Designed for Dentists 

Terms and conditions

The Scotia Professional Student Plan (SPSP) Line of Credit $300 Incentive Program is offered by The Bank of Nova Scotia (Scotiabank) to eligible participants between November 1, 2022, and January 31, 2023, and is a separate offer from the Scotiabank $350 Ultimate Package Offer, which is offered by Scotiabank to all eligible customers who open a new Ultimate Package by April 30, 2023 and meet all offer conditions.  These offers can be combined by an eligible participant, up to a maximum bonus of $650. Either offer may be changed, cancelled, or extended at any time without notice.

SPSP Line of Credit $300 Incentive Program Conditions:

The SPSP Line of Credit Incentive Program provides eligible participants (“Participants”) with a $300 monetary incentive (the “SPSP Incentive Payment”) when they open a SPSP Line of Credit.

To be eligible to receive the SPSP Incentive Payment a student must:

• apply for a new SPSP Line of Credit between November 1, 2022, and January 31, 2023 (the “Offer Period”);
• and, if approved, open the new SPSP Line of Credit by February 15, 2023;
• not have previously received a SPSP Incentive Payment by opening of a SPSP Line of Credit under a previous offer; and
• have an active Scotiabank chequing account (see below for an additional $350 offer for new Scotiabank Ultimate Package customers); and be registered in a Canadian medical school Or program (excluding residency or fellowship programs); OR has been accepted or is completing a medical residency in Canada; OR a medical fellow who is completing a Canadian fellowship granted by the Royal College of Physicians and Surgeons of Canada; OR a physician with a medical doctorate (MD) who completed their residency or fellowship in 2021 or 2022 and is licensed to practice medicine in a Canadian province or territory.
  Or
• be enrolled in a Canadian university dental degree program; OR has been accepted or is completing a dental residency in Canada, OR a Dentist dental doctorate (with a DDS or DMD) who completed their residency in 2021 and 2022 and licensed to practice dentistry in a Canadian province or territory.

Be advised that your SPSP Line of Credit is subject to credit approval by Scotiabank.

The $300 will be deposited into the eligible Participant’s Scotiabank chequing account on or before March 31, 2023.

Each Participant can qualify for only one SPSP Incentive Payment. This offer may not be combined with any other Scotiabank offers except as otherwise permitted.

Scotiabank may at its sole discretion extend the SPSP Incentive Program end date of January 31, 2023, or, alternatively, terminate the SPSP Incentive Program at any time without notice.

Scotiabank $350 Ultimate Package Offer Conditions: 

To qualify for the $350 offer (the “Offer”), you must:

1. Open a new Ultimate Package (“Eligible Account”) between November 1, 2022, and April 30, 2023; and

2. Complete any two (2) of the following activities in your Eligible Account within 60 days of Eligible Account opening:

• Make at least one (1) eligible online bill payment^† of at least $50 through the Scotiabank Mobile App or through Scotia OnLine, or
• Set up and clear a minimum of two (2) separate eligible recurring pre-authorized transactions^† with a minimum value of at least $50 per transaction which will each recur monthly for a minimum of three (3) consecutive months, or
• Set up and clear at least one eligible automated and recurring direct deposit^†, such as payroll, which will recur monthly for a minimum of three (3) consecutive months.

Eligibility and Exclusions: Individuals who are currently holders of a Scotiabank Chequing Account are not eligible for the Offer. Individuals who were previously holders of a Scotiabank Chequing Account within the last two (2) years are not eligible for the Offer. “Scotiabank Chequing Account” means any of the following accounts: Ultimate Package, Preferred Package, Scotia One Account, Basic Plus Bank Account, Basic Banking Plan, Basic Bank Account, Momentum Chequing, Power Chequing, Scotia One Service, Scotia Value, Student Banking Advantage Plan. Employees of Scotiabank are also not eligible for the Offer.

General Terms: The $350 cash bonus for Ultimate Package will be deposited to the Eligible Account within six (6) months from account open date provided all Offer conditions outlined above have been met. The Eligible Account must be open and in good standing until the time of payout of the cash bonus. The Eligible Account is not in "good standing" if: (i)it has a negative balance exceeding the authorized overdraft limit, or (ii)it has been in continuous overdraft for a period of three consecutive months. This offer is non-transferable and may not be duplicated. Limit of one (1) Offer per customer, regardless of the number of Eligible Accounts opened. If more than one (1) Eligible Account is opened, only the first Eligible Account opened will be eligible for the Offer. For joint accounts, only one (1) cash bonus Offer will be applied to the primary account holder’s Eligible Account. All rates, fees, features and benefits are subject to change. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.