CHEQUING
Discover Scotia's chequing accounts
Earn up to $800 with a Scotiabank banking package and eligible investment plans5,◊.
Chequing accounts designed for seniors
Tailored to fit your lifestyle, our chequing accounts offer the security and convenience you deserve.
MOST PERKS
Ultimate Package
$0* or $23.95 per month
($7 senior’s discount applied)
Earn up to $800 with an Ultimate Package and eligible investment plans.5,◊
Get the offer
Unlimited
debit and Interac e-Transfer† transactions6
Ongoing annual fee waived
on select credit cards (up to $150)7
10 free equity trades
with Scotia iTRADE® in your first year8
MOST POPULAR
Preferred Package
$0* or $12.95 per month
($4 senior’s discount applied)
Earn up to $800 with a Preferred Package and eligible investment plans.5,◊
Get the offer
Unlimited
debit and Interac e-Transfer† transactions6
First year annual fee waived
on select credit cards (up to $150)11
Trade 1, get 1 free
with Scotia iTRADE®12
THE ESSENTIALS
Basic Plus Bank Account
$0* or $7.95 per month
($4 senior's discount applied)
Up to 25 free
debit transactions per month6
Free
Interac e-Transfer† transactions
Send money globally
for $1.99 per transfer13
BANKING, SIMPLIFIED
Basic Bank Account
Just $0 per month
($3.95 senior's discount applied)
12 free
transactions per month6
Unlimited
Interac e-Transfer† transactions
Need help choosing an account?
Included with every Scotia account
Mobile and online banking
Mobile cheque deposit
Free credit score††
Convenient shopping with VISA* Debit and Interac Flash† payments
Apple Pay, Google Pay, and Samsung Pay
Frequently asked questions
Bank better
Advice+ for seniors
Whatever your retirement goals are, we’re here to help.
Looking to change your Scotia account?
We’ll help you make the switch.
Get the Scotiabank Passport® Visa Infinite* Card
Scotiabank is the only major bank offering you no foreign transaction fees, including for shopping online or abroad.1
Discover our
services
More account information
Get to know
your account
Scotiabank - DAY-TO-DAY
N/A | pdf : 765
KB
Compared to other consumer credit cards publicly offered by Canadian Schedule 1 banks as of March 3, 2023.
We do not charge any foreign currency conversion fees, only the exchange rate applies. See the Application Disclosure Statement, under "Foreign Currency Conversion Fees" section for full details.
Value of up to $360 in welcome bonuses and point value with the Scene+TM Student Banking Bundle includes $100 cash bonus and up to 13,250 in bonus Scene+ points (valued at up to $132.50) as follows:
- $100 cash offer for new Student Banking Advantage® Plan customers
- 5,000 Scene+ points ($50 value) for new Scotiabank® SceneTM Visa* Card customers
- 1,250 Scene+ points ($12.50 value) for new customers who combine the products above with a new MomentumPLUS Savings Account
- 5,000 Scene+ points ($50 value) when you bundle all 3 of the above accounts and complete certain qualifying transactions
- $149.90 in savings with the Scotia iTRADE® perk for Student Banking Advantage Plan holders ($4.99 per trade and Trade 1 Get 1 Free at Scotia iTRADE®)
Conditions apply. Please see Scotiabank® Scene+TM Bundle for Students Offer.
The Scotiabank $600 Cash Bonus Bundle Offer (the “Offer”) is available between August 1, 2024 and October 31, 2024 (the “Offer Period”) to individuals who open new eligible accounts. Subject to the conditions below, eligible customers can earn $350 when they open a new Preferred Package or Ultimate Package and complete certain qualifying transactions and an additional $50 boost when they open a new eligible Registered Retirement Savings Plan, Tax-Free Savings Account or First Home Savings Account (each an “Eligible Registered Account”) with either The Bank of Nova Scotia or Scotia Securities Inc. (together, “Scotiabank”) and complete certain qualifying transactions.
For the purposes of this Offer, the following Scotia registered accounts are eligible for the Offer: Registered Retirement Savings Plans (RRSPs, excluding locked-in plans such as LIRAs and LRSPs) (each an “RRSP”), Scotia Tax-Free Savings Accounts (each a “TFSA”) and Scotia First Home Savings Accounts (each a “FHSA”). Scotia RRIFs (including locked-in income plans), RESPs, RDSPs, and non-registered Scotia Investment Accounts are not eligible for the Offer.
$350 Cash Bonus for Preferred or Ultimate Package Conditions: To qualify for the $350 cash bonus (the “Package Bonus”), you must:
- Open a new Ultimate Package or new Preferred Package (the “Eligible Chequing Account”) during the Offer Period; and
- Complete any two (2) of the following activities in your Eligible Chequing Account within 60 days of Eligible Chequing Account opening:
- Set up and clear at least one eligible automated and recurring direct deposit†, such as payroll or pension, which will recur monthly for a minimum of six (6) consecutive months, or
- Set up and clear a minimum of two (2) separate eligible recurring pre-authorized transactions† with a minimum value of at least $50 per transaction which will each recur monthly for a minimum of six (6) consecutive months, or
- Make at least one (1) eligible online bill payment† of at least $50 through the Scotiabank Mobile App or through Scotia OnLine.
† Click here for a list of eligible direct deposits, pre-authorized transactions and online bill payments. Notwithstanding a transaction may be included in these lists, certain exclusions may still apply and Scotiabank reserves the right to modify these lists and to determine whether a specific direct deposit, pre-authorized transaction or bill payment is eligible for the Package Bonus. Fund transfers initiated to other Scotiabank accounts (one time or recurring, e.g. credit card or savings account), to chequing or savings accounts held at other financial institutions, or to payment processing firms, are not eligible for the Package Bonus.
$50 Registered Account Bundle Conditions: To qualify for the $50 cash bonus (the “Bundle Bonus”), you must meet the conditions for the $350 Package Bonus, and:
- During the Offer Period and within 60 days of opening your Eligible Chequing Account, open a New Eligible Registered Account; and
- Complete any one (1) of the following activities in your Eligible Registered Account within 60 days of Eligible Registered Account opening:
- Set up and clear a recurring pre-authorized contribution (PAC) from any Scotiabank personal bank account of at least $50 total per month into your new Eligible Registered Account, which must recur monthly for a minimum of six (6) consecutive months, or
- Contribute or transfer in a minimum qualifying Investment amount of $3,000 into your new Eligible Registered Account and maintain that minimum qualifying investment amount for a minimum of six (6) consecutive months.
Eligibility and Exclusions: Individuals who are currently holders of, or who were previously holders within the last two (2) years of, a Scotiabank Chequing Account are not eligible for the Package Bonus. “Scotiabank Chequing Account” means any of the following accounts: Ultimate Package, Preferred Package, Scotia One Account, Basic Plus Bank Account, Basic Banking Plan, Basic Bank Account, Momentum Chequing, Power Chequing, Scotia One Service, Scotia Value, Student Banking Advantage Plan. Employees of Scotiabank are also not eligible for these Offers. In order to qualify for the Bundle Bonus the individual cannot have held the same type of Eligible Registered Account (as that opened during the Offer Period) with Scotiabank in the six (6) months preceding the Offer Period.
General Terms: Provided all Package Bonus conditions outlined above have been met, the $350 Package Bonus will be deposited to the Eligible Chequing Account within approximately nine (9) months from Account open date. Provided all the Bundle Bonus conditions outlined above have been met, the additional $50 Bundle Bonus will be deposited to your Eligible Chequing Account within approximately thirteen (13) months from the Eligible Registered Account open date. You have 24 months from the date you believe you have fulfilled the Offer conditions to notify us if you have not received the applicable cash bonus so that we may confirm your eligibility.
For either cash bonus to be fulfilled, the Eligible Chequing Account and the Eligible Registered Account, as applicable, must be open and in good standing until the time of payout of the cash bonus. The Eligible Chequing Account is not in "good standing" if any of the following conditions are not met: (i) it has a negative balance exceeding the authorized overdraft limit, (ii) it has been in continuous overdraft for a period of three (3) consecutive months, or (iii) the Account holder is in breach of the Account agreement with Scotiabank. For purposes of this Offer, an Eligible Registered Account is not in 'good standing' if the account holder is in breach of the Eligible Registered Account agreement. Customers are responsible to confirm their contribution limits noted on their most current Notice of Assessment issued by the Canada Revenue Agency prior to making any contribution to their Eligible Registered Account(s). Scotiabank is not responsible for any contribution over a customer’s limit in connection with this Offer. For a spousal RRSP, the Bundle Bonus will be paid into the Eligible Chequing Account opened by the contributor.
This Offer is non-transferable and may not be duplicated. Limit of one (1) Package Bonus and one (1) Bundle Bonus per customer, regardless of the number of Eligible Chequing Accounts or Eligible Registered Accounts opened. If multiple Eligible Chequing Accounts or Eligible Registered Accounts are opened, only the first Eligible Chequing Account or first Eligible Registered Account opened, as applicable, will qualify for the respective Package Bonus or Bundle Bonus. For joint accounts, only one (1) $350 Package Bonus and one (1) $50 Bundle Bonus, as applicable, will be applied to the primary account holder’s Eligible Chequing Account. All rates, fees, features and benefits are subject to change. This Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.
Value of up to $1,800 is calculated as follows: i) up to $687.30 first year value with the StartRight Program + ii) Up to $1,137 in Preferred Package, TFSA/RRSP and Scotiabank Passport Visa Infinite welcome offer and first year point earn potential:
1. Value of up to $687.30 is an annual potential value for the first year based on the following benefits and savings available to StartRightTM customers as of March 1, 2024:
- $203.40 in account fee savings for a Preferred Package chequing account ($16.95 monthly account fee waived for first 12 months);
- $280 in fee savings when compared to in-branch Swift Wire Transfers (assumes an annual average of 7 in-branch Swift Wire Transfers at $40 per transfer);
- $99.90 in fee savings for 10 free equity trades with iTRADE (10 free equity trades per year at $9.99/trade);
Actual value will depend on individual usage of the StartRight™ Program features and products. Conditions apply. All products and features are subject to change.
2. Value of up to $1,137 in Scotiabank welcome offers and first year point earn potential includes the following offers as of March 1, 2024:
- $400 ($350 cash offer for new Preferred and Ultimate Package clients who complete certain qualifying conditions plus an additional $50 when you open a new RRSP, FHSA, or TFSA and set up an eligible recurring PAC or deposit and maintain a minimum balance);
- $300 value for new Scotiabank Passport Visa Infinite customers who can earn up to 30,000 bonus Scene+TM* points plus $150 annual fee waiver on your first supplementary card;
- $287 in first year point earn potential (28,733 Scene+ points) on everyday purchases based on average annual first year spend per account with an average spend of 19% in 2x accelerator categories.
Actual offers and rewards earned will depend on individual card usage and eligibility for applicable offers. Conditions apply.
◊Customers must meet eligibility requirements to open a Scotia RSP or Scotia TFSA by providing a valid Social Insurance Number (SIN). While customers may open a Scotia RSP or Scotia TFSA with an eligible Temporary SIN, customers must provide a valid permanent SIN or a new expiry date before the temporary SIN's expiry date. Failure to do so will result in the Canada Revenue Agency (CRA) de-registering the account, which may have tax implications. Additionally, there are tax implications related to Scotia RSP and Scotia TFSA when a customer becomes a non-resident of Canada. We suggest that customers consult with their tax advisors or visit CRA’s website for further information. If Scotia Securities Inc. is the dealer of your Scotia RSP or Scotia TFSA, your account will be restricted should you become a non-resident of Canada, and any Pre-authorized Contributions (PACs) set up on the account will be cancelled.
As of January 1, 2023, new and existing Preferred Package bank account holders who have an existing Scotia iTRADE account qualify for the following benefit:
- Trade one get one free using the Scotia iTRADE Mobile App: Receive a rebate for the commissions incurred for every second eligible commissionable trade placed through the Scotia iTRADE Mobile App (up to a maximum of 10 in the first calendar year and thereafter while the Scotia iTRADE customer is a Preferred Package bank account holder). The rebate relating to options will be applied to base commissions only.
Trade one get one free rebates: The rebate will be applied to the account holder’s non-registered Scotia iTRADE account, or in its absence, their registered Scotia iTRADE account, in CAD currency (converted from USD to CAD for trades executed in USD, using the applicable foreign exchange rate) within the first 10 business days of the month following the month that the trades were executed.
Eligibility & Exclusions:
- Eligible commissionable trades include stocks, ETFs, options placed across all Preferred Package account holder(s)’ Scotia iTRADE accounts within the calendar year since the later of January 1, 2023 and the time when a client opens a Scotia iTRADE account.
- Corporate and non-personal Scotia iTRADE accounts are not eligible.
- Joint Preferred Package account holders are collectively entitled to the rebates for the total of the first 10 or 20 (as applicable) eligible trades fulfilled within their Scotia iTRADE accounts as between joint Preferred Package account holders regardless of whether or not such Scotia ITRADE accounts are sole or joint with other people.
- Both the Preferred Package bank account and Scotia iTRADE accounts must be in good standing on the last day of every month.
- The Scotia iTRADE account must not be in a disallowed debit position and must not have any outstanding margin calls due.
- No cash redemption value.
- This offer can be combined with other Scotia iTRADE programs (excluding Student Banking Advantage Plan offer) and campaigns unless otherwise specified. Should free trade rebates be awarded for the other programs and campaigns, those free trades will be applied first until fully consumed before applying Preferred Package free trades rebate.
Scotia iTRADE® (Order-Execution Only) is a division of Scotia Capital Inc. (“SCI”). SCI is regulated by the Investment Industry Regulatory Organization of Canada and is a member of the Canadian Investor Protection Fund. Scotia iTRADE does not provide investment advice or recommendations and investors are responsible for their own investment decisions.
What happens when you’re no longer a student? When your student status expires based on Scotiabank’s records or you have failed to provide proof of enrollment confirming your full-time student status, the plan will be removed and the account will be converted to the Preferred Package as of December 1st following the date of your student status expiry.
As of January 1, 2023, new and existing Student Banking Advantage Plan account holders who open a new Scotia iTRADE account for the first time qualify for both of the following benefits:
- Preferred $4.99 pricing on eligible commissionable trades (regularly $9.99). Note: it will take up to 10 business days from the date of opening a new Student Banking Advantage Plan or Scotia iTRADE account for the discounted $4.99 commission pricing to apply.
- Trade one get one free using the Scotia iTRADE Mobile App: Receive a rebate for the commissions incurred for every second eligible commissionable trade placed through the Scotia iTRADE Mobile App (up to a maximum of 20 in the first calendar year, and 10 in the second calendar year and thereafter while the Scotia iTRADE customer is a Student Banking Advantage Plan account holder). The rebate relating to options will be applied to base commissions only.
As of January 1, 2023, new and existing Student Banking Advantage Plan account holders who have an existing Scotia iTRADE account qualify for both of the following benefits:
- Preferred $4.99 pricing on eligible commissionable trades (regularly $9.99). Note: it will take up to 10 business days from the date of opening a new Student Banking Advantage Plan or Scotia iTRADE account for the discounted $4.99 commission pricing to apply.
- Trade one get one free using the Scotia iTRADE Mobile App: Receive a rebate for the commissions incurred for every second eligible commissionable trade placed through the Scotia iTRADE Mobile App (up to a maximum of 10 in the first calendar year and thereafter while the Scotia iTRADE customer is a Student Banking Advantage Plan account holder). The rebate relating to options will be applied to base commissions only.
Trade one get one free rebates: The rebate will be applied to the account holder’s non-registered Scotia iTRADE account, or in its absence, their registered Scotia iTRADE account, in CAD currency (converted from USD to CAD for trades executed in USD, using the applicable foreign exchange rate) within the first 10 business days of the month following the month that the trades were executed.
Eligibility & Exclusions:
- Eligible commissionable trades include stocks, ETFs and options placed across all Student Banking Advantage Plan account holder(s)’ Scotia iTRADE accounts within the calendar year since the later of January 1, 2023 or the time when a client opens a Scotia iTRADE account.
- Corporate and non-personal Scotia iTRADE accounts are not eligible.
- The student (the primary account holder of the Student Banking Advantage Plan account) can be either the primary or joint account holder of the Scotia iTRADE account.
- Only the primary account holder of a Student Banking Advantage Plan account will be entitled to receive the preferred $4.99 pricing or get their commissions reimbursed for every second eligible commissionable trade, as applicable, into their Scotia iTRADE account.
- Both the Student Banking Advantage Plan account and Scotia iTRADE accounts must be in good standing on the last day of every month.
- The Scotia iTRADE account must not be in a disallowed debit position and must not have any outstanding margin calls due.
- No cash redemption value.
This offer can be combined with other Scotia iTRADE programs (excluding Preferred Package) and campaigns unless otherwise specified. Should free trade rebates be awarded for the other programs and campaigns, those free trades will be applied first until fully consumed before applying Student Banking Advantage Plan free trades rebate.
A Student Banking Advantage Plan holder can get a total value of $149.90 if they complete at least 20 eligible commissionable trades on the mobile app in a calendar year, which value is comprised of the $50 total value of the discounted commission on 10 trades and the $99.90 value of the 10 free trades.
Scotia iTRADE ® (Order-Execution Only) is a division of Scotia Capital Inc. (“SCI”). SCI is regulated by the Investment Industry Regulatory Organization of Canada and is a member of the Canadian Investor Protection Fund. Scotia iTRADE does not provide investment advice or recommendations and investors are responsible for their own investment decisions.
Visa Int./Licensed user. Click here for more information on Zero Liability.
Apple, the Apple Logo, Apple Pay, iPhone, iPad and Touch ID are trademarks of Apple Inc., registered in the U.S. and other countries.