Whether it’s paying for medical school, preparing for residency, managing debt, or starting to invest, we understand the challenges you face throughout your medical training. Scotiabank provides what you need to help make it easier to focus on your medical studies and career. In addition to the Scotia Professional Student Plan Line of Credit of up to $300,000 at Prime -0.25%1, as a medical student or resident you can receive savings and rewards on personal banking solutions to help you manage your finances.
| Potential Savings and Rewards in the First Year^ | Your Cost for the Product | Fee Savings in the First Year | Limited Time Bonus |
|---|---|---|---|
| Scotia OneTM Chequing Account | $0 | Monthly account fee waiver valued at $167 annually | $300 cash offer13 |
| Scotiabank Passport™ Visa Infinite* Card | $0 | $139 annual fee rebate◊ | $450 value Earn a bonus of up to 45,000 Scotia Rewards® points7 |
| Airport Lounge Membership including 6 lounge access passes | $0 | $300 value | - |
| Scotiabank Gold American Express® Credit Card | $0 | $99 annual fee rebate◊ | $150 value Earn a bonus of up to 15,000 Scotia Rewards®points14 |
| TOTAL SAVINGS & REWARDS | Over $1,600 | ||
^Actual savings and bonuses earned will depend on products accepted by client and eligibility for applicable offers.
◊Note that if client also accept a Scotia Professional Student Plan Line of Credit, the credit card fee rebates will be fulfilled as fee waivers.
Scotia Professional Student Plan Line of Credit
- Up to $300,000 at Prime -0.25%1 fully available upon approval and setup
- May have the option to continue with a revolving line of credit post-schooling and residency
Saving & Rewards:
- No Annual Fee
Scotia One™ Chequing Account
- Unlimited self-serve and teller transactions2
- Unlimited monthly Interac e-Transfer rebates
- Auto-approval for $5,000 of overdraft protection
- Choice of reward program (SCENE® or Scotia Rewards®)
Savings & Rewards:
- Monthly account fee waiver (save $13.95 a month)
- $300 bonus for opening a new account13
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
- Complimentary airport lounge membership that includes 6 free visits per year3
- No foreign transaction fees on foreign currency purchases made on your card (only the exchange rate applies)4 and comprehensive insurances5
- Earn up to 2X Scotia Rewards® points on eligible purchases6
- Scotia Professional Student Plan customers receive an annual fee waiver until 1-year post graduation; customers not in Scotia Professional Student Plan receive a first-year fee rebate only.
- Preferred annual interest rates are 19.99% on purchases and 22.99% on cash advances
Savings & Rewards:
- Save on your annual fee ($139 waiver until 1-year post graduation for SPSP clients / first year rebate of $139 for non-SPSP clients)
- Earn up to 45,000 bonus Scotia Rewards® points in your first year7
Scotiabank Gold American Express® Credit Card
- Earn travel rewards up to 4X faster8 than our other cards
- Redeem Scotia Rewards® points for travel anywhere, anytime, with no travel restrictions9,10
- Preferred annual interest rates are 19.99% on purchases and 22.99% on cash advances.
Savings & Rewards:
- Save on your annual fee ($99 waiver or rebate◊)
- Earn 15,000 bonus Scotia Rewards points with your first $1,000 in everyday purchases in the first 3 months14
Already an MD client and want to talk about your financial plans? Contact your MD Advisor or visit en.onboardmd.com
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.