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Looking for a chequing account with a wide range of benefits? Discover the Scotiabank Ultimate Package which, in addition to offering unlimited debit transactions and a welcome bonus of up to $1,000, allows you to get the Scotiabank Passport Visa Infinite +* Card for free year after year.
The Scotiabank Ultimate Package is the most comprehensive banking package offered by this institution. With this chequing account, you benefit from:
Other benefits are offered: find all the details on the Scotiabank website.
Additionally, by combining a new Scotiabank Ultimate Package with an eligible savings account and credit card, you can get up to $1,000 in bonuses, divided into three parts.
First, you get a bonus of $700 by opening a new Ultimate or Preferred Package and, within 60 days:
This $700 bonus is deposited into your account within approximately nine months of opening.
Next, you get a bonus of $200 by opening a new MomentumPLUS Savings Account and maintaining your enrollment in a smart saving tool (Save it Forward or InfoSave) 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 $30.95 monthly fee for the Scotiabank Ultimate Package account can be waived if either of these conditions is met:
Minimum amounts must be met daily and maintained throughout the month.
Milesopedia has named the Scotiabank Passport Visa Infinite +* Card as the best no-FX fee credit card in 2026 and the Scotiabank Ultimate Package as the best Premium Bank Account.
The Scotiabank Passport Visa Infinite +* Card is an excellent card for frequent travelers and snowbirds, as it saves the 2.5% fee usually charged by other cards for foreign currency transactions.
Additionally, this card comes with six passes for access to airport lounges worldwide. You also benefit from other Visa Infinite advantages such as privileges at a collection of hotels, a concierge service, and comprehensive travel insurance.
This is a card to keep in your wallet year after year. With a Scotiabank Ultimate Package account, you get a waiver on the $150 annual fee for this credit card. So you can keep it long-term, for free!
Some may wonder if it is profitable to leave an amount of $6,000 in a chequing account, while it could grow at about 4% annually in high-interest savings accounts (HISA). In this case, such an investment would yield around $245 per year (compounded monthly), minus the tax rate for interest income.
With the $700 bonus and the $150 annual fee rebate for the Scotiabank Passport Visa Infinite +* Card, the Ultimate Package is definitely more profitable in the first year than an investment in a TFSA. After that, it’s up to you to do the math on what will be most profitable for you, especially if you take advantage of the many benefits of the chequing account.
The Scotiabank Ultimate Package is a premium bank account with a multitude of benefits, including unlimited debit transactions and a welcome bonus of up to $1,000. Combined with the Scotiabank Passport Visa Infinite +* Card, this package becomes even more advantageous.
Holders can enjoy a full range of banking services while saving on the annual fee of one of the best credit cards for travel. A truly winning duo!
Savings this way:
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