The Scotiabank $450 Cash Bonus Bundle Offer (the “Offer”) is available between November 1, 2024 and March 1, 2025 (the “Offer Period”) to individuals who open new eligible accounts. Subject to the conditions below, eligible customers can earn $400 when they open a new Preferred Package or Ultimate Package chequing account and complete certain qualifying transactions and earn an additional $50 boost when they open a new eligible Scotia Registered Account (“Eligible Registered Account”) with either The Bank of Nova Scotia or Scotia Securities Inc. and complete certain qualifying transactions.

For the purposes of this Offer, the following Scotia Registered Accounts are “Eligible Registered Accounts”:  Scotia Registered Retirement Savings Plans (RRSPs, excluding Spousal RRSPs, 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.

$400 Cash Bonus for Preferred or Ultimate Package Conditions: To qualify for the $400 cash bonus (the “Package Bonus”), you must:

1. Open a new Ultimate Package or new Preferred Package chequing account (the “Eligible Chequing Account”) during the Offer Period; and

2. 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 $400 Package Bonus, and during the Offer Period:

1. Open a new Eligible Registered Account; and

2. By March 1, 2025, set up and clear one recurring pre-authorized contribution (PAC) from any Scotiabank personal bank account with a minimum value of at least $100 per month in your new Eligible Registered Account, which must have recurred for a minimum of three (3) consecutive months by May 31, 2025.

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. In order to qualify for the Bundle Bonus the individual cannot currently or in the preceding 6 months have held the same type of Eligible Registered Account (as that opened during the Offer Period) with either The Bank of Nova Scotia or Scotia Securities Inc. Employees of Scotiabank are also not eligible for the Package Bonus or Bundle Bonus.

General Terms: Provided all Package Bonus conditions outlined above have been met, the $400 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 Registered Account between June 2, 2025, and January 31, 2026, depending on when you have satisfied all Bundle Bonus conditions. You have 24 months from the date you believe you have fulfilled the applicable Offer conditions to notify us if you have not received the applicable cash bonus so that we may confirm your eligibility. For clients investing in non-Canadian dollar currencies, the investment will be calculated based on Canadian dollar equivalent at the Scotiabank rate on the transaction date to determine eligibility for the offer. The Package Bonus and Bundle Bonus will be paid in Canadian dollars.

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 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’s client account agreement.

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 more than one (1) Eligible Chequing Account is opened, only the first Eligible Chequing Account opened will be eligible for the Package Bonus. If more than one (1) Eligible Registered Account is opened, only the first Eligible Registered Account that fulfilled the Bundle Bonus Offer conditions will be eligible for the Bundle Bonus. If two eligible accounts fulfill on the same day, the Bundle Bonus will be paid into only one of the Eligible Registered Account(s) in the following order: (1) Eligible TFSA, then (2) Eligible FHSA, then (3) Eligible RRSP.   For joint accounts, only one (1) $400 Package Bonus will be applied to the primary account holder’s Eligible Chequing Account and only one (1) $50 Bundle Bonus will be applied to the primary account holder’s Eligible Registered 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, except the Scotiabank Registered Account Welcome Offer.

The Scotiabank Registered Account Welcome Offer (the “Offer”) is available between November 1, 2024 and March 1, 2025 (the “Offer Period”) to individuals who open one or more new Eligible Registered Account(s) (defined below) with either The Bank of Nova Scotia or Scotia Securities Inc. and complete certain qualifying transactions.

For the purposes of this Offer, the following Scotia Registered Accounts are “Eligible Registered Account(s)”:  Scotia Registered Retirement Savings Plans (RRSPs, excluding locked-in plans such as LIRAs and LRSPs) (each an “Eligible RRSP”), Scotia Tax-Free Savings Accounts (each an “Eligible TFSA”) and Scotia First Home Savings Accounts (each an “Eligible FHSA”). Scotia RRIFs (including locked-in income plans), RESPs, RDSPs, and non-registered Scotia Investment Accounts are not eligible for the Offer. In order to qualify for a Cash Bonus (defined below), the individual cannot currently or in the preceding 6 months have held the same Eligible Registered Account type with either The Bank of Nova Scotia or Scotia Securities Inc. (together, “Scotiabank”).

To qualify for a cash bonus (the “Cash Bonus”):

1)     Open one or more new Eligible Registered Account(s) during the Offer Period;

2)     By March 1, 2025, contribute or transfer-in a Minimum Qualifying Investment Amount (as defined below) into your new Eligible Registered Account(s) and maintain that Minimum Qualifying Investment Amount until May 31, 2025 to qualify for either of the following Cash Bonuses:

*For purposes of calculating the Minimum Qualifying Investment Amount, the book value of the contributions and/or transfers-in will be used to determine eligibility.

3)     By March 1, 2025, set up and clear one recurring pre-authorized contribution (PAC) from any Scotiabank personal bank account with a minimum value of at least $100 per month in any of your new Eligible Registered Accounts, which must have recurred for a minimum of three (3) consecutive months by May 31, 2025.

General Terms:

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.  The Cash Bonus is not considered a contribution and therefore will not impact contribution limits.  For clients investing in non-Canadian dollar currencies, the investment will be calculated based on Canadian dollar equivalent at the Scotiabank rate on the transaction date to determine eligibility for the Offer. The Cash Bonus will be paid in Canadian dollars.

The applicable Cash Bonus will be paid into your new Eligible Registered Account on or around September 30, 2025 provided all Offer conditions have been satisfied. Your Eligible Registered Account(s) must be open and in good standing at the time of the Cash Bonus payout. 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’s client account agreements. If multiple Eligible Registered Accounts are opened, you will receive your applicable Cash Bonus into your Eligible Registered Accounts on a pro rata basis as a percentage of the total Qualifying Investment Amount. For example, if you invest $6,000 into an Eligible TFSA and $8,000 into an Eligible FHSA, you will qualify for a Cash Bonus of CAD$350, which will be paid as follows:  CAD$150 in the Eligible TFSA and CAD$200 in the Eligible FHSA. If multiple Eligible Registered Accounts of the same type are opened, the Cash Bonus (or the pro rata portion of the Cash Bonus, if applicable) will be paid to the first Eligible Registered Account opened that has met the Offer conditions. For a spousal RRSP, the Cash Bonus will be paid into that plan and not paid to the contributor.

This Offer is non-transferable, non-saleable, may not be exchanged for cash and may not be duplicated. Limit of one (1) Cash Bonus per customer, regardless of the number of Eligible Registered Accounts opened. Offer may be changed, cancelled or extended at any time and cannot be combined with any other offers except as otherwise specified.

Value of up to $2,200 is calculated as follows: i) up to $583.30 first year value with the StartRightTM Program + ii) Up to $1,900 in Preferred Package, TFSA/RRSP and Scotiabank Passport Visa Infinite welcome offer and first year point earn potential:

i) Value of up to $583.30 is an annual potential value for the first year based on the following benefits and savings available to StartRightTM customers as of November 1st, 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 StartRightTM Program features and products. Conditions apply. All products and features are subject to change.

ii) Value of up to $1,900 in Scotiabank welcome offers and first year point earn potential includes the following as of November 1st, 2024:

• $800: $400 cash offer for new Preferred and Ultimate Package clients who complete certain qualifying conditions plus up to $400 when you open two eligible investments plans  and complete certain qualifying transactions;
• $250 in travel rewards (25,000 bonus Scene+ points) for new Scotiabank Passport Visa Infinite Card clients who spend $1,000 within the first 3 months;
• $50 supplementary card annual fee waiver on the first supplementary card for new Scotiabank Passport Visa Infinite Card clients;
• $100 in travel rewards (10,000 bonus Scene+ points)  when you spend $40,000 annually on your Account each year (12-months);
• $250 in first year point earn potential (25,000 Scene+ points) on everyday purchases based on average annual first year spend per account with an average spend of 21% in 2X accelerator categories;
• $350 value with a complimentary Visa Airport Companion Program Membership and 6 lounge passes (annual membership plus one free visit of approx. CAD$134/USD$99 plus 5 lounge passes at CDN$48/USD$35 per pass). Currency conversion as at February 28, 2024;
• $100 in foreign transaction fee savings based on average first year annual foreign spend per account (save the 2.5% foreign transaction fee markup typically charged by  card issuers).

Actual offers and rewards earned will depend on individual card usage and eligibility for applicable offers. Conditions apply.

Savings and reward potential in first 12 months includes welcome offer value, first year point earn potential and foreign transaction fee savings as of February 28, 2024:

$450 in travel rewards (45,000 bonus Scene+ points) for new Scotiabank Gold American Express Card clients who spend $1,000 within the first 3 months (to earn 25,000 points) and who spend $7,500 within the first 12 months (to earn an additional 20,000 points);

$120 primary card annual fee waiver for the first year for new Scotiabank Gold American Express Card clients;

$55 in foreign transaction fee savings based on average first year annual foreign spend per account (save the 2.5% foreign transaction fee markup typically charged by card issuers);

$325 in first year point earn potential (32,500 Scene+ points) on everyday purchases based on average annual first year spend per account with an average spend of 25% in 5X accelerator and 5% in 3X accelerator categories.

Potential First Year Value = up to $950

Actual offers, savings and rewards earned will depend on individual card usage and eligibility for applicable offers. Conditions apply.