Offers
FlyerFunds Cash Back Rebate
If you apply for the Scotiabank Preferred Package account and are approved, you can receive $100 in FlyerFunds.
Welcome Bonus
Customers who open a new Scotiabank Preferred Package account can earn up to $400:
- Earn $350: 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 one eligible automated recurring direct deposit, such as payroll or pension, that recurs for 3 months in a row.
- Set up 2 eligible separate recurring pre-authorized transactions worth $50 or more, that recur for 3 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: Within 60 days of opening the eligible checking account and qualifying for the offer, open a new eligible registered account, and complete any 1 of the following requirements listed below within two months of account opening:
- Set up and clear a recurring pre-authorized contribution (PAC) from any Scotiabank personal bank account of at least $50 total per month into your new Eligible Registered Account, which must recur monthly for a minimum of six (6) consecutive months.
- Contribute or transfer in a minimum qualifying Investment amount of $3,000 into your new Eligible Registered Account and maintain that minimum qualifying investment amount for a minimum of six (6) consecutive months.
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 6.00% 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.