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Monthly Recordkeeping Options and Fees
(refer to "Additional Recordkeeping Services and Fees" for other related services.)
Personal Deposit Accounts Monthly Account Fee Paperless Paper Statement Paper Statement with Cheque Image Return Basic Banking Account $3.95/month No Charge No Charge No Charge Basic Plus Bank Account $11.95/month –No monthly account fee by maintaining a minimum daily closing balance of $3,000 for the entire month No Charge $2.25/month $2.50/month Preferred Package $16.95/month –No monthly account fee by maintaining a minimum daily closing balance of $4,000 for the entire month No Charge $2.25/month $2.50/month Ultimate Package $30.95/month –No monthly account fee by maintaining a minimum daily closing balance of $6,000 in your Ultimate Package, or a combined balance of $30,000 across your Ultimate Package and your MomentumPLUSSavings Account No Charge $2.25/month $2.50/month Getting There Savings Program No Charge No Charge No Charge No Charge Student Banking Advantage Plan No Charge No Charge No Charge No Charge MomentumPLUS Savings Account No Charge No Charge Not available Not available Savings Accelerator Account No Charge No Charge Not Available Not Available Money Master Savings Account No Charge No Charge $2.25/month Not Available Scotia U.S. Dollar Daily Interest Savings Account U.S. $1.00/month – Waived with a $200 minimum daily closing balance No Charge No Charge U.S. $2.50/month Scotia Euro Savings Account €1.00/month – Waived with a €200 minimum daily closing balance Not Available Not Available (no charge for Passbook) Not Available -
Transfer Fees
Send money internationally as a direct deposit to your family or friends using your mobile app or online banking $1.99♢/transfer on select accounts Each automatic pre-arranged transfer of funds between your Scotiabank personal Canadian Dollar deposit account (debit transaction fee applies) Free Each manually processed pre-arranged transfer of funds between your Scotiabank personal deposit accounts (debit transaction fee applies where applicable) $1.50 Each transfer by branch staff between your Scotiabank personal deposit account due to telephone/fax/mail request, or to cover cheques (debit transaction fee applies) $4.50
(optional Advice $5.00)Transferring a Scotiabank account balance to another financial institution $20.00 Incoming Wire Transfer fees Incoming Wire Transfer identified as a Pension Payment in the payment message $1.50 per transfer* All other Incoming Wire Transfers $15.00 CAD/USD per transfer* *All fees are charged in the currency of the account
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Fees for ABM Services
Cash Advance Fee
(VISA cash advance at Scotiabank ABM)$5.001 InteracFee
(Withdrawal from chequing or savings account at another bank's ABM in Canada)
Fee waived on one non-Scotiabank ABM withdrawal per month in Canadawith the Preferred Package10
Unlimited free Global non-Scotiabank ABM withdrawalswith the Ultimate Package11$2.001 InteracFee
(VISA cash advance at another bank's ABM in Canada)$3.501 VISA or PLUS System
(Withdrawal from chequing or savings account at another bank's ABM within the U.S.)
Unlimited free Global non-Scotiabank ABM withdrawalswith the Ultimate Package11$3.001 VISA or PLUS System
(Withdrawal from chequing or savings account at another bank’s ABM outside of Canada and the U.S.)
Unlimited free Global non-Scotiabank ABM withdrawalswith the Ultimate Package11$5.001 VISA or PLUS System
(VISA cash advance at another bank's ABM international)$7.501 Scotiabank ABM Surcharge for non-customers
Applies to ABM withdrawals and cash advances
Eligible Global ATM Alliance cards and Tangerine cards are exempt$3.00 Scotiabank's membership in theGlobal ATM Alliancemeans you pay no surcharges or access fees when you withdraw cash at select bank ATMs around the world.
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General Fees
CAD or USD draft for Scotiabank customers $9.50 (Free with the Ultimate Package6) Exchanging rolled coin for non-Scotiabank customers $2.00 per $100.00
($2.00 minimum fee)Processing postdated deposit $5.00 per deposit Processing mailed-in deposit $2.00 per deposit See AlsoEQ Bank Mastercard Review: Earn Cash Back and No ATM FeesSupercharge Your Savings: Earn a Leading 5.26% APY With This Top High Yield Savings AccountBanks may soon offer Americans more loan options—here's what experts say you need to know before borrowingMoney Exchange in Mexico; Get the Best Rate - Hola Teddy -
Other Optional Services/Features & Fees
Bank The Rest Program FREE Scene+TM Loyalty Rewards Program FREE Access fee forScotia OnLineFinancial Services,Scotiabank®Mobile Banking Services, TeleScotia,InteracOnline, Scotiabank ABMs
(Self-Service banking access not available for the Scotia Euro Savings Account, Mobile Banking Services not available for U.S. $ Daily Interest Account or the Scotia Euro Savings Account)FREE Each assisted telephone transaction FREE ScotiaInfoAlerts FREE EachInterace-Transfer† $1.00 Each Cross Border Transfer $1.00 Monthly Overdraft Protection Plan*
Flat fee per month, regardless of the number of overdraft transactions.
Overdraft Protection fee for each month the account is overdrawn.$5.00/month
Service & Fee Effective Date:May 15, 2021Pay-per-Use Overdraft Protection Plan*
(Not available in Quebec)
Fee applies every time an overdraft is created or increased.$5.00/use
Service & Fee Effective Date:May 15, 2021* Effective May 21, 2021, existing customers outside of Quebec will be migrated to the new Pay-per-Use Plan, which will be effective on the statement date of their first monthly statement issued after May 21, 2021. If you reside in Quebec, these changes do not apply to you.
No monthly Overdraft Protection fee with the Ultimate Package.9
Overdraft Protection Fee is waived if your Overdraft Protection is approved under a Scotia Total Equity® Plan. -
Cheque and Payment Processing Service Fees
Certified cheques At your request: $15.00 At your holder's request: who is a Scotiabank customer $15.00 who is not a Scotiabank customer $25.00 Stop payment of cheque or pre-authorized debit If details are complete: $12.50 If details are incomplete: $20.00 Cheque processed in foreign currency on a Canadian Dollar account where the Canadian equivalent of the cheque amount is Under $1,000: $10.00 $1,000 and over: $15.00 Cheque processed on your account where your account and bank identification numbers are not fully MICR-encoded $5.00 Cheque or other debit item returned for insufficient funds (NSF) $48.00 Each cheque or pre-authorized debit deposited and subsequently returned (for third part items deposited to your account) No Charge Each non-government cheque cashed by a non-Scotiabank customer $5.00 Teller-assisted bill payment Processed through a Scotiabank account: No Charge
(debit transaction fees apply)Paid in cash: $3.00 Paid by cheque drawn from another financial institution: $3.00 -
Personalized Cheques
Available Free of Charge, once every 12 months from date of last order.
Account Cheque Style Singles Scotia Value3 Scotia Basics 50 per order Ultimate Package7 Scotia Basics 100 per order Prices for personalized cheques on all other accounts that offer chequing services vary depending upon the cheque style and quantity. Details are available at your branch. Please note that cheques are subject to applicable taxes.
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Search Fees
If you need help updating your personal banking records, we provide the following services: Balance inquiry No Charge Each letter or form prepared at the customer's request (minimum $15 charge) $30.00per hour If you ask us to retrieve an image of a cheque cleared through your account, the cheque image retrieval fees are as follows: For each cheque image (front and back) retrieval within 90 days from the date the cheque was posted to your account: $3.00 If you ask us to retrieve an image of a cheque cleared through your account, the cheque image retrieval fees are as follows: For each cheque image (front and back) retrieval request after 90 days from the date of the cheque was posted to your account: $5.00 If you ask us to search our records for any transaction or item not listed above or if we are required to respond to a legal search warrant by a third party about your transactions, the fees are as follows: If the request is no more than 90 days from the date of the transaction
$10.00per item If the request is after 90 days from the date of the transaction (minimum $15 charge)
$30.00
per hour per employee -
Account Closing Fees
Account closed within 90 days of opening $20.00 -
Additional Recordkeeping Services and Fees
Each copy of account statement $5.00 Each in-branch record of activity in your account since the last statement $1.00 Each Paper Statement mailed to Branch for pick-up $5.00 Scotia OnLine Cheque Image Viewing - View electronic images of cheques cleared through your account within the last 90 days $1.50 or Free with Paperless Recordkeeping5 ABM Mini Statement No charge Each advice of transaction sent by mail or fax $5.00 -
Inactive Accounts Fees
After two years notice of inactivity4 $20.00 After three years notice of inactivity $20.00 After four years notice of inactivity $20.00 After five years notice of inactivity $30.00 After six years notice of inactivity $30.00 After seven years notice of inactivity $30.00 After eight years notice of inactivity $30.00 Nine year notice of transfer to Bank of Canada.
The nine year notice of transfer to the Bank of Canada does not apply to U.S. dollar and Euro accounts.$40.00 -
Safety Deposit Box Fees
Box Box Size Annual Fee** A 1.5"x5"x24" $60.008 B 2.5"x5"x24" $100.008 B 3.5"x5"x24" $100.008 C 2.5"x10.375"x24" $150.008 C 5"x5"x24" $150.008 D 5"x10.375"x24" $300.008 E 10"x10.75"x24" $400.008 -
Downloads
Scotiabank - DAY-TO-DAY BANKING - COMPANION BOOKLET
N/A | pdf : 799 KBDownload Scotiabank - DAY-TO-DAY BANKING - COMPANION BOOKLET
Scotiabank Investment Companion Booklet
N/A | pdf : 883 KBDownload Scotiabank Investment Companion Booklet
Stop sold accounts
N/A | pdf : 165 KBDownload Stop sold accounts
