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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

To qualify for the special offer, make sure to:

  1. Open a new Ultimate Package by July 29, 2021.
  2. Complete any two of the following actions within 60 days of opening your Ultimate 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 Ultimate 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 ongoing 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

Ultimate Package

Earn a $300 welcome bonus with a new bank account2

Top features:

  • 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±
Special offer

Earn a $300 welcome bonus2

Open an account today!

Ultimate Package
Get the Ultimate Package
 

Package features

Usage

  • Unlimited debit transactions3

  • Unlimited no-fee24 Scotia International Money Transfers±

  • Unlimited Interac e-Transfer transactions

  • No monthly Overdraft Protection fee4

  • Your choice of SCENETM or Scotia Rewards®,10

Grow your money

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

  • Ultimate rates on select GICs8

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

No boundaries

  • Unlimited free Global non-Scotiabank ABM withdrawals6

  • Free personalized cheques20and drafts11

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

An award-winning premium bank account

Voted 2020 Best Premium Bank Account for Bundling by MoneySense

Package fees

$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

Get rewarded

Earn points on everyday purchases with your choice of rewards program10

SCENE®* Rewards

Redeem SCENE points for entertainment rewards like movies, meals and more

Scotia Rewards®

Redeem Scotia Rewards points for travel, gift cards, the latest in tech, and more


More perks

Safety deposit box

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

Additional accounts

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

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


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

Less Fees, More Happy

Keep your money where you want and you could save on monthly account fees:

We’ll waive your 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

Easy Switch

We made switching banks easy, just for you.


Learn how to switch to Scotia

Banking for Seniors

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

View Seniors' Discount

Understand how to get the most out of your bank accounts with Advice+

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.