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Banking Canada - Published on:
Scotiabank Review 2023
Discover how Scotiabanks products and services can help you achieve your financial goals. Our Scotiabank review will hopefully cover everything you need to know about their wide range of products and services including: chequing accounts, saving accounts, investment options, credit cards, Scotiabank business products, and more.
In this Scotiabank review we will mention some of the key features of each scotiabank account as well as any fees that are associated so you can hopefully make a better decision that aligns with your financial goals.
Table of Contents
Scotiabank Overview
Being one of the big 5 banks, Scotiabank is one of top banks in Canada. With a wide range of financial products and services like chequing and savings accounts, investment options, lending products, and more, Scotiabank can fit any financial lifestyle.
Scotiabank Chequing Accounts
Scotiabank Student Banking Advantage Plan
Features:
- $0 monthly account fee
- Unlimited transactions and free Interac e-transfers
- Earn points on purchases if you join the Scene+ program
On Scotiabanks website
Scotiabank Getting There Savings Youth Account
Features:
- $0 monthly account fee
- Unlimited transactions and free Interac e-transfers
- Earn points on purchases if you join the Scene+ program
On Scotiabanks website
Scotiabank Basic Bank Account
Features:
- $3.95 monthly account fee
- 12 transactions/month
- Free Interac e-transfer
- Save up to $3.95/month if you are 60 or older
On Scotiabanks website
Scotiabank Basic Plus Bank Account
Features:
- $11.95 monthly account fee; waived if you maintain minimum balance of $3,000
- 25 transaction and free Interac e-transfer
- Send money globally for only $1.99
- Senior discount available
On Scotiabanks website
Scotiabank Preferred Package
Features:
- $16.95 monthly account fee; waived if you maintain minimum balance of $4,000
- Unlimited transaction and free Interac e-transfer
- Send money globally for only $1.99
- First year credit card annual fee waived (up to $150)
- No monthly account fee on the Scotia US dollar account
- Get better rates on select Scotiabank GICs
On Scotiabanks website
Scotiabank Ultimate Package
Features:
- $30.95 monthly account fee; waived if you maintain minimum balance of $5,000
- Unlimited transaction and free Interac e-transfer
- Free Scotia international money transfers
- Even better rates on select Scotiabank GICs
- Free Cheques and Drafts
- Ongoing $150 annual fee waived on credit cards
- $60 annual fee waived on Safety Deposit Box
- 10 free securities trades at Scotia iTrade
On Scotiabanks website
Scotiabank Savings Account
Scotiabank Momentum Plus Savings Account
Features:
- $0 Monthly Account Fee
- Unlimited transfers to other Scotiabank accounts
- 1.4% - 1.5% Interest
- Promotion: Earn 5.4% interest for the first 3 months
On Scotiabanks website
Scotiabank Savings Accelerator Account
Features:
- $0 Monthly Account Fee
- Unlimited transfers between Scotiabank accounts
- Apply the Saving Accelerator to any non-registered or registered account to take advantage of competitive interest rates.
On Scotiabanks website
Scotiabank Money Master Savings Account
Features:
- $0 Monthly Account Fee
- Unlimited transfers between Scotiabank accounts
- 0.01% interest rate. No minimum balance required
On Scotiabanks website
Scotia US Dollar Daily Interest Account
Features:
- $1 US monthly account fee; waived if you maintain minimum balance for $200 US
- 2 free debit transactions per month
- Up to a 0.05% interest rate.
On Scotiabanks website
Scotia Euro Daily Interest Savings Account
Features:
- 1 Euro monthly fee; waived if you maintain 200 Euro account balance
- Competitive exchange rates
- 2 free teller transactions per month
On Scotiabanks website
Scotiabank Credit Cards
- Scotiabank American Express Card for Students
- L’earn Visa Card
- Scotiabank Scene+ for students
- Scotiabank Value Visa
- Scotiabank Momentum No-Fee Visa for Students
- Scotiabank Momentum Visa
- Scotiabank Momentum Mastercard
- Scotiabank Platinum American Express Card
- Scotiabank Scene+ Visa
- Scotiabank Gold American Express Card
- Scotiabank Momentum Visa infinite
- Scotiabank Passport Visa infinite
- Scotiabank US Dollar Visa
Scotiabank Business Credit Cards
- Scotia Momentum for Business
- ScotiaLine for Business
- Scotiabank Passport Visa
Scotiabank Investment Accounts
- Tax Free Savings Account (TFSA)
- Registered Retirement Savings Plan (RRSP)
- Registered Retirement Income Fund (RRIF)
- Registered Disability Savings Plan (RDSP)
- Registered Education Savings Plan (RESP)
- First Home Savings Account (FHSA)
Other Scotiabank Products/Services
- Guaranteed Investment Certificate (GIC)
- Mutual Funds
- ETFs
- Overdraft protection
- Unsecured Line of Credit
- Home Equity Line of Credit (HELOC)
- Personal Loans
- Insurance
Other Bank Reviews
- RBC Review
- BMO Review
- CIBC Review
- Tangerine Review
- TD Bank Review
- Simplii Financial Review
- National Bank Review
- EQ Bank Review