Banking solutions for medical students

You’re focused on your training. Let us focus on your financial well-being.

Scotiabank has worked with MD Financial Management (MD Financial), to deliver the Physician Banking ProgramΔ with banking solutions designed to meet your unique needs as a medical student. In addition to the Scotia Professional Student Plan Line of Credit as a medical student you can receive savings and rewards on personal banking solutions to help you manage your finances. 

Scotia Professional Student Plan Line of Credit

  • Up to $350,000 at Prime -0.25%1 fully available at account opening 
  • No payments required until you're finished residency, plus another two years repayment grace period2
  • Option to continue with a revolving line of credit post-schooling and residency 
  • No annual fee

 

Scotiabank Preferred Package Chequing Account

  • Monthly account fee waiver (value of $15.95/month)
  • Unlimited free Interac e-Transfer transactions
  • 1 free non-Scotiabank ABM withdrawal per month in Canada3
  • Earn points on every purchase with choice of reward program (SCENE® or Scotia Rewards®)4
  • No monthly fee on a U.S. Dollar Daily Interest Account5

Select one or both credit cards below to get a combined pre-approved credit limit of up to $10,000

Scotiabank Passport™ Visa Infinite* Card

  • Save the annual fee ($139 annual fee waived continuously  for Scotia Professional  Student Plan customers6; customers not in Scotia Professional Student Plan receive a first-year fee rebate only)
  • Earn up to 45,000 bonus Scotia Rewards® points in your first year7 (value of up to $450)
  • Earn up to 2X Scotia Rewards® points on eligible purchases8
  • Complimentary airport lounge membership including 6 free visits per year9 (value of $300)
  • No foreign transaction fees on foreign currency purchases made on your card (only the exchange rate applies)10 and comprehensive insurances11
  • Preferred annual interest rates are 19.99% on purchases and 22.99% on cash advances

Scotiabank Gold American Express® Credit Card

  • Save the annual fee ($120 annual fee) rebated12 or waived continuously13
  • For a limited time, earn up to 20,000 bonus Scotia Rewards® points in your first year14 (value of up to $200)
  • Earn up to 5X Scotia Rewards® points on eligible purchases15
  • No foreign transaction fees on foreign currency purchases made on your card (only the exchange rate applies)16 and comprehensive insurances11
  • Preferred annual interest rates are 19.99% on purchases and 22.99% on cash advances

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Everything you need to start, build, and navigate your career as a Canadian physician.

To learn more about the banking solutions available to you call a representative at 1-888-222-3918 or book an appointment with an Advisor.