Banking Solutions for Early Career

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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 ProductFee Savings in the First YearLimited Time Bonus
Scotia OneTM  Chequing Account
$0Monthly account fee waiver valued at $167 annually-
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

^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®)

Effective October 1, 2019, we’re introducing additional features to the Scotia One Account, changing its name to Preferred Package and increasing the monthly fee from $13.95 to $15.95.  Physician customers will receive a monthly account fee waiver ($15.95 a month) on the new Preferred Package. Learn more

Savings & Rewards:

  • Monthly account fee waiver (save $13.95 a month)

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)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 up to 5X Scotia Rewards® points on eligible everyday purchases8
  • No foreign transaction fees on foreign currency purchases made on your card (only the exchange rate applies)4 and comprehensive insurances5

Savings & Rewards:

  • Save on your annual fee ($120 waiver or rebate)
  • Earn up to 30,000 bonus Scotia Rewards® points in your first year9 (value of $300)

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.