Additional promotion
Monthly fee waived for Seniors, Indigenous Peoples, RDSP Beneficiaries, and recipients of the Disability Tax Credit or social assistance.
Chequing Account
CAD
CDIC Insured
Scotiabank
Basic Bank Account
A basic bank account that covers your minimal financial needs with 18 free transactions. Voted 2020 Best basic account from a big bank by MoneySense.
Interest rate
Not listed
Monthly fee
$3.95/mo
Transactions
18/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$3.95/mo
Fee-waiver balanceNot listed
Minimum deposit$0
Maximum depositNot listed
Included transactions18/month
Bundled productNot specified
Detailed fee schedule
| Fee | Amount | Frequency or allowance | Additional use |
|---|---|---|---|
| Monthly Maintenance FeeWaived for Seniors 60+, Indigenous Peoples, RDSP Beneficiaries, and recipients of the Disability Tax Credit or social assistance. | $3.95 | Unlimited | - |
| Interac e-Transfer FeeFree Interac e-Transfer transactions. | - | Per Use | - |
| Per-Transaction Fee18 free transactions per month. | - | Per Use | - |
ACCOUNT EXPERIENCE
Features and benefits
Free Interac e-Transfers
Mobile Cheque Deposit
Online and Mobile Banking
Online and Mobile Banking
Overdraft Protection Available
CDIC Insured
Apple Pay Support
Google Pay Support
WHO CAN APPLY
Eligibility and access
Minimum ageNot specified
AvailabilityAvailable nationally
Mobile appYes
Online bankingYes
Branch accessNot specified
CDIC Insured: This product is identified as eligible for CDIC deposit protection, subject to applicable limits and conditions.
Seniors
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.