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Scotiabank’s Best Chequing Accounts

Scotiabank's best chequing account offers

At the end of the post, find the features for all these packages.

The package that interests us the most as travellers – and recommended by several members of the Facebook group – is the Scotiabank Ultimate Package. It also offers a $300 welcome bonus for a limited time!

With this package, you avoid paying specific fees such as the annual credit card fee or withdrawal fees abroad.

Scotiabank Ultimate Package Review

The Scotiabank Ultimate Package is a single package:

  • Usage
  • Save
  • Invest

Account features

With our traveller’s eyes, the Scotiabank Ultimate Package includes many exciting benefits, including:

Special offer

Right now, by opening a new Scotiabank Ultimate Package, you can get a $300 bonus!

To get this, you just have to:

  1. Open a new Scotiabank Ultimate Package through this promotional link
  2. Complete any two of the following three actions within 60 days of opening your Ultimate Package:
    • Set up an eligible recurring direct deposit, which will recur monthly for a minimum of 3 consecutive months.
    • Set up at least 2 eligible separate recurring pre-authorized transactions that are $50 or more, which will each recur monthly for a minimum of 3 consecutive months.
    • Make an eligible $50 bill payment through online or mobile banking.

For example, to get this promotion, all you need to do is set up two pre-authorized transactions (such as Hydro-Québec and Bell) and make a bill payment of at least $50 (like your mobile provider).

A free credit card from year to year

By holding a Scotiabank Ultimate Package, you can keep your credit card year after year without paying an annual fee!

For example, the great Scotiabank Passport™ Visa Infinite* has the following perks:

Here is the current offer:

Or the Scotia Momentum® VISA Infinite* card, which is one of the best cashback credit cards in Canada:

  • 4% for groceries and recurring payments
  • 2% on gas and public transportation
  • 1% on all other purchases
  • Visa Infinite Concierge
  • Premium insurance

Here is the current offer:

Or the Scotiabank Gold American Express® Card, earning a lot of travel points:

  • 5X the points on grocery stores, restaurants, fast food, and drinking establishments. Includes popular food delivery and food subscriptions.
  • 5X the points on eligible entertainment purchases. Includes movies, theatre, and ticket agencies.
  • 3X the points on gas and daily transit. Includes rideshare, buses, taxis, subway, and more.
  • 3X the points on streaming services (Netflix, Spotify, Cineplexstore)
  • 1X the points on every other purchase
  • Premium insurance
  • Access to American Express offers

Here is the current promotional offer:

Detailed features

Here is the Scotiabank Ultimate Package’s features:

Usage:

  • Unlimited debit transactions
  • Unlimited no-fee Scotia International Money Transfers
  • Unlimited Interac e-Transfer transactions
  • No monthly Overdraft Protection fee
  • Free personalized cheques and drafts
  • Your choice of SCENE or Scotia Rewards
  • No monthly account fee on a Scotia U.S. Dollar Daily Interest Account
  • $55 annual fee waiver (equivalent to a small safety deposit box)

Grow your money:

  • For a limited time, earn up to 2.70% on your MomentumPLUS Savings Account
  • Ultimate rates on select GICs
  • 10 free equity trades at Scotia iTRADE in your first year (approximately $100 value) and 5 free equity trades every year after

Rewards

Scotiabank is one of the only institutions to offer rewards on activities made with a DEBIT card linked to the Ultimate Package checking account.

Thus, it is possible to get either:

  • 1 Scotia Rewards point for every $5 purchase (with a Scotia Passport debit card)
  • 1 SCENE point for every $5 purchase (with a Scotia SCENE debit card)

For travellers, we recommend the Scotia Rewards program: you will be able to redeem your points for any travel purchase(including Airbnb rentals)!

Fee

The Scotiabank Ultimate Package has a $30.95 monthly fee.

However, it could be FREE ($0 per month), by fulfilling one of these two conditions. By maintaining either:

  • a minimum daily closing balance of $5,000 in your Ultimate Package
  • a combined balance of $30,000 across your Ultimate Package and your MomentumPLUS Savings Account

If you have $5,000 not invested, it would be worth leaving them in your Ultimate Package chequing account so you pay:

  • no monthly bank fees
  • no annual credit card fees

Scotiabank Preferred Package

The Scotiabank Preferred Package has the following main features:

  • Unlimited Interac Debit and Transfer transactions
  • First-year annual fee waiver (up to $139) on select credit cards
  • For a limited time, earn up to 2.65% on your MomentumPLUS Savings Account

Unlike the Ultimate Package, which allows you to avoid the annual fees of certain credit cards from year to year, the Preferred Package only waives the first-year annual fee on select Scotia credit cards such as:

Special offer

Right now, by opening a new Scotiabank Preferred Package, you can get a $300 bonus!

To get this, you just have to:

  1. To open a new Scotiabank Preferred Package through this promotional link
  2. Complete any two of the following three actions within 60 days of opening your Ultimate Package:
    • Set up an eligible recurring direct deposit, which will recur monthly for a minimum of 3 consecutive months.
    • Set up at least 2 eligible separate recurring pre-authorized transactions that are $50 or more, which will each recur monthly for a minimum of 3 consecutive months.
    • Make an eligible $50 bill payment through online or mobile banking.

For example, to get this promotion, all you need to do is set up two pre-authorized transactions (such as Hydro-Québec and Bell) and make a bill payment of at least $50 (like your mobile provider).

Account features

Here are the other features of the Scotiabank Preferred Package.

Use

  • Unlimited debit transactions
  • Send money globally for $1.99 with Scotia International Money Transfer
  • Unlimited Interac e-Transfer transactions

Grow your money

  • For a limited time, earn up to 2.65% on your MomentumPLUS Savings Account
  • Preferred rates on some GICs

No boundaries

  • First-year annual fee waiver (up to $139) on select credit cards
  • Fee waived on one non-Scotiabank ABM withdrawal per month in Canada

Rewards

it is possible to get either:

  • 1 Scotia Rewards point for every $5 purchase (with a Scotia Passport debit card)
  • 1 SCENE point for every $5 purchase (with a Scotia SCENE debit card)

Fee

Scotiabank Preferred Package has a $15.95 monthly fee.

However, it could be FREE ($0 per month), by maintaining a minimum daily closing balance of $4,000 for the entire month in your checking account.

Scotiabank Student Banking Advantage Plan

Account features

The Scotiabank Student Banking Advantage Plan has the following key features:

  • Unlimited debit transactions
  • Unlimited Interac e-Transfer transactions
  • Get rewarded on your debit transactions (SCENE Points or Scotia Rewards points)
  • Free paperless or paper statements

Fee

Special offer

Right now, by opening a Scotiabank Student Banking Advantage Plan, you can get 5,000 bonus points!

To get this, you just have to:

  1. To open a new Scotiabank Student Banking Advantage Plan through this promotional link
  2. To complete one of the following two transactions within 60 days of opening the eligible account:
    • Set up your payroll so that it is deposited into your Eligible Account
    • Set up a minimum of 2 separate recurring pre-authorized transactions (“PATs”) for a minimum of $25 per transaction for twelve (12) consecutive months.

Scotiabank Basic Plus Bank Account

Account features

Scotiabank Basic Plus Bank Account has the following key features:

  • 25 free debit transactions per month
  • 10 free Interac e-Transfer transactions per month
  • Send money globally for $1.99 with Scotia International Money Transfer
  • Get rewarded on your debit transactions (SCENE Points or Scotia Rewards points)

Fee

Scotiabank Basic Plus Bank Account has a $10.95 monthly fee.

However, it could be FREE ($0 per month), by maintaining a minimum daily closing balance of $3,000 for the entire month in your Basic Plus Bank Account.

The Basic Bank Account

Account features

Scotiabank Basic Bank Account has the following key features:

  • 12 free transactions per month
  • 2 free Interac e-Transfer transactions per month
  • Get rewarded on your debit transactions (SCENE Points or Scotia Rewards points)

Fee

Scotiabank Basic Bank Account has a $3.95 monthly fee.

Our review of Scotiabank Online

In Quebec and elsewhere in Canada, Scotiabank offers many online banking services for its customers. With a Scotiabank debit card, you can access Scotiabank online banking at no charge.

Scotiabank offers a number of online banking services:

  • View your Scotiabank chequing or savings accounts online
  • Manage your Scotiabank loans and mortgages online
  • Scotiabank Online Smartphone application to manage your accounts anywhere
  • Sending money from your Scotiabank Online Account with Interac
  • And more!

Scotiabank’s online banking offer is complemented, particularly in Quebec, by the presence of numerous Scotiabank branches, including Scotiabank Express branches. This makes Scotiabank an excellent choice.

Scotiabank Online
Scotiabank Online

Online services offered by Scotiabank

As an online Scotiabank customer, you can enjoy many benefits through Scotia Online:

  • 24/7 access to Scotiabank online banking
  • Online payments of your transactions and bills
  • Rewards on all your purchases with SCENE or Scotia Rewards Points
  • Overdraft protection
  • Send money quickly to the person of your choice with an Interac e-Transfer
  • Receive government assistance in the Scotiabank account of your choice with CRA direct deposit
  • Deposit your cheques anywhere with the Scotiabank mobile application
  • Download a Scotiabank sample cheque
  • If your credit card is lost or stolen, block, unblock or replace your credit card in your Scotiabank Online Banking
  • More than 4,000 conveniently located branches and ABMs
  • Personalized advice for your finances

Also, Scotiabank offers discounts and benefits for newcomers (Scotiabank SmartStart program), students, and seniors.

Scotiabank Express
Scotiabank Express

Frequently Asked Questions about Scotiabank Online

Where can I find Scotiabank abroad?

Scotiabank is a founding member of the Global ATM Alliance. When you travel, you can use the ATMs of the Alliance’s international banks without paying any surcharges or access fees. With more than 44,000 counters in over 40 countries, you can find a partner bank counter wherever you are and avoid fees.

How do I get my Scotiabank debit card?

Your Scotiabank debit card is given to you when you open your chequing account. You’ll be able to set your personal Identification number (PIN) at the branch ABM. If there is no ABM at your branch, you will receive your card and PIN by mail.

To change or replace your ScotiaCard online:

  1. On the Account Summary page, select Account Management.
  2. Click on Obtain a new ScotiaCard.
  3. Under Scotiabank Card Type, use the drop-down menu to select a Scotiabank Card with Debit Visa.

What should I do if my Scotiabank debit card has been lost or stolen?

If your Scotiabank debit card has been lost or stolen, contact Scotiabank online quickly:

  • 1-800-575-2424
  • 1-800-645-0288 (For services for the deaf and hard of hearing)
  • 416-701-7200 (Greater Toronto Area, outside Canada/USA: call collect)

How do I pay a bill with Scotiabank online?

To pay a bill with Scotiabank online :

  1. On the Online Account Summary page, select Bill Payment.
  2. Choose a single payment or set up periodic payments.
  3. Select the account from which you wish to make the payment, select the payee and enter the payment amount.

Scotiabank’s mobile website :

  1. On the app home page, touch Invoices.
  2. Touch Make a payment.
  3. Select an account for invoice payment and a payee.
  4. Enter the amount and touch Continue.
  5. Check the payment details, then touch Confirm.

How do I get a sample cheque from Scotiabank?

If you do not have cheques for your Scotiabank account, you can view or print your sample cheque details online :

  1. On the Online Account Summary page, select your Scotiabank Chequing account.
  2. Choose Direct deposits and direct debits.
  3. Select Display/Print under Check Specimen.

How do I contact Scotiabank online?

Here are some of the most frequently used telephone numbers to contact Scotiabank online.

If you have any questions, want to open an account or need help with your Scotia OnLine banking, borrowing and investing, here are the numbers:

1-800-575-2424
1-800-645-0288 (teletypewriter/TTY service)
1-416-701-7200 (Toronto area/call collect from outside Canada/USA)

TeleScotiaMC
1-800-575-1212 (service in French)
1-800-267-1234 (service in English)
1-800-830-8800 (service in Cantonese)
1-800-830-8080 (service in Mandarin)

Mobile Banking Helpline
1-877-918-8866

Scotia iTRADE
1-800-361-6601 (service in French)
1-800-263-3430 (service in English)
1-877-662-3838 (service in Cantonese and Mandarin)

Scotia iTRADE
1-888-TRADE88 (1-888-872-3388)

Customer Service Credit Card
1-800-387-4994 (Canada/États-Unis)
416-288-1440 (Greater Toronto Area/Call Collect from outside Canada/USA)
1-800-645-0288 (teletypewriter calls from Canada/USA)

Scotia-Vie
1-800-361-8570

Scotia Mutual Funds
1-800-387-5004

Scotiabank Student Loan Centre
1-800-972-6842
416-288-4655 (Toronto area)

What are Scotiabank credit cards?