Student accounts
Where youths and students can save while they learn.
iTRADE® Perks for Student Banking Advantage Plan holders
$4.99 per trade and Trade 1 Get 1 Free at Scotia iTRADE®
Get a bank account that rewards you for being you
Student Banking Advantage® Plan
A worry-free account matched for student life
Earn a $100 welcome bonus* and up to 7,500 Scene+TM points when you bundle your banking – up to $175 total value**
- No monthly account fee1, unlimited debit and Interac e-Transfer† transactions2
- Earn points on everyday purchases with the Scene+TM program3
- $4.99 per trade and Trade 1 Get 1 Free at Scotia iTRADE® 4
Getting There Savings Program for Youth
Start building healthy financial habits early
- Unlimited debit and Interac e-Transfer transactions2
- Earn points on everyday purchases with the Scene+TM program3
All accounts include:

Unlimited transactions

Free e-Transfers

Online banking

Mobile banking
Get rewarded with the Scene+ Student Banking Bundle
Earn up to $175 in welcome bonuses when you bundle your banking**

Student life just got easier
Not just banking, but all parts of your life.

Earn Scene+™ points every time you spend!
Earn 1 Scene+ point for every $5 you spend on debit purchases.3
Why choose Scotiabank?

Visit us in person
Book an appointment to talk with a Scotiabank advisor.

Current offers
The best account is the one that rewards you.

24/7 banking
Bank when you want, where you want with online and mobile banking.
To qualify for the $100 welcome bonus (the “Offer”), you must:
- Open a new Student Banking Advantage Plan (an “Eligible Account”) by June 10, 2023; and
- Complete one of the following activities in your Eligible Account within 60 days of Eligible Account opening:
- Set up and clear at least one (1) eligible automated and recurring direct deposit or
- Set up and clear at least one (1) eligible recurring pre-authorized transaction for a minimum of $25 per transaction, which will recur monthly for a minimum of three (3) consecutive months.
♢♢ Click here for a list of eligible direct deposits and pre-authorized transactions. While a transaction may be included in these lists, certain exclusions may still apply and Scotiabank reserves the right to modify these lists and to determine whether a specific direct deposit or pre-authorized 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 Offer.
Eligibility Exclusions: Individuals who are currently holders of a Scotiabank Chequing Account are not eligible for the Offer. Individuals who were previously holders of a Scotiabank Chequing Account within the last two (2) years are not eligible for the 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. Employees of Scotiabank are also not eligible for the Offer.
General Terms: The $100 cash bonus will be deposited to the Eligible Account within six (6) months from account open date provided all Offer conditions outlined above have been met. The Eligible Account must be open and in good standing until the time of payout of the welcome bonus. The Eligible Account is not in "good standing" if: (i) it has a negative balance exceeding the authorized overdraft limit, or (ii) it has been in continuous overdraft for a period of three consecutive months. The Offer is non-transferable and may not be duplicated. Limit of one (1) Offer per customer, regardless of the number of Eligible Accounts opened. If more than one (1) Eligible Account is opened, only the first Eligible Account opened will be eligible for the Offer. For joint accounts, if at the time of awarding the 5,000 Scene+ points, each customer has a Scene+ ScotiaCard, the points will be split equally between account holders. All rates, fees, features and benefits are subject to change. The Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.
Value of up to $175 in welcome bonuses with the Scene+TM Student Banking Bundle includes a $100 cash bonus and up to 7,500 in bonus Scene+ points (valued at up to $75) as follows:
- $100 cash offer for new Student Banking Advantage® Plan customers
- 1,250 Scene+ points ($12.50 value) for new Scotiabank® SceneTM Visa* Card customers
- 1,250 Scene+ points ($12.50 value) for new customers who combine the products above with a new MomentumPLUS Savings Account
- 5,000 Scene+ points ($50 value) when you complete all the above
Conditions apply. Please see Scotiabank® Scene+TM Bundle for Students Offer.
As of January 1, 2023, new and existing Student Banking Advantage Plan account holders who open a new Scotia iTRADE account for the first time qualify for both of the following benefits:
- Preferred $4.99 pricing on eligible commissionable trades (regularly $9.99). Note: it will take up to 10 business days from the date of opening a new Student Banking Advantage Plan or Scotia iTRADE account for the discounted $4.99 commission pricing to apply.
- Trade one get one free using the Scotia iTRADE Mobile App: Receive a rebate for the commissions incurred for every second eligible commissionable trade placed through the Scotia iTRADE Mobile App (up to a maximum of 20 in the first calendar year, and 10 in the second calendar year and thereafter while the Scotia iTRADE customer is a Student Banking Advantage Plan account holder). The rebate relating to options will be applied to base commissions only.
As of January 1, 2023, new and existing Student Banking Advantage Plan account holders who have an existing Scotia iTRADE account qualify for both of the following benefits:
- Preferred $4.99 pricing on eligible commissionable trades (regularly $9.99). Note: it will take up to 10 business days from the date of opening a new Student Banking Advantage Plan or Scotia iTRADE account for the discounted $4.99 commission pricing to apply.
- Trade one get one free using the Scotia iTRADE Mobile App: Receive a rebate for the commissions incurred for every second eligible commissionable trade placed through the Scotia iTRADE Mobile App (up to a maximum of 10 in the first calendar year and thereafter while the Scotia iTRADE customer is a Student Banking Advantage Plan account holder). The rebate relating to options will be applied to base commissions only. Trade one get one free rebates: The rebate will be applied to the account holder’s non-registered Scotia iTRADE account, or in its absence, their registered Scotia iTRADE account, in CAD currency (converted from USD to CAD for trades executed in USD, using the applicable foreign exchange rate) within the first 10 business days of the month following the month that the trades were executed.
Eligibility & Exclusions:
- Eligible commissionable trades include stocks, ETFs and options placed across all Student Banking Advantage Plan account holder(s)’ Scotia iTRADE accounts within the calendar year since the later of January 1, 2023 or the time when a client opens a Scotia iTRADE account.
- Corporate and non-personal Scotia iTRADE accounts are not eligible.
- The student (the primary account holder of the Student Banking Advantage Plan account) can be either the primary or joint account holder of the Scotia iTRADE account.
- Only the primary account holder of a Student Banking Advantage Plan account will be entitled to receive the preferred $4.99 pricing or get their commissions reimbursed for every second eligible commissionable trade, as applicable, into their Scotia iTRADE account.
- Both the Student Banking Advantage Plan account and Scotia iTRADE accounts must be in good standing on the last day of every month.
- The Scotia iTRADE account must not be in a disallowed debit position and must not have any outstanding margin calls due.
- No cash redemption value.
This offer can be combined with other Scotia iTRADE programs (excluding Preferred Package) and campaigns unless otherwise specified. Should free trade rebates be awarded for the other programs and campaigns, those free trades will be applied first until fully consumed before applying Student Banking Advantage Plan free trades rebate.
Scotia iTRADE ® (Order-Execution Only) is a division of Scotia Capital Inc. (“SCI”). SCI is regulated by the Investment Industry Regulatory Organization of Canada and is a member of the Canadian Investor Protection Fund. Scotia iTRADE does not provide investment advice or recommendations and investors are responsible for their own investment decisions.