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Scotiabank Preferred Package Chequing for Student and Youth

4.8/5

Our Rating

Best for: No fees and earning points on debit transactions

Scotiabank Preferred Package Chequing for Student and Youth

Preferred banking. Zero dollars a month. Why settle for a basic account when you can have Scotiabank's Preferred Package — completely free while you're a student or under 25? Unlimited transactions, Scene+ points on every purchase, and all the features of a full adult banking package, without the monthly fee.

Earn up to $200(1) or up to $625 in value*

Scotiabank Preferred Package Chequing for Student and Youth

Scotiabank Preferred Package Chequing for Student and Youth

4.8/5

Our Rating

Preferred banking. Zero dollars a month. Why settle for a basic account when you can have Scotiabank's Preferred Package — completely free while you're a student or under 25? Unlimited transactions, Scene+ points on every purchase, and all the features of a full adult banking package, without the monthly fee.

Earn up to $200(1) or up to $625 in value*

Account Details

Offer Headline


Earn up to $200(1) or up to $625 in value*

Monthly Fee


$0

Our Rating


4.8/5

Account Type


Chequing

Account Category


Student

Institution


Scotiabank

Offer Details


Earn up to $200 welcome bonus when you open a new Preferred Package for Students and Youth ¹


To qualify for the $200 bonus offer:

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


Student Bundle Offer: Earn up to $625 in value* with the Scene+TM Student Banking Bundle


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


Offer Expiry: November 1, 2026


Fees


Account Fees

Monthly Fee

$0

eStatement

Included

Transactions

Transactions

Unlimited free

Interac e-Transfers

Unlimited free

ATM Fees

Own Network

$0

Canadian ATMs

$2

USA

$3

International

$5

International & Currency

Foreign Currency Conversion

2.5%

Other Fees

NSF (Non-sufficient Funds)

$10

Overdraft Interest

21% annually (if used)

Bank Draft

$9.5

Highlights


  • You are eligible for the Preferred Package for Students and Youth (chequing account) if you are under 25 years of age or are enrolled full-time in a university, community college, or another recognized post-secondary institution in Canada or the United States. You will be required to confirm your student status by providing proof of enrollment.
  • No monthly account fee*, unlimited debit and Interac e-transfer transactions
  • Earn points on everyday purchases with the Scene+™ program
  • Free trades for students and youth with Scotia iTRADE
  • Rates, fees and other information are effective as of July 2, 2026. Subject to change.

*Value of up to $625 in welcome bonuses and point value with the Scene+™ Student Banking Bundle includes $200 cash, up to $100 cash back, and up to 32,500 in Scene+ points (valued at up to $325) as follows:

 

  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.


1To qualify for the $200 bonus (the “Offer”), you must: 

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

 

*No monthly account fee if you are under 25 years old or you must be a domestic or international student currently enrolled in a full time post-secondary program in Canada or the U.S.

Conditions apply. See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.