Hey, new neighbour.

Eligibility and Exclusions: To qualify for the $350 bonus, you must open an eligible account at the Scotiabank St. Laurent et Jean-Talon Branch, 7175 boulevard Saint-Laurent Montreal, QC, H2S 0B2 on or before November 14, 2023.

Individuals who are currently holders of a Scotiabank Chequing Account are not eligible for the $350 cash offer. Individuals who were previously holders of a Scotiabank Chequing Account within the last two (2) years are not eligible for the $350 cash 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 not eligible for the Offers.

Offer Description and Conditions: To qualify for the Offers, you must: 

Open a new Preferred Package (eligible for the $350 Offer), an “Eligible Account”, by November 14, 2023; and 

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

• Set up an eligible recurring direct deposit (e.g., employer payroll, pension provider, or government) which will recur monthly for a minimum of three (3) consecutive months, or
• Set up a minimum of two (2) eligible separate recurring pre-authorized transactions (e.g., utility payments, property taxes, loan/mortgage payments) with a minimum value of at least $50 per transaction which will each recur monthly for a minimum of three (3) consecutive months, or
• Make at least one eligible online bill payment (e.g. utility bill, hydro bill, credit card payment, cable) of at least $50 through the Scotiabank Mobile App or through Scotia OnLine.

Scotiabank reserves the right to determine whether a specific recurring direct deposit, pre-authorized transaction or bill payment is eligible for the Offers. The $350 cash bonus, as applicable, will be paid into the primary account holder’s Eligible Account within two (2) months following the satisfaction of the conditions outlined above. The Eligible Account must be open and in good standing until the time of payout of the points bonus. The Eligible Account is not in "good standing" if: 1) It has a negative balance exceeding the authorized overdraft limit, or 2) 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 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 and cannot be combined with any other offers.

The Monthly Account Fee Waiver Offer (the “Offer”) is available for up to twelve (12) months on one (1) new Ultimate Package or Preferred Package account (“Account”) opened between August 14, 2023 and November 14, 2023 at the Scotiabank St. Laurent et Jean-Talon Branch, 7175 boulevard Saint-Laurent Montreal, QC, H2S 0B2. To qualify for this Offer, you must set up payroll direct deposit into the new Account and your first payroll direct deposit must be deposited in the Account within 60 days of Account opening. The monthly Account fee waiver will be applied to the Account for each consecutive month that the payroll direct deposit is cleared from the Account, for up to 12 months. The monthly account fee waiver will be applied in the following month that the payroll direct deposit clears the Account and will not appear as a charge on the Account (e.g., a payroll direct deposit that clears the Account in November would result in a fee waiver for the month of December). To be eligible for a fee waiver, the Account must be open and in good standing for each month in which the fee waiver will be applied. The 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 (3) consecutive months. All other fees, rates and applicable service charges on the Account will continue to be applied monthly. After the first 6 months, you will begin to see the applicable monthly Account fee charged to your Account unless you maintain the minimum daily closing balance for your Account, in which case the monthly Account fee will be waived per the Account terms and conditions. Employees of The Bank of Nova Scotia (“Scotiabank”) and individuals who are currently or were previously holders/joint holders of a Scotiabank chequing account within the last 2 years are not eligible for this Offer. Maximum one Offer per customer regardless of the number of Accounts opened. For joint accounts, only one Offer will apply per primary account holder, regardless of the number of Accounts. This Offer is non-transferable and may be changed, cancelled, or extended at any time without notice. 

Some conditions may apply. All mortgage applications are subject to meeting Scotiabank’s standard credit criteria, residential mortgage standards and maximum permitted loan amounts. The offers can be changed or withdrawn at any time without notice and may not be combined with any other discounts, offers or promotions. For each offer, the minimum mortgage amount is $100,000, the new mortgage must be set up as a closed fixed rate mortgage with a 3 year term or greater or a closed variable rate mortgage with a 5 year term and the mortgage must be funded within 120 days of the application date.

For the mortgage switch offer, Scotiabank will pay a maximum of $800 to the appropriate service provider to cover mortgage closing costs for services ordered directly or approved by Scotiabank. This amount will be treated as cashback and will be repayable to Scotiabank if the mortgage is assumed, paid out, transferred or renewed prior to the expiry of the mortgage term. The cashback amount may appear as an additional charge payable in any discharge or renewal statement, and will be calculated on an even prorated basis using a standard formula. Scotiabank will also cover up to a maximum of $400 towards any discharge or assignment fee (other than any prepayment charges) charged by the other financial institution in connection with the mortgage transfer (not applicable in Quebec). The mortgage switch offer is only available on transfer of existing mortgages from another lender or financial institution to The Bank of Nova Scotia and does not apply to refinance transactions. Prepayment charges with your existing lender may be applicable if the mortgage has not reached its maturity date.

Subject to credit approval. Offer applies to new ScotiaLine Personal Line of Credit accounts (the “Account”) opened by November 14, 2023. The introductory interest rate of Prime + 1.50% takes effect when the Account is opened and will then continue for six months from that date. After the 6-month promotional period, the interest rate for Account balances that were at Prime + 1.50% will increase to the regular interest rate of Scotiabank Prime plus an adjustment factor (to be disclosed after credit adjudication).  Scotiabank Prime is the prime lending rate of The Bank of Nova Scotia published from time to time and is subject to change. We may also change the adjustment factor with prior notice. You can find the current Scotiabank Prime rate here. No annual fee. Rates and fees are subject to change. For current rates and information on fees and interest, call 1-888-882-8958

The Scotiabank Small Business Welcome Offer (the “Offer”) is available to small business customers who open a new Select Account for business (the “Account”) between August 14, 2023 to November 14, 2023 (the “Offer Period”) at the Scotiabank St. Laurent et Jean-Talon Branch, 7175 boulevard Saint-Laurent Montreal, QC, H2S 0B2.. The primary holder of the Account qualifies for a monthly plan fee waiver on the Account provided the Account is in good standing. The 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 (3) consecutive months. The monthly plan fee waiver will apply to the first bill cycle following the activation of the Account and will continue for 3 billing cycles. Following the third billing cycle, you will begin to see the applicable Account monthly plan fee charged to your monthly Account statement.

Employees of The Bank of Nova Scotia (“Scotiabank”) and individuals and business entities who are currently holders/joint holders of a Scotiabank small business chequing account as at August 14, 2023 are not eligible. This Offer is non-transferable; maximum one (1) Offer per business entity. If more than one (1) Account is opened, the Offer awarded will be based on the first Account opened.

All other Account transaction fees will continue to apply. Should you exceed the monthly transaction limits for Select Account for business plans A-C, additional transactions will be charged on a “pay-per-use” basis. Chase Merchant Transactions (debits and credits) are included at no charge.

This Offer may be changed, cancelled or extended and cannot be combined with any other offers except as permitted.

The 0.2% Bonus Interest Rate Offer (the “Offer”) is available for 6 months on new Right Size Savings for business accounts (the “Account”) opened between August 14, 2023 and November 14, 2023 (the “Offer Period”). To be eligible, the client must also agree to these Offer Terms & Conditions by signing an Offer Letter, which can be obtained from their Small Business Advisor. A minimum balance of $10,000 is required for interest calculation. The 0.2% Offer rate (the “Offer Rate”) will apply over and above the Progressive Tier interest rates payable on the Account. The Offer Rate will apply to New Deposits made to the Account balance for the first 6 months only commencing two (2) business days after the later of (i) the client accepting the Terms & Conditions of the Offer Letter, or (ii) the Account opening date, to a maximum of $2,000,000 in the Account. The Offer Rate is an annualized rate, calculated on the daily closing credit balance and paid monthly. The Offer Rate is an annualized rate, calculated on the daily closing balance Interest is calculated and paid to your account at the end of the statement cycle. “New Deposits” is defined as any funds that have not been in a Scotiabank Small Business Account for more than 30 days. After the 6-month period ends, all balances in the Account will earn interest at the then current applicable Progressive Tier interest rates payable on the Account. Progressive Tier (also known as blended interest) implies that the portion of the credit balance within each tier will earn the corresponding interest rate for that tier. The sum of the interest earned at each tier will give you the total interest. No interest is paid on Account balances exceeding $2,000,000 million. The Account is available in Canadian Dollars only. A single legal entity can only have 1 Right Size Savings for business Account. This Offer and interest rate may be changed, extended, or withdrawn at any time without notice. This Offer is only available to the individual named on the Offer Letter and is not transferable. For complete product terms and conditions please refer to Your Guide to Fees & Interest Schedules also available at Scotiabank.com or contact your Small Business Advisor.

 

Interest is calculated on the applicable portion of the daily closing balance in each tier, at the corresponding rate for that tier. Interest will be paid on the entire balance up to $2,000,000 when the minimum daily closing balance of $10,000 is met. Interest is calculated and paid to your account at the end of the statement cycle. Posted interest rates are subject to change without notice. For the most current posted interest rates, please visit scotiabank.com/rates.

 

There are separate fees related to the Electronic Banking for business and ScotiaConnect digital banking services.  Please refer to the “Your Guide to Fees and Interest Schedules” on Scotiabank.com. As this account is intended for savings, a fee of $5.00 is applied on the following debit transactions (per item): ABM Withdrawals, Cheques, Direct Payments, Bill Payments (ABM, Scotia OnLine, ScotiaConnect or TeleScotia), and Other Debits. All other standard pay-per-use banking transaction, deposit and sundry service fees as outlined in “Your Guide to Fees and Interest Schedules”, amended from time to time, apply.

 

This Offer Letter is the only notice you will receive detailing the conditions of this 6-month Interest Rate Bonus offer. Please retain a copy for your records.