdrawals6
  • Up to $139 annual fee waiver each year on select credit cards5
  • 9 more premium perks

$0* or $30.95/mth

* No monthly account fee by maintaining a minimum daily closing balance of $5,000 in your Ultimate Package, or a combined balance of $30,000 across your Ultimate Package and your MomentumPLUS Savings Account1

Preferred Package

Earn a $300 welcome bonus with a new bank account2

$300 welcome bonus2

  • Earn up to 1.75%23 on your MomentumPLUS Savings Account14 for a limited time
  • Unlimited debit transactions3 & Interac e-Transfer transactions
  • First year annual fee waiver (up to $139) on select credit cards12
  • 4 more perks

$0* or $16.95/mth

* No monthly account fee by maintaining a minimum daily closing balance of $4,000 for the entire month

The Ultimate Package: An award-winning premium bank account for Bundling

Voted 2020 Best Premium Bank Account for Bundling by MoneySense

Here are some answers to our most popular questions

To qualify for the $300 bonus, after you open an eligible Ultimate Package or Preferred Package account, you must next complete any 2 of the following activities within 60 days of opening your account:

  1. Make an eligible $50 bill payment through online or mobile banking;
  2. Set up and clear a minimum of 2 separate eligible recurring, pre-authorized transactions of least $50 in value per transaction. Each transaction must also recur for at least 3 consecutive months to qualify.
  3. Set up and clear at least 1 eligible automated and recurring direct deposit, such as payroll or pension. The direct deposit you set up must also recur for at least 3 consecutive months to qualify.

Please refer to the list of Qualifying Activities. Note this list is meant as a general list of included eligible activities but certain exclusions may apply and Scotiabank reserves the right to modify these lists and to determine whether any specific transaction is eligible for the Offer.

Fund transfers initiated to other Scotiabank accounts (one time or recurring, e.g. credit card or savings account), to chequing or savings accounts held at other financial institutions, or to payment processing firms, are not eligible for the Offers.

After you successfully set up the required qualifying activities and they have successfully cleared, the $300 bonus will be deposited into your Ultimate Package or Preferred Package account that was used to set up the qualifying transactions within 2 months of such successful completion and provided all other Offer terms and conditions have been met.

The following chart illustrates when the bonus would be paid based on some example scenarios:

  1. Make an eligible $50 bill payment through online or mobile banking;
  2. Set up and clear a minimum of 2 separate eligible recurring, pre-authorized transactions of least $50 in value per transaction. Each transaction must also recur for at least 3 consecutive months to qualify.
  3. Set up and clear at least 1 eligible automated and recurring direct deposit, such as payroll or pension. The direct deposit you set up must also recur for at least 3 consecutive months to qualify.

 

If you opened an Ultimate Package or Preferred Package during:

And completed your 2 actions, including the completion of transactions recurring for a minimum of 3 consecutive months, between:

You will get your $300  bonus deposited in:

April 2021

April to June 2021

July 2021

May to July 2021

August 2021

June to August 2021

September 2021

May 2021

May to July 2021

August 2021

June to August 2021

September 2021

July to September 2021

October 2021

June 2021

June to August 2021

September 2021

July to September 2021

October 2021

August to October 2021

November 2021

July 2021

July to September 2021

October 2021

August to October 2021

November 2021

September to November 2021

December 2021

If you have also been approved for a new mortgage or switched your mortgage between April 1 and July 29, 2021, you may qualify for the Double the Cash Offer to receive an additional $300 within 4 months of receiving your $300 Package bonus outlined above. See here for further details.

The $300 bonus will be deposited into your newly opened Ultimate Package or Preferred Package account that was used to complete the eligible transactions. The credit will appear as “Promotional Bonus” in your account statement.

Recurring pre-authorized transactions are set up under the individual merchant or company’s website. If your payments are currently under another financial institution, you can use the Switch my bills to Scotia feature in our app or online banking. To qualify for the $300 bonus, each transaction must recur for at least 3 consecutive months.

Simply complete this payroll form with your account information and provide it to your employer to process. To qualify for the $300 bonus, the direct deposit you set up must recur for at least 3 consecutive months.

No, customers who are currently or were previously holders and/or joint holders of a Scotiabank chequing account within the last 2 years are not eligible for this Offer.

“Scotiabank Chequing Account” means any of the following accounts: Ultimate Package, Preferred Package, Scotia One Account, Basic Plus Bank Account, Basic Banking Plan, Basic Bank Account, Momentum Chequing, Power Chequing, Scotia One Service, Scotia Value, Student Banking Advantage Plan.

Also, at this time employees of Scotiabank are not eligible for this Offer.

No, the $300 bonus only applies to new Scotiabank chequing account customers opening an Ultimate Package or Preferred Package by July 29, 2021. 

Earn $300 when you open a new Ultimate or Preferred Package plus, double the cash and get an additional $300 with a Scotia mortgage. To qualify for an additional $300 under the Double the Cash Offer, you must: Meet all of the Package Offer Conditions; Obtain approval on a new or switched residential mortgage for which an application has been initiated and approved between April 1 to July 29, 2021 and funded before September 30, 2021; and meet all other Double the Cash Offer terms and conditions.

Click here to learn more.


See all the perks that will help you spend, save and more.

Sign up for the MomentumPLUS Savings Account

Limited time offer: Earn up to 1.80%23 interest on the MomentumPLUS Savings Account7

Click here to learn more about the MomentumPLUS Savings Account.

New to Canada?

Find out how you might be eligible to pay no monthly account fee for the first 12 months.22

Scotiabank StartRight® Program

Ultimate and Preferred rates on select Non-Redeemable GICs8,15

Direct invest with Scotia iTRADE® – Ultimate Package Perk

10 free trades from Scotia iTRADE in your first year (approximately $100 value) and 5 free trades every year after9

View Scotia iTRADE

Up to $139 annual fee waiver on select credit cards

Ultimate Package: Ongoing annual fee waiver5
Preferred Package: First year annual fee waiver12

Scotia Package Perks 

Package

  • Ultimate Package

  • Preferred Package

Ultimate Package

Preferred Package

Debit Transactions3 included /mth

Unlimited

Unlimited 

Interac e-Transfers included /mth

Unlimited

Unlimited 

Overdraft Protection

No monthly Overdraft Protection fee4

$5.00/mth if used

Rewards

Your choice of SCENETM or Scotia Rewards®,10

Your choice of SCENETM or Scotia Rewards®,10

Ultimate Package

Preferred Package

MomentumPLUS Savings Account

Earn up to 1.80%23 on your MomentumPLUS Savings Account7 for a limited time

Earn up to 1.75%23 on your MomentumPLUS Savings Account14 for a limited time

Guaranteed Investment Certificates (GICs)

Ultimate rates on select GICs8

Preferred rates on select GICs15

Scotia iTRADE®

10 free equity trades at Scotia iTRADE in your first year (approximately $100 value) and 5 free equity trades every year after9

-

Ultimate Package

Preferred Package

Credit cards

Up to $139 ongoing annual fee waiver on select credit cards5

First year annual fee waiver (up to $139) on select credit cards12

Non-Scotiabank ABM
withdrawals /mth

No Scotiabank fees on global non-Scotiabank ABM withdrawals6

Fee waived on one non-Scotiabank ABM withdrawal per month in Canada13

Cheques & Drafts

Free11, 20

-

Ultimate Package

Preferred Package

Scotia® U.S. Dollar Daily Interest Account

No monthly account fee on a Scotia® U.S. Dollar Daily Interest Account19

No monthly account fee on a Scotia® U.S. Dollar Daily Interest Account22

Additional Basic Plus Bank Account

No monthly account fee on a Basic Plus Bank Account16 (save up to $143 annually)

-
Safety deposit box

$60 annual fee waiver17 (equivalent to a small safety deposit box)

-

Ultimate Package

Preferred Package

Debit Transactions3 included /mth

Ultimate Package

Preferred Package

Unlimited

Unlimited 

Interac e-Transfers included /mth

Ultimate Package

Preferred Package

Unlimited

Unlimited 

Overdraft Protection

Ultimate Package

Preferred Package

No monthly Overdraft Protection fee4

$5.00/mth if used

Rewards

Ultimate Package

Preferred Package

Your choice of SCENETM or Scotia Rewards®,10

Your choice of SCENETM or Scotia Rewards®,10

MomentumPLUS Savings Account

Ultimate Package

Preferred Package

Earn up to 1.80%23 on your MomentumPLUS Savings Account7 for a limited time

Earn up to 1.75%23 on your MomentumPLUS Savings Account14 for a limited time

Guaranteed Investment Certificates (GICs)

Ultimate Package

Preferred Package

Ultimate rates on select GICs8

Preferred rates on select GICs15

Scotia iTRADE®

Ultimate Package

Preferred Package

10 free equity trades at Scotia iTRADE in your first year (approximately $100 value) and 5 free equity trades every year after9

-

Credit cards

Ultimate Package

Preferred Package

Up to $139 ongoing annual fee waiver on select credit cards5

First year annual fee waiver (up to $139) on select credit cards12

Non-Scotiabank ABM
withdrawals /mth

Ultimate Package

Preferred Package

No Scotiabank fees on global non-Scotiabank ABM withdrawals6

Fee waived on one non-Scotiabank ABM withdrawal per month in Canada13

Cheques & Drafts

Ultimate Package

Preferred Package

Free11, 20

-

Scotia® U.S. Dollar Daily Interest Account

Ultimate Package

Preferred Package

No monthly account fee on a Scotia® U.S. Dollar Daily Interest Account19

No monthly account fee on a Scotia® U.S. Dollar Daily Interest Account22

Additional Basic Plus Bank Account

Ultimate Package

Preferred Package

No monthly account fee on a Basic Plus Bank Account16 (save up to $143 annually)

-

Safety deposit box

Ultimate Package

Preferred Package

$60 annual fee waiver17 (equivalent to a small safety deposit box)

-

Need help selecting your account?

What you can access with every account

  • Mobile and online banking

  • Mobile cheque deposit

  • Free credit score††

  • Shop with convenient VISA Debit and Interac Flash payment options

  • Apple Pay, Google Pay and Samsung Pay