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Effective November 22, 2021, changes are coming to the SCENE and Scotia Rewards programs and some account types are no longer eligible for rewards programs. Learn more
Bank account fees at a glance
Save more with the right Scotiabank account
Monthly Recordkeeping Options and Fees
(refer to "Additional Recordkeeping Services and Fees" for other related services.)
| Personal Deposit Accounts | Monthly Account Fee | Paperless | Paper Statement | Paper Statement with Cheque Image Return |
|---|---|---|---|---|
| Basic Banking Account | $3.95/month | No Charge | No Charge | No Charge |
| Basic Plus Bank Account | $11.95/month – No monthly account fee by maintaining a minimum daily closing balance of $3,000 for the entire month |
No Charge | $2.25/month | $2.50/month |
| Preferred Package | $16.95/month – No monthly account fee by maintaining a minimum daily closing balance of $4,000 for the entire month | No Charge | $2.25/month | $2.50/month |
| Ultimate Package | $30.95/month – 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 Account |
No Charge |
$2.25/month |
$2.50/month |
| Getting There Savings Program | No Charge | No Charge | No Charge | No Charge |
| Student Banking Advantage Plan | No Charge | No Charge | No Charge | No Charge |
| MomentumPLUS Savings Account | No Charge | No Charge | Not available | Not available |
| Savings Accelerator Account | No Charge | No Charge | Not Available | Not Available |
| Money Master Savings Account | No Charge | No Charge | $2.25/month | Not Available |
| Scotia U.S. Dollar Daily Interest Savings Account | U.S. $1.00/month – Waived with a $200 minimum daily closing balance | No Charge | No Charge | U.S. $2.50/month |
| Scotia Euro Daily Interest Savings Account | €1.00/month – Waived with a €200 minimum daily closing balance | Not Available | Not Available (no charge for Passbook) | Not Available |
Transfer Fees
| Send money internationally as a direct deposit to your family or friends using your mobile app or online banking |
$1.99♢/transfer on select accounts |
| Each automatic pre-arranged transfer of funds between your Scotiabank personal Canadian Dollar deposit account (debit transaction fee applies) | Free |
| Each manually processed pre-arranged transfer of funds between your Scotiabank personal deposit accounts (debit transaction fee applies where applicable) | $1.50 |
| Each transfer by branch staff between your Scotiabank personal deposit account due to telephone/fax/mail request, or to cover cheques (debit transaction fee applies) | $4.50 (optional Advice $5.00) |
| Transferring a Scotiabank account balance to another financial institution | $20.00 |
| Incoming Wire Transfer fees | |
| Incoming Wire Transfer identified as a Pension Payment in the payment message | $1.50 per transfer* |
| All other Incoming Wire Transfers | $15.00 CAD/USD per transfer* |
*All fees are charged in the currency of the account
Fees for ABM Services
| Cash Advance Fee (VISA cash advance at Scotiabank ABM) |
$3.501 |
| Interac Fee (Withdrawal from chequing or savings account at another bank's ABM in Canada) Fee waived on one non-Scotiabank ABM withdrawal per month in Canada with the Preferred Package10 Unlimited free Global non-Scotiabank ABM withdrawals with the Ultimate Package11 |
$2.001 |
| Interac Fee (VISA cash advance at another bank's ABM in Canada) |
$3.501 |
| VISA or PLUS System (Withdrawal from chequing or savings account at another bank's ABM within the U.S.) Unlimited free Global non-Scotiabank ABM withdrawals with the Ultimate Package11 |
$3.001 |
| VISA or PLUS System (Withdrawal from chequing or savings account at another bank’s ABM outside of Canada and the U.S.) Unlimited free Global non-Scotiabank ABM withdrawals with the Ultimate Package11 |
$5.001 |
| VISA or PLUS System (VISA cash advance at another bank's ABM international) |
$7.501 |
| Scotiabank ABM Surcharge for non-customers Applies to ABM withdrawals and cash advances Eligible Global ATM Alliance cards and Tangerine cards are exempt |
$3.00 |
Scotiabank's membership in the Global ATM Alliance means you pay no surcharges or access fees when you withdraw cash at select bank ATMs around the world.
General Fees
| CAD or USD draft for Scotiabank customers | $9.50 (Free with the Ultimate Package6) |
| Exchanging rolled coin for non-Scotiabank customers | $2.00 per $100.00 ($2.00 minimum fee) |
| Processing postdated deposit | $5.00 per deposit |
| Processing mailed-in deposit | $2.00 per deposit |
Other Optional Services/Features & Fees
| Bank The Rest Program | FREE |
| Scotia Rewards program | FREE |
| SCENE Loyalty Rewards Program | FREE |
| Access fee for Scotia OnLine Financial Services, Scotiabank® Mobile Banking Services, TeleScotia, Interac Online, Scotiabank ABMs (Self-Service banking access not available for the Euro Daily Interest Savings Account, Mobile Banking Services not available for U.S. $ Daily Interest Account or the Euro Daily Interest Savings Account) |
FREE |
| Each assisted telephone transaction | FREE |
| Scotia InfoAlerts | FREE |
| Each Interac e-Transfer† |
$1.00 |
| Each Cross Border Transfer | $1.00 |
| Monthly Overdraft Protection Plan* Flat fee per month, regardless of the number of overdraft transactions. Overdraft Protection fee for each month the account is overdrawn. |
$5.00/month Service & Fee Effective Date: May 15, 2021 |
Pay-per-Use Overdraft Protection Plan* |
$5.00/use Service & Fee Effective Date: May 15, 2021 |
* Effective May 21, 2021, existing customers outside of Quebec will be migrated to the new Pay-per-Use Plan, which will be effective on the statement date of their first monthly statement issued after May 21, 2021. If you reside in Quebec, these changes do not apply to you.
No monthly Overdraft Protection fee with the Ultimate Package.9
Overdraft Protection Fee is waived if your Overdraft Protection is approved under a Scotia Total Equity® Plan.
Cheque and Payment Processing Service Fees
| Certified cheques | ||
| At your request: | $15.00 | |
| At your holder's request: | who is a Scotiabank customer | $15.00 |
| who is not a Scotiabank customer | $25.00 | |
| Stop payment of cheque or pre-authorized debit | ||
| If details are complete: | $12.50 | |
| If details are incomplete: |
$20.00 | |
| Cheque processed in foreign currency on a Canadian Dollar account where the Canadian equivalent of the cheque amount is | ||
| Under $1,000: | $10.00 | |
| $1,000 and over: | $15.00 | |
| Cheque processed on your account where your account and bank identification numbers are not fully MICR-encoded | $5.00 | |
| Cheque or other debit item returned for insufficient funds (NSF) | $48.00 | |
| Each cheque or pre-authorized debit deposited and subsequently returned (for third part items deposited to your account) | No Charge | |
| Each non-government cheque cashed by a non-Scotiabank customer | $5.00 | |
| Teller-assisted bill payment | ||
| Processed through a Scotiabank account: | No Charge (debit transaction fees apply) |
|
| Paid in cash: | $3.00 | |
| Paid by cheque drawn from another financial institution: | $3.00 | |
Personalized Cheques
Available Free of Charge, once every 12 months from date of last order.
| Account | Cheque Style | Singles |
|---|---|---|
| Scotia Value3 | Scotia Basics | 50 per order |
| Ultimate Package7 | Scotia Basics |
100 per order |
Prices for personalized cheques on all other accounts that offer chequing services vary depending upon the cheque style and quantity. Details are available at your branch. Please note that cheques are subject to applicable taxes.
Search Fees
| If you need help updating your personal banking records, we provide the following services: | |
| Balance inquiry | No Charge |
| Each letter or form prepared at the customer's request (minimum $15 charge) | $30.00 per hour |
| If you ask us to retrieve an image of a cheque cleared through your account, the cheque image retrieval fees are as follows: For each cheque image (front and back) retrieval within 90 days from the date the cheque was posted to your account: | $3.00 |
| If you ask us to retrieve an image of a cheque cleared through your account, the cheque image retrieval fees are as follows: For each cheque image (front and back) retrieval request after 90 days from the date of the cheque was posted to your account: | $5.00 |
| If you ask us to search our records for any transaction or item not listed above or if we are required to respond to a legal search warrant by a third party about your transactions, the fees are as follows: | |
If the request is no more than 90 days from the date of the transaction |
$10.00 per item |
If the request is after 90 days from the date of the transaction (minimum $15 charge) |
$30.00 per hour per employee |
Account Closing Fees
| Account closed within 90 days of opening | $20.00 |
Additional Recordkeeping Services and Fees
| Each copy of account statement | $5.00 |
| Each in-branch record of activity in your account since the last statement | $1.00 |
| Each Paper Statement mailed to Branch for pick-up | $5.00 |
| Scotia OnLine Cheque Image Viewing - View electronic images of cheques cleared through your account within the last 90 days | $1.50 or Free with Paperless Recordkeeping5 |
| ABM Mini Statement | No charge |
| Each advice of transaction sent by mail or fax | $5.00 |
Inactive Accounts Fees
| After two years notice of inactivity4 | $20.00 |
| After three years notice of inactivity | $20.00 |
| After four years notice of inactivity | $20.00 |
| After five years notice of inactivity | $30.00 |
| After six years notice of inactivity | $30.00 |
| After seven years notice of inactivity | $30.00 |
| After eight years notice of inactivity | $30.00 |
| Nine year notice of transfer to Bank of Canada. The nine year notice of transfer to the Bank of Canada does not apply to U.S. dollar and Euro accounts. |
$40.00 |
Safety Deposit Box Fees
| Box | Box Size | Annual Fee** |
|---|---|---|
| A | 1.5"x5"x24" | $60.008 |
| B | 2.5"x5"x24" | $90.008 |
| B | 3.5"x5"x24" | $90.008 |
| C | 2.5"x10.375"x24" | $150.008 |
| C | 5"x5"x24" | $150.008 |
| D | 5"x10.375"x24" | $250.008 |
| E | 10"x10.75"x24" | $350.008 |
Downloads
Day-to-Day Banking Companion Booklet
N/A | pdf : 864 KB
Investment Companion Booklet
N/A | pdf : 1 MB
Stop Sold Accounts
N/A | pdf : 178 KB
Accounts that go beyond the everyday
Open a chequing or savings account online, in person, or by phone.
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Our account selector tool can help you decide.
1
Account debit fee also applies if not included in your monthly account fee
2
The monthly fee for Scotia InfoAlerts charged to an account covers all alerts selected (SMS and/or email selected for all your account)
3
Other cheque styles for these accounts are available at regular rates
4
Excluding Money Master® Savings Account and Scotia Power Savings Account
5
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
6
The Ultimate Package qualifies for unlimited Canadian and U.S. dollar drafts. Account must be in good standing.
7
The account qualifies for one (1) book of 100 personalized cheques per year per account. Account must be in good standing.
8
Subject to availability. Upon activation, the primary account holder of the Ultimate Package account who gets a safety deposit box will receive a $60.00 fee waiver (value of a small safety deposit box) applied annually as long as the account is in good standing. Limit of one (1) annual waiver per Ultimate Package account.
9
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.
10
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.
11
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.
**
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.