The account balance of one (1) Ultimate Package Account plus more than one (1) MomentumPLUS Savings Account(s) qualifies to pay no monthly fees on one (1) Ultimate Package account. One piece of identification from those listed in Part A of the Schedule of Acceptable Identification, if your identity is also confirmed by a client in good standing with Scotiabank or by an individual of good standing in the community where your branch is located. Limit of one (1) Basic Plus Bank Account per Ultimate Package account. The primary account holder of the Preferred Package qualifies for a monthly account fee waiver on a Scotia U.S. Dollar Daily Interest Account. Scotiabank Basic Bank Account Review | moneyGenius The primary account holder on the Ultimate Package account can be either the primary or joint account holder on the Scotia U.S. Dollar Daily Interest Account. Scotiabank Basic Bank Account Review June 2023 | Finder Canada The Annual Fee Waiver will be applied to the first annual fee for a primary Card charged on an Eligible Card after the Account Open Date. Scene+ points can be redeemed for travel, entertainment, shopping, dining, banking or online at www.sceneplus.ca. For the latest Preferred Package GIC Rates, contact your branch or call 1-800-4-SCOTIA. Eligible commissionable trades include stocks, ETFs, options placed across all Preferred Package account holder(s) Scotia iTRADE accounts within the calendar year since the later of January 1, 2023 and the time when a client opens a Scotia iTRADE account. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Terms and conditions apply to all packages and benefits displayed and should be reviewed carefully. You'll needAdobe Acrobat Readerto download PDF brochures. The 1-Year No Monthly Account Fee Offer (the Offer) is available to eligible clients who open a new Preferred Package account under theStartRightTM Program (the Account). ","anchorName":"#how-does-it-compare-to-other-banks-or-services"},{"label":"Why should I open an account at Scotiabank? Get 24/7 access to your money by using Scotia ATMs, the Scotia Caribbean App or Scotia OnLine Banking. The Annual Fee Waiver will be applied to the first annual fee for a primary Card charged on an Eligible Card after the Account Open Date. Complete any two (2) of the following activities in your Eligible Account within 60 days of Eligible Account opening: Click here for a list of eligible direct deposits, pre-authorized transactions and online bill payments. Account must be in good standing. Annual Fee Waiver will not be applied if your Account or Eligible Card is not open or is not in good standing and cannot be combined with any other annual fee waiver offer. We reserve the right to verify any identification presented by you, with the issuer. Both the Ultimate Package account and Scotia iTRADE accounts must be in good standing on the last day of every month. With Pre-Authorized Contributions see how easy it is to reach your savings goals through regular and automatic savings. Note that we cannot accept a letter of confirmation of your SIN as ID. Issue cheques and receive payment for daily operations. Continue to earn points on every purchase with your choice of rewards program3. Only one account holder per each joint Ultimate Package account will be entitled to receive the credits for 10 or 5 free trades, as applicable, into their Scotia iTRADE account. His work has been featured in and cited by some of the world's leading newscasts, including Barron's, Yahoo, CBOE and Forbes. Basic Bank Account A basic bank account that covers your minimal financial needs Get the Basic Bank Account Is this Chequing Account right for you? While we are independent, we may receive compensation from our partners for featured placement of their products or services. Transfer money between accounts. Bank Account related fees | Scotiabank Canada Both accounts must be in good standing. Open a new Ultimate Package or new Preferred Package (each an Eligible Account) by July 31, 2023; and. The offer is only available through Branch and Home Finance Advisor channels. A great way to plan for your financial future is to understand where you are now. A Certification of Naturalization, in the form of a paper document or card. Limit of one (1) Scotia U.S. Dollar Daily Interest Account per Preferred Package account. Credits will appear as $4.99 or $9.99 per trade depending on the account trading activity: standard commissions are $9.99, if more than 150 trades are placed per quarter commissions are valued at $4.99 per trade, debenture commissions are valued at $24.99 per trade. Great services to help you manage your money. Persons who wish to use the Basic Access Account as a joint account may do so, understanding that in the event they wish to open additional, individual accounts, they will need to consider an alternate account type. We use cookies & other technologies to analyze website traffic, personalize content & provide relevant advertising on other websites. The primary account holder on the Preferred Package account can be either the primary or joint account holder on the Scotia U.S. Dollar Daily Interest Account to qualify. Account holders may still be charged a convenience fee by the other bank and ABM operator, not by Scotiabank. Preferred Package account holders will receive a boost to the Regular Interest Rate (the Preferred Interest Rate Boost). Additional fees apply for shared ABM services, cross-border debit transactions and other banking services not included in the chequing account package. Set up Scotia InfoAlerts. If youre on Twitter, you can tweet to @ScotiabankHelps for support. All rates, fees, features, reward programs, bonus offers and benefits and related terms and conditions are subject to change. SCENE points accumulated using a card will be updated within 2-3 days. Choose the rewards program that best suits you, Earn and redeem Bank account fees at a glance Save more with the right Scotiabank account Monthly Recordkeeping Options and Fees Transfer Fees Fees for ABM Services General Fees Other Optional Services/Features & Fees Cheque and Payment Processing Service Fees Personalized Cheques Search Fees Account Closing Fees Additional Recordkeeping Services and Fees How likely would you be to recommend finder to a friend or colleague? This First Year Annual Fee Waiver is only available for new Eligible Cards opened on or after the Account Open Date. Reconcile transactions with convenient periodic statements. It's the easiest way to save for the things that matter to you. Self-service transactions are debit transactions processed without the help of a teller through a Scotiabank ABM, telephone or Internet banking including cheques, bill payments (including pre- authorized payments) and Interac** Direct Payments. Additional conditions may apply. To be eligible, the primary or joint account holder of the Ultimate Package account can be either the primary or joint account holder of the Scotia iTRADE account. We get that this is a Basic Bank Account, but only two free Interac e-Transfers per month could be a problem if you need to send or receive money. The Basic Banking Plan is changing to the Basic Plus Bank Account, Were bringing you a better, more valuable banking experience. If you are eligible for the Offer, during the first 12 months, your monthly Account fee will be waived and will not appear as a charge on your Account. He has spent the past nine years focused on economics, markets and cryptocurrencies. Scotiabank Basic Plus Bank Account review - finder.com The Preferred Interest Rate Boost will cease to apply effective as of the date that the Preferred Package account is closed. Where Scotiabank stands out is in customer service, having recently won the J.D. The Preferred Package GIC Rates are subject to change without notice. Terms and conditions apply to all packages and benefits displayed and should be reviewed carefully. What you'll get with this account 10 Free Interac e-Transfer transactions per month1 No reviews yet. All this comes for one very low monthly fee of $3.95. Limit of one (1) Scotia U.S. Dollar Daily Interest Account per Preferred Package account. Maximum one Offer per customer. Weve listened to our customers voices, and at no extra cost, were increasing the number of freeInterace-Transfertransactions1per month included in this account. The account must have sufficient funds to cover any fees, including the monthly fee. For transaction-related fees, please view. Thank you for choosing Scotiabank for your banking needs. To qualify for you must not be in a disallowed debit position in your Scotia iTRADE accounts and not have any outstanding margin calls due in your Scotia iTRADE accounts. Employees of The Bank of Nova Scotia (Scotiabank) and individuals who are currently or were previously holders/ joint holders of a Scotiabank chequing account within the last 2 years are not eligible for this Offer. Refer to the Current Rates Page on Scotiabank.com for the TotalAnnual Interest Rate applicable to the Preferred Package (current Regular Interest Rate plus Preferred Interest Rate Boost), which is subject to change at any time without advance notice. Basic Chequing Bank Account | Scotiabank Canada Remember my username or card number. There is no Per-use Overdraft Protection fee if you do not use the overdraft. In the second calendar year and thereafter, account holders qualify to be credited with the commissions associated with their first 5 online commissionable trades of Eligible Securities placed across all their Scotia iTRADE accounts during each year. You will receive the Annual Fee Waiver, even if you opened an Eligible Card prior to the Account Open Date. We reserve the right to contact the issuer of any identification document you present to us in order to verify that document and we will record the particulars of any identification document that you present to us. While account changes will take effect as of October 1, 2019, you may start to see changes, including the name of your account changing to Basic Plus Bank Account, starting approximately September 16, 2019. Arrange pre-authorised payments. Each Account will only receive one Annual Fee Waiver regardless of the number of accountholders on the Account or Eligible Cards opened. The account balance of one (1) Ultimate Package Account plus more than one (1) MomentumPLUS Savings Account(s) qualifies to pay no monthly fees on one (1) Ultimate Package account. We may also receive compensation if you click on certain links posted on our site. N/A | pdf : 746 12 transactions every month3including up to 4 teller-assisted transactions4. ","anchorName":"#why-should-i-open-an-account-at-scotiabank"},{"label":"What should I look out for? Both accounts must be in good standing. If the name shown on one of the pieces of identification or documents presented by you differs from the name shown on any other piece of identification or documents presented by you, you are required to provide us with a certificate evidencing the change of name (or a certified copy of that certificate) or other document supporting the change. Get an increase from 2 to 10 free Interac e-Transfer transactions per month, Safely and securely send money to friends and family in Canada. Should free trade rebates be awarded for the other programs and campaigns, those free trades will be applied first until fully consumed before applying Preferred Package free trades rebate. To change your eligible banking account type: From your Accounts page, select Manage My Accounts; Select Additional Services; Go to Day to Day Banking and select Change your account type For Scotiabank GICs that pay interest during their term (monthly, semi-annually or annually) the last interest payment is paid at maturity. If the primary account holder of the Preferred Package had a Scotia U.S. Dollar Daily Interest Account prior to activating a Preferred Package the fee waiver will apply to the bill cycle following the activation of the Preferred Package. First Year Annual Fee Waiver will not be applied if the Account or Eligible Card is not open or is not in good standing and cannot be combined with any other annual fee waiver offer. Please visit your nearest branch or call [1-800-472-6842] to speak with a Scotiabank representative. View, Credit Protection for Residential Mortgages, If youre 55 years or older, you pay no monthly fees and you can bank in person with 12. in-branch/cheque transactions. Preferred rates may change and may vary per applicant. The Bank of Nova Scotia (Scotiabank) received the highest score in the 2019 J.D. your occupation or type of business, if any. N/A | pdf : 746 $11.95 The basics If you want a no-frills account that doesn't require you to pay for features you won't use, the Scotiabank Basic Plus Bank Account could be a good fit for you. Interac e-Transfer is a registered trade-mark of Interac Corp. Used under license. If you open a Preferred Package account (the Account), on or after the date you open the Account (the Account Open Date), you will receive an annual fee waiver for the first year only (the First Year Annual Fee Waiver) on one eligible Scotiabank Credit Card account (an Eligible Card) opened on or after the Account Open Date. Pay a $11.95 fee per month to maintain your account unless you meet the minimum balance requirement. There are no other changes to your account4. For individuals 12 15 years of age, we ask that the individual confirm his or her own identity by providing either: The identification or documents that you present to us must be original, valid and not substantially defaced. The Preferred Package account includes 1 free non-Scotiabank Interac ABM cash withdrawal within Canada per month. Other conditions and limitations apply. Account holders may still be charged a convenience fee by the other bank and ABM operator, not by Scotiabank. Ultimate Package holders will receive Ultimate Package GIC interest rates (Ultimate Package GIC Rates) on Long Term Non-Redeemable GICs with terms between 1 and 10 years, excluding Special Rate GICs, Market Linked GICs and Guaranteed Income Optimizer GICs. The account must have a positive balance at least once every 30 days. Subject to availability. If you open an Ultimate Package account (the Account), on or after the date you open the Account (Account Open Date) you will receive an annual fee waiver (Annual Fee Waiver), each year for as long as you have one eligible Scotiabank Credit Card account (an Eligible Card) and the Account. After this date, the change will take effect and your account will become the Basic Plus Bank Account. Basic Banking Plan | pdf : 266 You get 12/month free transactions and $0 Interac e-Transfers. We may ask for a supporting document, such as a recent utility or tax bill, which includes both your name and address. The First Year Annual Fee Waiver will be applied to the first annual fee for a primary card charged on an Eligible Card after the Account Open Date. KB, Scotiabank - DAY-TO-DAY BANKING - COMPANION BOOKLET If the primary account holder of the Ultimate Package had a Basic Plus Bank Account prior to opening a new Ultimate Package the fee waiver will apply to the bill cycle following the activation of the Ultimate Package. Canadian Deposit Insurance Corporation (CDIC), ranked highest in retail banking advice satisfaction, Scotiabank Basic Plus Bank Account review, This account doesn't come with a welcome offer. For Scotiabank GICs that pay interest during their term (monthly, semi-annually or annually) the last interest payment is paid at maturity. For the latest Preferred Package GIC Rates, contact your branch or call 1-800-4-SCOTIA. Terms and Conditionsfound in Scotiabank International Money Transfer Agreement apply. Send money to friends and family anywhere in the world. Visit jdpower.com/awards. Scotiabank - DAY-TO-DAY BANKING - COMPANION BOOKLET No, being employed is not a requirement, but we are required by law to ask you about your employment. You can manage your preferences, Scotiabank Platinum American Express card, Click to Pay - easy, secure online checkout, Scotia SelectPay - Installment payment plans, Find the credit card that is right for you, Understanding mortgage prepayments and charges, Conventional vs. collateral mortgage charges, ScotiaLine Personal Line of Credit (STEP), ScotiaLine Personal Line of Credit for students, Registered Retirement Savings Plans (RRSP), Registered Education Savings Plans (RESP), Registered Retirement Income Funds (RRIF), Registered Disability Savings Plan (RDSP), Guaranteed Investment Certificates (GICs), Scotia Line of Credit Protection insurance, Scotia Plan Loan Life & Disability Protection insurance, Scotia Business Loan Protection insurance, Scotiabank - DAY-TO-DAY BANKING - COMPANION BOOKLET. Other conditions and limitations apply. Both accounts must be in good standing. All rates, fees, features, reward programs, bonus offers and benefits and related terms and conditions are subject to change. For Scotiabank GICs that pay interest during their term (monthly, semi-annually or annually) the last interest payment is paid at maturity. Ultimate Package holders will receive Ultimate Package GIC interest rates (Ultimate Package GIC Rates) on Long Term Non-Redeemable GICs with terms between 1 and 10 years, excluding Special Rate GICs, Market Linked GICs and Guaranteed Income Optimizer GICs. A provincial or territorial health insurance card, as permitted to be used for identification purposes under provincial law. If you have any questions about these changes, or want to see other banking options we may have for you, please visit www.scotiabank.com/chequing, your local branch, or call 1-888-999-7185 from Monday to Saturday, 7:00AM to 11:00PM EST. Redeem 1,250 points for a free General Admission or 3D movie ticket in a regular auditorium, 2,000 points for a free Enhanced movie ticket (i.e. A document or card, bearing your photograph and signature, issued by any of the following authorities: Insurance Corporation of British Columbia, Department of Service Nova Scotia and Municipal Relations, Department of Transportation and Public Works of the Province of Prince Edward Island, Department of Government Services and Lands of the Province of Newfoundland and Labrador, Department of Transportation of the Northwest Territories, Department of Community Government and Transportation of the Territory of Nunavut. The Ultimate Package account includes non-Scotiabank Interac ABM cash withdrawals in Canada and cash withdrawals at non-Scotiabank Visa* or PLUS* ABMs within and outside of Canada. Compare Scotiabank accounts and packages | Scotiabank Canada Fees may initially be charged for Interac e-Transfer transactions in excess of 99 in a month but will be reversed in the subsequent month. Fees may initially be charged for Interac e-Transfer transactions in excess of 99 in a month but will be reversed in the subsequent month. How does it compare to other banks or services? Power Canada Retail Banking Advice Satisfaction Study of customers satisfaction with bank-provided advice. Trades executed by a Trading Authority in the Scotia iTRADE account are also eligible. The Ultimate Interest Rate Boost is an annual rate calculated daily on the MomentumPLUS Savings Account(s) closing balance and paid monthly. Finder is committed to editorial independence. If more than one (1) Eligible Account is opened, only the first Eligible Account opened will be eligible for the Offer. A Social Insurance Number (SIN) card issued by the Government of Canada. Your deposits, withdrawals or transfers do not exceed $84,000 TTD annually. A customer must apply for an Overdraft Protection Plan to determine if they qualify. What are the requirements to open a bank account? How to Open a Bank Account Online | Scotiabank Canada Disclaimer - We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide. Individuals who were previously holders of a Scotiabank Chequing Account within the last two (2) years are not eligible for the Offers. The Ultimate Package monthly account fee is waived if a minimum daily closing balance of $5,000 is maintained for the entire month in the Ultimate Package. Basic Business Account - Scotiabank First Year Annual Fee Waiver will not be applied if the Account or Eligible Card is not open or is not in good standing and cannot be combined with any other annual fee waiver offer. The account must have a positive balance at least once every 30 days. Each cash withdrawal from non-Scotiabank Visa* or PLUS* ABMs will be charged $3.00 in Canada and the U.S. and $5.00 outside of Canada and the U.S. Account holders may still be charged a convenience fee by the other bank and ABM operator, not by Scotiabank. If there is more than one Eligible Card after the Account Open Date, the Annual Fee Waiver will be applied only to the first annual fee for a primary card that is charged on an Eligible Card after the Account Open Date. Notes: Unused free Interac e-Transfer transactions cannot be carried forward to subsequent months. Chequing accounts and packages comparison, Make at least one (1) eligible online bill payment, Set up and clear a minimum of two (2) separate eligible recurring pre-authorized transactions, Set up and clear at least one eligible automated and recurring direct deposit. All rates, fees, features and benefits are subject to change. Basic Plus Bank Account View Basic Plus Bank Account Pricing Monthly account fee Minimum daily closing balance required for the entire month to pay $0/month Usage Grow your money More Perks What you can access with every account Mobile and online banking Mobile cheque deposit Free credit score Both accounts must be in good standing. If you are unsure you should get independent advice before you apply for any product or commit to any plan. It will take up to 10 business days after activating an Ultimate Package account for the Ultimate Interest Rate Boost to apply. A customer must apply for an Overdraft Protection Plan to determine if they qualify. Only one account holder per each joint Ultimate Package account will be entitled to receive the credits for 10 or 5 free trades, as applicable, into their Scotia iTRADE account. You can also consider other chequing packages at the link below. However, if you would like to request overdraft protection, our normal credit policies and procedures will apply. If you are eligible for the Offer, during the first 12 months, your monthly Account fee will be waived and will not appear as a charge on your Account. The Bank of Nova Scotia, more commonly known as Scotiabank, is one of Canada's Big Six Banks. In the second calendar year and thereafter, account holders qualify to be credited with the commissions associated with their first 5 online commissionable trades of Eligible Securities placed across all their Scotia iTRADE accounts during each year. Monthly Record-keeping Options and Fees, for complete details reviewSummary of Account Fees. After the first 12 months, you will begin to see the monthly Account fee charged to your Account unless you maintain a minimum daily closing balance of $4,000, in which case the monthly Account fee will be waived per the Account terms and conditions. The Ultimate Package GIC Rates are subject to change without notice. A perfect way to send funds to family and friends worldwide. Eligibility and Exclusions: Individuals who are currently holders of a Scotiabank Chequing Account are not eligible for the Offers. Account holders who have a Scotia iTRADE account (except for corporate and non-personal Scotia iTRADE accounts) qualify to be credited with the commissions associated with their first 10 online commissionable trades of equities, options, debentures ($24.99 per debenture trade) or ETFs (Eligible Securities) placed across all account holder(s) Scotia iTRADE accounts within the calendar year when they open the Ultimate Package account. Current or previous cardholders of an Eligible Card or cardholders that transfer to an Eligible Card on or after the Account Open Date will not receive the First Year Annual Fee Waiver. Get 24/7 access to your money by using Scotia ATMs, the Scotia Caribbean App or Scotia OnLine Banking. All other fees and charges applicable to the Eligible Card continue to apply. Preferred rates on fixed and variable rate, closed mortgages for new purchases, switches, refinances and renewals on a Scotia Total Equity Plan (STEP) available through an advisor. Please visit your nearest branch or call [1-800-472-6842] to speak with a Scotiabank representative. No missed due dates and no late fees. Package recommendations are provided for information purposes only and should not be relied upon as financial, investment or other advice. All applicable service charges on the Account will continue to be applied monthly. Account must be in good standing. In addition to the identification/documents you are required to present to us, you must also disclose to us the following information, if it is not available on the pieces of identification that you present: In some instances, we may need to further investigate and verify the identification and/or information that you have provided prior to opening an account for you. You do not have an existing bank account at any local bank. A valid drivers license issued in Canada, as permitted to be used for identification purposes under provincial law; (Quebec legislation prevents us from asking for your drivers license, however, you may volunteer it.). For accounts that do not provide unlimited debit transactions, a charge for additional debit transactions may apply if you perform an Interac e-Transfer transaction over and above the number of debit transactions allowed in the account. Summary of changes New Basic Plus Bank Account | Scotiabank We may require you to tell us your SIN when you open an interest or income-bearing account to meet Canada Revenue Agency tax reporting requirements. Ultimate Package Account holders who add Overdraft Protection to their account will have the Overdraft Protection fee(s) automatically waived. Eligible Cards are the Scotiabank Gold American Express, Scotiabank Passport Visa Infinite*, Scotia Momentum Visa Infinite and Scotiabank Value Visa* credit cards. 125 SCENE points will be issued per adult transaction for a General Admission movie ticket, 200 SCENE points will be issued per adult transaction for an Enhanced movie ticket, and 250 SCENE points will be issued per transaction for a VIP Cinemas movie ticket. And Scotiabank is big, with over 900 locations in Canada, $1,184.84 billion in assets and $31.25 . Best Scotiabank Savings Accounts For July 2023 - Forbes How to open a bank account without photo ID in Canada, Opening a bank account without proof of address in Canada, Scotiabank Student Banking Advantage Plan review, Minimum Credit Score for Credit Card Approval, All International Money Transfer Services, Bank of Canada Interest Rate Forecast Report. You will receive the Annual Fee Waiver, even if you opened an Eligible Card prior to the Account Open Date.
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