Offer
- Earn up to $500 with an Preferred package and a registered account†
- Earn an additional 0.05% on your MomentumPLUS Savings Account
- Unlimited debit transactions and Interac† e-transfer transactions
- First-year annual fee rebate on select credit cards (up to $150)
- Earn points on everyday purchases with the Scene+TM program
- And 4 more perks
- Rates, fees and other information are effective as of March 1, 2024. Subject to change.
Fees
Account Name
Scotiabank Preferred Package Chequing Account
Public
Consumers
Special Offer
Up to $500 welcome bonus
Monthly Fee
$16.95
Monthly Fee Waiver (Min. Amount)
$4,000
Monthly Fee Waiver (Details)
Monthly fee waived with a minimum daily closing balance of $4,000
Unlimited Transactions
eStatement
Statement by mail
$2.25
ATM Fee (Institution)
$0
Insufficient fund fee
$5
Bank draft cost
$7.50
Overdraft interest
21%
Interac e-Transfer Unlimited
Credit Card Rebate
$150
Our review
Right now, when you open a new Scotiabank Essential Package, you can earn up to $500 in bonuses!
To get a $400 bonus, all you’d have to do is set up two pre-authorized debits (like Hydro-Quebec and Bell, for example) of at least $50 for 6 consecutive months, and make one bill payment of at least $50 (like your mobile phone provider).
Then you can get a $100 bonus by also opening a new RRSP, TFSA or FHSA.
Scotiabank’s Essential Package has the following key features:
- Unlimited Interac Debit and Transfer transactions
- First-year annual fee waiver on select credit cards (up to $150)
- Preferred rates on certain GICs
- One free non-Scotiabank ATM withdrawal per month in Canada
Alternative bank accounts
Alternative Cards
Legal
†Terms and conditions apply. Visit the Scotiabank website for more information.