Terms and conditions

What happens when you’re no longer a student? When your student status expires based on Scotiabank’s records or you have failed to provide proof of enrollment confirming your full-time student status, the Student and Youth benefits will be removed and the account will be converted to the Preferred Package as of December 1st following the date of your student status expiry.

Open a new Preferred Package for Students and Youth (an “Eligible Account”) between July 2 and November 1, 2026; and 

Complete any two of the following activities in your Eligible Account within 60 days of Eligible Account opening: 

o   Set up and make at least 1 eligibleopens in a new tab^♢♢  automated and recurring direct deposit, which will recur monthly for a minimum of three (3) consecutive months, or

o   Set up and make at least one (1) eligibleopens in a new tab^♢♢  recurring pre-authorized transaction, which will recur monthly for a minimum of  three (3) consecutive months, or 

o   Complete at least five online (5) Visa* Debit purchases using your ScotiaCard® anywhere Visa* Debit is accepted. Only the following Visa Debit transaction types are eligible: online debit purchases, and in-store purchases made outside of Canada 

^♢♢ Click hereopens in a new tab for a list of eligible direct deposits and pre-authorized transactions. While a transaction may be included in these lists, certain exclusions may still apply and Scotiabank reserves the right to modify these lists and to determine whether a specific direct deposit or pre-authorized transaction is eligible for the Offer. Fund transfers initiated to other Scotiabank accounts (one time or recurring, e.g. credit card or savings account), to chequing or savings accounts held at other financial institutions, or to payment processing firms, are not eligible for the Offer.  
 
Eligibility Exclusions: Individuals who are currently holders of a Scotiabank Chequing Account are not eligible for the Offer. Individuals who were previously holders of a Scotiabank Chequing Account within the last two (2) years are not eligible for the Offer. “Scotiabank Chequing Account” means any of the following accounts: Ultimate Package, Preferred Package, Preferred Package for Students and Youth, Scotia One Account, Basic Plus Bank Account, Basic Banking Plan, Basic Bank Account, Momentum Chequing, Power Chequing, Scotia One Service, Scotia Value, Student Banking Advantage Plan. Employees of Scotiabank are also not eligible for the Offer.  
 
General Terms: The $200 cash bonus will be deposited to the Eligible Account within six (6) months from account open date provided all Offer conditions outlined above have been met. The Eligible Account must be open and in good standing until the time of payout of each bonus. The Eligible Account is not in "good standing" if: (i) it has a negative balance exceeding the authorized overdraft limit, or (ii) it has been in continuous overdraft for a period of three consecutive months. For joint accounts, only the primary account holder will receive the bonuses. The Offer is non-transferable and may not be duplicated. Limit of one (1) Offer per customer, regardless of the number of Eligible Accounts opened. If more than one (1) Eligible Account is opened, only the first Eligible Account opened will be eligible for the Offer. All rates, fees, features and benefits are subject to change. The Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers. 

1. $200 cash offer for new Preferred Package for Students and Youth customers
2. Earn 5% cash back on up to $2,000 in everyday purchases for the first 3 months (up to $100 value) on a Scotia Momentum® No-Fee Visa Card * (other Bundle eligible cards have different welcome offers) 
3. 2,500 Scene+ points ($25 value) for new customers who combine the Preferred Package for Students and Youth Account with a new Money Master Savings Account
4. 30,000 Scene+ points ($300 value) when you bundle all 3 of the above accounts and complete certain qualifying transactions as part of the Scene+ Student Banking Bundle Bonus Offer

Conditions apply. Please see Scotiabank® Scene+TM Student Banking Bundle Offer.

The first-year annual fee(s) charged on your Eligible Card Account after the Effective Date is not eligible for an Annual Fee Rebate. The Annual Fee Rebate applies, even if you opened an Eligible Card Account prior to the Account Open Date.

Each Account will only receive one Annual Fee Rebate regardless of the number of accountholders on the Account or Eligible Cards held or opened on the Eligible Card Account. If you are the primary cardholder of multiple Eligible Cards, the Annual Fee Rebate will be applied to the annual fee that is charged first on an Eligible Card after the Account Open Date if you meet the Annual Anniversary Spend Amount.

If your Eligible Card Account has an annual fee(s) that is greater than the amount of the Annual Fee Rebate, you are responsible for any difference in annual fee(s) after the Annual Fee Rebate is applied. All other fees and charges applicable to the Eligible Card Account continue to apply.

The Annual Fee Rebate is subject to change and cannot be combined with any other offer including an annual fee rebate or waiver offer. Annual fees, rates and other features for Eligible Cards are subject to change. We may limit or revoke the Annual Fee Rebate(s) without notice if we believe there is suspicious or fraudulent activity, if the offer is being abused, or if you receive an Annual Fee Rebate in error.

“Account Open Date” means the date that the Account is opened.

“Anniversary Date” means the date that is one year after the annual fee is first charged to your Eligible Card Account and every 12 months thereafter.

“Eligible Card Accounts” are currently the Scotiabank Gold American Express®, Scotiabank Passport® Visa Infinite* and Scotia Momentum® Visa Infinite*credit cards. Eligible Card Accounts are subject to change.

A “Qualifying Purchase” is a Purchase (as defined in your credit agreement for your Eligible Card Account) that is posted to your Eligible Card Account, less any refunds, returns or other similar credits on your Eligible Card Account. Qualifying Purchases exclude cash advances (including balance transfers and cash-like transactions), interest charges, fees and payments posted to your Eligible Card Account.  

Note: it can take up to 10 business days from the date of opening a new Preferred Package for Students and Youth account or Scotia iTRADE® account for the Waiver to apply.  The Waiver will be applied at the time of trade. 
 
Eligibility & Exclusions:

• Eligible commissionable trades include stocks, ETFs and options (base commission only) placed across all Preferred Package for Students and  Youth primary account holder’s Scotia iTRADE® accounts after the later of May 26, 2025 and the time when a client opens a Scotia iTRADE® account. 

• Corporate and non-personal Scotia iTRADE® accounts are not eligible. 

• Only the primary account holder of a Preferred Package for Students and Youth account and of a Scotia iTRADE® account will be entitled to receive the Waiver in their Scotia iTRADE® account(s). 

• Both the Preferred Package for Students and Youth account and Scotia iTRADE® accounts must be open and in good standing on the last day of every month for the Waiver to apply.

• The Scotia iTRADE® account must not be in a disallowed debit position and must not have any outstanding margin calls due. 

• Preferred Package Students and Youth account holders will not qualify for iClub membership based solely on their trading activity.

• No cash redemption value. 

• This offer can be combined with other Scotia iTRADE® programs and campaigns unless otherwise specified.

• Must be at least the age of majority in province of residence to open a Scotia iTRADE® account.

Scotia iTRADE® (Order-Execution Only) is a division of Scotia Capital Inc. (“SCI”). SCI is regulated by the Canadian Investment Regulatory Organization and is a member of the Canadian Investor Protection Fund. Scotia iTRADE® does not provide investment advice or recommendations and investors are responsible for their own investment decisions.   

Scene+ ScotiaCard® debit card: Earn 1 Scene+ Point for every $5 on debit purchases (up to a maximum of 300 points per transaction and 600 points per day) made from an eligible Scotiabank chequing or savings account using your Scene+ ScotiaCard debit card linked to a Scene+ membership, including Interac Debit contactless and Visa Debit transactions.  Normal Interac Debit contactless transaction limits apply. Scene+ Points accumulated using your Scene+ ScotiaCard debit card will be updated within 2-3 days to the associated Scene+ account.  Scene+ points are calculated on debit card purchases, less any refunds, returns, or other similar credits.  Other conditions apply. Scene+ points can be redeemed for travel, entertainment, shopping, dining, banking or online at www.sceneplus.caopens in a new tab. Visit www.scotiabank.com/sceneplusrewards for complete details.    

• Instant 3 cents per Litre Discount on Fuel Purchases (All Grades): Receive an instant 3 cents per litre discount on purchases of fuel (all grades) (“Fuel Purchases (All Grades)”) at participating Shell locations in Canada when you use any eligible Scotiabank debit card or credit card linked to a Shell Go+ Account, up to a maximum of 1,000 litres per month per Scotiabank debit card and per Scotiabank credit card account. This total limit resets at the start of each new month per payment card account. This discount is subject to the Scotiabank Fuel Benefit Terms and Conditions or Tangerine Fuel Benefit Terms and Conditions (as applicable).

• Earn up to 2 cents per Litre in Scene+ points Value (Equivalent) on Fuel Purchases: As a Scene+ Member you will  automatically earn 1 Scene+ point for each litre in Fuel Purchases (All Grades), and as a Shell Go+ member, automatically earn 1 additional Scene+ point for each litre in Premium Fuel Purchases, made with your linked Scotiabank debit card that earns Scene+ points. This means that for every litre in fuel purchased with your eligible linked debit card, you can earn the equivalent of up to 2 cents of redeemable Scene+ points value based on a redemption value of $10 for every 1,000 Scene+ points redeemed for fuel purchases at participating Shell Locations.  Actual value may be lower depending on how you choose to redeem your Scene+ points. Earn and redemption limits may apply. See the Scene+ Program Terms and Conditions available at sceneplus.ca/terms-and-conditions for full details including redemption options and additional terms.
   

Note: Highest value of 5 cents per litre assumes a Premium Fuel Purchase made with a Scotiabank debit card that earns Scene+ points linked to a Shell Go+ Account. Actual value will vary depending on type of debit card used (i.e., Scene+ vs. non-Scene+ version) and whether or not the card is linked, fuel grade purchased, and how you choose to redeem your Scene+ points. Note: Value of 10 cents per litre assumes a Premium Fuel Purchase made with a Scotiabank credit card that earns Scene+ points linked to a Shell Go+ Account. Actual value may be lower depending on payment card used and whether or not the card is linked, fuel grade purchased, and how you choose to redeem your Scene+ points.