Credit card fees at a glance

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Important Notice: Effective April 1, 2021, certain fees are changing from $3.50 or $4.00 (as applicable) to $5.00 on Personal Scotiabank American Express Credit Card Accounts and Personal and Small Business Scotiabank Visa* Credit Card Accounts.  View more details on all changes.

Effective February 1, 2020, unless otherwise indicated.

Transaction fees

  Current transaction fees Changes effective April 1, 2021
Dishonoured payment fee $48.00 No Change
Non-sufficient funds fee $48.00 No Change
Replacement sales draft, cash advance draft or monthly statement fee $5.00 No Change
Overlimit fee $29.00 No Change
Foreign currency conversion1 2.5% No Change
Balance transfer fee (for transfers to Scotiabank accounts or to non-financial institutions) $3.50 $5.00
Cash advance counter fee (any financial institution in Canada) $3.50 $5.00
Cash advance counter fee (financial institutions outside of Canada) $7.50 No Change
Cash advance fee (including cash-like transactions)2 $4.00 $5.00
Scotia Credit Card Cheque fee $3.50 $5.00
Promotional low rate fee3
 3% of each transaction amount (min. fee of $3.50)
 3% of each transaction amount (min. fee of $5.00)
Fast Card fee4
 $20.00
 No Change
Credit Balance Administration fee5
 The lesser of $25.00 or the amount of credit balance.
 No Change

ABM fees

  Current ABM fees Changes effective April 1, 2021
Cash advance ABM fee (any Scotiabank ABM in Canada) $3.50 $5.00
Cash advance ABM fee (non-Scotiabank ABMs in Canada) $3.50 $5.00
Cash advance ABM fee (ABMs outside of Canada) $7.50 No Change
Cash advance ABM fee (Global ATM Alliance Bank ABM outside of Canada)
 $3.50
 $5.00

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Note: All information is effective as of February 1, 2020, unless otherwise indicated and subject to change. All fees, rates and charges are charged on the account on the date the transaction occurs, unless otherwise noted.

 

For information on current interest rates, fees and other charges, call 1-888-882-8958.

 

1

A foreign currency conversion fee of 2.5% of the converted amount, applied to both debit and credit transactions. This does not apply to the following cards: Scotiabank Passport™ Visa Infinite* Card and Scotiabank Gold American Express Card, for which there is no foreign currency conversion fee (only the exchange rate applies). In all cases, see your disclosure statement for your card and the credit agreement that applies for more information about foreign currency conversion.    

2

This Cash Advance fee applies to all cash advances including cash-like transactions.  Cash-like transactions are transactions that are similar to cash or convertible into cash (monetary transactions) and include but are not limited to, wire transfers, foreign currency, travellers cheques, money orders, remote stored value, gaming chips and some lottery tickets. American Express Cards are not presently accepted for the purchase of lottery tickets or gaming chips.  Cash advances include balance transfers and Scotia Credit Card Cheques, but different fees applies to those transactions as shown above.

3

Promotional low rate fee: 3.00% (unless waived or reduced by us in the offer) of the amount of each transaction under a promotional low rate offer made to you (minimum fee of $3.50). A promotional rate means the rate is lower than your preferred annual interest rates. Promotional low rate offers may apply to cash advances, balance transfers or Scotia Credit Card Cheques and cash-like transactions.  The exact promotional low rate fee will be disclosed to you at the time the offer is made.

4

Charged when a replacement Scotia Momentum Mastercard is sent by courier at Cardholder’s request.

5

The lesser of $25.00 or the amount of credit balance. This fee will apply if there is inactive credit balance(s) for a period of at least 12 months on the Scotia Momentum Mastercard and will be assessed annually thereafter. Fee is applied on the day after the 12 months of inactivity.

®

Registered trademark of The Bank of Nova Scotia

™

Trademark of The Bank of Nova Scotia.

American Express is a registered trademark of American Express. This credit card program is issued and administered by The Bank of Nova Scotia under license from American Express.

®*

Mastercard and the Mastercard Brand Mark are registered trademarks of Mastercard International Incorporated and used under license by The Bank of Nova Scotia.

*

Visa Int./Licensed User.