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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 October 30, 2026 and March 4, 2027 (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 eligible Registered 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 four (4) 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 four (4) 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 five (5) eligible 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, 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 Registered Account Bundle Conditions

3. To qualify for a $200 cash bonus (the “$200 Registered Bundle Bonus”), you must meet all of the conditions for the $700 Package Bonus and, within 60 days of opening your Eligible Chequing Account, open a new Eligible Registered Account (as defined below).
 

4. For the purposes of this Offer, the following Scotia Registered Accounts opened with either The Bank of Nova Scotia (“Scotiabank”) or Scotia Securities Inc. are defined as “Eligible Registered Accounts”: Scotia Registered Retirement Savings Plans (excluding Spousal RRSPs and locked-in plans such as LIRAs and LRSPs) (each an “RRSP”), Scotia Tax-Free Savings Accounts (each a “TFSA”) and Scotia First Home Savings Accounts (each a “FHSA”). Scotia RRIFs (including locked-in income plans), RESPs, RDSPs, and non-registered Scotia Investment Accounts are not included in the definition and are not eligible for the Offer.

 

$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:

6. $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.
 

7. $200 Registered Bundle Bonus: In order to qualify for the $200 Registered Bundle Bonus, individuals who have held the same type of Eligible Registered Account (as that opened during the Offer Period) with Scotiabank in the six (6) months preceding the Offer Period are not eligible for this Bonus.
 

8. $100 Credit Card Bundle Bonus: Individuals who are currently or were previously primary 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.
 

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

 

Offer Fulfillment
 
10. 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 seven (7) months from account open date.

b) the $200 Registered Bundle Bonus will be deposited to your Eligible Scotiabank Chequing Account within approximately eight (8) months from the Eligible Registered Account open date.

c) the $100 Credit Card Bundle Bonus will be deposited to your Eligible Scotiabank Chequing Account within approximately eight (8) months from the credit card open date.

11. 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.

12. For any cash bonus to be fulfilled, the Eligible Chequing Account, the Eligible Registered 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. An Eligible Registered Account is not in 'good standing' if the account holder is in breach of the Eligible Registered Account’s client account agreement. Clients are responsible to confirm their applicable registered plan contribution limits prior to making any contribution to their Eligible Registered Account(s). 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.

13. 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 Registered Account is opened, only the first Eligible Registered Account opened will be eligible for the $200 Registered Bundle Bonus. If more than one (1) Eligible Credit Card Account is opened, only the first Eligible Credit Card Account opened will be eligible for the $100 Credit Card Bundle Bonus.

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

General Terms

15. This Offer is non-transferable and may not be duplicated. Limit of one (1) $700 Package Bonus, one (1) $200 Registered 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, Eligible Registered Accounts, or Eligible Credit Card Accounts opened.

16. All rates, fees, features and benefits are subject to change. All other terms and conditions of the Accounts continue to apply.

17. 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 November 9, 2026 and November 9, 2027 at the Willoughby Town Centre Branch, B100-7980 206A Street, Langley, BC, V2Y 3Z9. 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.

All mortgages are subject to meeting Scotiabank's standard credit criteria residential mortgage standards and maximum permitted loan amounts.
® Registered trademark of The Bank of Nova Scotia.

1. Up to $2,500 in Newfoundland and up to $1,200 in Quebec.

Some conditions may apply. Offers only available on transfers of existing mortgages from another lender or financial institution to The Bank of Nova Scotia. Prepayment charges with your existing lender may be applicable if the mortgage has not reached the maturity date. This program can be changed or withdrawn at any time without notice and may not be combined with any other discounts, offers or promotions.

 

2. The minimum mortgage amount is $100,000 and 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. Scotiabank will pay a maximum of $1,100 ($1,200 for Quebec and $2,100 for Newfoundland) 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 or through eHOME online application). The mortgage must be funded within 120 days of the application date.

 

3. Subject to meeting Scotiabank's standard credit criteria residential mortgage standards and maximum permitted loan amounts.  A new application may be required to add or change products under the STEP in some circumstances and if you request a change to the credit limits of your products, you may be asked to provide updated information and/or submit a new application.  In some cases, a new mortgage registration may be required. Not all mortgage solutions may be eligible to be included as part of STEP.  Additional restrictions and conditions may apply.

 

4. The credit limit increase will be applied as long as the designated ScotiaLine account has not reached the STEP maximum borrowing limit or the maximum allowable credit limit for that account and the total of all revolving credit accounts under the STEP has not reached 65% of the home’s value.  Other terms and conditions apply.

 

5. The minimum mortgage amount is $100,000 and the new mortgage must be set up as a closed fixed rate mortgage with a term between 2 and 5 years or, a closed variable rate mortgage with a 5 year term. Scotiabank will pay $500 to help cover your switch costs.  The application must be for a home that you ordinarily occupy as your residence. This amount will be deposited to the account you designate for collection of your mortgage payments within 5 business days of your mortgage closing date.  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. The mortgage must be funded within 90 days of the application date. This offer is not available in Quebec.

 

6. No monthly account fees for a year offer conditions: To qualify for a monthly account fee waiver on a new Preferred or Ultimate Package for up to 1 year (the “Offer”), you must:

a. (i) Open a new or transfer an existing Eligible Mortgage (as defined below), which is funded on or after August 1, 2024 or (ii) renew your existing Scotiabank Eligible Mortgage on or after August 1, 2024;

b. Open a new Ultimate Package or Preferred Package (each a “Package”) after August 1st, 2024 and within 120 days before or after funding/renewal date, as applicable; and

c. Within 60 days of Package opening and Eligible Mortgage funding/renewal (whichever occurs later), set up recurring Pre-Authorized Debit (PAD) mortgage payments from the new Ultimate Package or Preferred Package.

d. The monthly Package account fee waiver will begin immediately upon the later of Package opening and Eligible Mortgage funding/renewal and will continue for as long as the PAD mortgage payment for the Eligible Mortgage continues to be withdrawn from the Package, up to a maximum of 1 year. All other applicable service charges on the Package will continue to be applied.

 

The Offer is only available on eligible new Scotiabank residential mortgages, transfers of existing eligible residential mortgages from another lender or financial institution to The Bank of Nova Scotia, and renewals of existing eligible residential Scotiabank mortgages. The minimum mortgage amount must be $100,000 and the mortgage must be set up as a residential closed term mortgage with a term of at least 1 year (each an “Eligible Mortgage”). Refinancings and applications for increases to existing Scotiabank mortgage amounts are excluded from this Offer. All mortgage applications are subject to meeting Scotiabank's standard credit criteria, residential mortgage standards and maximum permitted loan amounts. If transferring an existing Eligible Mortgage, prepayment charges with your current lender may be applicable if the mortgage has not reached its maturity date.

 

To qualify, the primary borrower or any co-borrower(s) of the Eligible Mortgage must not be current holders of a Scotiabank Chequing Account (as defined below) or be previous holders of a Scotiabank Chequing Account within the last two (2) years. “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, Preferred Package for Students and Youth. Employees of Scotiabank are also not eligible for the Offers. This Offer may be changed, withdrawn, suspended or extended any time without notice.

Subject to credit approval. Offer applies to new ScotiaLine Personal Line of Credit accounts (the “Account”) opened by November 9, 2027. 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 November 9, 2026 and November 9, 2027 (the “Offer Period”) at the Willoughby Town Centre Branch, B100-7980 206A Street, Langley, BC, V2Y 3Z9. 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 November 9, 2026 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.

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.