Chequing account
Scotiabank
Scotiabank Basic Bank Account
3.2/5 our rating
A $50 rebate from FinlyWealth
Claim it with the button below: you'll sign in so we can track it.
Rebate page first, then Scotiabank's website
- Monthly fee
- $3.95
- Transactions
- 18 free
- a month, then $1.25 each
- e-Transfers
- Unlimited
- free
Overview
Scotiabank's cheapest account: a flat, low monthly fee for 18 transactions and unlimited Interac e-Transfers. Qualifying seniors, RDSP beneficiaries and people receiving social assistance pay nothing. Fine if you only use chequing for a few bills. Heavier users will spend more on transaction fees than they save.
Fees
Account fees
Monthly fee
$3.95
eStatement
Included
Transactions
Included transactions / month
18 free
Fee after limit
$1.25 each
Interac e-Transfers
Unlimited free
ATM fees
Own network
$0
Canadian ATMs
$1.5
USA
$3
International
$5
International and currency
Foreign currency conversion
2.5%
Other fees
NSF (non-sufficient funds)
$45
Overdraft interest
21% annually (if used)
Bank draft
$9.5