Get Growing Switch Package - Business BankingLine of credit fee waived for the first 5 months2
Top reasons to choose this Switch Package
If you’re looking for a bank that understands you and your business that:
Saves you time with online and on-the-go access to match your needs
Has free online planning tools
Has specially trained Small Business Advisors that will work with you to find the right financial solutions for you and your business
|Annual fee waived on the Scotia Momentum® for business VISA*||2.99% introductory interest rate on balance transfers for the first 6 months5|
|Prime for the first 6 months6||With a new ScotiaLine® for business VISA* your rate is Scotiabank prime for the first 6 months|
|Overdraft fee waived for 5 months7||The standard monthly credit fee is waived for the first 5 months|
|And more…||Visit your local Scotiabank Branch or call us at 1.877.552.5522 for additional details|
How to open a Business Account
Find out how to open your business account with ease
How to apply for Business Credit
Find out how to make this a smoother process
Free Scotia® InfoAlerts
Get an email or text notification every time money moves through your account.
Eligible for CDIC Insurance7
For full details of coverage limitations, refer to the CDIC brochure. Protecting Your Deposits, or ask for a copy at your Scotiabank branch
The standard monthly credit facility fee is $25 per month as of August 1, 2016 for Credit Line for business and Credit Line for agriculture. Subject to change and credit approval.
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.
The introductory 2.99% interest rate applies to cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions) only (the 'Offer'). This rate applies when the new Scotiabank credit card account ('Account') is opened by June 30, 2018 (the 'Offer End Date') and will continue for 6 months from that date ('the Promotional Period'). This offer cannot be used to transfer a balance from another Scotiabank Account, or to make a payment or deposit to another Scotiabank Account. After the Promotional Period, the 2.99% interest rate on any promotional balances (including any that remain unpaid after the Promotional Period ends) will increase to the preferred interest rate on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions) that applies on your Account. Offer applies only to new Scotiabank credit card accounts opened by the Offer End Date. Former or current Scotiabank credit cardholders that transfer from an existing Scotiabank credit card account or re-open a closed Scotiabank credit card account are excluded from this Offer. Offer may be changed or extended and cannot be combined with any other offer. The preferred annual interest rates for the Account are: 19.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia®^ Credit Card Cheques and cash-like transactions). Rates and fees are subject to change. Scotia Momentum for business Visa Cash Back Program Terms and Conditions (81 Kb)
The annual interest rate and the credit limit are determined by Scotiabank based on creditworthiness and whether security is provided. The annual interest rate for a secured ScotiaLine for business Visa card currently is Prime rate + 1% or Prime rate + 1.5%. The annual interest rate for an unsecured ScotiaLine for business Visa card currently ranges between Prime rate + 2.49% to Prime Rate + 5.49%. The Prime rate refers to the Prime lending Rate of The Bank of Nova Scotia as published from time to time.
Deposits are eligible to be insured under the CDIC Act only if they are in Canadian currency, have a term of 5 years or less and are payable in Canada.
Registered Trademark of The Bank of Nova Scotia
Visa Int./Licensed User.