Legal

All banking and credit products and services are offered by The Bank of Nova Scotia (“Scotiabank”) unless otherwise noted. 

Credit and lending products are subject to credit approval by Scotiabank. Terms and conditions apply to all reward programs and benefits and should be reviewed carefully before applying. All offers, rates, fees, features, reward programs and benefits and related terms and conditions are subject to change. Visit scotiabank.com or speak with your MD Advisor or a Scotiabank representative for full details.

 

® Registered trademarks of The Bank of Nova Scotia.

 

™ Trademark of The Bank of Nova Scotia.

 

American Express is a registered trademark of American Express. The Scotiabank Gold American Express® credit card program is issued and administered by The Bank of Nova Scotia under license from American Express.

 

* Visa Int./ Licensed User.

 

MD Financial Management includes MD Financial Management Inc., MD Management Limited, MD Private Trust Company, MD Life Insurance Company and MD Insurance Agency Limited.

 

MD Financial Management provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies. For a detailed list of these companies, visit md.ca.

 

Pursuits™ is provided for clients of The Bank of Nova Scotia by Ten Lifestyle Group plc, doing business as Ten Group (“Ten Group”). All travel and entertainment services provided through Pursuits will be provided by Ten Group, an independent third party, and not The Bank of Nova Scotia or its affiliates. The Bank of Nova Scotia and its affiliates do not make any representations, warranties, or guarantees in respect of the services offered by Ten Group, and do not accept any liability for any loss arising from any use of the services offered by Ten Group. Calls to Pursuits are charged at a local rate. Charges for the products or services provided will be notified at the time of booking. Calls may be recorded. Your contact details are held with permission so we can keep you informed of special events and access. They are never passed on to a third party. Pursuits service is made available to clients of The Bank of Nova Scotia for their convenience.

 

The annual interest rate will vary with Scotiabank Prime and, where applicable, the adjustment factor. Scotiabank Prime is the prime lending rate of Scotiabank published from time to time and is subject to change. We may also change the adjustment factor with prior notice. You can find the current Scotiabank Prime lending rate at www.scotiabank.com/ca/en/0,,1070,00.ht or by contacting Scotiabank 1(800) 4SCOTIA (1-800-472-6842).

 

Additional fees apply for shared ABM services, cross-border debit transactions and other banking services not included in the Scotia One™ account package.

 

3 Priority Pass™ membership is only for the Primary Cardmember on the Scotiabank Passport™ Visa Infinite* account. It includes access to airport lounges participating in the Priority Pass program. For complete Priority Pass terms and conditions, please visit www.prioritypass.com/Conditions-of-use.cfm. Priority Pass™ membership and services are provided by a third party and offered through Visa Canada. Scotiabank and its affiliates are not responsible for Priority Pass™ membership and services.

 

4 Scotiabank will not charge you Foreign Transaction Fees on foreign currency transactions, only the exchange rate applies. The term “Foreign Transaction Fees” is a substitute for “Foreign Currency Conversion” as described in the application disclosure statement for your new Card. This fee relates to the mark-up that is typically charged by credit card issuers in addition to the exchange rate. See the Foreign Currency Conversion section of the Application Disclosure Statement for this Card for full details.

 

5 Scotiabank is not an insurer. All claims for insurance indemnities must be forwarded to the insurers. Complete details of the coverage are in the Certificate of Insurance and Terms and Conditions provided with the new Card.

 

6 You will earn 2 points per $1 on the first $50,000 in eligible purchases made on your Scotiabank Passport™ Visa Infinite* account (the “Account”) annually. After that, you will earn 1 point per $1 on eligible purchases made on the Account. For more details, see the Scotia Rewards Program Terms and Conditions for this Account at scotiabank.com or contact Scotiabank at 1(800) 4SCOTIA (1-800-472-6842) for more details. Scotia Rewards® points are not awarded for cash advances (including, balance transfers, Scotia® Credit Card Cheques or cash-like transactions), payments (except recurring bill payments), returns, refunds or other similar credits, fees, interest or other charges.

 

7How to earn up to 45,000 bonus Scotia Reward points in your first year: Open a new Scotiabank Passport Visa Infinite credit card account (“Account”) and get an exclusive welcome bonus of 5,000 Scotia Reward points upon activation (the “Welcome Bonus”). Plus, if you open the Account by June 30, 2019 you can earn a 30,000 Scotia Reward point bonus with your first $1,000 in everyday eligible purchases if made within the first 3 months (the “Bonus Offer”). And as a Scotiabank Passport Visa Infinite credit cardholder you can earn an annual Scotia Rewards point bonus (the “Annual Bonus”) starting at 10,000 points when you spend at least $40,000 in everyday eligible purchases annually on your Account. See below for complete terms and conditions. 

 

The current annual fee for the Account is $139 for the primary card, $0 for one supplementary card and $50 for each additional supplementary card. The current preferred annual interest rates for this Account are: 19.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions). All rates, fees, features and benefits are subject to change. 

 

To be eligible for the 5,000 Welcome Bonus, your new Account must be activated within 60 days of your Account open date. The 5,000 bonus points will appear as a points adjustment on the Primary cardholder’s Scotia Rewards Account statement within 2 statement cycles of your first card purchase provided the Account is open and in good standing. 

 

To be eligible for the 30,000 Bonus Offer, you must have at least $1,000 in eligible purchases posted to your new Account in the first 3 months from the Account open date. Any bonus points received under the Bonus Offer will be credited to the primary cardholder’s Scotia Rewards account within 5 to 10 business days after the first 3 months has passed, provided the Account is open and in good standing at time of payout. Bonus Offer applies to new Accounts only opened by June 30, 2019. 

 

To be eligible for the Annual Bonus, you must make at least $40,000 in eligible purchases annually on your Account in a year (12-months). Annual period starts from the Account open date. The 10,000 bonus points will be applied within two statement cycles after you have met the $40,000 annual spend threshold on the Account or within two statement cycles after you have met each additional $10,000 annual spend threshold on the Account, provided your Account is open and in good standing. 

 

For both the Welcome Bonus and Bonus Offer, former or current Scotiabank credit cardholders of any kind in the past 2 years, including those that transfer from an existing Scotiabank credit card account or re-open a closed Scotiabank credit card account, are excluded. Eligible purchases for the Bonus Offer and Annual Bonus  include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers, Scotia® Credit Card Cheques or cash-like transactions), interest, fees or other charges. For all offers, an Account is considered in good standing if it is not delinquent (past due) or over limit and the Cardholders(s) is not in breach of the Revolving Credit Agreement that applies to the Account. All offers and bonuses may be changed, canceled or extended and cannot be combined with any other offers except as otherwise specified.

 

8 You will earn 4 points per $1 on the first $50,000 in eligible purchases made annually on the Scotiabank American Express® credit card account (the “Account”) at American Express merchants in select categories. You will earn 1 point per $1 on purchases made after you have reached the 4 points per $1/$50,000 annual spend maximum and on all other purchases made with the Account. For more details see the Scotia Rewards Program Terms and Conditions for this Account at scotiabank.com or contact Scotiabank at 1(800) 4SCOTIA (1-800-472-6842).

 

9 Scotia Rewards® Travel Service and Travel Booking Site provided by a duly licensed third-party travel agent.

 

10 You can purchase eligible travel or related travel purchase or expense (the “Post Purchase Travel Redemption”) at any travel provider you choose other than the Scotia Rewards® Travel Service (e.g., other travel agencies, tour operators and online travel websites) and redeem Scotia Rewards® points within 12 months from the date you made the Post Purchase Travel Redemption. Minimum point redemption is 5,000 points (5,000 points is equivalent to $50 in travel savings) towards each Post Purchase Travel Redemption.

 

11 Earn 3% cash back on the first $50,000 in eligible purchases made annually on the Scotia Momentum® for business Visa* card account (the “Account”). For more details see the Scotia Rewards® Program Terms and Conditions for this Account at scotiabank.com or contact Scotiabank at 1(800) 4SCOTIA (1-800-472-6842).

 

12How to earn up to 50,000 bonus Scotia Reward points in your first year: Open a new Scotiabank Passport Visa Infinite Business credit card account (“Account”) by June 30, 2019 and you can earn a 35,000 Scotia Reward point bonus with your first $5,000 in everyday eligible purchases for your business if made within the first 3 months (the “Bonus Offer”). And as a Scotiabank Passport Visa Infinite Business credit cardholder you can earn an annual Scotia Rewards point bonus (the “Annual Bonus”) starting at 15,000 points when you spend at least $60,000 in everyday eligible purchases annually on your Account. See below for complete terms and conditions. 

 

The current annual fee for the Account is $199 for the primary card, $0 for one supplementary card and $50 for each additional supplementary card thereafter. The current preferred annual interest rates for this Account are: 19.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions).  All rates, fees, features and benefits are subject to change. 

 

To be eligible for the 35,000 Bonus Offer, you must have at least $5,000 in eligible purchases posted to your new Account in the first 3 months from the Account open date. Any bonus points received under the Bonus Offer will be credited to the primary cardholder’s Scotia Rewards account within 5 to 10 business days after the first 3 months has passed, provided the Account is open and in good standing at time of payout. Bonus Offer applies to new Accounts only opened by June 30, 2019. Former or current Scotiabank credit cardholders of any kind in the past 2 years, including those that transfer from an existing Scotiabank credit card account or re-open a closed Scotiabank credit card account, are excluded from the Bonus Offer.

 

To be eligible for the Annual Bonus, you must make at least $60,000 in eligible purchases annually on your Account in a year (12-months). Annual period starts from the Account open date. The 15,000 bonus points will be applied within two statement cycles after you have met the $60,000 annual spend threshold on the Account or within two statement cycles after you have met each additional $15,000 annual spend threshold on the Account, provided your Account is open and in good standing. 

 

Eligible purchases for the Bonus Offer and Annual Bonus include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers, Scotia® Credit Card Cheques or cash-like transactions), interest, fees or other charges. For all offers, an Account is considered in good standing if it  is not delinquent (past due) or over limit and the Cardholders(s) is not in breach of the Revolving Credit Agreement that applies to the Account. All offers and bonuses may be changed, cancelled or extended and cannot be combined with any other offers except as otherwise specified.

 

You will earn 1.5 Scotia Rewards points per $1 on eligible business purchases. Points are not awarded for Cash Advances (including Balance Transfers, Scotia® Credit Card Cheques and Cash-Like Transactions), returns, refunds or other similar credits, card payments, fees, interest charges or other charges. Scotia Rewards points must be redeemed within 60 days of account closure or they will be deleted permanently. If your account is not in good standing, the accumulated Scotia Rewards points are not eligible for redemption.  See the Scotia Rewards program terms at www.scotiarewards.com for more information.

 

13Get $300 bonus when you open a Scotia One chequing account. To qualify for the $300 bonus Offer, you must:Open a new Scotia One chequing account by June 30, 2019; and Complete two (2) of the following three (3) activities in your Eligible Account within 60 days of opening: a. Set up an eligible recurring direct deposit (e.g., employer payroll, pension provider, or government) which will recur monthly for a minimum of three (3) consecutive months, or b. Set up a minimum of two (2) eligible separate recurring pre-authorized transactions (e.g., utility payments, property taxes, loan/mortgage payments) with a minimum value of at least $50 per transaction which will each recur monthly for a minimum of three (3) consecutive months, or c. Make at least one eligible online bill payment (e.g. utility bill, hydro bill, credit card payment, cable) of at least $50 through the Scotiabank Mobile App or through Scotia OnLine. Scotiabank reserves the right to determine whether a specific recurring direct deposit, pre-authorized transaction or bill payment is eligible for the Offer. The $300 will be paid into the primary account holder’s account within two (2) months following the satisfaction of the conditions outlined above. The account must be open and in good standing until the time of payout of the cash bonus. The account is not in "good standing" if:It has a negative balance exceeding the authorized overdraft limit, orIf it has been in continuous overdraft for a period of three (3) consecutive months. o The $300 bonus Offer is nontransferable and may not be duplicated. Limit of one (1) Offer per customer, regardless of the number of accounts opened. If more than one account is opened, the Offer awarded will be based on the first account opened. For joint accounts, only one (1) cash bonus will be applied to the primary account holder’s account. All rates, fees, features and benefits are subject to change. Offer may be changed, cancelled or extended at any time and cannot be combined with any other offers. Employees of Scotiabank are not eligible for the $300 cash offers. Individuals who are currently or were previously holders / joint holders of a Scotiabank chequing account within the last two (2) years are not eligible for the $300 cash Offer

 

14To be eligible for the 15,000 bonus Scotia Rewards points offer (this “Offer”), you must have at least $1,000 in eligible purchases posted to your Scotiabank credit card account (“Account”) in the first 3 months from the Account open date. Eligible purchases include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers, Scotia® Credit Card Cheques or cash-like transactions), interest, fees or other charges. The bonus points will appear as an adjustment on your Account statement within 2 statement cycles after the third billing cycle has passed provided the Account is open and in good standing at time of payout. The Account is considered in good standing if it is not delinquent (past due) or over limit and the Cardholder(s) is not in breach of the Revolving Credit Agreement that applies to the Account. Offer applies to a new Account only opened by June 30, 2019. Former or current Scotiabank credit cardholders of any kind in the past 2 years, including those that transfer from an existing Scotiabank credit card account or re-open a closed Scotiabank credit card account, are excluded from this Offer. The current annual fee is $99 for the primary card and $29 for each additional supplementary card. The current preferred annual interest rates for the Account are: 19.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia® Credit Card Cheques and cash-like transactions).

 

All rates, fees, features and benefits are subject to change. Offers may be changed, cancelled or extended and cannot be combined with any other offers.

 

Scotiabank Legal