Ratebuddy Cash Rebate
Get $75 Ratebuddy Cash Rebate
Offer ends Oct 31, 2026
EDITORIAL REVIEW
RateBuddy verdict
The Scotiabank Preferred Package is a well-rounded everyday chequing account for customers who want unlimited debit transactions, unlimited Interac e-Transfers, Scene+ rewards and useful benefits across Scotiabank products. Its strongest long-term value is for customers who can maintain the required daily balance to waive the monthly fee and use its credit-card, investing, U.S.-dollar and international-transfer benefits.
Strong points
- Unlimited debit transactions and unlimited Interac e-Transfer transactions support convenient everyday banking.
- The $16.95 monthly account fee can be waived by maintaining at least $4,000 in the account every day of the month.
- Earn Scene+ points on eligible debit purchases and access additional benefits when the debit card is linked to Shell Go+.
- Offers useful relationship benefits across eligible Scotiabank credit-card, investing and U.S.-dollar banking products.
- Provides strong cash-bonus potential when all applicable chequing, savings and credit-card bundle requirements are completed.
Worth knowing
- The $16.95 monthly fee applies when the account-fee waiver requirements are not satisfied.
- Earning the full promotional value requires opening eligible bundled products, completing several qualifying activities and satisfying all offer deadlines.
- The ongoing $40 eligible credit-card annual-fee rebate has qualifying-spend requirements and does not apply to the first-year annual fee.
CURRENT OFFERS
Promotions and account value
Welcome offer $1,000 value
Build your Scotia banking bundle and earn up to $1,000 in cash bonuses: $700 with a new Preferred Package after completing the required banking activities, an additional $200 when you add an eligible Money Master Savings Account and meet the savings requirements, plus $100 when you open an eligible Scotiabank credit card and make a qualifying purchase. Open your Preferred Package between July 3 and October 29, 2026. Eligibility requirements, timelines and conditions apply.
EARNINGS
Rates and interest details
COSTS
Fees and account limits
Monthly fee$16.95/mo
Fee-waiver balance$4,000
Minimum deposit$0
Maximum depositNot listed
Included transactionsUnlimited
Bundled productNo
Detailed fee schedule
| Fee | Amount | Frequency or allowance | Additional use |
|---|
| Interac e-Transfer FeeUnlimited Interac e-Transfer transactions included. |
- |
Unlimited |
- |
| Monthly Maintenance FeeWaived when a minimum daily closing balance of $4,000 is maintained throughout the entire month. Seniors 60+ pay $12.95/month. |
$16.95 |
Unlimited |
- |
| Overdraft Protection FeeOverdraft Protection — Monthly Plan. Optional and subject to approval. Overdraft interest also applies. |
$5.00 |
Unlimited |
- |
| Paper Statement FeeApplies when paper statements are selected. |
$2.25 |
Unlimited |
- |
| Per-Transaction FeeUnlimited debit transactions included. |
- |
Unlimited |
- |
| International Money Transfer FeeScotia International Money Transfer; exchange rates, limits and conditions apply. |
- |
Per Use |
$1.99 |
| Out-of-Network ATM FeeOne withdrawal per month included; ABM operator convenience fees may still apply. |
- |
Per Use |
$2.00 |
| Overdraft Usage FeeOptional, subject to approval and unavailable in Quebec. |
- |
Per Use |
$5.00 |
| PLUS System Out-of-Network ATM FeeAdditional ABM operator fees may apply. |
- |
Per Use |
$3.00 |
ACCOUNT EXPERIENCE
Features and benefits
Free Interac e-Transfers
ATM access across Canada
Eligible for CDIC deposit protection
Unlimited Transactions
Welcome Bonus Offer
Access to No-Fee ATM Network
Mobile Cheque Deposit
Online and Mobile Banking
Online and Mobile Banking
Overdraft Protection Available
CDIC Insured
Apple Pay Support
Google Pay Support
Joint Account Option
No minimum deposit requirements
International Money Transfers
International Money Transfers
Telephone Banking
eStatement and eNotifications
Monthly Fee Waiver Available
The monthly account fee may be waived when the account’s stated balance or other eligibility requirements are met.
Debit Purchase Rewards
Earn points, cash back or other rewards on eligible purchases made with the account’s debit card.
Credit Card Annual Fee Rebate
Receive a rebate toward the annual fee of an eligible linked credit card when applicable requirements are met.
Commission-Free Investment Trades
Receive a specified number of eligible commission-free trades or commission rebates through an affiliated investing platform.
Fuel Rewards and Savings
Receive discounts, rewards or other value on eligible fuel purchases at participating locations.
Free Credit Score
Access a credit score at no additional cost through the financial institution’s available service.
WHO CAN APPLY
Eligibility and access
Minimum ageNot specified
AvailabilityAvailable nationally
Mobile appYes
Online bankingYes
Branch accessYes
CDIC Insured: This product is identified as eligible for CDIC deposit protection, subject to applicable limits and conditions.
Students
Youth
Seniors
Newcomers
REPUTATION
Ratings and reviews
RateBuddy4.5/5100 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 Sep 10, 2026.
