Canadian Imperial Bank of Commerce (CIBC) vs Bank of Nova Scotia (Scotiabank)

Get up to $850^†,‡ in value

Step 1: Open a CIBC Smart Account and set up one recurring direct deposit for a minimum of $500 within two months. The direct deposit should be from your employer, the government or a pension.

Step 2: Get $500 with your Smart Account plus as much as $350 with a CIBC Dividend Visa Infinite Card with qualifying actions^†,‡ Earn 10% cashback in an amount up to $200 on net purchases of up to $2,000‡. Earn $50 in a cashback bonus by setting up your first pre-authorized payment.

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

Qualify and earn up to $2,300 in first year value, including up to $580 with the StartRight Program².

StartRight  Program² benefits

Worth up to $580 in value¹

• No monthly account fee of $16.95 on the Preferred Package chequing account for the first year⁸. Valued at $200.
• Unlimited no-fee international money transfers¹⁰. Valued at $280.
• 10 free Scotia iTrade equity trades⁹. Valued at $100.

Chequing account welcome offer

Earn up to $700¹

• Open a new eligible Scotiabank chequing account and complete 2 qualifying chequing account transactions. Valued at $500.
• Bundle your new chequing account with a new Money Masters Savings Account and set up a smart savings tool. Valued at $100.
• Bundle your new chequing account with an eligible registered account. Valued at $100.

Credit card welcome bonus

Worth up to $1,080¹

Open a Scotiabank Passport Visa Infinite + Card to qualify for a welcome bonus offer. Earn Scene+ points and other benefits.¹⁷

• Up to 60,000 bonus Scene+ points with minimum spend. Valued at $600.
• Average foreign transaction fee savings on foreign currency purchases. Valued at $130.
• 6 Complimentary lounge visits. Valued at $350.
• Offer subject to change. Terms and conditions apply.

Total Value Combined

Up to $2,360