Offer summary
Skip the monthly fee by maintaining a $35,000 minimum daily balance. Plus, get the monthly fee rebated when you sign up for Chase Merchant Services.
Business Chequing Account
CAD
CDIC Insured
Scotiabank
Scotiabank Select Account for business (Plan B)
A mid-tier business account providing 70 included transactions and up to $8,000 in cash deposits.
Interest rate
Not listed
Monthly fee
$40/mo
Transactions
70/month
Minimum deposit
$0
CURRENT OFFERS
Promotions and account value
EARNINGS
Rates and interest details
A specific interest rate is not currently listed for this product.
COSTS
Fees and account limits
Monthly fee$40/mo
Fee-waiver balance$35,000
Minimum deposit$0
Maximum depositNot listed
Included transactions70/month
Bundled productNot specified
Detailed fee schedule
| Fee | Amount | Frequency or allowance | Additional use |
|---|---|---|---|
| Debits Exceeding Monthly LimitsAdditional transactions: $1.50. Additional deposit items: $0.25. Additional cash deposits: $2.60 per $1,000. | - | One-Time Charge | - |
| Interac e-Transfer Fee20 Free Interac e-Transfers via Scotia OnLine. $1.00 per transaction thereafter. | - | One-Time Charge | - |
ACCOUNT EXPERIENCE
Features and benefits
Online and Mobile Banking
Includes ScotiaConnect Digital Banking.
Overdraft Protection Available
Overdraft Protection for business available.
CDIC Insured
Eligible for CDIC Insurance.
WHO CAN APPLY
Eligibility and access
Minimum ageNot specified
AvailabilityAvailable nationally
Mobile appNot specified
Online bankingYes
Branch accessYes
CDIC Insured: Eligible for CDIC Insurance.
COVERAGE
Registration, networks and availability
Registration options
- CORPORATECorporate / Non-Personal
IMPORTANT INFORMATION
Terms and disclosures
Rates, fees, eligibility requirements and promotional terms can change. Confirm all current details directly with Scotiabank before opening the account.