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
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)$2.50$2.50$2.50$2.50

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
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 40,000 bonus Scene+ points in your first year (that’s up to $400 towards travel). Plus, no annual fee in the first year.1

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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