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, and the Scotiabank Money Master Savings Account.
Scotiabank Bank Accounts – Cash Back Rebates
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 details.
| Bank Account | Welcome Bonus | FlyerFunds Rebate | Total Value |
|---|---|---|---|
| Scotiabank Basic Plus Chequing Account | N/A | $80 | $80 |
| Scotiabank Preferred Package Chequing Account | 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. | $100 | $500 |
| Scotiabank Ultimate Package Chequing Account | Customers who open a new Scotiabank Ultimate Package account can earn up to $400. Earn $350: 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 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. | $100 | $500 |
| Scotiabank MomentumPLUS Savings Account | Earn a savings rate of up to 6.05% for 3 months | $25 | $25 |
| Scotiabank Money Master Savings Account | N/A | $25 | $25 |
Scotiabank Chequing Accounts
Scotiabank Basic Plus Chequing Account
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 of a $3,000 balance throughout the entire month.
There are 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 chequing account has a $16.95 monthly fee which is waived if you maintain a 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). 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 Packaging Chequing Account with a $100 FlyerFunds Rebate!
Scotiabank Ultimate Package Chequing Account
The Scotiabank Ultimate Package chequing account is the most premium account available. It has a $30.95 monthly fee, which is waived if you maintain a balance of $5,000 throughout the entire month.
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).
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
Click here to apply for this offer on the Scotiabank Ultimate Package Chequing Account with a $100 FlyerFunds Rebate!
Scotiabank Savings Accounts
Scotiabank MomentumPLUS Savings Account
The Scotiabank MomentumPLUS Savings account offers a regular interest rate of 1.40% on all deposits, calculated daily and paid monthly.
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 MomentumPLUS Savings Account with a $25 FlyerFunds Rebate!
Scotiabank Money Master Savings Account
The Scotiabank Money Master Savings account offers a regular interest rate of 0.010% 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 $25 FlyerFunds Rebate!
Apply Now Through the FlyerFunds Rebates Program
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 looking for a credit card to go with your new Scotiabank bank account, Frugal Flyer also offers rebates on Scotiabank credit cards.
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Can you do both cashback offers? Both the checking and the savings accounts?
Yes.