Scotiabank is one of the largest banks in Canada, offering a variety of personal accounts for everyday spending. Here’s what you need to know about Scotiabank chequing accounts including fees, features and how Scotia chequing accounts compare.
Learn more about the following Scotiabank chequing account types:
Get a welcome bonus of $350. Conditions apply. Valid until October 31, 2023.
Earn a $350 welcome bonus. Conditions apply. Valid until October 31, 2023. Earn up to 5.40% interest for 3 months on your MomentumPLUS Savings Account.
Open a student account today and get up to $100. Apply by October 31, 2023.
(Youth spending & saving)
All Scotia chequing accounts come with the following features:
Scotia bank plans are pretty straightforward to set up. Generally, to apply for Scotiabank chequing accounts, you’ll need to meet these eligibility requirements and provide the following information:
To open a Scotiabank chequing account, you need to be at least the age of majority in your province or territory (18 or 19 years old) unless you’re opening a Scotiabank Getting There Savings Account. Applicants under age 12 will need to apply with a parent. Applicants aged 12 to 15+ can open an account without a parent if they have either their own ID or their parents’ ID.
Applicants for all Scotiabank account types must be residents of Canada. Students and people who are in Canada for work are also welcomed to apply.
Scotiabank lets you securely verify your identity online using information from an existing Canadian bank including BMO, CIBC, Desjardins, RBC, Scotiabank and TD. The process takes just a few minutes, and you can see which information is being sent to Scotiabank.
If you’re opening an account in person at a local Scotiabank branch, you can provide ID such as a driver’s license issued in Canada, Canadian passport or Permanent Resident Card. Learn more about acceptable types of identification here.
The application process for Scotiabank chequing accounts requires the following information:
Here are some Scotiabank monthly fees and miscellaneous charges you should be aware of:
Scotiabank Preferred Package
Monthly Account Fee
$16.95
Free Transactions
unlimited
e-Transfer Fee
$0
BMO Performance Chequing Account
Monthly Account Fee
$16.95
Free Transactions
unlimited
e-Transfer Fee
$0
Coast Capital Free Chequing, Free Debit, and More Account
Monthly Account Fee
$0
Free Transactions
unlimited
e-Transfer Fee
$1.50
If your main priority when comparing chequing accounts is avoiding monthly fees, consider the Simplii No Fee Chequing Account (backed by CIBC), the Coast Capital Chequing Account or the Tangerine No-Fee Daily Chequing Account.
If you spend and transfer money frequently, consider the BMO Premium Plan Chequing Account or BMO Performance Chequing Account. These accounts come with perks like unlimited free transactions, annual fee rebates on select credit cards, waived monthly fees for additional accounts, bonus interest rates on GICs and more.
Pay a low monthly fee to take advantage of value-added features with this no-frills account.
Earn a great mix of rewards and benefits with this premium student bank account from Scotiabank.
Scotiabank’s Basic Business Account isn’t fancy, but it gives you all the essentials to bank comfortably.
Earn the best mix of rewards and benefits with this premium bank account package from Scotiabank.
Take advantage of Scotiabank’s most popular account features and get special access to exclusive rates and rewards.