Scotiabank Preferred Package for Students and Youth

Offer

Earn up to a $175 welcome bonus when you open a new Student and Youth Essential Plan*
Unlimited debit and Interac e-Transfer transactions*
Earn points on everyday purchases with the Scene+^TM program
Earn an additional 0.05% on your Momentum Plus Savings Account
Free trades for students and youth with Scotia iTRADE^TM
No monthly account fees, you are eligible for the Scotiabank Student and Youth Essential Plan (chequing account) if you are under 25 years old or if you are enrolled full-time at a university, community college, or another recognized post-secondary institution in Canada or the United States. You will need to confirm your student status by providing proof of enrollment.

Fees

Account Name Preferred Package for Students and Youth

Public Students

Special Offer Up to $175 welcome bonus

Monthly Fee $0

Unlimited Transactions

eStatement

ATM Fee (Institution) $0

Unlimited e-Transfer Transactions

Our review

Right now, when you open a new Scotiabank Preferred Package for Students and Youth, you can get a 125$ welcome bonus!

To get this $175 bonus, you must first open your account between January 2 and July 1, 2026. Then, you just need to complete 2 of the following 3 activities within 60 days of opening your account:

Set up at least 1 eligible recurring automatic direct deposit, which will recur monthly for a minimum of 3 consecutive months
Set up at least 1 eligible recurring pre-authorized transaction with a minimum value of $25 per transaction, which will recur monthly for a minimum of 3 consecutive months
Make at least 5 online Visa* Debit purchases with your Scotiabank® Card wherever Visa* Debit is accepted. Only the following types of Visa Debit transactions are eligible: online debit purchases and in-store purchases made outside Canada.

The Scotiabank Preferred Package for Students and Youth has the following key features:

Unlimited Interac Debit and e-Transfer transactions
Earn points on your everyday purchases with Scene+
0.05% interest rate boost to your MomentumPLUS savings account
Free Scotia iTRADE operations
No monthly account fees if you are under 25 or if you are pursuing full-time studies at a post-secondary educational institution in Canada or the United States