Ratebuddy Cash Rebate
Get $100 Ratebuddy Cash Rebate
Offer ends Oct 31, 2026
EDITORIAL REVIEW
RateBuddy verdict
The Scotiabank Ultimate Package is a premium chequing account for customers who value unlimited everyday banking and broader relationship benefits. Its strongest value comes from global ABM access, eligible credit-card annual-fee rebates, Scotia iTRADE benefits, international-transfer savings, Scene+ rewards and premium banking conveniences. It is best suited to customers who can meet an applicable balance requirement to waive the monthly fee and will actively use the included benefits.
Strong points
- Unlimited debit transactions and unlimited Interac e-Transfer transactions provide convenient everyday banking.
- The $30.95 monthly fee can be waived by maintaining at least $6,000 in the account or a $100,000 Total Relationship Balance across eligible accounts every day of the month.
- Receive an ongoing annual-fee rebate of up to $150 on one eligible Scotiabank credit card, subject to applicable conditions.
- Scotiabank withdrawal fees are waived at ABMs worldwide, and Scotia International Money Transfers have no transfer fee. Third-party and foreign-exchange charges may still apply.
- Premium benefits include eligible Scotia iTRADE trading benefits, Scene+ points, personalized cheques, bank drafts, a small safety-deposit-box fee waiver and no overdraft-protection fee.
- Eligible new customers can earn up to $1,000 in cash bonuses by completing the applicable chequing, savings and credit-card bundle requirements. Conditions and offer deadlines apply.
Worth knowing
- The $30.95 monthly account fee is relatively high when the applicable balance or mortgage-payment waiver requirements are not satisfied.
- The $100,000 Total Relationship Balance includes only eligible Scotiabank accounts and excludes Scotia iTRADE and certain other investment accounts.
- Receiving the complete $1,000 promotional value requires multiple eligible products, several qualifying activities and keeping the applicable accounts open and in good standing until payout.
- Independent ABM operators, intermediary institutions and foreign-exchange conversions may introduce charges that are not covered by the package.
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 Ultimate 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 Ultimate 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$30.95/mo
Fee-waiver balance$6,000
Minimum deposit$0
Maximum depositNot listed
Included transactionsUnlimited
Bundled productNo
Detailed fee schedule
| Fee | Amount | Frequency or allowance | Additional use |
|---|
| International Money Transfer FeeNo Scotiabank transfer fee on eligible Scotia International Money Transfers. Foreign-exchange, intermediary, recipient and other charges may apply. |
- |
Unlimited |
- |
| Interac e-Transfer FeeUnlimited Interac e-Transfer transactions are included. |
- |
Unlimited |
- |
| Interac Out-of-Network ATM FeeScotiabank’s withdrawal fee is waived at ABMs worldwide. Independent ABM operators may still charge convenience or access fees. |
- |
Unlimited |
- |
| Monthly Maintenance FeeWaived by maintaining at least $6,000 in the Ultimate Package, or a $100,000 Total Relationship Balance across eligible accounts, every day of the month. Eligible mortgage customers may also qualify for up to one year without monthly fees. Senior pricing is $24/month. |
$30.95 |
Unlimited |
- |
| Overdraft Protection FeeNo overdraft-protection plan fee. Overdraft interest, approval requirements and other applicable charges may still apply. |
- |
Unlimited |
- |
| Per-Transaction FeeUnlimited eligible debit transactions are included. |
- |
Unlimited |
- |
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.
Seniors
REPUTATION
Ratings and reviews
RateBuddy4.7/5100 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.
