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Business banking advice and solutions for practising physicians

Banking that grows with you throughout your career

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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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Business banking advice

Scotiabank's Healthcare Specialists understand the unique financial needs of starting, managing and growing your medical practice.  We have the business banking experience to provide you with tailored advice and solutions to help you manage your finances.

Frequently asked questions

Banking solutions for your practice

Scotiabank’s Healthcare Specialists have partnered with MD Financial Management (MD) to offer tailored advice and banking solutions for your medical practice. The Scotiabank Healthcare+ Physician Banking ProgramΔ offers you business banking solutions and benefits to help you manage your finances.

Scotia Professional® Plan

  • Up to 100% financing for purchase and renovation of a medical building1
  • Scotia Professional® Plan line of credit and term loans available with preferred interest rates
  • Scotia Professional® Plan Lite with up to $10,000 in overdraft protection
  • Low monthly plan fees 

Select Account for Business

  • Monthly plan fee waiver for Plan B (value of $40 a month ) with no minimum balance required
  • Plan B is a premium operating account which includes 70 transactions2 and 60 deposit3 items per month
  • Other Select Account for business plans are available

Scotiabank Passport Visa* Infinite Business Card5

  • First year annual fee waiver for primary card holder6
  • For a limited time, earn up to 40,000 bonus Scene+TM points in your first year7 (value of up to $400)
  • Earn up to 1.5X Scene+ points on eligible business purchases8
  • Complimentary airport lounge membership including 6 free visits per year (value of $300)9
  • 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, annual fee $199 for the primary card, $0 for one additional supplementary card and $50 for each additional supplementary card thereafter

Scotiabank Momentum® for business Visa* Card

  • Annual fee rebate for primary card holder 12
  • 3% cash back on eligible gas station, restaurant and office supply store purchases, and on eligible recurring bill payments and 1% cash back on all other everyday purchases for your business13
  • Longer interest-free grace period of 25 days14
  • 2.99% introductory interest rate on balance transfers for the first 6 months (22.99% after that)15
  • Preferred annual interest rates are 19.99% on purchases and 22.99% on cash advances, annual fee $79 for the primary card, $29 for each additional supplementary card

 

Chase Merchant Services16

  • Comprehensive payment processing solution with competitive rates for debit and credit card processing
  • Free deposits with Scotiabank Business Account Plan17 
  • Next business day funding18

Articles

Thinking about incorporating?

Answer these 5 questions to see whether you should incorporate your medical practice.

Ready to lease or buy real estate for your medical practice?

Here is what you need to know about growing your medical practice, whether you are getting started or ready to expand.

Ready to talk?

Find the right Advisor for your business needs.

Scotiabank Advisor

To learn more, contact a Healthcare Specialist 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