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The Scotiabank Cash Bonus Bundle Offer Terms and Conditions

1. The Scotiabank Cash Bonus Bundle Offer (the “Offer”) is available between July 3, 2026 and October 29, 2026 (the “Offer Period”) to individuals who open new eligible accounts. Subject to the Offer conditions, eligible clients can earn $700 when they open a new Preferred Package or Ultimate Package chequing account and complete certain qualifying transactions. Plus, clients who meet the conditions for the $700 bonus are also eligible to earn up to $300 in additional cash bonuses when they bundle their new Preferred or Ultimate Package chequing account with a new Money Master Savings Account and/or a new eligible Credit Card Account and complete certain qualifying transactions/conditions.

$700 Cash Bonus for Preferred or Ultimate Package Conditions

2. To qualify for the $700 cash bonus (the “$700 Package Bonus”), you must:

a. Open a new Ultimate Package or new Preferred Package chequing account (the “Eligible Chequing Account”) during the Offer Period;

b. Within 60 days of Eligible Chequing Account opening, set up and receive at least one eligible automated and recurring direct deposit, such as payroll or pension, which will recur monthly for a minimum of six (6) consecutive months in total; and

c. Within 60 days of Eligible Chequing Account opening, complete any one (1) of the following activities:

        i. Set up and make a minimum of one (1) eligible recurring pre-authorized transaction with a value of at least $50 which will recur monthly for a minimum of six (6) consecutive months, or

       ii. Make at least one (1) eligible online bill payment of at least $50 through the Scotiabank Mobile App or through Scotia OnLine, or

       iii. Complete at least one (1) eligible Visa* Debit purchase 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.

 

3. Click here for a list of eligible direct deposits, pre-authorized transactions and online bill payments. 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 $700 Package Bonus. 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 $700 Package Bonus.

$200 Money Master Savings Account Bundle Conditions

4. To qualify for a $200 cash bonus (the “$200 Savings Bundle Bonus”), you must meet all of the conditions for the $700 Package Bonus, and:

a. During the Offer Period and within 60 days of opening your Eligible Chequing Account:

           i.  Open a new Money Master Savings Account (the “Eligible Savings Account”).

          ii.  Enroll your new Eligible Savings Account in either the Pay Yourself First or the Savings Finder tool (each a “Smart Savings Tool”).

b. Remain enrolled in your selected Smart Savings Tool for 90 consecutive days.

 

5. Enrolment in a Smart Savings Tool is subject to certain eligibility requirements and can only be done through the Scotiabank mobile banking app. For example, enrollment in the Pay Yourself First tool will not be available if you have not had at least 4 recurring deposits to your Scotia Chequing Account at the time you attempt to enroll. Also, both the Eligible Chequing and Savings Accounts must be “Any to Sign” to be eligible for the Smart Savings tools. Only one Smart Savings Tool can be enrolled in at a time but you can switch tools at any time, however, you must remain enrolled in a Smart Savings Tool for 90 consecutive days from the date of first enrolment in Section 4.a.ii. above.  See the Smart Savings Tool Agreement for full terms and conditions.

 

$100 Credit Card Bundle Bonus Conditions

6. To be eligible to receive a $100 cash bonus (the “$100 Credit Card Bundle Bonus”), you must meet all of the conditions for the $700 Package Bonus, and:

a. Within 60 days of opening your Eligible Chequing Account, you must apply for and be approved for an Eligible Credit Card Account in which you are the primary cardholder; and

b. Within 60 days of opening your Eligible Credit Card Account, you must complete at least one Qualifying Purchase on your Eligible Credit Card Account.

A “Qualifying Purchase” is a Purchase (as defined in your credit agreement for your Eligible Credit Card Account) that is posted to your Eligible Credit Card Account, less any refunds, returns or other similar credits on your Eligible Credit Card Account. Qualifying Purchases exclude cash advances (including balance transfers and cash-like transactions), interest charges, fees and payments posted to your Eligible Credit Card Account.

 

“Eligible Credit Card Accounts” currently include the following:

• Scotiabank® Scene+^TM Visa* Card
• Scotiabank Passport® Visa Infinite +*
• Scotiabank Passport® Visa Infinite Privilege* Card
• Scotiabank American Express^® Card
• Scotiabank Gold American Express®
• Scotiabank Platinum American Express® Card
• Scotia Momentum® No-Fee Visa* Card
• Scotia Momentum® Visa*  Card
• Scotia Momentum® Visa Infinite +*
• Scotiabank Value® Visa* Card

Eligible Credit Card Accounts are subject to change.

 

Offer Eligibility and Exclusions:

7. $700 Package Bonus: Individuals who are currently holders of, or who were previously holders within the last two (2) years, of a Scotiabank Chequing Account are not eligible for this Bonus. “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.

8. $200 Savings Bundle Bonus:  Individuals who currently hold or have held a Money Master Account with Scotiabank in the six (6) months preceding the Offer Period are not eligible for this Bonus.

9. $100 Credit Card Bundle Bonus: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank personal credit card in the past 2 years, including those that switch from an existing Scotiabank personal credit card are not eligible for this Bonus.

10. Employees of Scotiabank and all of its subsidiaries are also not eligible for the Offer.

Offer Fulfillment

11. Provided all of the applicable Offer conditions have been met:

a. the $700 Package Bonus will be deposited to the Eligible Chequing Account within approximately nine (9) months from account open date. 

b. the $200 Savings Bundle Bonus will be deposited to your Eligible Savings Account within approximately ten (10)  months from the Eligible Savings Account open date.

c. the $100 Credit Card Bundle Bonus will be deposited to your Eligible Scotiabank Chequing Account within approximately ten (10) months from the credit card open date.  

12. You have 24 months from the date you believe you have fulfilled the applicable Offer conditions to notify us if you have not received the applicable cash bonus so that we may confirm your eligibility. For clients investing in non-Canadian dollar currencies, the investment will be calculated based on Canadian dollar equivalent at the Scotiabank rate on the transaction date to determine eligibility for the offer. All bonuses will be paid in Canadian dollars.

13. For any cash bonus to be fulfilled, the Eligible Chequing Account, the Eligible Savings Account and the Eligible Credit Card Account, as applicable, must be open and in good standing until the time of payout of the cash bonus. The Eligible Chequing Account is not in "good standing" if: (i) it has a negative balance exceeding the authorized overdraft limit, (ii) it has been in continuous overdraft for a period of three consecutive months, or (iii) the Account holder is in breach of the Account agreement with Scotiabank. The Eligible Savings Account is not in “good standing” if it has a negative balance.  An Eligible Credit Card Account is not in “good standing” if it is past due or over limit and the Cardholder(s) is in breach of the Revolving Credit Agreement that applies to the Account.

 

14. If more than one (1) Eligible Chequing Account is opened, only the first Eligible Chequing Account opened will be eligible for the $700 Package Bonus. If more than one (1) Eligible Savings Account is opened, only one Eligible Savings Account that fulfilled the $200 Savings Bundle Bonus conditions will be eligible for the $200 Savings Bundle Bonus. If more than one (1) Eligible Credit Card Account is opened, only the first Eligible Credit Card Account that fulfilled the $100 Credit Card Bundle Bonus conditions will be eligible for the $100 Credit Card Bundle Bonus. If two Eligible Credit Card Accounts fulfill on the same day, the $100 Credit Card Bundle Bonus will be paid into only one of the Eligible Credit Card Account(s).

15. For joint accounts, only the primary Eligible Chequing Account holder is eligible to receive the $200 Savings Bundle Bonus and the $100 Credit Card Bundle Bonus into their Eligible Savings Account and Eligible Chequing Account, as applicable. The primary account holder must be the same client on both the Eligible Chequing Account, Eligible Savings Account, and Eligible Credit Card Account.

General Terms

16. This Offer is non-transferable and may not be duplicated. Limit of one (1) $700 Package Bonus, (1) $200 Savings Bundle Bonus, and one (1) $100 Credit Card Bundle Bonus per client (for a total bonus of up to $1,000), regardless of the number of Eligible Chequing Accounts or Eligible Savings Accounts or Eligible Credit Card Accounts opened.

 

17. All rates, fees, features and benefits are subject to change. All other terms and conditions of the Accounts and Smart Savings Tools Agreement continue to apply. 

 

18. The Offer is non-transferable and may not be duplicated. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers on the Account, unless otherwise permitted by Scotiabank.

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 25, 2025 and August 25, 2026 at the Royalmount Branch, 5050 Côte de Liesse Road, Unit 2545, Town of Mount Royal, H4P 0C9. To qualify for this offer, complete any of the following activities in your Eligible Chequing Account within 60 days of Eligible Chequing Account opening:

• Set up and receive at least one eligible automated and recurring direct deposit, such as payroll or pension, which will recur monthly for a minimum of six (6) consecutive months in total, or
• Set up and make 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 six (6) consecutive months in total.

The monthly 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 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 12 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 August 25, 2026. 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 25, 2025 and August 25, 2026 (the “Offer Period”) at the Royalmount Branch, 5050 Côte de Liesse Road Unit 2545, Town of Mount Royal, H4P 0C9. 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 of August 25, 2025, 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 25, 2025, and August 25, 2026 (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.