Earn up to $600 with a Scotiabank banking package and an investment plan1

Here’s how you can earn up to $600

  • Step 1

    Open a new Ultimate or Preferred Package account.

  • Step 2

    Complete qualifying transactions to earn $3501.

  • Step 3

    Open an eligible registered plan.

  • Step 4

    Complete certain qualifying transactions to earn up to $2501.

STEP 1

Open a new Ultimate or Preferred Package account

Complete this step between August 1 and October 31, 2024.

CHEQUING

Preferred Package

$0* or $16.95 /monthly fee

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

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

CHEQUING

Ultimate Package

$0* or $30.95 /monthly fee

*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 Account1

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

STEP 2

Complete two of the following transactions to earn $3501

Within 60 days, complete two of the following: 

money

Set up and clear one eligible automated recurring direct deposit that recurs for 6 months in a row

money

Set up and clear two eligible separate recurring pre-authorized transactions of at least $50 that recur for 6 months in a row

files

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

STEP 3

Open an eligible registered plan1

Between August 1, 2024 and October 31, 2024 and within 60 days of opening your new chequing account. 

Tax-Free Savings Account (TFSA)


Grow your savings,
tax-free

Withdraw your money
whenever you need to

Save for multiple goals
in one account


Is this registered account right for you?
 
  Right for you if you:
  • Have reached the age of majority in the province where the account is set up
  • Need an all-purpose solution that offers the flexibility to save for many goals in one account
  • Expect to have annual contribution room that is not based on your earned income
  • Want your savings to grow over time tax-free with ability to withdraw your money whenever you need it
  May not be right for you if you:
  • Do not have available TFSA contribution room
  • Want to be able to make contributions that can be tax deductible – if so, consider a Registered Retirement Savings Plan

Registered Retirement Savings Plans (RRSP)


Contribute to your retirement savings
on tax deferred basis

Reduce your taxable income
while your investments grow tax-free

Leverage your funds 
to programs for your first home or education


Is this registered account right for you?
 
  Right for you if you:
  • Plan on making a contribution to your RRSP to reduce your taxable income while your investments grow on a tax-deferred basis
  • Understand the maximum you can contribute each year as set by the Canadian Government, which depends on your income
  • Have funds in an RRSP that are eligible for programs that can help you buy your first home or pay for education for you, your spouse, or your common-law partner
  May not be right for you if you:
  • Do not have available contribution room
  • Are turning 71 this year - since you can only hold and contribute to an RSP until the year in which you turn 71

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


Is this registered account right for you?
 
  Right for you if you:
  • Are a Canadian Resident
  • Have reached the age of majority in the province where the account is set-up
  • Are a First Time Home Buyer
  • Want your savings to grow over time with the ability to withdraw all of the funds tax-free to buy your first home
  May not be right for you if you:
  • Are not a first-time home buyer*
  • Are not a Canadian Resident
  • Are turning 72 this year -since you can only hold and contribute to a FHSA until the year in which you turn 71

STEP 4

Complete the following activities to earn up to $2501

Within 60 days in your eligible registered account:

money

To earn $50

  • Set up and clear a recurring pre-authorized contribution(s) of at least $100 total per month from any Scotia personal bank account, recurring for 6 months; and/or
money

To earn $200

  • Make a minimum deposit of $5,000 and maintain for 6 months in a row

Frequently asked questions


For every future

Banking for students

Accounts that help you save while you learn.

New to Canada

Bank with no monthly account fees in the first year23 with the StartRightTM Program.

Banking for seniors 

If you’re 60 or over, you’ll automatically receive a $7 discount on your Ultimate Package monthly fee.

Make the most of your account

Set up your new account

Learn how to make the most of your account.

Get rewarded with Scene+  

Scotiabank offers the only credit and debit cards that allow you to earn Scene+ points on every purchase24. 

Looking for a credit card? 

Whether you want a card with a low interest rate, no annual fee, or cash back benefits, we’ll help you choose the one that’s right for you.