Earn $450¹ with the Scotiabank Ultimate Package  

$450 or $400 Cash Offer Conditions: To qualify for the $450 or $400 cash offers (each an “Offer” and collectively the “Offers”), you must:

1) Open a new Ultimate Package (eligible for the $450 Offer) or new Preferred Package (eligible for the $400 Offer) (each an “Eligible Account”) by August 20, 2021; and

2) Complete any two (2) of the following three (3) activities in your Eligible Account within 60 days of opening:

• Make at least one (1) eligible online bill payment^‡ of at least $50 through the Scotiabank mobile app or through Scotia OnLine, or
• Set up a minimum of two (2) separate eligible recurring pre-authorized transactions^‡ with a minimum value of at least $50 per transaction which will each recur monthly for a minimum of three (3) consecutive months and the transactions clear, or
• Set up an eligible recurring direct deposit^‡ which will recur monthly for a minimum of three (3) consecutive months and the transactions clear.

^‡Click here for a list of direct deposits,  pre-authorized transactions and online bill payments eligible for the Offers. Notwithstanding 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, pre-authorized transaction or bill payment is eligible for the Offers. 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.

 

Eligibility and Exclusions: The Offers are only available to individuals in select postal codes who have received the Offer directly from Scotiabank. Individuals who are currently holders of a Scotiabank Chequing Account are not eligible for the offers. Individuals who were previously holders of a Scotiabank Chequing Account within the last two (2) years are not eligible for the offers. “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 not eligible for the Offers.

 

General Terms: The $450 or $400 cash bonus, as applicable, will be deposited to the primary account holder’s Eligible Account, within two (2) months following the satisfaction of the Offer conditions outlined above. The Eligible Account must be open and in good standing until the time of payout of the cash bonus. The Eligible Account is not in "good standing" if:

• It has a negative balance exceeding the authorized overdraft limit, or
• If it has been in continuous overdraft for a period of three (3) consecutive months.

These Offers are 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, the Offer awarded will be based on the first Eligible Account opened. For joint accounts, only one (1) cash bonus Offer will be applied to the primary account holder’s Eligible Account. All rates, fees, features and benefits are subject to change. Offers may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.

Additional fees apply for shared ABM services, cross-border debit transactions and other banking services not included in the chequing account package

Includes Regular Interest Rate of 0.05% plus a 0.10% Interest Rate Boost for Ultimate Package account holders, 360-Day Premium Period Interest Rate of 0.45% and a limited time Bonus Interest Rate of 1.20% on New Funds. Regular Interest (including the Ultimate Interest Rate Boost) is calculated daily, paid monthly. Premium Period Interest is earned when you choose a 90, 180, 270 and/or 360-day Premium Period. A longer Premium Period earns a higher Premium Interest Rate. Premium Period Interest is calculated daily, paid at the end of the applicable Premium Period. Bonus Interest is calculated daily and payable until August 31, 2021 on the first $5,000,000 of New Funds deposited between April 1, 2021 – August 31, 2021 and will be paid monthly. Interest rates are per annum and subject to change. Visit www.scotiabank.com/rates for current rates.

 

The Bonus Interest Rate Offer of 1.20% (the “Offer”) applies to New Funds deposited into the Scotiabank MomentumPLUS Savings Account (the “Account”) between April 1, 2021 – August 31, 2021. “New Funds” means funds that did not originate from an existing Scotiabank Savings Account, Scotia Investment Account or Scotia Registered Account, less the amount of withdrawals from these accounts between April 1, 2021 – August 31, 2021. For full Offer Terms and Conditions visit scotiabank.com/mpsa. This Offer and all interest rates are subject to change at any time.

The Ultimate Package monthly account fee is waived if a minimum daily closing balance of $5,000 is maintained for the entire month in the Ultimate Package. If the monthly balance of the Ultimate Package account is less than the daily minimum of $5,000 but has a combined minimum daily closing balance of $30,000 across the Ultimate Package account and Momentum^PLUS Savings Account(s) for the entire month, the monthly account fee of the Ultimate Package account will be charged then rebated within the first 10 business days of the following month. The account must have sufficient funds to cover any fees, including the monthly fee. The account balance of one (1) Ultimate Package Account plus more than one (1) Momentum^PLUS Savings Account(s) qualifies to pay no monthly fees on one (1) Ultimate Package account. Account holders of the Ultimate Package who are also account holders of the Momentum^PLUS Savings Account(s) qualify.

If you open an Ultimate Package account (the “Account”), on or after the date you open the Account (“Account Open Date”) you will receive an annual fee waiver (“Annual Fee Waiver”), each year for as long as you have one eligible Scotiabank Credit Card account (an “Eligible Card”) and the Account. You will receive the Annual Fee Waiver, even if you opened an Eligible Card prior to the Account Open Date. Eligible Cards are the Scotiabank Gold American Express, Scotiabank Passport^™ Visa Infinite^*, Scotia Momentum^® Visa Infinite and Scotiabank Value^® Visa^* credit cards. Eligible Cards are subject to change. Each Account will only receive one Annual Fee Waiver regardless of the number of accountholders on the Account or Eligible Cards opened. The Annual Fee Waiver will be applied to the first annual fee for a primary Card charged on an Eligible Card after the Account Open Date. If there is more than one Eligible Card after the Account Open Date, the Annual Fee Waiver will be applied only to the first annual fee for a primary card that is charged on an Eligible Card after the Account Open Date. All other fees and charges applicable to the Eligible Card continue to apply. Annual Fee Waiver will not be applied if your Account or Eligible Card is not open or is not in good standing and cannot be combined with any other annual fee waiver offer. Current annual fees, rates and other features for Eligible Cards are subject to change.

Choose between the SCENE and Scotia Rewards reward programs. Scene^®* ScotiaCard^® debit card: Earn 1 SCENE point for every $5 you spend on debit purchase transactions including Interacƚ Flash and Visa* Debit transactions from an eligible account using your SCENE ScotiaCard debit card. Other conditions and limitations apply. Visit www.scotiabank.com/scene for complete details. General information: A card must be connected to a SCENE membership in order to earn and redeem SCENE points. SCENE points accumulated using a card will be updated within 2-3 days. SCENE points can only be redeemed at participating Cineplex Entertainment^®◊ theatres, or online at www.scene.ca for other points offers (or rewards). Passport ScotiaCard debit card: Earn 1 Scotia Reward Point for every $5 you spend on debit purchase transactions including Interacƚ Flash and Visa* Debit transactions from an eligible account using your Passport ScotiaCard Debit Card. Other conditions and limitation apply. Visit scotiarewards.com for complete details.

For Ultimate Package customers, no service fee is charged for the transfer, however, foreign currency exchange rates apply. Subject to daily limits and additional terms and conditions as set out in the Scotiabank International Money Transfer Agreement found at www.scotiabank.com/ca/en/personal/ways-to-bank/scotiabank-international-money-transfer-agreement.html

Ultimate Package holders will receive Ultimate Package GIC interest rates (“Ultimate Package GIC Rates”) on Long Term Non-Redeemable GICs with terms between 1 and 10 years, excluding Special Rate GICs, Market Linked GICs and Guaranteed Income Optimizer GICs. The Ultimate Package GIC Rates are subject to change without notice. For the latest Ultimate Package GIC Rates, contact your branch or call 1-800-4SCOTIA 

 

Interest is accrued daily on your GIC from the issue date up to, but not including, the maturity date. For Scotiabank GICs that pay interest during their term (monthly, semi-annually or annually) the last interest payment is paid at maturity.

Account holders who have a Scotia iTRADE account (except for corporate and non-personal Scotia iTRADE accounts) qualify to be credited with the commissions associated with their first 10 online commissionable trades of equities, options, debentures ($24.99 per debenture trade) or ETFs (“Eligible Securities”) placed across all account holder(s)’ Scotia iTRADE accounts within the calendar year when they open the Ultimate Package account. In the second calendar year and thereafter, account holders qualify to be credited with the commissions associated with their first 5 online commissionable trades of Eligible Securities placed across all their Scotia iTRADE accounts during each year. Both the Ultimate Package account and Scotia iTRADE accounts must be in good standing on the last day of every month. Credits will be applied to the account holder’s non-registered Scotia iTRADE account, and, in its absence, to the account holder’s 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 trades. To be eligible, the primary or joint account holder of the Ultimate Package account can be either the primary or joint account holder of the Scotia iTRADE account. Credits will appear as $4.99 or $9.99 per trade depending on the account trading activity: standard commissions are $9.99, if more than 150 trades are placed per quarter commissions are valued at $4.99 per trade, debenture commissions are valued at $24.99 per trade. Trades executed by a Trading Authority in the Scotia iTRADE account are also eligible. To qualify for you must not be in a disallowed debit position in your Scotia iTRADE accounts and not have any outstanding margin calls due in your Scotia iTRADE accounts. No cash redemption value. Free trades are limited to one per client. Only one account holder per each joint Ultimate Package account will be entitled to receive the credits for 10 or 5 free trades, as applicable, into their Scotia iTRADE account.

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 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 monthly account fee is waived if a daily minimum closing balance of $4,000 is maintained for the entire month.

Includes Regular Interest Rate of 0.05% plus a 0.05% Interest Rate Boost for Preferred Package account holders, 360-Day Premium Period Interest Rate of 0.45% and a limited time Bonus Interest Rate of 1.20% on New Funds. Regular Interest (including the Preferred Interest Rate Boost) is calculated daily, paid monthly. Premium Period Interest is earned when you choose a 90, 180, 270 and/or 360-day Premium Period. A longer Premium Period earns a higher Premium Interest Rate. Premium Period Interest is calculated daily, paid at the end of the applicable Premium Period. Bonus Interest is calculated daily and payable until August 31, 2021 on the first $5,000,000 of New Funds deposited between April 1, 2021 – August 31, 2021 and will be paid monthly. Interest rates are per annum and subject to change. Visit www.scotiabank.com/rates for current rates.

The Bonus Interest Rate Offer of 1.20% (the “Offer”) applies to New Funds deposited into the Scotiabank MomentumPLUS Savings Account (the “Account”) between April 1, 2021 – August 31, 2021. “New Funds” means funds that did not originate from an existing Scotiabank Savings Account, Scotia Investment Account or Scotia Registered Account, less the amount of withdrawals from these accounts between April 1, 2021 – August 31, 2021. For full Offer Terms and Conditions visit scotiabank.com/mpsa. This Offer and all interest rates are subject to change at any time.

If you open a Preferred Package account (the “Account”), on or after the date you open the Account (the “Account Open Date”), you will receive an annual fee waiver for the first year only (the “First Year Annual Fee Waiver”) on one eligible Scotiabank Credit Card account (an “Eligible Card”) opened on or after the Account Open Date. Eligible Cards are the Scotiabank Gold American Express, Scotiabank Passport™ Visa Infinite*, Scotia Momentum® Visa Infinite and Scotiabank Value® Visa* credit cards. Eligible Cards are subject to change. Each Account can only receive one First Year Annual Fee Waiver regardless of the number of accountholders on the Account or Eligible Cards opened. The First Year Annual Fee Waiver will be applied to the first annual fee for a primary card charged on an Eligible Card after the Account Open Date. If there is more than one Eligible Card opened after the Account Open Date, the First Year Annual Fee Waiver will be applied only to the first annual fee for a primary card that is charged on an Eligible Card after the Account Open Date. This First Year Annual Fee Waiver is only available for new Eligible Cards opened on or after the Account Open Date. Current or previous cardholders of an Eligible Card or cardholders that transfer to an Eligible Card on or after the Account Open Date will not receive the First Year Annual Fee Waiver. All other fees and charges applicable to the Eligible Card continue to apply. First Year Annual Fee Waiver will not be applied if the Account or Eligible Card is not open or is not in good standing and cannot be combined with any other annual fee waiver offer. Current annual fees, rates and other features for Eligible Cards are subject to change.

Registered trademarks of The Bank of Nova Scotia

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

Registered trademarks of SCENE IP, LP, used under license.

Registered trademark of Cineplex Entertainment LP, used under license

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