Scotiabank Ultimate Package Chequing Account

Offer

Earn up to $700 when you bundle an eligible banking package, savings account, and registered account^†
Earn an additional 0.10% on your MomentumPLUS Savings Account
Unlimited transactions, Interac e-transfer transactions and Scotia International Money Transfers^†
Unlimited free Global non-Scotiabank ABM withdrawals
Annual fee rebate each year on select credit cards (up to $150)
Earn points on everyday purchases with the Scene+^TM program
8 more premium perks

Fees

Account Name Scotiabank Ultimate Package Chequing Account

Public Consumers

Special Offer Up to $700 welcome bonus

Monthly Fee $30.95

Monthly Fee Waiver (Min. Amount) $6,000

Monthly Fee Waiver (Details) Monthly fee waived with a minimum daily closing balance of $6,000

Unlimited Transactions

eStatement

Paper Statement $2.25

ATM Fee (Institution) $0

Non-sufficient Funds Fee $5

Bank Draft Cost $7.50

Overdraft Interest 21%

Unlimited e-Transfer Transactions

Credit Card Rebate $150

Our review

Right now, when you open a new Scotiabank Ultimate Package, you can earn up to $700 in bonuses!

To get a $500 bonus, you must set up two of the following operations:

A recurring direct deposit such as a payroll or pension at least once a month, for 6 consecutive months
Two pre-authorized transactions (such as hydro bill and internet bill) of at least $50 per month, for 6 consecutive months
A bill payment of at least $50 (such as your mobile provider) on your online bank

Then you can earn a $100 bonus by also opening a new RRSP, TFSA or FHSA and making a minimum contribution of $5,000.

Finally, you’ll earn another $100 bonus when you open a Money Master savings account and maintain your Smart Savings Tool registration for 90 consecutive days.

Scotiabank’s Ultimate Package includes a number of attractive benefits:

Waiver of annual fees (up to $150) on certain credit cards such as the Scotia Bank Passport Visa Infinite or Scotia Momentum Visa Infinite.
Unlimited free Global non-Scotiabank ABM withdrawals
Unlimited debit transactions
Unlimited free international money transfer transactions
Unlimited Interac e-Transfer transactions
No monthly Overdraft Protection fee
Free personalized cheques and drafts
Get Scene+ points
No monthly account fee on a Scotia U.S. Dollar Daily Interest Account
$55 annual fee waiver for rental of small safe deposit box compartment