Student and youth accounts

Registered trademarks of The Bank of Nova Scotia. American Express is a registered trademark of American Express. This credit card program is issued and administered by the Bank of Nova Scotia under license from American Express.

Scene+ and the Icon Design are trademarks of Scene Plus IP Corporation, used under license.

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

Eligibility: you are eligible for the Preferred Package for Students and Youth (chequing account) if you are under 25 years of age or are enrolled full-time in a university, community college, or another recognized post-secondary institution in Canada or the United States. You will be required to confirm your student status by providing proof of enrollment.

What happens when you’re no longer a student? When your student status expires based on Scotiabank’s records or you have failed to provide proof of enrollment confirming your full-time student status, the Student and Youth benefits will be removed and the account will be converted to the Preferred Package as of December 1^st following the date of your student status expiry.

Value of up to $625 in welcome bonuses and point value with the Scene+™ Student Banking Bundle includes $200 cash, up to $100 cash back, and up to 32,500 in Scene+ points (valued at up to $325) as follows:

 

1. $200 cash offer for new Preferred Package for Students and Youth customers
2. Earn 5% cash back on up to $2,000 in everyday  purchases for the first 3 months (up to $100 value) on a Scotia Momentum^® No-Fee Visa Card * (other Bundle eligible cards have different welcome offers)
3. 2,500 Scene+ points ($25 value) for new customers who combine the Preferred Package for Students and Youth Account with a new Money Master Savings Account
4. 30,000 Scene+ points ($300 value) when you bundle all 3 of the above accounts and complete certain qualifying transactions as part of the Scene+ Student Banking Bundle Bonus Offer.

 

Conditions apply. Please see Scotiabank® Scene+^TM Student Banking Bundle Offer.

As of May 26, 2025, new and existing Preferred Package for Students & Youth account holders who have or open a Scotia iTRADE account will receive a waiver of commission on all eligible commissionable trades (up to $9.99 CAD/USD per transaction) (the “Waiver”). The Waiver relating to options will be applied to base commissions only. 

Note: it can take up to 10 business days from the date of opening a new Preferred Package for Students & Youth account or Scotia iTRADE account for the Waiver to apply.  The Waiver will be applied at the time of trade.

Eligibility & Exclusions:

• Eligible commissionable trades include stocks, ETFs and options (base commission only) placed across all Preferred Package for Students & Youth primary account holder’s Scotia iTRADE accounts after the later of May 26, 2025 and the time when a client opens a Scotia iTRADE account. 

• Corporate and non-personal Scotia iTRADE accounts are not eligible. 

• Only the primary account holder of a Preferred Package for Students & Youth account and of a Scotia iTRADE account will be entitled to receive the Waiver in their Scotia iTRADE account(s). 

• Both the Preferred Package for Students & Youth account and Scotia iTRADE accounts must be open and in good standing on the last day of every month for the Waiver to apply.

• The Scotia iTRADE account must not be in a disallowed debit position and must not have any outstanding margin calls due. 

• Preferred Package Students & Youth account holders will not qualify for iClub membership based solely on their trading activity.

• No cash redemption value. 

• This offer can be combined with other Scotia iTRADE programs and campaigns unless otherwise specified. 

• Must be at least the age of majority in province of residence to open a Scotia iTRADE account.

Scotia iTRADE ® (Order-Execution Only) is a division of Scotia Capital Inc. (“SCI”). SCI is regulated by the Canadian Investment Regulatory Organization 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.

 

Additional fees apply for shared ABM services, cross-border debit transactions and other banking services not included in the chequing account package. For accounts that do not provide unlimited debit transactions, a charge for additional debit transactions may apply if you perform an Interac e-Transfer transaction over and above the number of debit transactions allowed in the account.

Scene+ ScotiaCard® debit card: Earn 1 Scene+ Point for every $5 on debit purchases (up to a maximum of 300 points per transaction and 600 points per day) made from an eligible Scotiabank chequing or savings account using your Scene+ ScotiaCard debit card linked to a Scene+ membership, including Interac Debit contactless and Visa Debit transactions.  Normal Interac Debit contactless transaction limits apply. Scene+ Points accumulated using your Scene+ ScotiaCard debit card will be updated within 2-3 days to the associated Scene+ account.  Scene+ points are calculated on debit card purchases, less any refunds, returns, or other similar credits.  Other conditions apply. Scene+ points can be redeemed for travel, entertainment, shopping, dining, banking or online at www.sceneplus.ca. Visit www.scotiabank.com/sceneplusrewards for complete details.

To qualify for the $200 bonus (the “Offer”), you must: 

1. Open a new Preferred Package for Students and Youth (an “Eligible Account”) between July 2 and November 1, 2026; and
2. Complete any two of the following activities in your Eligible Account within 60 days of Eligible Account opening:

o   Set up and make at least 1 eligible^♢♢  automated and recurring direct deposit, which will recur monthly for a minimum of three (3) consecutive months, or

o   Set up and make at least one (1) eligible^♢♢  recurring pre-authorized transaction, which will recur monthly for a minimum of  three (3) consecutive months, or

o   Complete at least five online (5) Visa* Debit purchases using your ScotiaCard® anywhere Visa* Debit is accepted. Only the following Visa Debit transaction types are eligible: online debit purchases, and in-store purchases made outside of Canada

^♢♢ 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, Preferred Package for Students and Youth, 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 $200 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 each 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. For joint accounts, only the primary account holder will receive the bonuses. 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. 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.