Scotiabank Chequing Account Preferred Package

Special Offer
Up to $800 welcome bonus
Account Type
Chequing account
Public
Consumers
Monthly Fee
$16.95
Monthly fee waived with a minimum daily closing balance of $4,000

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Scotiabank Chequing Account Preferred Package
Up to $800 welcome bonus
Apply Now
Updated Nov 1, 2024

Offer

  • Earn up to $800 with a Preferred Package and eligible Scotiabank investment plans.
  • Earn an additional 0.05% on your Momentum Plus Savings Account
  • Unlimited debit transactions and Interac e-transfer transactions
  • First year annual fee waiver(up to $150) on select credit cards
  • Earn points on everyday purchases with the Scene+TM program
  • And four other advantages
  • Rates, fees and other information are effective as of Mar 1, 2024. Subject to change.

Fees

Public Consumers
Special Offer Up to $800 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 Preferred Package, you can earn up to $800!

To get a $400 bonus, you’d have to set up two pre-authorized debits (like Hydro-Québec and Bell, for example) and make a bill payment of at least $50 (like your mobile provider).

Then you can earn a $50 bonus by also opening a new RRSP, TFSA or FHSA.

You could also receive an additional bonus of up to $350 by opening a second RRSP, TFSA or FHSA and depositing $5,000.

Scotiabank’s Essential Package has the following key features:

  • Unlimited Interac Debit and Transfer transactions
  • First-year annual fee waiver on select credit cards (up to $150)
  • Preferred rates on some GICs
  • Fee waived on one non-Scotiabank ABM withdrawal per month in Canada

Alternative bank accounts

Alternative Cards

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