Earn Scene+ points<\/h4><\/li><\/ul>
You can use the debit card linked to your Scotiabank Preferred Package to earn Scene+ reward points. You'll earn 1 Scene+ Point for every $5 spent on debit purchases (up to a maximum of 300 points per transaction and 600 points per day).<\/p>
You can redeem points for travel, tech and entertainment purchases as well as credits on eligible Scotiabank products and gift cards for over 60 brands. Scene+ partners include Home Hardware, Thrifty Foods, Sobeys and Foodland.<\/p>
Low fees on international money transfers<\/h4><\/li><\/ul>
If you need to send an international money transfer, you can send a Scotia International Money Transfer for just $1.99 per transaction. It\u2019s easy to submit a transfer via online or mobile banking, and you can send bank-to-bank transfers and cash pickup transfers to at least 20 countries around the world.<\/p>
Credit card fee waiver<\/h4><\/li><\/ul>
You can take advantage of a first-year annual fee waiver (up to $150) on select Scotiabank credit cards. Eligible cards for this perk are:<\/p>
- Scotiabank Gold American Express<\/a><\/li>
- Scotiabank Passport Visa Infinite<\/a><\/li>
- Scotia Momentum Visa Infinite<\/a><\/li>
- Scotiabank Value Visa<\/a><\/li><\/ul>
Preferred GIC rates<\/h4><\/li><\/ul>Scotiabank Preferred Package customers can access special interest rates on long-term non-redeemable GICs with terms ranging from 1 to 10 years.
<\/div>Bonus interest on a MomentumPLUS Savings Account<\/h4><\/li><\/ul>
If you open a MomentumPLUS Savings Account with the Scotiabank Preferred Package, you\u2019ll earn an extra 0.05% interest on a Scotiabank MomentumPLUS Savings Account balance. The total interest rate you can get depends on how long you go without making a withdrawal.<\/p>
Free trade offer at Scotia iTRADE<\/h4><\/li><\/ul>
When you open a Scotiabank Preferred Package account, you can take advantage of a \u201cTrade 1 Get 1 Free\u201d offer at Scotia iTRADE. This entitles you to 20 free stock or ETF trades on the Scotia iTRADE mobile app in your first year and 10 free trades every year after that.<\/p>
Large branch and ABM network<\/h4><\/li><\/ul>
Scotiabank has over 900 branches across Canada if you need to perform in-branch transactions or access face-to-face customer service. It also has a nationwide network of over 3,500 ABMs and is a member of the Global ATM Alliance, which provides access to over 44,000 ABMs in more than 40 countries around the world.<\/p>
Highly rated mobile app<\/h4><\/li><\/ul>
It\u2019s easy to manage your account via Scotiabank\u2019s online and mobile banking platforms. Scotiabank Mobile Banking has also picked up plenty of positive user reviews, boasting average scores of 4.6\/5 on Google Play and 4.7\/5 on the Apple App Store from hundreds of thousands of ratings.<\/p>
What are the drawbacks?<\/h3>
<\/div>$16.95 monthly fee<\/h4><\/li><\/ul>
You\u2019ll need to pay a $16.95 monthly fee to access the unlimited transactions and perks this account has to offer. That means you\u2019ll pay more than $1,000 in fees over the course of 5 years. If you want to say farewell to bank fees, you may want to consider a no-fee chequing account instead.<\/p>
\n \nDive deeper: <\/span>Best free (no-fee) chequing accounts in Canada<\/a>\n<\/div>\n<\/article>High minimum balance requirement to avoid the monthly fee<\/h4><\/li><\/ul>
You can avoid the monthly fee on the Preferred Package account, but only if you keep your daily closing balance at $4,000 or higher. That may not be a viable option for many people. Also, it\u2019s a large sum of money just sitting in your account doing nothing when it could be earning interest in a high interest savings account.<\/p>
Non-Scotiabank ABM fees<\/h4><\/li><\/ul>
While this account does come with 1 free ABM withdrawal from a non-Scotiabank ABM each month, subsequent withdrawals from out-of-network ABMs incur a $2 fee. With this in mind, you\u2019ll want to make sure to withdraw from a Scotiabank cash machine whenever possible.
\n \nRelated: <\/span>Best chequing accounts in Canada<\/a>\n<\/div>\n<\/article><\/p>How does this account compare to alternatives?<\/h3>\nWhile there are many comparable accounts on the Canadian landscape, the best alternative is the BMO Performance Chequing Account. It is the highest-rated Big Five Bank chequing account on our list of the best chequing accounts in Canada<\/a>.\n
<\/div>\n\nBesides offering top features, widespread ATM access and unlimited transactions, for a limited time when you sign up for the BMO Performance Chequing Account through Finder, you'll get an exclusive offer.\n<\/div>\n\r\n \r\n \r\n \t\r\n \t\r\n \r\n \r\n\r\n\r\n![\"BMO](\"https:\/\/www.finder.com\/niche-builder\/61a073898f68c.png\")
<\/center>\r\n <\/div>\r\n\r\n \r\n\r\n \r\n \r\n\r\n \r\n \r\n \r\n \r\n \r\n 8.7<\/span>\r\n <\/span>\r\n \r\n Great\r\n <\/span>\r\n <\/a>\r\n \r\n <\/div>\r\n <\/center>\r\n\r\n\r\n Go to site<\/a>\r\n Read review<\/a>\r\n <\/div>\r\n\r\n<\/div>\r\nBMO Performance Chequing Account<\/b><\/h4>\r\n\r\n \r\n
\r\n\r\n Earn up to $800<\/b>\r\n \r\n <\/span>\r\n
\r\n Bonus\r\n Offer<\/span>\r\n\r\n <\/span><\/div>\r\n\r\n\r\n $17.95\r\n \r\n <\/span>\r\n
\r\n Monthly\r\n Account Fee<\/span>\r\n\r\n <\/div>\r\n\r\n unlimited\r\n \r\n <\/span>\r\n
\r\n Free\r\n Transactions<\/span>\r\n\r\n <\/div>\r\n <\/div>\r\n\r\n \r\n\r\n\r\n- \r\n
- Info<\/a><\/li>\r\n \r\n
- More Details<\/a><\/li>\r\n <\/ul>\r\n\r\n
\r\n \r\n\r\n\r\n<\/div>\r\n \r\n\r\n\r\n\r\n\r\nFinder Reward<\/h1>\r\n Get a $175 digital Visa gift card from Finder.<\/b> Become a Finder Member and open a BMO Performance Chequing Account through Finder.<\/span>\r\n <\/div>\r\n <\/div>\r\n \r\n T&Cs apply.<\/a>\r\n \r\n <\/div>\r\n <\/div>\r\n \r\n
<\/div>\r\n The BMO Performance Chequing Account offers unlimited free transactions and e-Transfers, and a generous welcome bonus.\n<\/h4>\nGet up to $800 in cash bonuses. You can also get a Walmart Delivery Pass Subscription for up to 12 months with qualifying actions. Valid until June 1, 2026.<\/b> Plus, earn a 4.50% promo interest rate when you open a Performance Chequing Account with a Savings Amplifier Account.\n
<\/h4>\nPlus, get more when you sign up through Finder. Exclusive offer:<\/b> Become a Finder member and receive a $175 digital Visa card<\/b> from Finder when you open a BMO Performance Chequing Account through Finder. Offer ends June 30, 2026. T&Cs apply.\r\n <\/div>\r\n <\/div>\r\n\r\n \r\n \r\n\r\n \r\n
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\r\n Monthly Account Fee<\/span><\/th>\r\n $17.95<\/span>\r\n <\/td>\r\n <\/tr>\r\n \r\n \r\n \r\n Free Transactions<\/span><\/th>\r\n unlimited<\/span>\r\n <\/td>\r\n <\/tr>\r\n \r\n \r\n \r\n Interac e-Transfer Fee<\/span><\/th>\r\n $0<\/span>\r\n <\/td>\r\n <\/tr>\r\n \r\n \r\n \r\n In-Network ATM Fee<\/span><\/th>\r\n $0<\/span>\r\n <\/td>\r\n <\/tr>\r\n \r\n \r\n \r\n \r\n Foreign Transaction Fee<\/span><\/th>\r\n 2.5%<\/span>\r\n <\/td>\r\n <\/tr>\r\n \r\n \r\n \r\n CDIC Deposit Insurance<\/span><\/th>\r\n $100,000<\/span>\r\n <\/td>\r\n <\/tr>\r\n \r\n \r\n Bonus Offer<\/span><\/th>\r\n Earn up to $800<\/b>\r\n <\/span>\r\n <\/span><\/td>\r\n <\/tr>\r\n <\/tbody>\r\n<\/table> \r\n \r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n<\/article>\r\n\r\n\r\n - More Details<\/a><\/li>\r\n <\/ul>\r\n\r\n
- Info<\/a><\/li>\r\n \r\n
- Scotiabank Passport Visa Infinite<\/a><\/li>
- Scotiabank Gold American Express<\/a><\/li>