Scotiabank Preferred Package Chequing Account

Offer

Earn up to $500 with an Preferred package and a registered account^†
Earn an additional 0.05% on your MomentumPLUS Savings Account
Unlimited debit transactions and Interac^† e-transfer transactions
First-year annual fee rebate on select credit cards (up to $150)
Earn points on everyday purchases with the Scene+^TM program
And 4 more perks
Rates, fees and other information are effective as of March 1, 2024. Subject to change.

Fees

Account Name Scotiabank Preferred Package Chequing Account

Public Consumers

Special Offer Up to $500 welcome bonus

Monthly Fee $16.95

Monthly Fee Waiver (Min. Amount) $4,000

Monthly Fee Waiver (Details) Monthly fee waived with a minimum daily closing balance of $4,000

Unlimited Transactions

eStatement

Statement by mail $2.25

ATM Fee (Institution) $0

Insufficient fund fee $5

Bank draft cost $7.50

Overdraft interest 21%

Interac e-Transfer Unlimited

Credit Card Rebate $150

Our review

Right now, when you open a new Scotiabank Essential Package, you can earn up to $500 in bonuses!

To get a $400 bonus, all you’d have to do is set up two pre-authorized debits (like Hydro-Quebec and Bell, for example) of at least $50 for 6 consecutive months, and make one bill payment of at least $50 (like your mobile phone provider).

Then you can get a $100 bonus by also opening a new RRSP, TFSA or FHSA.

Scotiabank’s Essential Package has the following key features: