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 $700.
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
Earn up to $700 when you bundle a Preferred Package, savings account, and registered account. Valid until July 2, 2026. Plus, earn up to 4.70% interest for 3 months on your MomentumPLUS Savings Account.
The monthly account fee will be waived if you have at least $4,000 in your account at all times.
Transactions
$0
Interac e-transfers
$0
Highlights
Earn up to $700 when you bundle a Preferred Package, savings account, and registered account. Valid until July 2, 2026. Plus, earn 4.70% interest for 3 months on your MomentumPLUS Savings Account.
Scotiabank Ultimate Package
Earn up to $700 when you bundle an Ultimate Package, savings account, and registered account. Valid until July 2, 2026. Plus, earn up to 4.75% interest for 3 months on your MomentumPLUS Savings Account.
Monthly account fee waived if you have at least $6,000 in your account at all times or a combined balance of $30,000 across your Ultimate Package and a MomentumPLUS Savings Account.
Transactions
$0
Interac e-transfers
$0
Highlights
Earn up to $700 when you bundle an Ultimate Package, savings account, and registered account. Valid until July 2, 2026. Plus, earn 4.75% interest for 3 months on your MomentumPLUS Savings Account.
Scotiabank Preferred Package for Students and Youth
Earn up to $175 as a welcome bonus when you open an account. Apply by July 1, 2026.
You won't be charged a monthly account fee until you turn 23 years old (account holders older than 23 must be domestic or international students enrolled in a full time post-secondary program in Canada or the U.S. with valid proof of enrolment to qualify for no account fee).
Transactions
$0
Interac e-transfers
$0
Highlights
Earn up to $175 as a welcome bonus when you open an account. Apply by July 1, 2026.
Scotiabank MomentumPLUS Savings Account
Earn a savings rate of up to 4.75% for 3 months when you open a Scotiabank MomentumPLUS Savings Account and a Scotiabank Ultimate Chequing Account.
Earn 0.01% on your savings and access your money at any time.
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 $700 by completing a few steps over the next few months.
Steps to earn the Scotiabbank $700 promotional offer
Earn up to a $700 bonus. Earn $500 by completing any two of the following steps within 60 days of opening the Scotiabank Preferred Package (offer valid until July 2, 2026):
(1) Set up and clear at least one eligible automated and recurring direct deposit, such as payroll or pension, which will recur monthly for a minimum of 6 consecutive months, or (2) Set up and clear a minimum of one eligible recurring pre-authorized transactions with a minimum value of at least $50 per transaction which will each recur monthly for a minimum of 6 consecutive months, or (3) Make at least one eligible online bill payment of at least $50 through the Scotiabank Mobile App or through Scotia OnLine.
To earn up to $100 more, you must complete Step 1. Before July 2, 2026, and within 60 days of opening your new Package account, open a new RRSP, TFSA or FHSA.
To earn up to $100 more, you must complete Step 1. Before July 2, 2026, and within 60 days of opening a new Money Master Savings Account and set up either Pay Yourself First or the Savings Finder tool. Stay enrolled for at least 90 days in a row.
How does the Scotiabank savings account promotion work?
Sign up for the Scotiabank MomentumPLUS Savings Account and you may be eligible to earn three different types of interest totaling 4.75%. The first is a base rate of 0.40% that you'll earn on your entire balance, plus a package interest rate boost of 0.10% for Ultimate Package holders and a 0.05% rate for Preferred Package holders.
The second is a premium interest rate of 0.45%, which is earned when you choose 360-day premium period (or earn lower rates with 90, 180 and 270 periods). A longer premium period earns a higher premium period interest rate, provided you don't make any withdrawals within the selected period. Premium period interest is calculated daily and paid at the end of the applicable premium period.
The third is a welcome bonus interest rate of 4.05% for 3 months, calculated daily and paid monthly for 90 days (3 months) on your first MomentumPLUS Savings Account.
Eligibility: 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. Perks: 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. Credit card (yes/no): Yes
Unlimited transactions
No monthly fee (conditions apply)
Fee-free international transfers through the Scotiabank StartRight Program
Earn up to $700 when you bundle a Preferred Package, savings account, and registered account. Valid until July 2, 2026. Plus, earn up to 4.70% interest for 3 months on your MomentumPLUS Savings Account.
Maintain a $4,000 minimum balance to avoid monthly fees after the first year
Monthly Account Fee
$16.95
Free Transactions
unlimited
Interac e-Transfer Fee
$0
In-Network ATM Fee
$2
NSF Fee
$10
Foreign Transaction Fee
2.5%
CDIC Deposit Insurance
$100,000
Bonus Offer
Earn up to $700
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:
Exclusive
BMO Performance Chequing Account
Finder exclusive:Get a $175 digital Visa gift card from Finder. Become a Finder Member and open a BMO Performance Chequing Account through Finder.
The monthly account fee is waived if you maintain a minimum daily balance of at least $4,000.
Transactions
$0
Interac e-transfers
$0
Highlights
Earn up to an $800 cash bonus. Plus, get a Walmart Delivery Pass subscription for up to 12 months.
BMO Performance Chequing Account
Earn up to $800. Earn up to an $800 cash bonus with the BMO Performance Chequing Account. Plus, get a Walmart Delivery Pass subscription for up to 12 months. Valid until June 1, 2026.
The monthly account fee is waived if you maintain a minimum daily balance of at least $4,000.
Transactions
$0
Interac e-transfers
$0
Highlights
Earn up to an $800 cash bonus. Plus, get a Walmart Delivery Pass subscription for up to 12 months.
BMO Premium Plan Chequing Account
Earn up to $800. Earn up to an $800 cash bonus with the BMO Premium Plan Chequing Account. Plus, get a Walmart Delivery Pass subscription for up to 12 months. Valid until June 1, 2026.
Opt in and earn 3.5% interest on your savings. Plus, earn 2.00% cash back on groceries, transportation, food, and drink purchases.
Coast Capital Free Chequing, Free Debit, and More Account
New members can get up to $550 when you open a Coast Capital Free Chequing, Free Debit, and More Account, an eligible credit card and a HISA Account. T&Cs apply. Offer ends March 31, 2026.
New members can get up to $550 when you open a Coast Capital Free Chequing, Free Debit, and More Account, an eligible credit card and a HISA Account. T&Cs apply. Offer ends March 31, 2026.
Coast Capital Elevate Chequing Account
Limited time offer: Get up to $850 when you bundle and use everyday banking by March 31, 2026.
You'll pay a reduced monthly fee of $8.50 if you maintain a minimum balance of $4,000 at all times, or if you’re either 25 or younger or 59 or older.
Transactions
$0
Interac e-transfers
$0
Highlights
New members can get up to $850 when you open a Coast Capital Elevate Chequing Account, an eligible credit card and a HISA Account. T&Cs apply. Offer ends March 31, 2026.
Coast Capital Unlimited Chequing Account
New members can get up to $850 when you open a Coast Capital Unlimited Chequing Account, an eligible credit card and a HISA Account. T&Cs apply. Offer ends March 31, 2026.
You'll pay no monthly fee if you maintain a minimum balance of $4,000 at all times, or if you're either 25 or younger or 59 or older.
Transactions
$0
Interac e-transfers
$0
Highlights
New members can get up to $850 when you open a Coast Capital Unlimited Chequing Account, an eligible credit card and a HISA Account. T&Cs apply. Offer ends March 31, 2026.
Exclusive
RBC Signature No Limit Banking Account
Finder exclusive:Get a $150 digital Visa gift card from Finder. Become a Finder Member and open an RBC Signature No Limit Banking Account through Finder.
Through RBC's Value Program Rebate, pair this account with other eligible RBC accounts and save up to $11.95 per month. Only pay $10.95/month for this account with 2 other eligible RBC products.
Transactions
unlimited
Interac e-transfers
$0
Highlights
Get the new Apple Watch when you open your first RBC Signature No Limit Banking Account, plus get Apple Music and Apple Fitness+ at no cost for 3 months with your new Apple Watch. Apply by June 1, 2026.
RBC Signature No Limit Banking Account
Get an Apple Watch Series 11 GPS when you open your first RBC Signature No Limit Banking Account, plus get Apple Music and Apple Fitness+ at no cost for 3 months with your new Apple Watch. Apply by June 1, 2026.
Through RBC's Value Program Rebate, pair this account with other eligible RBC accounts and save up to $11.95 per month. Only pay $10.95/month for this account with 2 other eligible RBC products.
Transactions
unlimited
Interac e-transfers
$0
Highlights
Get the new Apple Watch when you open your first RBC Signature No Limit Banking Account, plus get Apple Music and Apple Fitness+ at no cost for 3 months with your new Apple Watch. Apply by June 1, 2026.
RBC VIP Banking Account
Get a new Apple Watch. Plus, get Apple Music and Apple Fitness+ at no cost for 3 months with your new Apple Watch. T&Cs apply. Valid until June 1, 2026.
Through RBC’s Value Program Rebate, pair this account with 2 other eligible RBC accounts and get cashback for some or all of your monthly fees—for example, only pay $19.95/month for this account.
Transactions
unlimited
Interac e-transfers
$0
Highlights
Get a new Apple Watch. Plus, get Apple Music and Apple Fitness+ at no cost for 3 months with your new Apple Watch. T&Cs apply. Valid until June 1, 2026.
Simplii No Fee Chequing Account
Earn $300 and a $50 Skip gift card when you become a new client and set up a direct deposit of at least $100 for 3 months. Offer ends March 31, 2026.
The monthly fee is waived if you have a minimum of $4,000 in your CIBC chequing account. You also won't have to pay a monthly fee if you opt for Tier 2 where, if you hold $40,000 to $99,999 in combined average monthly CIBC eligible balances, you'll be eligible for rebates on select ATM fees. If you opt for Tier 3 by holding $100,000 or more in combined eligible CIBC balances, you will also get credit card fee rebates and free overdraft protection.
Transactions
Unlimited
Interac e-transfers
$0
Highlights
Earn $500 when you open a CIBC Smart Account and complete the qualifying actions within 2 months.
Innovation Federal Credit Union No-Fee Chequing Account
Apply to win a $2,500 winter getaway. Open a No-Fee Bank Account and you'll be entered to win. Valid until March 31, 2026.
Earn up to $250 when you open a No-Fee Daily Chequing Account and move your pay. Valid until April 30, 2026.
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 April 30, 2026. Thereafter, you'll earn 0.30%.
Besides offering very competitive sign-up promotions, Scotiabank customers also get access to the Global ATM Alliance with 3,600 ATMs in Canada and 44,000 partner ATMs around the world. Plus, you can use your Scotiabank cards with Apple Pay, Samsung Pay and Google Pay.
The current Scotiabank welcome bonus comes in two parts. The first is a cash bonus of $700 when you open an eligible Scotiabank chequing account and complete certain qualifying actions. The second is an interest rate bonus of up to 4.75% when you open a Scotiabank MomentumPLUS Savings Account and complete select actions.
Scotiabank is offering a competitive offer for students. Earn up to $175 as a welcome bonus when you open an account. Apply by July 1, 2026. You can also get access to discounted trading. Get free trades for Students & Youth with Scotia iTRADE
Chelsey Hurst is a publisher 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.
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Earn high interest rates and get unlimited free transfers when you sign up for an account with this innovative online bank.
Advertiser disclosure
Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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