Scotiabank Basic Bank Account

ScotiabankChequing

Scotiabank · Chequing

$3.95 a month with 18 transactions included.

Monthly fee$3.95
Transactions included18
Interest rateNone published
Deposit insuranceInsured

Fees and rates verified 2026-08-19Published fee scheduleWe earn nothing from any institution hereHow we research

What it costs

Monthly fee
$3.95
How the waiver works
No minimum-balance waiver. $0/month for clients 60+ (senior's pricing).
Each transaction over the limit
$1.25
NSF fee
$10.00
Overdraft protection, monthly
$5.00

What is included

Transactions each month
18 transactions a month
Interac e-Transfers
Included with no separate fee
ATM network
Scotiabank, Interac
ATM outside the network
$2.00

Who can open it

Senior discount
$3.95 a month

Deposit protection

Insured by
CDIC

Where these figures come from

Figures checked on
August 19, 2026

Notes

Entry-level account: 18 free debits a month and completely free for clients 60 and over.

Where the institution contradicts itself

The Bank Account Fees page lists Interac e-Transfer at $1.00 per transfer, while this account's own page states 'Free Interac e-Transfer transactions'. Recorded as included, per the account page.

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Where this came from. Every figure on this page is taken from the institution’s own page or its published fee schedule, never from another comparison site, and a field is left blank rather than guessed at. Rates and fees change without notice, so confirm with the institution before opening anything. We receive no payment from any institution listed here.