Offers
Welcome Bonus
Customers who open a new Scotiabank Preferred Package account and a registered account can earn up to $700:
- Earn $500: Open a Scotiabank Preferred Package account, make a deposit, and complete 2 of the 3 requirements listed below within 60 days of account opening:
- Set up and receive one eligible automated recurring direct deposit (like a payroll or pension) for 6 months.
- Set up and make a minimum of one eligible recurring pre-authorized transaction with a value of at least $50, which will recur monthly for a minimum of six consecutive months
- Make one eligible bill payment (like a phone or utility bill) of at least $50 with online or mobile banking
- Earn $100:
- Meet all conditions of the $500 offer
- Open an eligible registered account (RRSP, TFSA, FHSA) within 60 days of opening your new chequing account within the offer period
- Earn $100:
- Meet all conditions of the $500 offer
- Open a new Money Master Savings Account within 60 days of opening your new chequing account within the offer period
- Then set up either the “Pay Yourself First” or “Savings Finders Tool” and stay enrolled for at least 90 days in a row
See Terms & Conditions on Scotiabank’s website for full details.
FlyerFunds Rebate
Plus, if you apply for the Scotiabank Preferred Package through Frugal Flyer and are approved, you can receive an additional $75 paid directly to you.
Account Features
The Scotiabank Preferred Package account offers unlimited debit and unlimited Interac e-Transfer transactions.
Account holders are eligible to receive free withdrawals at Scotiabank ATMs and up to one free withdrawal at a non-Scotiabank ATM in Canada per month.
Preferred Package account holders can also receive up to % interest on their MomentumPLUS Savings Account.
Preferred Package account holders who also hold an eligible Scotiabank personal credit card (including the Scotiabank Gold American Express card, Scotiabank Passport Visa Infinite+ Card, Scotia Momentum Visa Infinite+ Card, and the Scotiabank Value Visa card) are eligible to receive a one time full annual fee rebate (up to $150). This annual fee rebate will occur once, even if you hold multiple eligible Scotiabank credit cards.
Fees
Monthly Fees
The Scotiabank Preferred Package account has a monthly fee of $16.95, which is waived if you hold a minimum balance of $4,000 in your Scotiabank bank account at all times.
Legal
*Conditions apply. See Account Provider’s website for complete account details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.