Bank account fees at a glance

Account debit fee also applies if not included in your monthly account fee

The monthly fee for Scotia InfoAlerts charged to an account covers all alerts selected (SMS and/or email selected for all your account)

Other cheque styles for these accounts are available at regular rates

Excluding Money Master® Savings Account and Scotia Power Savings Account

Scotia OnLine Cheque Image Viewing is free for all recordkeeping types ONLY with the Basic Banking Account and Student Banking Advantage Plan. All other account types must pay the stated fee, unless paperless recordkeeping is selected for that account

The Ultimate Package qualifies for unlimited Canadian and U.S. dollar drafts. Account must be in good standing.

The account qualifies for one (1) book of 100 personalized cheques per year per account. Account must be in good standing.

Subject to availability. Upon activation, the primary account holder of the Ultimate Package account who gets a safety deposit box for which they are the primary box holder will receive a $80.00 fee discount (value of a small safety deposit box) applied annually as long as the account is in good standing. Limit of one (1) annual fee discount per Ultimate Package.

Accountholders who add Overdraft Protection to their account will have the $5.00 Overdraft Protection fee automatically waived when the account is overdrawn. Interest will remain to be payable on overdrawn balances, calculated daily at 21% (per annum) and charged monthly. The account must have a positive balance at least once every 30 days. A $5.00 handling fee will be charged for each item that is paid while the account is overdrawn more than the authorized limit. Subject to approval.

The Preferred Package 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.

The Ultimate Package account includes non-Scotiabank Interac⁺ ABM cash withdrawals in Canada and cash withdrawals at non-Scotiabank Visa* or PLUS* ABMs within and outside of Canada. Account holders may still be charged a convenience fee by the other bank and ABM operator, not by Scotiabank.

The Ultimate Package monthly account fee is waived if a minimum daily closing balance of $6,000 is maintained for the entire month in the Ultimate Package account. If the minimum daily closing balance of $6,000 is not maintained for the entire month in the Ultimate Package account but you have a Total Relationship Balance of $100,000 or more for the entire month, the monthly account fee of the Ultimate Package account will be either waived, or charged then rebated within the first 10 business days of the following month. This Ultimate Package monthly account fee waiver is limited to one waiver or rebate per client per month. For joint Ultimate Package accounts, the Total Relationship Balances are calculated separately for each accountholder and the monthly account fee will be waived or rebated if any one of the joint accountholder’s Total Relationship Balance is $100,000 or more. The Ultimate Package account must have sufficient funds to cover any fees, including the monthly account fee.   

 

Total Relationship Balance: for any day, the sum of daily closing balances for that day in your eligible Scotiabank chequing accounts, savings accounts, GICs, and Mutual Funds including Scotia Registered Accounts and Scotia Investment Accounts (as defined in the Investment Companion Booklet) (“Eligible Accounts”) linked to your retail client profile for which you hold your Ultimate Package. A complete list of the Eligible Accounts is found at scotiabank.com/totalrelationshipbalance and Eligible Accounts include sole and joint accounts. For Mutual Funds, your daily closing balance is based on market value. For GICs where interest is paid before maturity, your daily closing balance is equal to the principal amount less the amount of all partial redemptions plus any accrued and unpaid interest up to that date. For GICs where interest is compounded, your daily closing balance is equal to the principal amount less the amount of all partial redemptions plus compound interest earned, plus interest accrued and unpaid up to that date.  For eligible non-Canadian dollar accounts, the balance will be determined based on the daily exchange rate determined by us and shown in Canadian Dollars.  

 

Exclusions: All non-personal accounts and accounts held at Scotia McLeod, iTrade and/or any account type that is not in this list found at scotiabank.com/totalrelationshipbalance are excluded from the Total Relationship Balance.  

 

If a transaction is recorded retroactively in the Eligible Account (“Backdated Transaction”), the Backdated Transaction will not retroactively change your Total Relationship Balance that was used to determine the eligibility for the monthly account fee waiver or rebate. In other words, we will consider the eligibility of the monthly account fee waiver or rebate only once at the end of any given month and will not reconsider even though a Backdated Transaction was retroactively recorded.  

 

By opening your Ultimate Package account, you consent for The Bank of Nova Scotia to review your Eligible Accounts held at the Bank of Nova Scotia (“Eligible BNS Accounts”) as well as Eligible Accounts held at Scotia Securities Inc. (“Eligible SSI Accounts”), including the balances held at both Eligible BNS Accounts and Eligible SSI Accounts (including your sole account balances and any joint account balances you hold with other account holders) for the purpose of evaluating, calculating, and investigating the Total Relationship Balance tier applicable to your Ultimate Package.  

 

Privacy Statement: If you have a joint Ultimate Package account and it receives a monthly account fee waiver based on the Total Relationship Balance, the other Ultimate Package joint accountholder may be able to infer that you hold a qualifying balance and/or have other products with us. This is because the Total Relationship Balance includes the balances held individually or jointly in other Eligible Accounts. If you prefer not to have the individual balances in your Eligible Accounts considered for the monthly account fee waiver eligibility on a joint account, please speak with your advisor or visit a branch to explore alternative banking options that may better suit your privacy preferences.

This product is currently offered in select branches only and will be available nationwide digitally and in branches in April 2026. 

Plus GST, HST, QST as required by Federal and Provincial Legislation. Scotiabank's GST/HST Registration Number is R105195598 and the QST number is 1000042508

Passbook is no longer available to select as a record keeping option

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

We derive income from the fee as well as the difference (the spread) between the prices we bid to buy and offer to sell foreign currency. Our spreads may differ from time to time across currencies. The spread is reflected in the price we quote for the Requested Currency of your international money transfer request. The price of any Local FX Conversion Transaction will also include a spread charged by the relevant intermediary or recipient bank.