Offers
FlyerFunds Cash Back Rebate
If you apply for the Scotiabank Preferred Package account and are approved, you can receive $75 in FlyerFunds.
Welcome Bonus
Customers who open a new Scotiabank Preferred Package account can earn up to $800:
- Earn $400: Open a Scotiabank Preferred Package account, make a deposit, and complete 2 of the 3 requirements listed below within two months of account opening:
- Set up and clear one eligible automated recurring direct deposit, such as payroll or pension, that recurs for 6 months in a row.
- Set up and clear two eligible separate recurring pre-authorized transactions worth $50 or more, that recur for 6 months in a row.
- Make one eligible bill payment of at least $50 (like a car payment or a cable bill payment) with online or mobile banking.
- Earn $50: Meet all conditions of the $400 offer and by March 1, 2025, open a new eligible RRSP, TFSA, or FHSA and then set up and clear one pre-authorized contribution from any Scotiabank personal account with a minimum value of at least $100 per month in your new eligible registered plan, which must have recurred for a minimum of 3 consecutive months by May 31, 2025.
- Earn up to $350: Earn one of the two below bonuses by fulfilling the requirements.
- Earn $150: Deposit $5,000 into your new eligible RRSP, TFSA, or FHSA by March 1, 2025, and keep that balance until May 31, 2025 OR
- Earn $350: Open a second eligible RRSP, TFSA, or FHSA (this must be different than the registered plan you opened under the $50 offer) and deposit $5,000 into both of your new eligible registered plans by March 1, 2025, and keep those balances in both plans until May 31, 2025.
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 5.40% 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, Scotiabank 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.