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 and a registered account can earn up to $500:
- Earn $400: 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 two eligible pre-authorized transactions for things like your mortgage, insurance or rent. They must be separate, over $50 each, and must each recur for 6 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 $400 offer
- Open an eligible registered account (RRSP, TFSA, FHSA) within 60 days of opening your new chequing account within the offer period
- Then within 60 days of opening your new registered account, contribute or transfer-in $5,000 and keep that amount in the registered account for 3 consecutive months
See Terms & Conditions on Scotiabank’s website for full details.
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 5.00% 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.