Scotiabank · Chequing
$16.95 a month with unlimited transactions, waived if you keep $4,000 in the account.
Fees and rates verified 2026-08-19Published fee scheduleWe earn nothing from any institution hereHow we research
What it costs
- Monthly fee
- $16.95
- Fee waived with a balance of
- $4,000
- How the waiver works
- $0/month if you hold $4,000 or more in the account every day for the entire month; $12.95/month for clients 60+
- NSF fee
- $10.00
- Overdraft protection, monthly
- $5.00
What is included
- Transactions each month
- Unlimited transactions
- Interac e-Transfers
- Included with no separate fee
- ATM network
- Scotiabank, Interac
- ATM outside the network
- $2.00
Who can open it
- Senior discount
- $4.00 a month
Current offer
- Welcome bonus
- $1,000
- What it requires
- Up to $1,000: $700 for opening the chequing account, setting up at least one eligible automated recurring direct deposit (recurring 6+ months) and completing one qualifying transaction; +$200 for a Money Master Savings Account held with a Smart Savings Tool for 90 consecutive days; +$100 for an approved eligible credit card with one qualifying purchase within 60 days. Offer period July 3, 2026 to October 29, 2026; conditions must be completed within 60 days of opening.
Deposit protection
- Insured by
- CDIC
Where these figures come from
- Figures checked on
- August 19, 2026
- Source page
- www.scotiabank.com
- Fees and terms
- Published fee schedule
Notes
Unlimited debits and e-Transfers plus one fee-free non-Scotiabank ABM withdrawal in Canada per month.
Where the institution contradicts itself
The account page displays an offer end date of July 29, 2026 while the offer-terms page states the offer period is July 3, 2026 to October 29, 2026. Recorded the offer-terms dates.
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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.