Banking advice and solutions for medical students

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Limited time offer

Medical school is a challenge. Paying for it shouldn’t be.

You focus on your education; we’ll help with your education financing.
For a limited time, get up to $650** to help with your monthly expenses.

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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.

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

  • Get up to $650** when you open a new Scotia Professional® Plan Line of Credit and Scotiabank Ultimate Package
  • 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

Scotiabank Ultimate Package

  • Monthly account fee waiver with no minimum balance required (approximate value of $371/year)3
  • Earn $350 cash18 when you open a new Scotiabank Ultimate Package by April 30, 2023
  • Unlimited debit transactions4, Interac e-Transfer transactions and Scotia International Money Transfers5
  • Up to $150 annual fee waiver each year on select credit cards6
  • Earn an additional 0.10% interest on your MomentumPLUS Savings Account7
  • Unlimited free Global non-Scotiabank ABM withdrawals8

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 fee9
  • Earn up to 35,000 bonus Scene+TM points in your first year (that’s up to $350 towards travel)10
  • Earn up to 3X Scene+TM points on eligible purchases11
  • Complimentary airport lounge membership including 6 free visits per year12
  • No foreign transaction fees on foreign currency purchases made on your card (only the exchange rate applies)13 and comprehensive insurances14
  • 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

  • Preferred annual interest rates are 20.99% on purchases and 22.99% on cash advances, annual fee $150 for primary card, $0 for one additional supplementary card and $50 for each additional supplementary card thereafter

Scotiabank Gold American Express® Credit Card

  • Save the annual fee15
  • For a limited time, earn up to 40,000 bonus Scene+TM points in your first year16 (value of up to $400)
  • Earn up to 6X Scene+TM points on eligible purchases17
  • No foreign transaction fees on foreign currency purchases made on your card (only the exchange rate applies)13 and comprehensive insurances14
  • Preferred annual interest rates are 20.99% on purchases and 22.99% on cash advances, annual fee $120 for primary card, $29 for each additional supplementary card

Scene+ makes every experience more rewarding.

Scene+ is our enhanced rewards program that allows members to earn and redeem points for travel, shopping, dining and more.

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