Scotiabank promotions and offers

Explore the latest Scotiabank offers, and see how much you could potentially earn by opening an account with this popular Canadian bank.

We’ve rounded up the latest and best Scotiabank promotions here, so you can easily compare offers and find the best deal for you. Right now, Scotiabank is offering one of the highest cash bonuses we’ve ever seen on the Canadian market—up to $1,100.

Check out this list of current Scotiabank promotions available below, and compare it with other Canadian bank offerings.

Scotiabank promotions and offers available now

We’ve compiled the latest Scotiabank promotions and offers currently available, so you can easily browse and compare deals.

Scotiabank Preferred Package
Exclusive

Scotiabank Preferred Package

Finder exclusive: Get $100 from Finder Become a Finder member, then open a new Scotiabank Preferred Package online through Finder as a first-time customer to get a $100 digital Visa card from Finder + earn up to $1,000 in welcome bonuses from Scotiabank. Keep the account open until January 15th, 2027. Offer ends November 30, 2026.

Get deal
Scotiabank Preferred Package

Scotiabank Preferred Package

Earn up to $1,000 when you bundle a Preferred Package, savings account, and credit card. Valid until March 4, 2027.

Get deal
Scotiabank Ultimate Package

Scotiabank Ultimate Package

Earn up to $1,000 when you bundle an Ultimate Package, savings account, and credit card. Valid until March 4, 2027.

Scotiabank Preferred Package for Students and Youth

Scotiabank Preferred Package for Students and Youth

Earn up to $175 as a welcome bonus when you open an account. Apply by February 28, 2027

Scotia High Interest Savings Account

Scotia High Interest Savings Account

Earn up to 5% for the first 3 months when you open your first Scotia High Interest Savings Account. T&Cs apply.

How does the Scotiabank chequing account promotion work?

With the Scotiabank Preferred Package chequing account promotion, you can earn a cash bonus of up to $1,000 by completing a few steps over the next few months.

Steps to earn the Scotiabbank $1,000 promotional offer

Earn up to a $1,000 bonus. Earn $700 by opening a Scotiabank Preferred Package account by March 4, 2027 and completing the following qualifying actions.

You must first set up and receive one eligible automated direct deposit (like a payroll or pension) within 60 days of opening the account, which must be ongoing for at least four consecutive months.

Then, complete one of the following actions within 60 days of opening your new account:
(1) Set up and make one eligible pre-authorized transaction (e.g. mortgage, insurance, or rent) of at least $50, that recurs for at least four months in a row. (2) Make one eligible bill payment (like a phone or utility bill) of at least $50 through Scotia’s online or mobile banking. (3) Make five eligible Visa Debit purchases using your ScotiaCard.

To earn an additional $200, you must complete all requirements to earn the $700 bonus, and then within 60 days of opening your new Preferred Package account, open your first eligible RRSP, TFSA or FHSA with Scotiabank.

Then to earn up to $100 more, you must complete all requirements for the $700 bonus and then apply and be approved for an eligible credit card within 60 days of opening your chequing account. Then, make at least one qualifying purchase within 60 days of opening your eligible credit card. Eligible credit cards include the Scotiabank Scene+ Visa Card, the Scotiabank Passport Visa Infinite + card, the Scotiabank Gold American Express card and the Scotia Momentum Visa Infinite + card.

How does the Scotiabank savings account promotion work?

In order to qualify for the Scotia High Interest Savings Account promotion, you'll need to meet some requirements.

Earn up to 5% for the first 3 months when you open your first Scotia High Interest Savings Account. You must not currently have a MomentumPLUS Savings Account or a Scotia HISA or have held either account within the last 2 years.

You'll earn the standard tiered interest rate (on balances of $10,000 or above), which is dependent on your total balance across all eligible Scotiabank accounts, and then earn an additional promotional interest rate boost of 2.80% for the first 90 days on your Scotia High Interest Savings Account. T&Cs apply.

Scotiabank offers for newcomers

Scotiabank logo
$16.95
(can be waived)
Unlimited
$0
Earn up to $1,000 when you bundle a Preferred Package, savings account, and credit card. Valid until March 4, 2027. T&Cs apply.
Go to siteView details
Compare product selection

Why we like it

You can apply for the Preferred Package chequing account through the StartRight program if you're a Canadian resident that has been in Canada for 0-5 years as an international student or foreign worker. You'll get unlimited no-fee international transfers, access to credit cards with no credit history and 10 free equity trades when you invest a minimum of $1,000 in a new Scotia iTRADE account. Plus, you can apply for a Scotiabank credit card.

Pros

  • Unlimited transactions
  • No monthly fee (conditions apply)
  • Fee-free international transfers through the Scotiabank StartRight Program
  • Earn up to $1,000 when you bundle a Preferred Package, savings account, and credit card. Valid until March 4, 2027

Cons

  • Maintain a $4,000 minimum balance to avoid monthly fees after the first year
loading

Scotiabank promotions vs. other Canadian bank offers on now

Although Scotiabank is offering a very high cash bonus offer, other Canadian banks, fintechs and credit unions are offering competitive promotions right now. Compare these other promos with Scotiabank offers:

BMO Performance Chequing Account
Exclusive

BMO Performance Chequing Account

Finder exclusive: Get a $175 digital Visa card from Finder Become a Finder member, then open a new BMO Performance Chequing Account through Finder as a first-time customer and keep it open until January 29, 2027. Offer ends November 30, 2026.

Get deal
BMO Performance Chequing Account

BMO Performance Chequing Account

Earn up to $1,100. Earn up to a $1,100 cash bonus with the BMO Performance Chequing Account. Plus, get a Walmart+ membership for up to 12 months. Valid until March 1, 2027.

Get deal
BMO Premium Plan Chequing Account

BMO Premium Plan Chequing Account

Earn up to $1,100. Earn up to a $1,100 cash bonus with the BMO Premium Plan Chequing Account. Plus, get a Walmart+ membership for up to 12 months. Valid until March 1, 2027.

KOHO Core Plan

KOHO Core Plan

New KOHO Core users can get $40 when they sign up with promo code FINDER4026. T&Cs apply.

Coast Capital Free Chequing, Free Debit, and More Account

Coast Capital Free Chequing, Free Debit, and More Account

Earn up to $350. Earn up to a $350 cash bonus with the Coast Capital Free Chequing, Free Debit, and More Account.

Coast Capital Elevate Chequing Account

Coast Capital Elevate Chequing Account

Earn up to $600. Earn up to a $600 cash bonus with the Coast Capital Elevate Chequing Account

Coast Capital Unlimited Chequing Account

Coast Capital Unlimited Chequing Account

Earn up to a $600 cash bonus when you open and use a Coast Capital Unlimited Chequing Account. Offer expires November 30, 2026.

RBC Signature No Limit Banking Account

RBC Signature No Limit Banking Account

Open an RBC Signature No Limit Banking Account and get up to $600. T&Cs apply. Valid until March 1, 2027

RBC VIP Banking Account

RBC VIP Banking Account

Open an RBC VIP Banking Account and get up to $600. T&Cs apply. Valid until March 1, 2027

Simplii No Fee Chequing Account

Simplii No Fee Chequing Account

Earn $350 when you become a new client and set up a direct deposit of at least $100 for 4 straight months. Offer ends January 31, 2027.

Simplii High Interest Savings Account

Simplii High Interest Savings Account

Earn 5.00% interest for 5 months on up to $100,000 in savings. Terms apply. Offer ends January 31, 2027.

EQ Bank Personal Account

EQ Bank Personal Account

Earn 3.00% interest on your money with qualifying direct deposits of $2,000/month, and 1.50% otherwise.

CIBC Smart Account

CIBC Smart Account

Earn up to $850 when you open a CIBC Smart Account with an eligible credit card and complete two qualifying tasks.

TD Growth Savings Account

TD Growth Savings Account

Earn a 4% bonus interest rate for 90 days when you open a new TD Growth Savings Account and make a new deposit. Valid until January 29, 2027.

TD Unlimited Chequing Account

TD Unlimited Chequing Account

Get up to $850 when you open a TD Unlimited Chequing Account. T&Cs apply. Offer ends March 3, 2027

Tangerine No-Fee Daily Chequing Account

Tangerine No-Fee Daily Chequing Account

Earn up to $250. Earn up to $250 when you open a No-Fee Daily Chequing Account and move your pay. Valid until April 30, 2027.

Tangerine Savings Account

Tangerine Savings Account

Open a Tangerine Savings Account to earn 4.50% for the first 5 months (on up to $1,000,000 in deposits) when you sign up by November 30, 2026. Thereafter, you'll earn 0.30%.

You can explore more options from the Big Five banks, digital banks, credit unions and prepaid cards in our guide to the best bank promotions in Canada.

FAQs about Scotiabank promotions and offers

Chelsey Hurst's headshot
Written by

Growth Manager (Banking & Investments)

Chelsey Hurst is a Growth Manager at Finder, specializing in banking and investments. She loves empowering people to avoid financial pitfalls and make better decisions with their money. Chelsey has a Bachelor of Science from Redeemer University, a Master of Science from McMaster University, and has won multiple awards for research communication. In her spare time, Chelsey enjoys cooking and taking long walks in nature. See full bio

Chelsey's expertise
Chelsey has written 126 Finder guides across topics including:
  • Banking
  • Stock Trading
  • Cryptocurrency

More guides on Finder

Go to site