Scotiabank Review 2026: Checking and Savings
Written by Lauren Brown,
Edited by Kevin Shahnazari
Last updated on September 28, 2026
FinlyWealth rating
🏅
4.1
Products they offer:
Best for:
Scotiabank is an ideal pick for Canadians looking for full-service banking with a strong lineup of Scene+ rewards credit cards and international banking capabilities. Its extensive branch network and broad range of banking as well as its lending and investment products make Scotia a suitable option for a range of customers.
on Bank of Nova Scotia (Scotiabank)'s website
Overview
Scotiabank provides well-rounded banking, offering a large branch network and one of the strongest rewards ecosystems among the biggest banks in Canada. As a full-service institution, the bank has investment management and award-winning private banking.
Scotia provides tailored accounts for everyone from students and youth to seniors, while the Scotiabank StartRight® Program is a top pick for newcomers to Canada. The bank also boasts a premium banking experience through the Scotiabank Ultimate Package Chequing. Some fee waiver options are available when you maintain a minimum balance but its interest rates on savings tend to be lower than what you can find through online banks. That said, its network access is more competitive as it is part of the Global ATM alliance.
Scotia’s credit card offering stands out for its travel lineup as well as its partnership with Scene+ rewards. FinlyWealth recently named the Scotiabank Passport Visa Infinite + Card as our pick for the best overall travel and no foreign transaction fees credit card. In addition to credit cards, Scotia maintains a competitive edge within the mortgage and loan space through flexible financing solutions.
Pros
- Strong offering of travel and rewards credit cards with the Scene+ program being a market differentiator
- Provides a distinctive newcomer banking program
- Access to the Global ATM alliance allowing for no-fee ATM withdrawals at specific international banks
- Full-service banking allowing customers to get their entire banking, lending and investing needs met at a single institution
- Wide range of flexible borrowing options
- Premium banking available with fee-waiver opportunities
- Well-ranked mobile application
- Significant international retail presence, particularly in Latin America
Cons
- Lower savings rates than those offered by online banks and fintechs
- Applicable account fees can be expensive unless you meet the fee-waiver threshold
- Worst TrustPilot rating out of the Big Six with many dissatisfied customers
- Fees are comparable to the other Big Six, though higher than fintechs and digital banks
- More expensive lending rates than digital-first institutions
- Many premium banking benefits require a substantial minimum balance
Product Reviews
Savings Accounts
on Scotiabank's website
Welcome Bonus
N/A
Regular Interest
Up to 0.4%
Monthly Fee
$0
The Scotiabank Money Master Savings Account focuses on helping customers build savings through automation. With no monthly fees and unlimited transfers between eligible Scotiabank accounts, it’s a convenient place to set aside money while keeping it accessible for when you might need it.
The account’s standout features are its automated savings tools. Customers can set up recurring transfers, automatically move a portion of their paycheque into their savings, or use Scotia's savings features to transfer money based on their spending patterns. These tools may appeal to individuals who struggle to save consistently.
Though the Money Master Account encourages savings, its interest rate remains modest compared to some competing accounts. Existing Scotiabank customers may still appreciate the account’s convenience and its integration with their everyday banking, though.
Scotiabank is revamping the Money Master savings account and introducing two new smart savings tools that clients will be able to benefit from if they have a D2D Chequing account and a Money Master account. Clients will be able to enrol in one of these tools at a time and cancel or change tools at any time.
The two new savings tools will help clients ‘find savings’ and seamlessly move money from their selected chequing to their Money Master Savings account at no cost. As an added incentive to help encourage clients to sign up for one of these new tools, they will be eligible to receive an ongoing interest rate boost of 0.39% for a total rate of 0.40% (0.39% is the EDS boost, 0.01% is the BAU MM rate). Rates are subject to change.
The two new tools are:
1) Pay Yourself First:
- Works best if you have a regularly recurring deposit like payroll set up
- This tool helps you set up automatic transfers from payroll or other income deposits in your chequing account into your Money Master savings account. You set the amount or percentage to save, and we’ll move funds when it appears that you can afford it.
- The amount transferred from chequing to savings will change depending on the transaction activity in your chequing account, including spending patterns, expenses, and incoming funds but will not be more than the amount or percentage you set. After each transfer, you’ll receive a notification in the Scotia app letting you know the amount.
2) Savings Finder:
- Works best if you have a fluctuating source of income or expenses
- This tool looks at your source of income and cash flow to identify opportunities to save small amounts of money you can afford, when it appears that you can afford it. You set your monthly savings target, and Savings Finder will do the rest.
- You’ll receive a notification in the Scotia app once a month letting you know the total amount that was transferred from your chequing account to your Money Master savings account.
- No transfer will be more than $75, and funds won’t be transferred more than three times a week. Savings Finder won’t transfer more than the monthly savings target you set when you enrolled.
How clients can get started:
Step 1: Open a Money Master Savings Account & an eligible Scotia chequing account
Step 2: Download the Scotia app
Step 3: Enrol in one of the smart savings tools by tapping on Advice+ within the Scotia app
Step 4: Once enrolled, set up your monthly savings goal (an amount or % for Pay Yourself first, and an amount for Savings Finder)
- Pay Yourself First requirements – a Scotia chequing account, recurring deposit linked to that account, and a Money Master savings account.
- Savings Finder requirements – a Scotia chequing account and a Money Master savings account.
*Note: Savings Finder is the only smart savings tool available if you’re opening a new chequing account, but you’ll be able to switch to Pay Yourself First after 90 days if you have a recurring deposit.
Step 5: Money is moved between your Scotia chequing account to your Money Master Savings account automatically to reach your savings goals each month. Clients will also be eligible to earn the bonus interest on the daily account closing balance in your eligible Money Master Savings Account for so long as they remain enrolled. The bonus interest rate is an annual rate and is subject to change.
Resources:
For more information on the smart savings tools, visit:
EN = https://www.scotiabank.com/ca/en/personal/programs-services/smart-savings-tools.html
FR = https://www.scotiabank.com/ca/fr/particuliers/programmes-et-offres/outils-depargne-intelligents.html
Educational videos for the smart tools:
Savings finder tool:
EN https://www.youtube.com/watch?v=3vcDlFFVEns
FR https://www.youtube.com/watch?v=zI0DYBNOJpg
Pay yourself first:
EN https://www.youtube.com/watch?v=YYSfLA8ymhU
FR https://www.youtube.com/watch?v=orqnrpkUtuU
Best for: High interest savings at Big 5 bank
on Scotiabank's website
Welcome Bonus
Earn up to 5.00%* for the first 3 months
Regular Interest
Up to 2.2%
Monthly Fee
$0
The Scotia High Interest Savings Account provides a simple way to earn extra interest on your cash. All without paying a monthly fee. The account offers a seamless integration with Scotiabank’s broader banking ecosystem.
Unlike many savings accounts, the ongoing interest rate depends on your Total Relationship Balance across eligible Scotiabank products. This means customers with more assets at the bank may qualify for a higher interest rate. Those with smaller balances, though, earn less.
The account may be a suitable option for existing Scotiabank customers looking to keep their savings alongside their everyday banking. However, savers focused primarily on maximizing long-term interest rates may find better ongoing rates available from online banks.
You can earn up to 5.00%* for the first 3 months if you are not a current Scotia HISA or MomentumPLUS Savings Account holder and haven’t held either account in the last two years.
Regular interest rate
Up to 2.2%
$10,000 minimum Total Relationship Balance1 required to earn interest3
Promo interest rate
Earn an extra 2.8%
Get the promo rate for 3 months, on top of our regular tiered interest rates2 when you keep a Total Relationship Balance1 of at least $10,000. Conditions Apply.2
Not all savings accounts are created equal.
The Scotia High Interest Savings Account (HISA) is different - the more you deposit and invest with us, the higher your interest rate on your HISA account.
It's simple: keep a Total Relationship Balance1 of at least $10,000 to start earning a high interest rate. As the balances across your eligible accounts grow, so will the interest rate on your HISA.
Your HISA interest rate is determined by your Total Relationship Balance1, which is the combined daily closing balance in your eligible chequing, savings, and investment accounts.
- Earn competitive interest rates that increase as your Total Relationship Balance1 grows
- Pay no monthly account fees
- Make unlimited self-service transfers between your accounts4
on Scotiabank's website
Welcome Bonus
N/A
Regular Interest
Up to 0.95%
Monthly Fee
$0
Taking a different approach to savings, the Scotiabank Momentum Plus Savings Account rewards customers who leave their money untouched for longer periods. Customers can choose a savings period of 90, 180, 270 or 360 days, with longer periods earning a higher Premium Period Interest Rate.
The account has a tiered structure which may appeal to those savers who have specific goals and timelines. Its overall return, however, is less competitive than many of today’s higher-interest savings accounts. If you need regular access to your money, you may also find the premium period restrictive. With this in mind, we believe the Momentum Plus Savings Account may work best for existing Scotia customers who are saving towards a short-term goal. Rate-conscious savers will find stronger options elsewhere though.
Pros
- Competitive promotional rates
- No monthly fees or minimum balance
- Interest compounds daily
Cons
- The promotional high rate is limited in time
- No free Interac e-Transfers or debit access directly from the account
- After promotions, the ongoing rate is modest compared with many online banks and fintech savings products
Chequing Accounts
Best for: Canadian permanent residents, international students, and foreign workers.
on Scotiabank's website
Welcome Bonus
Earn up to $2,300 in value in the first year(1)
Monthly Fee
$16.95 (waivable)
Account Type
Chequing • Personal
Helping newcomers to Canada establish their financial footing, the Scotiabank StartRight® Program provides eligible customers with access to introductory banking products. The program also helps newcomers build credit and take advantage of special offers designed specifically for individuals who have recently arrived in the country. A key feature of the program is its ability to recognize credit history from select countries, which can help newcomers qualify for a higher credit limit than they may otherwise receive.
If you are a newcomer to Canada looking to simplify your transition, the StartRight® Program has a compelling combination of banking and credit-building opportunities, all while providing access to rewards-earning products. It's one of the more comprehensive newcomer banking packages offered by a major Canadian bank.
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
- Up to $2,300 in first year value1 when banking with Scotiabank, including up to $580 in value with the StartRight® Program2.
- Waive the monthly account fee for the first year5 when you open a Preferred Package chequing account.
- 24/7 banking through the Scotia app, phone, or chatbot, plus over 900 branches across Canada offering help in more than 50 languages.
- Collect rewards on everyday purchases with a Scene+ credit or debit card6 and get rewarded with travel, groceries, and more.
- Leverage your credit history from home to apply for a higher credit limit on your Scotia credit card3 with Nova Credit4.
How to Qualify for StartRight®
Qualifications
- Canadian permanent resident for five years or less
- International student
- Foreign worker
Required Documentation
Gather these documents prior to applying:
Permanent Resident
- Resident card or Confirmation of Permanent Residence
- Foreign passport or Canadian government-issued photo ID, like your driver's license
Foreign Worker
- Work permit
- Foreign passport or Canadian government-issued photo ID, like your driver's license
- If applying for a credit card, you'll also need a letter from your Canadian employer confirming your annual income
International Student
- Study Permit (IMM 1442) or Temporary Resident Visa (TRV)
- One additional piece of government photo ID such as your passport or Canadian driver’s licence
- Proof of enrollment from your Canadian Educational Institution such as your Student ID card or your course timetable
Pros
- Impressive first-year value
- 24/7 banking
- Everyday optimization opportunities
- Leverage credit history to apply for higher credit limit
Cons
- High fees after first year (without minimum balance)
- Credit card fees and income requirements
- Lower credit limits without Nova Credit credit history leverage
Account Fees
Monthly Fee
$16.95
Fee Waiver: StartRight Program Fee Waiver
Full waiver
No monthly account fee of $16.95 on the Preferred Package chequing account for the first year as part of the StartRight Program.
Credit Card Rebate
Up to $150
eStatement
Included
Transactions
Transactions
Unlimited free
Interac e-Transfers
Unlimited free
ATM Fees
Own Network
$0
Canadian ATMs
$1.5
USA
$3
International
$3
International & Currency
Foreign Currency Conversion
2.5%
Other Fees
NSF (Non-sufficient Funds)
$10
Overdraft Interest
21% annually (if used)
Bank Draft
$9.5
Best for: Premium Chequing Account with $150 credit card annual fee rebate
on Scotiabank's website
Welcome Bonus
Earn up to $1000
Monthly Fee
$30.95 (waivable)
Account Type
Chequing • Personal
The Scotiabank Ultimate Package combines unlimited day-to-day banking with a range of premium benefits for customers who want more than just the basics. Featuring unlimited transactions and Interac e-Transfers, the account also includes perks such as no-cost Global non-Scotiabank ATM withdrawals, an annual fee waiver on eligible credit cards and free trades through Scotia iTRADE.
The account delivers strong value for customers who can take advantage of its bundled benefits, particularly those who travel frequently or already use multiple Scotiabank products. Its monthly fee sits on the higher end, but customers who maintain the required minimum balance may qualify for a waiver. For those seeking premium all-in-one banking, the Ultimate Package ranks well among the offerings available from Canada's major banks.
Earn up to $1000 when you bundle an eligible banking package, savings account, and eligible Credit Card and complete certain qualifying transactions/conditions*.
- Earn $700 when you open a new Preferred Package or Ultimate Package chequing account and complete certain qualifying transactions.
- Clients qualifying for the $700 bonus can earn up to $300 more by bundling their new Preferred or Ultimate Package chequing account with a new Money Master Savings Account and/or eligible Credit Card, subject to qualifying transactions/conditions.
Offer Validity: July 3, 2026 - October 29, 2026
Account features include:
- $30.95 monthly fee (waived with a $6,000 daily balance or $100,000 combined across all eligible accounts)
- No monthly account fee on a Basic Plus Bank Account
- No monthly account fee on a Scotia® U.S. Dollar Daily Interest Account
- Preferred rates on eligible mortgages on a Scotia Total Equity® Plan
- Unlimited transactions, Interac e-transfer transactions and Scotia International Money Transfers
- Unlimited free Global non-Scotiabank ABM withdrawals
- Annual fee rebate each year on select credit cards (up to $150)
- Withdraw from any ABM for free
- 10 free equity trades at Scotia iTRADE® in your 1st year
- Earn points on every day purchases with the Scene+™ program
- Shell fuel savings
- No overdraft protection fee
- No fee Scotia International Money Transfers
- Rates, fees and other information are effective as of July 3, 2026. Subject to change.
Account Fees
Monthly Fee
$30.95
Credit Card Rebate
Up to $150
eStatement
Included
Transactions
Transactions
Unlimited free
Interac e-Transfers
Unlimited free
ATM Fees
Own Network
$0
Canadian ATMs
$1.5
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
$0
on Scotiabank's website
Welcome Bonus
Earn up to $1000*
Monthly Fee
$16.95 (rebate available)
Account Type
Chequing • Personal
The Scotiabank Preferred Package offers a mix of everyday banking features and added perks for customers who use their chequing account regularly. Along with unlimited transactions and Interac e-Transfers, the account also allows customers to earn Scene+ points on eligible debit purchases. You may also qualify to receive an annual fee rebate on your Scotiabank credit card during your first year.
The account delivers solid value for customers who want unlimited banking without upgrading to a premium package. While the $16.95 monthly fee may deter some users, customers who maintain the required minimum balance can get a fee waiver. For Canadians looking for a well-rounded chequing account that balances features, rewards, and affordability, the Preferred Package remains a strong choice.
Earn up to $1000 when you bundle an eligible banking package, savings account, and eligible Credit Card and complete certain qualifying transactions/conditions*.
- Earn $700 when you open a new Preferred or Ultimate Package chequing account and complete qualifying transactions.
- Earn up to $300 more by bundling your new chequing account with a new Money Master Savings Account and/or eligible Credit Card Account and complete qualifying transactions/conditions (must qualify for the $700 bonus first).
Offer Validity: July 3, 2026 - October 29, 2026
Featured perks include:
- Unlimited debit transactions3
- Ongoing $40 annual fee rebate (on eligible credit cards)4
- No monthly account fee on a Scotia® U.S. Dollar Daily Interest Account5
- 20 free Scotia iTRADE stock or ETF trades in your 1st year6
- $1.99 Scotia International Money Transfers7
- Unlimited Interac e-Transfer† transactions
- Earn points on every day purchases with the Scene+™ program11
- Eligible for overdraft protection8
- 1 free ABM withdrawal in Canada a month9
- Shell Fuel Savings°
- Rates, fees and other information are effective as of July 3, 2026. Subject to change.
Account Fees
Monthly Fee
$16.95
Fee Rebate: Seniors Pricing
Save $12.95/mo
Credit Card Rebate
Up to $150
eStatement
Included
Transactions
Transactions
Unlimited free
Interac e-Transfers
Unlimited free
ATM Fees
Own Network
$0
Canadian ATMs
$1.5
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
on Scotiabank's website
Welcome Bonus
N/A
Monthly Fee
$11.95 (waivable)
Account Type
Chequing • Personal
The Scotiabank Basic Plus Bank Account strikes a balance between affordability and functionality. Including 25 debit transactions each month, the account also has unlimited Interac e-Transfers as well as the ability to earn Scene+ points on eligible debit purchases.
The features of the Basic Plus Bank Account make it a practical option for those who want more than “just the basics” but also don’t want to pay for unlimited banking. Customers who frequently use debit transactions may find more value in a different package, though.
A basic bank account with value-added features
Top features:
- 25 free debit transactions¹ a month
- Free Interac-Transfer † Transactions
- Send money globally for $1.99 with Scotia International Money Transfer2
- Eligible for overdraft protection3
- Fuel up and save at Shell°
Pros
- Free e-Transfers
- Overdraft Protection
- Shell Fuel Savings
Cons
- Limited free transactions
Account Fees
Monthly Fee
$11.95
eStatement
Included
Transactions
Included Transactions / Month
25 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 & Currency
Foreign Currency Conversion
2.5%
Other Fees
NSF (Non-sufficient Funds)
$45
Overdraft Interest
21% annually (if used)
Bank Draft
$9.5
on Scotiabank's website
Welcome Bonus
N/A
Monthly Fee
$3.95
Account Type
Chequing • Personal
The Scotiabank Basic Bank Account keeps banking costs low. For a modest monthly fee of just $3.95, customers receive a limited number of monthly transactions without needing to maintain a minimum balance. Certain groups, including Indigenous Peoples, RDSP beneficiaries, and individuals receiving social assistance, may also qualify for the account at no cost.
While the account offers affordable banking, its transaction limit may feel restrictive for some customers. Those who regularly make debit purchases may find better value in a higher-tier account. For light banking users who prioritize simplicity and low costs, however, the Basic Bank Account is a reasonable option.
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 & Currency
Foreign Currency Conversion
2.5%
Other Fees
NSF (Non-sufficient Funds)
$45
Overdraft Interest
21% annually (if used)
Bank Draft
$9.5
Best for: No fees and earning points on debit transactions
on Scotiabank's website
Welcome Bonus
Earn up to $200(1) or up to $625 in value*
Monthly Fee
$0
Account Type
Chequing • Student
The Scotiabank Preferred Package for Students and Youth delivers unlimited transactions and Interac e-Transfers as well as the opportunity to earn Scene+ points on qualifying debit purchases. At no monthly cost, the account provides access to Scotiabank's extensive branch and ATM network for those who qualify.
Unlike many student or youth accounts that limit features or transaction volumes, the Preferred Package includes many of the same benefits available to regular banking customers but without the cost. For eligible individuals, the package ranks among the strongest student and youth banking options offered by a major Canadian bank.
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:
- 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 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
- 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.
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
Explore Scotiabank credit cards
See our full guide to Scotiabank's best credit cards.
Read guide
Customer Experience
2.7/5
While Scotiabank has a large branch network and a highly rated mobile application, it also receives mixed reviews from customers. Compared to the other Big Five banks in Canada, Scotia has the lowest Trustpilot score, with a rating of 1.2 out of 5 stars. Complaints include those about staff, who are said to be "unaccommodating and unprofessional," as well as “unresolved issues, and a lack of responsiveness" from the bank. This negative feedback weighs on Scotia’s customer experience score. But its mobile application is well-rated, ranking in the top three within Surviscor’s annual Consumer Mobile Banking Experience review.
Rating Methodology
How We Rate Bank of Nova Scotia (Scotiabank)
Our ratings are based on a comprehensive evaluation of each financial institution across multiple categories. We assess the quality and competitiveness of their products, fees, interest rates, customer experience, and overall value proposition.
Overall Rating
A weighted average reflecting the institution's performance across all evaluated categories.
Product Offerings
Evaluates the breadth and quality of available products including credit cards, savings accounts, and chequing accounts.
Fees & Rates
Compares monthly fees, interest rates, and fee waiver options against industry standards.
Customer Experience
Assesses the quality of customer support, digital banking tools, and overall user experience.
Rating Scale: All ratings are on a scale of 0 to 5, where 5 represents exceptional performance and 0 represents significant concerns. Ratings are reviewed and updated regularly to reflect changes in products, pricing, and services.
Frequently Asked Questions
Yes, Scotiabank offers one of the strongest credit card profiles among Canada’s major banks with options for travel, cash back and everyday spending.
As Scotia participates in the Global ATM Alliance, your applicable fees will depend on the type of ATM you use. If you withdraw cash using a machine that is part of this alliance, you can avoid certain ATM access fees. It is important to note, though, that exchange rate expenses and other charges from the ATM’s operator may still apply. When you use an ATM that is not part of the Global ATM Alliance, you will see an additional ATM access fee from Scotiabank, the ATM operator, or both.