Pay $0 monthly by maintaining a $3,000 minimum daily closing balance. Get 25 included debit transactions, free Interac e-Transfer service and $1.99 international money transfers. Eligible seniors pay $7.95 monthly when the fee is not waived. Terms and conditions apply.
Pay $0 monthly with a $3,000 daily balance—plus 25 transactions and free e-Transfers
Chequing Account
CAD
CDIC Eligible
Scotiabank®
Basic Plus Bank Account
A practical everyday chequing account with 25 included monthly debit transactions, free Interac e-Transfer service, $1.99 international money transfers and an optional monthly-fee waiver.
Interest rate
Not listed
Monthly fee
$11.95/mo
Transactions
25/month
Minimum deposit
$0
Ratebuddy Cash Rebate
Get $60 Ratebuddy Cash Rebate
EDITORIAL REVIEW
RateBuddy verdict
The Scotiabank Basic Plus Bank Account is a practical middle-ground option for customers who want traditional branch banking without paying for an unlimited package. Its $11.95 monthly fee can be fully waived by maintaining a $3,000 minimum daily closing balance, while 25 included debit transactions and free Interac e-Transfer service should accommodate moderate everyday use. The $1.99 international money transfer fee, discounted senior pricing and Shell fuel savings add useful value. However, customers who regularly exceed the monthly transaction allowance or cannot consistently maintain $3,000 may find a no-fee digital account or an unlimited banking package more economical.
Strong points
- The $11.95 monthly account fee can be fully waived by maintaining a $3,000 minimum daily closing balance throughout the month.
- Includes up to 25 debit transactions per month and free Interac e-Transfer service.
- Scotia International Money Transfers are available for $1.99 per transfer, subject to applicable exchange rates and conditions.
- Eligible seniors receive discounted pricing of $7.95 per month, while linked debit-card purchases can provide fuel savings at participating Shell stations.
Worth knowing
- The account is not unlimited, so customers with more than 25 monthly debit transactions may incur additional charges.
- The full $11.95 monthly fee applies if the balance falls below $3,000 on even one day during the month.
- Keeping $3,000 in a chequing account to avoid the fee may provide less value than placing those funds in an interest-earning account.
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$11.95/mo
Fee-waiver balance$3,000
Minimum deposit$0
Maximum depositNot listed
Included transactions25/month
Bundled productNo
Detailed fee schedule
| Fee | Amount | Frequency or allowance | Additional use |
|---|---|---|---|
| Monthly Maintenance FeeMonthly fee waived when at least $3,000 is held in the account every day for the entire month. Eligible seniors pay $7.95 monthly after a $4 senior discount. | $11.95 | Unlimited | - |
| Overdraft Protection FeeOptional monthly Overdraft Protection Plan. Subject to application and approval. Interest applies to overdrawn balances. | $5.00 | Unlimited | - |
| International Money Transfer FeeSend eligible Scotia International Money Transfers for a $1.99 service fee. Foreign-exchange rates, spreads, daily limits and additional conditions apply. | - | Per Use | $1.99 |
| Debits Exceeding Monthly LimitsThe first 25 debit transactions each month are included. Each additional debit transaction costs $1.25. | - | Per Use | $1.25 |
| Interac e-Transfer FeeThe Interac e-Transfer service fee is waived. An additional $1.25 debit-transaction charge may apply after the 25 included monthly debit transactions are used. | - | Per Use | - |
| Out-of-Network ATM FeeScotiabank and third-party fees may apply when using non-Scotiabank ABMs in Canada or internationally. | - | Per Use | - |
| Overdraft Usage FeePay-per-use overdraft protection option. Not available in Quebec. Subject to approval; interest applies to overdrawn balances. | - | Per Use | $5.00 |
ACCOUNT EXPERIENCE
Features and benefits
Eligible for CDIC Protection
Indicates that eligible funds or deposits may qualify for CDIC protection through a CDIC member institution, subject to CDIC limits and conditions.
Free everyday transactions
Free Interac e-Transfers
Mobile Cheque Deposit
Online and Mobile Banking
Online and Mobile Banking
Overdraft Protection Available
CDIC Insured
International Money Transfers
International Money Transfers
Monthly Fee Waiver Available
The monthly account fee may be waived when the account’s stated balance or other eligibility requirements are met.
Fuel Rewards and Savings
Receive discounts, rewards or other value on eligible fuel purchases at participating locations.
WHO CAN APPLY
Eligibility and access
Minimum ageNot specified
AvailabilityAvailable nationally
Mobile appYes
Online bankingYes
Branch accessYes
CDIC Eligible: Indicates that eligible funds or deposits may qualify for CDIC protection through a CDIC member institution, subject to CDIC limits and conditions.
Seniors
Newcomers
REPUTATION
Ratings and reviews
Ratings may be collected from different sources and at different times. Review the provider’s current terms and independent feedback before applying.
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.
Product information last reviewed or updated Oct 13, 2026.