To qualify for the special offer, make sure to:

1. Open a new Preferred Package by September 30, 2022.

2. Complete any two of the following actions within 60 days of opening your Preferred Package:

  • Make an eligible $50 bill payment through online or mobile banking.
  • Set up and clear at least 2 eligible separate recurring pre-authorized transactions that are $50 or more, which will each recur monthly for a minimum of 3 consecutive months; 
  • Set up and clear at least one eligible automated and recurring direct deposit, such as payroll or pension, which will recur monthly for a minimum of 3 consecutive months.

The $300 cash bonus will be deposited directly into your new Preferred Package account within 6 months from account open date provided all offer conditions outlined have been met. See terms and conditions below for full details.

Scotiabank Credit Cards eligible for an annual fee waiver for the first year

Scotiabank Passport™ Visa Infinite Card

Annual Fee

Interest rates
19.99% purchases
22.99% cash advances

Scotiabank Gold American Express® Card

Annual Fee

Interest rates
19.99% purchases
22.99% cash advances

Scotia Momentum® Visa Infinite Card

Annual Fee

Interest rates
20.99% purchases
22.99% cash advances

Scotiabank Value® Visa Card

Annual Fee

Interest rates
12.99% purchases
12.99% cash advances

The fees at a glance

Monthly Fee $0* or $16.95/month
Monthly fee with senior’s discount $12.95
Overdraft protection


Monthly Overdraft Protection Plan29: $5.00/month or

Pay-per-use Overdraft Protection Plan30 (Not available in Quebec): $5.00/use

Debit transactions3 Unlimited3
International Money Transfer± $1.99/transfer
Paper statement $2.25/month

Preferred Package

Earn a $300 welcome bonus with a new bank account.2

Special Offer

Earn a $300 welcome bonus

Open a Preferred Package and in a few steps, you'll receive a welcome bonus of $3002.

Is this Chequing Account right for you?

Right for you if you:

  • Can benefit from unlimited transactions included in this account
  • Use for everyday banking such as purchases, ABM transactions and payroll deposits

May not be right for you if you:

  • Are interested in only opening a savings account that earns interest

Package features


Account benefits

Grow your money

More perks

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

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

  • Scene+TM Program10 

Monthly fees

$0* or $16.95/mth

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

Get Rewarded with Scene+

Earn points on everyday purchases with the Scene+TM program

Explore Scene+


  • 1 Scene+ point for every $5 spent on everyday purchases.10
  • 1 Scene+ point for every $1 spent at Cineplex.


  • Redeem Scene+ points for travel, shopping, entertainment, dining, banking, and more.

What you can access with every Scotia 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

Here are some answers to our most popular questions

Scotia is the bank for everyone

Easy switch

We made switching banks easy, just for you.

Banking for seniors

If you’re 60 or older, you’ll save up to $4.00 on the monthly account fee.

New to Canada?

Get up to $1,400* in savings and bonuses, including no monthly account fees on the Preferred Package in the first year.21

Need help selecting your account?

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