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Select Account for business

Account Type

Chequing account

Public

SME

Monthly Fee

$20

See all accounts from Scotiabank

Select Account for business

Offer

Simple, easy-to-understand pricing
Plan options to suit your transaction needs
No monthly fee if you maintain minimum balance every day of the month*
Select Account for business Plan B monthly fee of $40 rebated with no minimum balance requirement when you sign up for Merchant Services with Chase*

Fees

Account Name Scotiabank Select Account for business

Public SME

Monthly Fee $20

Monthly Fee Waiver (Min. Amount) $20,000

Monthly Transactions 25

Interac e-Transfer per month 20

Our review

With the Scotiabank Select Account for business, choose from four plans to suit your needs. And switch easily between them.

Plan A: $20 per month, up to 25 transactions and 50 deposit items
Plan B: $40 per month, up to 70 transactions and 60 deposit items
Plan C: $75 per month, up to 125 transactions and 85 deposit items
Plan D: $120 per month, unlimited transactions and deposit items

Plus, with Plans A, B and C, send up to 20 Interac e-Transfers per month free of charge.

Alternative bank accounts

Scotiabank Right Size Account for business

RBC Digital Choice Business Account Package

RBC Ultimate Business Account Package

Alternative Cards

Featured

carte-visa-infinite-affaires-passeport-banque-scotia

Business Card

Scotiabank Passport^® Visa Infinite Business* Card

Up to 40,000 Scene+ points

Ends Oct 31, 2025

First year value : $801

carte visa momentum Scotia pour entreprise

Business Card

Scotia Momentum^® for business Visa* Card

2.99% introductory rate on balance transfers for the first six months

Ends Oct 31, 2025

First year value : $264

Carte Visa Affaires Home Hardware PRO Scotia

Business Card

Scotia^® Home Hardware PRO Visa* Business Card

15,000 Scene+ points

Ends Jul 1, 2025

Legal

*Terms and Conditions apply. Visit the Scotiabank website for more information.