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Banking advice and solutions for medical students

Earn up to $650 to manage your monthly expenses.

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Let us contact you 

Want to learn more about how our Physician Banking Program can best serve your needs? Please share your contact information and how we can best reach you and one of our Scotiabank Advisors or Healthcare Specialists will contact you.

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Advice for medical students

Medical school can be expensive, and managing your finances can also be stressful. You deserve specialized advice and answers to your questions to help you navigate this important chapter in your career. We break down some of the top questions pre-med and medical students ask.

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Frequently asked questions

Banking solutions for medical students

Scotiabank has worked with MD Financial Management (MD), to deliver the Scotiabank Healthcare+ 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
  • Open a new Scotia Professional® Student Plan Line of Credit to earn $300.
    See full eligibility criteria and conditions. 
    Get started

Scotiabank Ultimate Package

  • Monthly account fee waiver with no minimum balance required (approximate value of $371/year)3
  • Earn $350 cash4 when you open a new Scotiabank Ultimate Package by December 16, 2021
  • Unlimited debit transactions5, Interac e-Transfer transactions and Scotia International Money Transfers6
  • Up to $139 annual fee waiver each year on select credit cards7
  • Earn an additional 0.10% interest on your MomentumPLUS Savings Account8
  • Unlimited free Global non-Scotiabank ABM withdrawals9

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 fee10
  • Earn up to 30,000 bonus Scene+TM points in your first year11 (value of up to $300)
  • Earn up to 2X Scene+ points on eligible purchases12
  • Complimentary airport lounge membership including 6 free visits per year13 (value of $300)
  • No foreign transaction fees on foreign currency purchases made on your card (only the exchange rate applies)14 and comprehensive insurances15
  • Preferred annual interest rates are 19.99% on purchases and 22.99% on cash advances, annual fee $139 for primary card, $0 for one additional supplementary card and $50 for each additional supplementary card thereafter
  • To qualify, the customer must have a minimum annual income of $60,000 or a minimum household income of $100,000 or a minimum assets under management of $250,000

Scotiabank Gold American Express® Credit Card

  • Save the annual fee16
  • For a limited time, earn up to 40,000 bonus Scene+ points in your first year17 (value of up to $400)
  • Earn up to 5X Scene+ points on eligible purchases18
  • No foreign transaction fees on foreign currency purchases made on your card (only the exchange rate applies)14 and comprehensive insurances15
  • Preferred annual interest rates are 19.99% on purchases and 22.99% on cash advances, annual fee $120 for primary card, $29 for each additional supplementary card

Ready to talk?

Find the right Advisor for your personal needs.

Scotiabank Advisor

To learn more, contact an Advisor or call Scotiabank Healthcare+ at 1-888-222-3918

MD Advisor

Already an MD client or want to talk about your financial plans? Contact your MD Advisor or visit md.ca