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 March 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.
Interest rate
0%
Transactions
unlimited
Interac e-transfers
$0
Non-network ATM in Canada
$2
Highlights
Unlimited debit transactions & Interac e-Transfer transactions One free non-Scotiabank ABM withdrawal per month in Canada First year annual fee waiver (up to $139) on select credit cards Pay just $1.99 for each Scotia International Money Transfer Preferred rates on select GICs Earn Scene+ points and redeem for various rewards
Scotiabank Ultimate Package
Earn up to $700 when you bundle an Ultimate Package, savings account, and registered account. Valid until March 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.
Interest rate
0%
Transactions
unlimited
Interac e-transfers
$0
Non-network ATM in Canada
$0
Highlights
Unlimited debit transactions & Interac e-Transfer transactions Unlimited free Global non-Scotiabank ABM withdrawals (terms apply) Up to $139 annual fee waiver each year on select credit cards No monthly Overdraft Protection fee Special rates on select GICs Earn Scene+ points and redeem for rewards 10 free equity trades at Scotia iTRADE in your first year (approximately $100 value), and 5 free equity trades every year after Free personalized cheques and drafts $60 annual fee waiver (equivalent to a small safety deposit box)
Scotiabank Preferred Package for Students and Youth
Earn up to $125 as a welcome bonus when you open an account. Apply by January 1, 2026.
Monthly fee
$0
Waiver
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).
Interest rate
0%
Transactions
unlimited
Interac e-transfers
$0
Non-network ATM in Canada
$2
Highlights
Unlimited debit transactions and Interac e-Transfer transactions Earn Scene+ rewards on your everyday purchases
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.
Sign up for the Scotiabank MomentumPLUS Savings Account and you may be eligible to earn three different types of interest totaling . 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.
Scotiabank Money Master Savings Account
Earn up to $700 when you bundle an eligible banking package, savings account, and registered account.
Interest rate
0.01%
Minimum balance
N/A
Monthly fee
$0
Transactions
$0
How does the Scotiabank chequing account promotion work?
With the Scotiabank chequing account promotion, you can earn a cash bonus of up to a $500 by completing two steps over the next few months. This chequing account offer is available when you open either of these chequing accounts between August 1, 2025 and October 30, 2025:
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:
(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 March 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 March 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 March 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
$48
Foreign Transaction Fee
2.5%
CDIC Deposit Insurance
$100,000
Bonus Offer
Earn $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:
Coast Capital Free Chequing, Free Debit, and More Account
New members can get up to $350 when they open and use a Coast Capital Free Chequing, Free Debit, and More Account and eligible Coast Capital credit card. Conditions apply. Offer ends January 5, 2026.
New members can get up to $600 when they open and use a Coast Capital Elevate Chequing Account and eligible Coast Capital credit card. Conditions apply. Offer ends January 5, 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
unlimited
Interac e-transfers
$0
Non-network ATM in Canada
$2.50
Coast Capital Unlimited Chequing Account
New members can get up to $450 when they open and use a Coast Capital Unlimited Chequing Account and eligible Coast Capital credit card. Conditions apply. Offer ends January 5, 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
unlimited
Interac e-transfers
$0
Non-network ATM in Canada
$2.50
BMO Performance Chequing Account
Get up to $700*.
Earn $500 when you open a new BMO Performance Chequing Account, make a deposit of any amount by March 2, 2026 and complete two qualifying tasks by April 30, 2026.
Plus, get a Walmart Delivery Pass subscription for up to 12 months* when you open a new Savings Amplifier Account by March 2, 2026, and sign up for or update your existing Walmart Delivery Pass by April 30, 2026 by selecting Debit Mastercard as the payment option for the monthly transaction fee.
Earn $150* when you deposit a total of $10,000 or more in to your Savings Amplifier Account and maintain a daily closing balance of $10,000 or more at all times for the specified period.
Earn $50* when you create one goal and apply one strategy in My Financial Progress Plan by April 30, 2026.
The monthly account fee is waived if you maintain a minimum daily balance of at least $4,000.
Interest rate
0%
Transactions
unlimited
Interac e-transfers
$0
Non-network ATM in Canada
$2
Highlights
monthly fee is waived for members of the Canadian Defence Community
BMO Premium Plan Chequing Account
Get up to $700 in bonuses. Get a $700 welcome bonus, plus a Walmart Delivery Pass subscription for up to 12 months when you open a Premium Plan Chequing Account and Savings Amplifier Account.* Valid until March 2, 2026. Plus, earn a 4.60% promo rate with a new Savings Amplifier Account. *Terms apply.
Monthly account fee waived if you keep a balance of at least $6,000 in your account each month.
Interest rate
0%
Transactions
unlimited
Interac e-transfers
$0
Non-network ATM in Canada
$0
Highlights
free overdraft protection
RBC Signature No Limit Banking Account
Get $400 when you open your first RBC Signature No Limit Banking Account and complete two of the qualifying criteria tasks. Apply by January 13, 2026.
Monthly fee
$16.95
Waiver
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
Non-network ATM in Canada
$2
Highlights
5 free cross-border debits per month ($1.00 each afterwards)
RBC VIP Banking Account
Get $400 when you open your first RBC VIP Banking Account and complete two of the qualifying criteria tasks. Apply by January 13, 2026.
Monthly fee
$30
Waiver
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
Non-network ATM in Canada
$0
Highlights
free cross-border debit transactions, free RBC VIP Style personalized cheques and up to 2 additional Canadian dollar accounts and 1 U.S. dollar account
CIBC Smart Account
Get a $500 cash bonus when you open a CIBC Smart Account as your first chequing account and complete the qualifying actions within 2 months.
Monthly fee
$16.95
Waiver
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
Free
Non-network ATM in Canada
$2
Highlights
Unlimited transactions cost $16.95 or $0, depending on the Tier option you opt for.
Innovation Federal Credit Union No-Fee Chequing Account
Apply to win a $500. Open a No-Fee Bank Account and you'll be entered to win one of two draws for $500. T&Cs apply. Valid until December 31, 2025.
Monthly fee
$0
Transactions
unlimited
Interac e-transfers
$0
Non-network ATM in Canada
N/A
Highlights
Unlimited transactions
TD Unlimited Chequing Account
Get up to $750 when you open a TD Unlimited Chequing Account. Terms and conditions apply. Offer ends March 3, 2026.
Monthly fee
$17.95
Waiver
maintain a $4,000 minimum balance to receive a monthly fee rebate.
Transactions
unlimited
Interac e-transfers
$0
Non-network ATM in Canada
$0
Highlights
Earn up to $750 when you open a new chequing account and set up direct deposit.
Tangerine No-Fee Daily Chequing Account
Earn up to $250. Open a No-Fee Daily Chequing Account and switch your payroll deposits to your new Tangerine Chequing Account for 2 consecutive months to receive $250. Valid until January 31, 2026.
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 March 16, 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 $125 as a welcome bonus when you open an account. Apply by January 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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