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Banking advice and solutions for medical students

You're focused on your medical training, let us focus on your financial well-being

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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

Scotiabank Preferred Package Chequing Account

  • Monthly account fee waiver (value of $16.95/month)
  • Unlimited free Interac e-Transfer transactions
  • 1 free non-Scotiabank ABM withdrawal per month in Canada3
  • Earn points on every purchase with choice of reward program (SCENE® or Scotia Rewards®)4
  • No monthly fee on a U.S. Dollar Daily Interest Account5

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 fee ($139 annual fee waived continuously  for Scotia Professional® Student Plan customers6; customers not in Scotia Professional® Student Plan receive a first-year fee rebate only)
  • Earn up to 40,000 bonus Scotia Rewards® points in your first year7 (value of up to $400)
  • Earn up to 2X Scotia Rewards® points on eligible purchases8
  • Complimentary airport lounge membership including 6 free visits per year9 (value of $300)
  • No foreign transaction fees on foreign currency purchases made on your card (only the exchange rate applies)10 and comprehensive insurances11
  • Preferred annual interest rates are 19.99% on purchases and 22.99% on cash advances
  • 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 fee ($120 annual fee) rebated12 or waived continuously13
  • For a limited time, earn up to 50,000 bonus Scotia Rewards® points in your first year14 (value of up to $500)
  • Earn up to 5X Scotia Rewards® points on eligible purchases15
  • No foreign transaction fees on foreign currency purchases made on your card (only the exchange rate applies)16 and comprehensive insurances11
  • Preferred annual interest rates are 19.99% on purchases and 22.99% on cash advances

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