Offers
Welcome Bonus
Customers who open a new Scotiabank Preferred Package for Students and Youth account can earn up to $125:
- Open a Preferred Package for Students and Youth by Jan 1, 2026 and complete 2 of the 3 requirements listed below within 60 days of opening the account:
- Set up and clear at least one eligible automated and recurring direct deposit, which will recur monthly for a minimum of three (3) consecutive months
- Set up and clear at least one eligible recurring pre-authorized transaction for a minimum of $25 per transaction, which will recur monthly for a minimum of three (3) consecutive months
- Complete at least five eligible (5) Visa Debit transactions using your ScotiaCard anywhere Visa Debit is accepted (Only the following Visa Debit transaction types are eligible: online debit purchases)
The bonus will be deposited as $125 cash into the Scotiabank Preferred Package for Students and Youth account within 6 months of when the account was opened.
FlyerFunds Rebate
Plus, if you apply for the Scotiabank Preferred Package for Students and Youth account through Frugal Flyer and are approved, you can receive an additional $60 paid directly to you.
Account Features
The Preferred Package for Students and Youth offers unlimited debit and unlimited Interac e-Transfer transactions.
Account holders will receive 1 Scene+ Rewards point for every $5 spent on everyday purchases, and 1 Scene+ Rewards point per $1 spent at Cineplex.
Fees
Monthly Fees
The Preferred Package for Students and Youth has no monthly fee.
Students will need to provide eligible proof of full-time enrollment to open this account which can include documentation such as a student card with an expiry date, course timetable for the current academic year, letter from school confirming your enrollment, receipt for paid tuition for the current academic term, or an acceptance letter.