Select Account for business 

Simple. Predictable. Skip the monthly fee. Select Account for business Plan B monthly fee of $40 rebated1 with no minimum balance requirement2 when you sign up for Merchant Services with Chase.

Product benefits

  • Simple, easy-to-understand pricing.
  • Plan options to suit your transaction needs. 
  • No monthly plan fee if you maintain minimum balance every day of the month.3

More great reasons to choose this account

 

  • The choice is yours – Four plans to choose from to suit your business needs 
  • Grows with you –  Easily switch to a higher plan as you grow 
  • No surprise fees – High limit of cash deposits included at no extra charge

Account details

Select Account for business
FeaturesPlan APlan BPlan CUnlimited
Monthly Plan Fee3$20$40$75$120
Monthly Plan Fee Rebate with Minimum Balance4$20,000$35,000$45,000$75,000
Transactions52570125Unlimited
Deposit items6506085Unlimited
Cash Deposits7$6,000$8,000$10,000$30,000
Additional Transaction Fee$1.50$1.50$1.50$0
Additional Items deposit fee$0.25$0.25$0.25$0
Additional Cash Deposit Fee (For every $1,000)$2.60$2.60$2.60$2.60

Fees for sending Interac e-Transfer through Scotia OnLine®

Effective October 13, 2023

Select Account for business (Plan A, Plan B, Plan C)

 Price / Transaction
Transaction / monthCurrent priceNew price
1-20$1.00Free
21 and above$1.00$1.00

Select Account for business (Unlimited Plan)

 Price / Transaction
Transaction / monthCurrent priceNew price
1 and above$1.00Free

Fees for sending Interac e-Transfer through ScotiaConnect®

Free transfers stated above are for ScotiaOnLine and are not applicable to ScotiaConnect. For any Interac e-Transfer transactions completed via ScotiaConnect, standard pricing applies.

Related services

Special offer

Scotiabank Passport® Visa Infinite Business* Card

Earn up to $1,220* in value in the first 12 months, including up to 40,000 bonus Scene+ points1.

More details

ScotiaConnect Digital Banking

See your business account activity, pay employees and business taxes, send and receive EFTs, and more.

Credit Line for business

A valuable tool to help manage your cash flow.

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