Chequing account
Scotiabank
Scotiabank Basic Plus Bank Account
3.9/5 our rating
A $50 rebate from FinlyWealth
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- Monthly fee
- $11.95
- waivable
- Transactions
- 25 free
- a month, then $1.25 each
- e-Transfers
- Unlimited
- free
Overview
A middle account from Scotiabank with 25 debit transactions a month, unlimited Interac e-Transfers, and Scene+ points on purchases. The monthly fee can be waived. Good for moderate spenders. Past 25 transactions each one costs extra, so if you use debit daily, look at the Preferred Package instead.
What we like
Free e-Transfers
Overdraft Protection
Shell Fuel Savings
Worth knowing
Limited free transactions
Fees
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 and currency
Foreign currency conversion
2.5%
Other fees
NSF (non-sufficient funds)
$45
Overdraft interest
21% annually (if used)
Bank draft
$9.5
Highlights
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°
Legal
†
Interac e-Transfer is a registered trademark of Interac Corp. Used under license
°
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) 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.
1
Additional fees apply for shared ABM services, cross-border debit transactions and other banking services not included in the chequing account package. For accounts that do not provide unlimited debit transactions, a charge for additional debit transactions may apply if you perform an Interac e-Transfer transaction over and above the number of debit transactions allowed in the account.
2
Foreign currency exchange rates apply. For Ultimate Package customers and customers onboarded as a part of the Scotiabank StartRight® Program, we do not charge a service fee for the transfer, however, foreign currency exchange rates apply. A transfer needs to be made from an eligible Scotiabank Chequing or Savings account. Subject to daily limits and additional terms and conditions as set out in the Scotiabank International Money Transfer Agreement found at www.scotiabank.com/ca/en/personal/ways-to-bank/scotiabank-international-money-transfer-agreement.html.
3
Subject to approval. A customer must apply for an Overdraft Protection Plan to determine if they qualify.
*Conditions apply. See Account Provider's website for complete account details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.