Special offer tag

Earn up to $400 with a Scotiabank banking package and an investment plan2


How to earn up to $400

Find out how our banking packages can reward you.

Step 1

Earn $3502: Open a new Ultimate or Preferred Package account

  • Open a new Ultimate or Preferred Package account between March 1st and July 31st, 2024.
  • Within 60 days complete two of the following:

i. Set up and clear one eligible automated recurring direct deposit, like a payroll or pension, that recurs for 6 months in a row.

ii. Set up and clear two eligible separate recurring pre-authorized transactions like a mortgage payment, of at least $50 that recur for 6 months in a row.

iii. Make one eligible bill payment, like a phone bill payment or a utility bill payment, of at least $50 with online or mobile banking.

Most perks tag

Ultimate Package

$0* or $30.95/monthly fee

Ideal for customers who: want a unique banking package with premium perks.

Earn up to $400 with an Ultimate package and an investment plan!2

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Your award-winning banking package

*No monthly account fee by maintaining a minimum daily closing balance of $6,000 in your Ultimate Package, or a combined balance of $30,000 across your Ultimate Package and your MomentumPLUS Savings Account.1

Most popular tag

Preferred Package

$0* or $16.95/monthly fee

Ideal for customers who: need the everyday banking features, but also want the perks.

Earn up to $400 with a Preferred Package and an investment plan!2

Benefits :

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

Step 2

+$502: Open an investment plan

  • To be eligible, complete Step 1
  • Within 60 days of opening your new Package account, open a new RRSP, TFSA or FHSA
  • Then, within 60 days of opening the registered account, complete any one of the following activities in your Registered Account:

i. From your Scotiabank personal account, set up and clear a recurring pre-authorized contribution of at least $50 per month, that recurs for 6 months in a row.

ii. Make a minimum deposit of $3,000 in your new eligible Registered Account and maintain it for 6 months in a row.

Registered Retirement Savings Plan (RRSP)

Ideal for customers who: want to save up for retirement.

Earn up to $400 with a Scotiabank banking package and an investment plan!2

  • Contribute to retirement savings on pre-tax basis and reduce taxable income while your investments grow on a tax-deferred basis
  • Funds in an RRSP may be eligible for programs that can help you buy your first home or pay for education for you, your spouse, or your common law partner

Tax Free Savings Account

Ideal for customers who: want to grow savings tax-free and withdraw earnings at any time.

Earn up to $400 with a Scotiabank banking package and an investment plan!2

  • Your savings grow over time tax-free, and you can withdraw your money whenever you need it
  • All-purpose solution that offers the flexibility to save for many goals in one account

First Home Savings Account (FHSA)

Ideal for customers who: want to save up to $40,000 towards their first home.

Earn up to $400 with a Scotiabank banking package and an investment plan!2

  • Any growth from your investments is tax-free. Contributions you make to your FHSA reduce your taxable income. Tax-free transfers from RRSP are also possible.
  • Your savings will grow over time with the ability to withdraw all of the funds tax-free to buy your first home.

Here are some answers to our most popular questions

Advice+ features

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RRSP vs. TFSA: What should I choose?

Not sure about selecting an RRSP or a TFSA? We dive into what you need to know about how they work

5 reasons to start your financial plan today

There is no better time than now to work on a financial plan to help you build more wealth, plan for the unexpected and help bring you peace of mind.

Tools and calculators

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Managing your money just got smarter

Scotia Smart Money by Advice+. A set of money management features in the Scotiabank mobile app that gives you personalized insights, advice, and more control over your money.

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Learn where you are spending and saving

A great way to plan for your financial future is to understand where you are now. Use our calculator for a better picture of your finances and to help you budget for your goals.

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Pay yourself first

With Pre-Authorized Contributions see how easy it is to reach your savings goals through regular and automatic savings.

Easy switch to Scotia

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The benefits our Scotiabank customers love 

Get rewarded with Scene+ 

From travel and entertainment to shopping and dining, earn Scene+ points on every day purchases using your debit card or eligible credit cards10. Earn more with Scene+.

Personalized advice 

Our Scotia advisors are here to help you plan your financial future. With a simple conversation, we’ll get you on track to reach your financial goals, big and small. 

Bank your way

Get 24/7 support and customer service, go digital with our fast, secure online and mobile banking, or visit our 4,000+ branches and ABMs across Canada. Bank the way that works for you.

Award-winning banking

Bank with variety of perks. The Ultimate Package has been voted 2022 Best Premium Chequing Account for Bundling by MoneySense.

What you can access with every Scotia account

  • Mobile and online banking

  • Free credit score††

  • Shop with convenient Visa Debit and Interac Debit payment options

  • Apple Pay, Google Pay and Samsung Pay

The bank for everyone

Tailored chequing accounts that fit you and your needs. 

New to Canada

Bank with no monthly account fees in the first year21 with the StartRightTM Program.


Seniors aged 60+ will receive an automatic monthly account fee discount on select bank accounts.


Worry-free banking for student life.


Start building healthy financial habits early.

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