Basic Business Account

A simple way to manage your Canadian and US Dollar funds.

Apply now Basic Business Account

Product benefits

  • Account fees tailored to usage
  • Available in both Canadian and US Dollar accounts

Account details

Account features                                                                                               Fees
Monthly fee                                                                                                       

$10.95

Monthly fee waived when the minimum monthly balance is $8,000 or over3

Transactions2 per monthOne free transaction for every $1,500 in the account

Fuelling more together

Hit the road and get up to 3¢/L in value.°

When you link your ScotiaCard for business to Shell Go+.

Learn more

Related services

Overdraft Protection for business

Manage everyday expenses knowing you won't be caught short of funds. 

ScotiaConnect Digital Banking

Enhanced online business banking to approve and submit payments, check balances, EFTs, wires, and more.

Business Taxes

Save time and pay online. Take care of federal taxes, payroll deductions, GST, PST or HST and more. 

Resources

How to open a business account

Eligible for CDIC Insurance

CDIC Badge

Learn about account and service fees.

Business Banking Services Agreement

How can we help?

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1
Chase and the Octagon logo are registered trademarks of JPMorgan Chase Bank, N.A. Deposit fees are waived for Chase Merchant Services customers using selected Scotiabank Business Accounts. The Basic Business Account is excluded.  Refer to Your Guide to Fees and Interest Schedules. Customers are subject to a transaction fee for each of their Visa*, Mastercard® and Interac® deposit transactions if they process payments with a service provider other than Chase Merchant Services. Next-day funding is available to Chase Merchant Services customers for Visa, MasterCard and Interac card transactions only. Next-day funding is subject to merchant credit approval and all funds are subject to fraud monitoring. Qualifying funds are deposited on the next business day, excluding weekends and bank holidays.
2
Account transactions are charged on a “pay per use” basis. Please refer to Your Guide to Fees and Interest Schedules for transaction fees.
3
Maintain $8,000 minimum balance for the entire month and the minimum monthly fee is waived. Minimum monthly fee, monthly plan fees, payment, transaction and additional service fees are published in Your Guide to Fees and Interest Schedules or on individual service agreement forms and are subject to change from time-to-time.
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Scotiabank ScotiaCard for business Cardholders who link their ScotiaCard for business to a Shell Go+ Account can get 3 cents per litre in instant fuel discounts when they purchase fuel with their linked ScotiaCard for business:

Instant 3 cents per Litre Discount on Fuel Purchases (All Grades): Receive an instant 3 cents per litre discount on purchases of fuel (all grades) (“Fuel Purchases (All Grades)”) at participating Shell locations in Canada when you use any eligible Scotiabank debit card or credit card linked to a Shell Go+ Account, up to a maximum of 1,000 litres per month per Scotiabank debit card and per Scotiabank credit card account. This total limit resets at the start of each new month per payment card account. This discount is subject to the Scotiabank Fuel Benefit Terms and Conditions.