SPECIAL OFFER

Earn up to $800 

With a Scotiabank chequing account and eligible registered plans1,◊

How to earn up to $800

  • Step 1: Earn $4001

    Open a new Ultimate or Preferred Package chequing account and complete two qualifying transactions.

  • Step 2: Earn an extra $501

    Open an eligible registered plan and set up a $100 monthly pre-authorized contribution.

  • Step 3: Earn up to $350

    Deposit and maintain $5,000 in your new registered plan to earn $150. Or, open another eligible registered plan that’s different than the first and deposit and maintain a $5,000 balance to earn $350.

STEP 1

Open a new Ultimate or Preferred Package chequing account

Complete this step by March 3, 2025.

MOST POPULAR

Preferred Package

$0* or $16.95 /monthly fee

Our most popular bank account for your everyday banking needs.


Unlimited 
debit and Interac e-Transfer transactions2

First year annual fee waived
on select credit cards (up to $150)3

Trade 1, get 1 free
with Scotia iTRADE®4

Browse more benefits


Is this chequing account right for you? 
 
  Right for you if you:
  • Can benefit from unlimited transactions included in this account
  • Use for everyday banking such as purchases, ABM transactions and payroll deposits
  May not be right for you if you:
  • Are interested in only opening a savings account that earns interest

*No monthly account fee by maintaining a minimum daily closing balance of $4,000 for the entire month.

MOST PERKS

Ultimate Package

$0* or $30.95 per month

This award-winning package bank account offers premium perks.


Unlimited 
debit and Interac e-Transfer transactions2

Ongoing annual fee waived
on select credit cards (up to $150)12

10 free equity trades
with Scotia iTRADE® in your first year13

Browse more benefits


Is this chequing account right for you? 
 
  Right for you if you:
  • Can benefit from unlimited transactions per month included in this account
  • Use for everyday banking such as purchases, ABM transactions and payroll deposits
  May not be right for you if you:
  • Are interested in only opening a savings account that earns interest

*No monthly account fee by maintaining a minimum daily closing balance of $6,000 in your Ultimate Package, or a combined balance of $30,000 across your Ultimate Package and your MomentumPLUS Savings Account11

Earn $4001 by completing two of the following transactions:

Complete this within 60 days of opening your new chequing account 

money

Set up and receive one eligible automated recurring direct deposit for 6 months.

Schedule

Set up and make two eligible separate recurring pre-authorized transactions of at least $50 each, for 6 months.

Bill payment

Make one eligible bill payment of at least $50 with online or mobile banking.


STEP 2

Open a new registered account

To qualify, complete step 1, then open an eligible registered plan by March 3, 2025.

Tax-Free Savings Account (TFSA)


Grow your savings,
tax-free

Withdraw your money
whenever you need to

Save for multiple goals
in one account


Registered Retirement Savings Plans (RRSP)


Contribute to your retirement savings
on tax deferred basis

Reduce your taxable income
while your investments grow tax-free

Transfer your funds 
to programs that help you buy your first home or pay for your education


First Home Savings Account (FHSA)


Save up to $40,000
towards your first home22

Grow your savings,
tax-free22

Reduce your taxable income
while your investments grow22


STEP 2 OF 2

Complete this by May 31, 2025.

Schedule

The pre authorized contribution must go to your new registered plan. Book an appointment to set up your contribution. 

The contribution must:

  • Come from another Scotiabank personal banking account
  • Recur for at least three months in a row by May 31, 2025
  • Be at least $100 each month

STEP 3

Choose the option that works best for you

Earn an extra $150 by funding your eligible registered plan, or earn $350 when you open a second eligible registered plan type and fund them both.

Option 1: Earn an additional $150

money

If you have qualified for the $50 offer, deposit $5,000 into your new eligible registered plan by March 3, 2025. You must keep the $5,000 in this account until May 31, 2025. 

You are still eligible to earn $150 for completing this step even if you haven't completed the $400 offer conditions. Additional conditions apply

Option 2: Earn an additional $350

money

If you have qualified for the $50 offer, open an additional but different eligible registered plan type by March 3, 2025. 

Browse eligible accounts

money

Deposit $5,000 into both of your new eligible registered plans by March 3, 2025. You must keep the full deposit in each account by May 31, 2025. 

You’re still eligible to earn $350 for completing these steps, even if you haven’t completed the $400 chequing account offer conditions. Additional conditions apply.

Plus, pay no monthly account fees for up to a year by setting
recurring payments to a new or renewed
Scotiabank eligible mortgage.**

Frequently asked questions