To qualify for the $400 cash offer (the “Offer”), you must:

1. Open any one of the following Scotiabank Chequing Accounts by September 29, 2022: Ultimate Package, Preferred Package, Basic Bank Account or Basic Plus Bank Account (each an “Eligible Account”); and

2. Within 60 days of Eligible Account opening, set up and clear at least one (1) eligible automated and recurring direct deposit, such as payroll or pension, which will recur monthly for a minimum of two (2) consecutive months.

See full terms and conditions below for full details.

Score an exclusive $400 welcome bonus with Scotiabank

Welcome Offer

Don’t miss your shot at earning a $400 welcome bonus

Open one of these chequing accounts by September 29, 2022 and set up an eligible* automated and recurring direct deposit of payroll to unlock your exclusive offer.

Remember to follow the directions you received  from your employer by e-mail to earn your exclusive $400 welcome bonus!

Package / Accounts

Preferred Package

Ultimate Package

Basic Plus Bank Account

Basic Bank Account

Debit Transactions3 included /mth

Unlimited 

Unlimited

25 ($1.25 each thereafter)

12 ($1.25 each thereafter)

Interac e-Transfer transactions included /mth

Unlimited 

Unlimited

Free3

Free3

Non-Scotiabank ABM withdrawals /mth

Fee waived on one non-Scotiabank ABM withdrawal per month in Canada13

No Scotiabank fees on global non-Scotiabank ABM withdrawals6

Fees apply

Fees apply

Overdraft Protection

No Overdraft Protection fee4

Preferred Package

Ultimate Package

Basic Plus Bank Account

Basic Bank Account

Debit Transactions3 included /mth

Preferred Package

Ultimate Package

Basic Plus Bank Account

Basic Bank Account

Unlimited 

Unlimited

25 ($1.25 each thereafter)

12 ($1.25 each thereafter)

Interac e-Transfer transactions included /mth

Preferred Package

Ultimate Package

Basic Plus Bank Account

Basic Bank Account

Unlimited 

Unlimited

Free3

Free3

Non-Scotiabank ABM withdrawals /mth

Preferred Package

Ultimate Package

Basic Plus Bank Account

Basic Bank Account

Fee waived on one non-Scotiabank ABM withdrawal per month in Canada13

No Scotiabank fees on global non-Scotiabank ABM withdrawals6

Fees apply

Fees apply

Overdraft Protection

Preferred Package

Ultimate Package

Basic Plus Bank Account

Basic Bank Account

No Overdraft Protection fee4

Concerned about having to move all your preauthorized bills to your new Scotiabank account?

We make it easy with the Switch My Bills To Scotia tool.

What you can access with every Scotia account

  • Mobile and online banking

  • Mobile cheque deposit

  • Free credit score††

  • Shop with convenient VISA Debit and Interac Flash payment options

  • Apple Pay, Google Pay and Samsung Pay


Frequently asked questions