As part of the FlyerFunds Rebates program, we are now offering FlyerFunds cash back rebates on five Scotiabank Bank Accounts: the Scotiabank Basic Plus Chequing Account, Scotiabank Preferred Package Chequing Account, Scotiabank Ultimate Package Chequing Account, Scotiabank MomentumPLUS Savings Account, Scotiabank Money Master Savings Account, and the Scotiabank Preferred Package for Students and Youth Account.
FlyerFunds Rebates & Scotiabank Bank Accounts
Frugal Flyer has partnered with Scotiabank to offer cash back rebates on their chequing and savings accounts, making the welcome bonus offers that are available even more lucrative.
See the table below for all current Scotiabank bank account offers.
| Bank Account | Welcome Bonus | FlyerFunds Rebate |
|---|---|---|
| Scotiabank Basic Plus Chequing Account | N/A | $80 |
| Scotiabank Preferred Package Chequing Account | Customers who open a new Scotiabank Preferred Package 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 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 $100: Meet all conditions of the $500 offer and open a new eligible RRSP, TFSA, or FHSA, and then set up and deposit $5,000 into your new eligible RRSP, TFSA, or FHSA within 60 days and keep that amount in the account for 3 consecutive months Earn $100: Meet all conditions of the $500 offer and open a new Money Master Savings Account and then set up either the “Pay Yourself First” or “Savings Finders Tool” and stay enrolled for at least 90 days in a row | $75 |
| Scotiabank Ultimate Package Chequing Account | Customers who open a new Scotiabank Ultimate Package account can earn up to $700. Earn $500: Open a Scotiabank Ultimate 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 $100: Meet all conditions of the $500 offer and open a new eligible RRSP, TFSA, or FHSA, and then set up and deposit $5,000 into your new eligible RRSP, TFSA, or FHSA within 60 days and keep that amount in the account for 3 consecutive months Earn $100: Meet all conditions of the $500 offer and open a new Money Master Savings Account and then set up either the “Pay Yourself First” or “Savings Finders Tool” and stay enrolled for at least 90 days in a row | $100 |
| Scotiabank MomentumPLUS Savings Account | Earn up to 5.00%* for the first 3 months. | $50 |
| Scotiabank Money Master Savings Account | N/A | $80 |
| Scotiabank Preferred Package for Students and Youth | 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 November 2, 2025 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) | $60 |
Scotiabank Chequing Accounts with Cash Back Rebates
Scotiabank Basic Plus Chequing Account
The Scotiabank Basic Plus account includes 25 debit transactions per month and unlimited Interac e-Transfers.
Earn $80 FlyerFunds on approval
Chequing
Monthly fee waived with a minimum daily closing balance of $3,000 $11.95
The Scotiabank Basic Plus chequing account is a flexible and budget-friendly account that has an $11.95 monthly fee. This monthly fee is waived if you maintain a minimum $3,000 balance throughout the entire month.
This chequing account includes 25 included debit transactions per month as well as unlimited Interac e-Transfers.
Click here to apply for this offer on the Scotiabank Basic Plus Chequing Account with a $80 FlyerFunds Rebate!
Scotiabank Preferred Package Chequing Account
The Scotiabank Preferred Package account offers unlimited debit and Interac e-Transfer transactions. Account holders are entitled to one free monthly ATM withdrawal in Canada and a full annual fee rebate on eligible Scotiabank credit cards (up to $150).
Up to $700 welcome bonus + $75 FlyerFunds on approval
Chequing
Monthly fee waived with a minimum daily closing balance of $4,000 $16.95
The Scotiabank Preferred Package chequing account currently has a welcome offer where new account holders can earn up to $700 cash.
The Preferred Package has a $16.95 monthly fee which is waived if you maintain a minimum balance of $4,000 throughout the entire month.
This account includes unlimited debit transactions per month as well as unlimited Interac eTransfers. You’ll also get 1 free non-Scotiabank ATM withdrawal included per month, in Canada.
Preferred Package chequing account holders also are eligible to receive an annual fee rebate of up to $150 on a Scotiabank 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) making this account an excellent option to save on credit card annual fees.
Account holders can also receive preferred rates on select GICs and a higher savings rate on their MomentumPLUS savings account.
Click here to apply for this offer on the Scotiabank Preferred Package Chequing Account with a $75 FlyerFunds Rebate!
Scotiabank Ultimate Package Chequing Account
The Scotiabank Ultimate Package account offers unlimited debit and Interac e-Transfer transactions. Account holders are entitled to a $150 Scotiabank credit card annual fee rebate, free safety deposit box, no-fee global money transfers, and more.
Up to $700 welcome bonus + $100 FlyerFunds on approval
Chequing
Monthly fee waived with a minimum daily closing balance of $6,000 $30.95
The Scotiabank Ultimate Package chequing account currently has a welcome offer where new account holders can earn up to $700 cash.
The Ultimate Package account is the most premium chequing account available from Scotiabank. While it has a $30.95 monthly fee, this fee can be waived if you maintain a minimum balance of $6,000 throughout the entire month.
The Ultimate Package chequing account comes with several other valuable perks, including:
- Free safety deposit box (worth $60 annually)
- Unlimited no fee global money transfers
- No fees for overdraft protection
- Free personalized cheques and drafts
- 10 free equity trades at Scotia iTrade for the first year; 5 free equity trades for every year thereafter
Similar to the Preferred Package account, the Ultimate Package also offers unlimited debit transactions, unlimited Interac e-Transfer transactions, and a rebate of up to $150 on eligible Scotiabank credit cards (including the Scotiabank Gold American Express card, Scotiabank Passport Visa Infinite card, Scotiabank Momentum Visa Infinite card, and the Scotiabank Value Visa card).
Click here to apply for this offer on the Scotiabank Ultimate Package Chequing Account with a $100 FlyerFunds Rebate!
Scotiabank Savings Accounts with Cash Back Rebates
Scotiabank MomentumPLUS Savings Account
The Scotiabank MomentumPlus Savings account offers a regular interest rate of 0.55% and a promotional interest rate of up to 5.00%.
Earn up to 5.00%* for the first 3 months + $50 FlyerFunds on approval
Savings
$0.00
The Scotiabank MomentumPLUS Savings account offers a regular interest rate of 0.55% and a promotional interest rate of up to 5.00%.
There are no monthly fees or minimum balance required. This account comes with unlimited self-service transfers within your Scotiabank accounts. High interest savings accounts are a low-risk fantastic tool to grow your wealth, and the Scotiabank MomentumPLUS Savings Account is one of the best high interest savings accounts in Canada.
Click here to apply for this offer on the Scotiabank MomentumPLUS Savings Account with a $50 FlyerFunds Rebate!
Scotiabank Money Master Savings Account
The Scotiabank Money Master Savings account offers a regular interest rate of 0.01% on all deposits, calculated daily and paid monthly.
Earn $80 FlyerFunds on approval
Savings
$0.00
The Scotiabank Money Master Savings account offers a regular interest rate of 0.01% on all deposits
There are no monthly fees or minimum balance required. This account comes with unlimited self-service transfers within your Scotiabank accounts.
Click here to apply for this offer on the Scotiabank Money Master Savings Account with a $80 FlyerFunds Rebate!
Scotiabank Student Chequing Accounts with Cash Back Rebates
Scotiabank Preferred Package for Students and Youth Account
The Scotiabank Preferred Package for Students and Youth offers unlimited debit and Interac e-Transfer transactions with no monthly fees for full-time students.
Up to $125 welcome bonus + $60 FlyerFunds on approval
Chequing
$0.00
The Scotiabank Preferred Package for Students and Youth currently has a welcome offer where new account holders can earn up to $125 cash.
The Scotiabank Preferred Package for Students and Youth has no monthly fee as long as students can 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.
This account includes unlimited debit transactions per month as well as unlimited Interac eTransfers. 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.
Click here to apply for this offer on the Scotiabank Preferred Package for Students & Youth Account with a $60 FlyerFunds Rebate!
Apply Now Through Frugal Flyer Rebates
If any of these Scotiabank new bank account offers interest you, head over to the FlyerFunds Rebates Program page and follow the steps to apply. If you are interested in learning more about the banking options that are available for Canadians, check out our chequing & savings account comparison tool.
If you are looking for a credit card to go with your new Scotiabank bank account, Frugal Flyer also offers rebates on Scotiabank credit cards.
Josh Bandura
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I will have closed all my scotia accounts for more than two years in a month. If I re-open the accounts through frugal (Scotiabank MomentumPLUS Savings Account, Scotiabank Money Master Savings Account, Scotiabank Basic Plus Chequing Account, and Scotiabank Ultimate Package Chequing Account), would I still get a total rebate of $330 ($80 + $100 + $50 + $80) (another $20 from the loyalty program)? Or are the rebates only for those who have never been a scotia customer ever?
Hi Jemapelle. If you’ve already held the products, it will be up to Scotiabank’s discretion as to whether you are eligible for the rebate.
Can you do both cashback offers? Both the checking and the savings accounts?
Yes.