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Rates, fees and other information are effective as of July 3, 2026. Subject to change.
Right now, when you open a new Scotiabank Preferred Package, you can earn up to $1,000 in bonuses!
To get a $700 bonus, you must open a new Preferred or Ultimate Package and, within 60 days:
Then, you can earn a $200 bonus by opening a new Money Master savings account and maintaining your enrollment in a smart savings tool (Pay Yourself First or Find the Money) for 90 consecutive days.
Finally, you’ll earn a $100 bonus by applying and being approved for an eligible credit card of which you are the primary cardholder, and then making at least one eligible purchase on it.
The Scotiabank Preferred Package has the following main features:
Scotiabank Bundle Bonus Offer Terms and Conditions
1. The Scotiabank Bundle Bonus Offer (the “Offer”) runs from July 3, 2026, to October 29, 2026 (the “Offer Period”) and is available to individuals who open new eligible accounts. Subject to the terms of the Offer, eligible clients can receive a $700 bonus when they open a new Preferred Package or Ultimate Package chequing account and complete certain eligible transactions. Additionally, clients who meet the conditions of the $700 bonus offer are also eligible for an additional cash bonus of up to $300 if they open a new Money Master Savings Account or a new eligible credit card account, in addition to their new Preferred Package or Ultimate Package chequing account, and complete certain eligible transactions or meet certain eligibility requirements. $700 Preferred Package or Ultimate Package Bonus Offer Terms and Conditions
2. To be eligible for the $700 bonus (the “Package Bonus”), you must: a. open a new Preferred Package or Ultimate Package chequing account (an “eligible chequing account”) during the Offer Period; and b. within 60 days of opening the eligible chequing account, set up and receive at least one (1) eligible recurring direct deposit (e.g., for payroll or pension) which must recur monthly for a minimum period of six (6) consecutive months; and c. complete one (1) of the following transactions within 60 days of opening the eligible chequing account: i. set up at least one (1) eligible pre-authorized debit of at least $50 per transaction which must clear the account and recur monthly for a minimum period of six (6) consecutive months; or ii. make at least one (1) eligible online bill payment of at least $50 using Scotiabank online or mobile banking; or iii. make at least one (1) eligible Visa* Debit transaction using your ScotiaCard®, where Visa* Debit is accepted. Only the following Visa Debit transactions are eligible: online debit purchases and in-store purchases made abroad.
3. Click here to view the list of eligible direct deposits, pre-authorized debits, and bill payments. Notwithstanding the inclusion of a transaction on this list, certain exclusions may apply, and Scotiabank reserves the right to determine which recurring direct deposits, pre-authorized debits, or bill payments are eligible under the $700 Package Bonus offer. One-time or recurring fund transfers to another Scotiabank account (e.g., to a credit card account or a savings account), or to a chequing or savings account held at another financial institution or a payment processing service are not eligible for the $700 Package Bonus. $200 Money Master Savings Account Bundle Bonus Terms and Conditions
4. To be eligible for the $200 bonus (the “$200 Savings Bundle Bonus”), you must meet all the conditions of the $700 Package Bonus offer and: a. during the Offer Period and within 60 days of opening the eligible chequing account: i. open a new Money Master Savings Account (the “eligible savings account”). ii. enroll your new eligible savings account in the Pay Yourself First tool or the Find the Money tool (each a “Smart Savings Tool”). b. maintain enrollment in the chosen Smart Savings Tool for 90 consecutive days.
5. Enrollment in a Smart Savings Tool is subject to certain eligibility requirements and can only be completed through the Scotiabank mobile banking app. For example, enrollment in the Pay Yourself First tool is only possible if at least 4 recurring deposits have been posted to your Scotiabank chequing account at the time you wish to enroll. Additionally, the signing authority for the eligible chequing and savings accounts must be “Single Signature” to be able to enroll in Smart Savings Tools. You can only be enrolled in one Smart Savings Tool at a time, but you can switch from one tool to another at any time; however, you must maintain enrollment for 90 consecutive days from the date of the first enrollment described in section 4.a.ii above. See the Smart Savings Tool Agreement for full terms and conditions. $100 Credit Card Bundle Bonus Terms and Conditions
6. To be eligible for the $100 bonus (the “$100 Credit Card Bundle Bonus”), you must meet all the conditions of the $700 Package Bonus offer and: a. within 60 days of opening your eligible chequing account, you must apply and be approved for an eligible credit card account of which you are the primary cardholder; and b. within 60 days of opening your eligible credit card account, you must make at least one eligible purchase with your eligible credit card. An “eligible purchase” is a purchase (as defined in the credit agreement that applies to your eligible credit card account) charged to your eligible credit card account, less refunds, returns, and any other similar credits. Eligible purchases exclude cash advances, balance transfers, quasi-cash transactions, interest charges, fees, and payments charged to your eligible credit card account. “Eligible credit card accounts” are: • Scotiabank® Scene+™* Visa* • Scotiabank Passport® Visa Infinite +* • Scotiabank Passport® Visa Infinite Privilege* • Scotiabank® American Express® Card* • Scotiabank Gold American Express® Card • Scotiabank® Platinum American Express® Card* • Scotiabank® Momentum® No-Fee Visa* • Scotiabank® Momentum® Visa* • Scotiabank® Momentum® Visa Infinite +* • Scotiabank® Value® Visa* The list of eligible credit card accounts is subject to change. Eligibility and Exclusions:
7. $700 Package Bonus: Individuals who are currently Scotiabank chequing account holders or have been within the last two (2) years are not eligible for this bonus. “Scotiabank chequing account” means any of the following accounts: Ultimate Package, Preferred Package, Scotia1 Account, Basic Plus Bank Account, Basic Banking Plan, Basic Bank Account, Momentum Chequing Account, Powerchequing Account, Scotia1 Service, Scotia Value Account, and Student Banking Advantage Plan.
8. $200 Savings Bundle Bonus: Individuals who are currently Scotiabank Money Master Savings Account holders or have been within the six (6) months preceding the Offer Period are not eligible for this bonus.
9. $100 Credit Card Bundle Bonus: Individuals who are currently primary or secondary cardholders of a Scotiabank personal credit card or have been within the last two years are not eligible for the bonus, including if they transfer their balance from an existing Scotiabank personal credit card account.
10. Employees of Scotiabank and its subsidiaries are also not eligible for the offer. Offer Processing
11. Provided that all applicable bonus offer conditions have been met: a. The $700 Package Bonus will be deposited into the eligible chequing account within approximately nine (9) months of the account opening date. b. The $200 Savings Bundle Bonus will be deposited into your eligible savings account within approximately ten (10) months of the eligible savings account opening date. c. The $100 Credit Card Bundle Bonus will be deposited into your eligible Scotiabank chequing account within approximately ten (10) months of the credit card account opening date.
12. If you have not received the bonus, you must notify us within 24 months of the date you believe you met all the conditions of the offer, to allow us to confirm your eligibility. To determine offer eligibility for clients making investments in currencies other than Canadian dollars, the investment amount will be calculated based on the Canadian dollar equivalent at the Scotiabank rate in effect on the date of the transaction. All bonuses will be paid in Canadian dollars.
13. For the bonuses to be paid, the eligible chequing account, eligible savings account, and eligible credit card account, as applicable, must be open and in good standing until the bonus is paid. The eligible chequing account is not “in good standing” if (i) it has a negative balance exceeding the authorized overdraft limit; (ii) it has been overdrawn continuously for a period of three (3) consecutive months; or (iii) the account holder has not complied with the terms of the agreement governing their account at Scotiabank. The eligible savings account is not “in good standing” if it has a negative balance. A credit card account is “in good standing” if it is not delinquent, if the credit limit is not exceeded, and if the cardholder(s) have complied with the terms of the Revolving Credit Agreement that applies to the account.
14. If more than one (1) eligible chequing account is opened, only the first eligible chequing account will receive the $700 Package Bonus. If more than one (1) eligible savings account is opened, only the first eligible savings account that met the criteria for the $200 Savings Bundle Bonus will receive the bonus. If more than one (1) eligible credit card account is opened, only the first eligible credit card account that met the conditions for the $100 Credit Card Bundle Bonus will receive the bonus. If two eligible credit card accounts meet the conditions for the $100 Credit Card Bundle Bonus on the same day, only one eligible credit card account will receive the bonus.
15. For joint accounts, only the primary account holder of the eligible chequing account is entitled to the $200 Savings Bundle Bonus and the $100 Credit Card Bundle Bonus, as applicable. The primary account holder of the eligible chequing account must also be the primary holder of the eligible savings account and the eligible credit card account. General Conditions
16. This offer is non-transferable and cannot be reproduced. Limit of one (1) $700 Package Bonus, one (1) $200 Savings Bundle Bonus, and one (1) $100 Credit Card Bundle Bonus per client (total bonus up to $1,000), regardless of the number of eligible chequing accounts, eligible savings accounts, or eligible credit card accounts opened.
17. Rates, fees, features, and benefits are subject to change. All other account terms and the Scotiabank Smart Savings Tool Agreement continue to apply.
18. This offer is non-transferable and cannot be reproduced. The offer may be modified, cancelled, or extended at any time without notice, and it cannot be combined with any other offer, unless expressly permitted by Scotiabank.
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