Chequing Account CAD CDIC Insured
Scotiabank

Preferred Package for Students and Youth

A no-monthly-fee bank account option for students and youth under 23, featuring unlimited transactions and Scene+ rewards.

Interest rate Not listed
Monthly fee No monthly fee
Transactions Not listed
Minimum deposit $0
CURRENT OFFERS

Promotions and account value

Offer summary

Free trades with Scotia iTRADE, first year annual fee waiver (up to $150) on select credit cards, and earn Scene+ points.

Welcome offer $175 value

Kickstart your finances with a $175 welcome bonus.

Additional promotion

Earn an additional 0.05% interest on your MomentumPLUS Savings Account. No monthly account fee on a Scotia U.S. Dollar Daily Interest Account.

EARNINGS

Rates and interest details

A specific interest rate is not currently listed for this product.

COSTS

Fees and account limits

Monthly feeNo monthly fee
Fee-waiver balanceNot listed
Minimum deposit$0
Maximum depositNot listed
Included transactionsNot listed
Bundled productNot specified

Detailed fee schedule

FeeAmountFrequency or allowanceAdditional use
Monthly Maintenance FeeNo monthly account fee if under 23 years old, or enrolled full-time in a post-secondary institution in Canada or the U.S. - Unlimited -
Interac e-Transfer FeeUnlimited free Interac e-Transfer transactions. - Per Use -
Out-of-Network ATM FeeFee waived on one non-Scotiabank ABM withdrawal per month in Canada. - Per Use -
Per-Transaction FeeUnlimited debit transactions. - Per Use -
ACCOUNT EXPERIENCE

Features and benefits

No Monthly Fees

Free Interac e-Transfers

Unlimited Transactions

Welcome Bonus Offer

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.

Students Youth Newcomers
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 Mar 12, 2026.