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Scotiabank Account Fees at a Glance
Changes to accounts and service fees
Effective November 1, 2008, some personal banking accounts and service fees will change.
Find out more [PDF: 97 KB]

Day-to-Day Bank Accounts

Day-to-Day Bank Accounts
Scotia Powerchequing® Account No fees with $2,000
minimum monthly balance.
Otherwise, $3.95/mth
covers 15 self-service
transactions including cheques
Basic Banking Account $3.95/mth
covers 12 transactions,
including up to 4 teller-assisted
Basic Banking Plan $7.00/mth
covers 50 self-service transactions
including cheques
Scotia One™ Account $9.95/mth
Covers Unlimited transactions (teller-assisted or self-service)
Scotia Value ®Account $11.95/mth
Covers 50 transactions (teller-assisted or self-service); plus a variety of no-charge and discounted everyday banking services.
Scotia U.S. Dollar Daily Interest Account No fees with U.S. $200
minimum monthly balance.
Otherwise, U.S. $1.00/mth
covers 2 debit transactions.

Special Feature Plans
Getting There®Savings Program for Youth
(under age 19)		 No monthly fee
Covers 20 transactions
(teller-assisted or self-service)
Student Banking Advantage®
(post-secondary students)		 $1.25/mth
Covers unlimited teller-assisted or self-service transactions (including cheques).
Scotia Plus®
(age 59 and over)		 No monthly fee
Unlimited free teller-assisted or self-service transactions; plus a variety of no-charge and discounted banking services available on request.

Fees for Individual Transactions
(when not covered by a monthly account fee)
Self-service Transactions By ABM, Telephone, Internet, Direct Payment, Pre-authorized Payment and Cheque
Withdrawal 65¢
Transfer 65¢
Bill Payment 65¢
Direct Payment Purchase 65¢
Cheque 65¢
Teller Transaction At branch - 65¢

Savings Accounts
Money Master® Savings Account No monthly fee
Unlimited free transfers using Scotia OnLine, TeleScotia® ABM or wireless banking
(all other debit transactions are $5.00 each)
Scotia Gain Plan® Investment Savings Account No monthly fee
Includes 2 free transactions
Additional transactions are $1.25 each
Daily Interest Savings No monthly fee
Each transaction 85¢
Scotia Euro Daily Interest Savings Account No fees with €200 minimum
monthly balance.
Otherwise, €1.00/mth
covers 2 debit transactions.

Fees for Shared ABM Services

Interac Fee
(Withdrawal from chequing or savings account at another bank's ABM in Canada)

 $1.50
(account debit fee also applies if not included in your monthly account fee)
Interac Fee
(VISA cash advance at another bank's ABM in Canada)		 $2.00
(account debit fee also applies if not included in your monthly account fee)
VISA or PLUS System
(Withdrawal from chequing or savings account at another bank's ABM within the U.S.)		 $3.00
(account debit fee also applies if not included in your monthly account fee)
VISA or PLUS System
(withdrawal from chequing or savings account at another bank's ABM outside Canada and the U.S.)		 $5.00
(account debit fee also applies if not included in your monthly account fee)
VISA or PLUS System
(VISA cash advance at another bank's ABM outside Canada)		 $5.00
(account debit fee also applies if not included in your monthly account fee)
Scotiabank's membership in the Global ATM Alliance means you pay no surcharges or access fees when you withdraw cash at select bank ATMs around the world.

Inquiries
Balance inquiry no charge
ABM Mini Statement 75¢
Each in-branch record of activity in your account since the last statement $1.00

General Fees
Each Canadian or U.S. Dollar Money Order $6.50
Each draft, any currency $6.50
Exchanging rolled coin for non-customers $2.00 per $100.00
($2.00 minimum fee)
Processing postdated deposit $2.00 per deposit
Processing mailed-in deposit $2.00 deposit
Regular American Express Travellers Cheques 1.25% commission of face value
$3.00 minimum fee)
American Express Cheques for Two® (available in U.S. Dollars only) 1.75% commission of face value
($3.00 minimum fee)
American Express Gift Cheques (available in Canadian Dollars only) 3.00% commission of face value
( $3.00 minimum fee)

Cheque and Payment Processing Service Fees
Certified cheques
- at your request:
- at holder's request:


$10.00
$15.00
Stop payment of cheque or pre-authorized debit
- if details are complete:
- if details are incomplete:

$12.50
$20.00
Cheque processed in foreign currency on a Canadian Dollar account where the Canadian equivalent of the cheque amount is
- under $1,000
- $1,000 and over

$10.00
$15.00
Cheque processed on your account where your account and bank identification numbers are not fully MICR-encoded $5.00
Cheque or other debit item returned for insufficient funds (NSF) $40.00
Each cheque or pre-authorized debit deposited and subsequently returned (for third party items deposited to your account) no charge
Teller-assisted bill payment
-Processed through a Scotiabank account

-Paid in cash
-Paid by cheque drawn from another financial institution
no charge (debit transaction fee applies)
$1.50
$1.50

Personalized Cheques - Available Free of Charge
Account Cheque Style Singles Duplicates Other cheque styles for these accounts are available at regular rates.
Scotia Value Securitone Aqua 50
per order		 50
per order
Scotia Plus Program Unique "Scotia Plus" Style 200
per order		 100
per order
Prices for personalized cheques on all other accounts that offer chequing services vary depending upon the cheque style and quantity. Details are available at your branch.
Please note that cheques are subject to applicable taxes.

Transfers
Each automatic pre-arranged transfer
of funds between your Scotiabank
personal Canadian Dollar deposit accounts
(debit transaction fee applies)
 free
Each manually processed pre-arranged transfer of funds between your Scotiabank personal deposit accounts (debit transaction fee applies)
 $1.50
Each transfer by branch staff between your Scotiabank personal deposit accounts due to telephone/fax/mail request, or to cover cheques (debit transaction fee applies)
 $4.50
(optional advice $5.00)
Transferring a Scotiabank account balance to another financial institution
 $20.00
When you use Scotia OnLine Financial Services or TeleScotia telephone banking services for fund transfers from Canadian dollar to US dollar bank accounts, 0.02 will be added to Scotiabank's posted US dollar Client Buy rate. Similarly, for fund transfers from US dollar to Canadian dollar bank accounts, 0.02 will be subtracted from Scotiabank's posted US dollar Client Sell rate. The exchange rate quoted at transaction time will include this amount, as appropriate.

Record Keeping and Searches
If you need help updating your personal banking records in addition to passbook and statement services, we provide the following services:
Balance inquiry

no charge
Paperless record keeping

no charge
Passbook update at selected automated banking machines no charge
Passbook record keeping fee
Basic Banking Account

$2.00 per month
(Scotia Plus Program - $0.00)
Passbook record keeping fee
Daily Interest Savings and the Scotia Gain Plan Investment Savings Account.
(This fee is charged in any month where the daily closing balance in the account falls below $500.)		 $1.50 per month
(Scotia Plus Program - $0.00)

Each copy of account statement

 $5.00

Each in-branch record of activity in your account since the last statement

 $1.00
Each Passbook Statement
(Automatically generated after 50 transactions have been processed through a passbook account without a passbook update)

$2.00
Each advice of transaction sent by mail or fax

$5.00
ABM Mini Statement

75¢
ABM Bill Payment History Printout

75¢
Cheque image return with paper statement when not included in monthly account fee

$2.00
Scotia OnLine Cheque Image Viewing - View electronic images of cheques cleared through your account within the last 90 days.

$1.50 or Free with Paperless RecordKeeping

If you ask us to retrieve an image of a cheque cleared through your account, the cheque image retrieval fees are as follows: For each cheque image (front and back) retrieval request within 90 days from the date the cheque was posted to your account

If you ask us to retrieve an image of a cheque cleared through your account, the cheque image retrieval fees are as follows: For each cheque image (front and back) retrieval request after 90 days from the date the cheque was posted to your account.

If you ask us to search our records for you or if we are required to respond to a legal search warrant by a third party about your transactions, the fees are as follows: For each item, per account per month, if the request is within 90 days from the date of the transaction

$3.00

$5.00

$10.00
If the search is after 90 days from the date of the transaction (minimum $15 charge)

$30.00 per hour per employee

Safety Deposit Boxes

Box Size

 Annual Fee
1.5" x 5" x 24" $35.00
2.5" x 5" x 24" $50.00
3.25" x 5" x 24"
$50.00
2.5" x 10.375" x 24" $75.00
5" x 5" x 24" $75.00
5" x 10.375" x 24" $135.00
10" x 10.375" x 24" $230.00
* Plus GST, HST, QST as required by Federal and Provincial legislation.

Inactive Accounts/Account Closing
Account closed within 90 days of opening. $20.00
After two year notice of inactivity. $20.00

After three years of inactivity.

After four years of inactivity.

After five year notice of inactivity.

After six years of inactivity.

$20.00

$20.00

$30.00


$30.00

After seven years of inactivity.

After eight years of inactivity.

Nine year notice of transfer to Bank of Canada. The nine year notice of transfer to the Bank of Canada does not apply to U.S. dollar and Euro accounts.

$30.00

$30.00

$40.00


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