Get $100 rebate + Switch to a banking bundle and earn up to $1,000* on an approved Scotiabank Ultimate Package Chequing

The Scotiabank Cash Bonus Bundle Offer Terms and Conditions

1. The Scotiabank Cash Bonus Bundle Offer (the “Offer”) is available between October 30, 2026 and March 4, 2027 (the “Offer Period”) to individuals who open new eligible accounts. Subject to the Offer conditions, eligible clients can earn $700 when they open a new Preferred Package or Ultimate Package chequing account and complete certain qualifying transactions. Plus, clients who meet the conditions for the $700 bonus are also eligible to earn up to $300 in additional cash bonuses when they bundle their new Preferred or Ultimate Package chequing account with a new eligible Registered Account and/or a new eligible Credit Card Account and complete certain qualifying transactions/conditions. 

$700 Cash Bonus for Preferred or Ultimate Package Conditions

2. To qualify for the $700 cash bonus (the “$700 Package Bonus”), you must:

a. Open a new Ultimate Package or new Preferred Package chequing account (the “Eligible Chequing Account”) during the Offer Period; 

b. Within 60 days of Eligible Chequing Account opening, set up and receive at least one eligible automated and recurring direct deposit, such as payroll or pension, which will recur monthly for a minimum of four (4) consecutive months in total; and

c. Within 60 days of Eligible Chequing Account opening, complete any one (1) of the following activities:

i. Set up and make a minimum of one (1) eligible recurring pre-authorized transaction with a value of at least $50 which will recur monthly for a minimum of four (4) consecutive months, or

ii. Make at least one (1) eligible online bill payment of at least $50 through the Scotiabank Mobile App or through Scotia OnLine, or

iii. Complete at least five (5) eligible 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, pre-authorized transactions and online bill payments. Notwithstanding 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, pre-authorized transaction or bill payment is eligible for the $700 Package Bonus. 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 $700 Package Bonus.

$200 Registered Account Bundle Conditions

3. To qualify for a $200 cash bonus (the “$200 Registered Bundle Bonus”), you must meet all of the conditions for the $700 Package Bonus and, within 60 days of opening your Eligible Chequing Account, open a new Eligible Registered Account (as defined below). 

4. For the purposes of this Offer, the following Scotia Registered Accounts opened with either The Bank of Nova Scotia (“Scotiabank”) or Scotia Securities Inc. are defined as “Eligible Registered Accounts”:  Scotia Registered Retirement Savings Plans (excluding Spousal RRSPs and locked-in plans such as LIRAs and LRSPs) (each an “RRSP”), Scotia Tax-Free Savings Accounts (each a “TFSA”) and Scotia First Home Savings Accounts (each a “FHSA”). Scotia RRIFs (including locked-in income plans), RESPs, RDSPs, and non-registered Scotia Investment Accounts are not included in the definition and are not eligible for the Offer.

$100 Credit Card Bundle Bonus Conditions

5. To be eligible to receive a $100 cash bonus (the “$100 Credit Card Bundle Bonus”), you must meet all of the conditions for the $700 Package Bonus, and:

a. Within 60 days of opening your Eligible Chequing Account, you must apply for and be approved for an Eligible Credit Card Account in which you are the primary cardholder; and

b. Within 60 days of opening your Eligible Credit Card Account, you must complete at least one Qualifying Purchase on your Eligible Credit Card Account.

A “Qualifying Purchase” is a Purchase (as defined in your credit agreement for your Eligible Credit Card Account) that is posted to your Eligible Credit Card Account, less any refunds, returns or other similar credits on your Eligible Credit Card Account. Qualifying Purchases exclude cash advances (including balance transfers and cash-like transactions), interest charges, fees and payments posted to your Eligible Credit Card Account.

“Eligible Credit Card Accounts” currently include the following: 

• Scotiabank® Scene+TM Visa* Card

• Scotiabank Passport® Visa Infinite +*

• Scotiabank Passport® Visa Infinite Privilege* Card

• Scotiabank American Express® Card

• Scotiabank Gold American Express®

• Scotiabank Platinum American Express® Card

• Scotia Momentum® No-Fee Visa* Card 

• Scotia Momentum® Visa* Card

• Scotia Momentum® Visa Infinite +* 

• Scotiabank Value® Visa* Card

Eligible Credit Card Accounts are subject to change.

Offer Eligibility and Exclusions:

6. $700 Package Bonus: Individuals who are currently holders of, or who were previously holders within the last two (2) years, of a Scotiabank Chequing Account are not eligible for this Bonus. “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. 

7. $200 Registered Bundle Bonus: In order to qualify for the $200 Registered Bundle Bonus, individuals who have held the same type of Eligible Registered Account (as that opened during the Offer Period) with Scotiabank in the six (6) months preceding the Offer Period are not eligible for this Bonus.  

8. $100 Credit Card Bundle Bonus: Individuals who are currently or were previously primary cardholders of a Scotiabank personal credit card in the past 2 years, including those that switch from an existing Scotiabank personal credit card are not eligible for this Bonus.

9. Employees of Scotiabank and all of its subsidiaries are also not eligible for the Offer.

Offer Fulfillment 

10. Provided all of the applicable Offer conditions have been met: 

a. the $700 Package Bonus will be deposited to the Eligible Chequing Account within approximately seven (7) months from account open date.

b. the $200 Registered Bundle Bonus will be deposited to your Eligible Scotiabank Chequing Account within approximately eight (8) months from the Eligible Registered Account open date.  

c. the $100 Credit Card Bundle Bonus will be deposited to your Eligible Scotiabank Chequing Account within approximately eight (8) months from the credit card open date.

11. You have 24 months from the date you believe you have fulfilled the applicable Offer conditions to notify us if you have not received the applicable cash bonus so that we may confirm your eligibility. For clients investing in non-Canadian dollar currencies, the investment will be calculated based on Canadian dollar equivalent at the Scotiabank rate on the transaction date to determine eligibility for the offer. All bonuses will be paid in Canadian dollars. 

12. For any cash bonus to be fulfilled, the Eligible Chequing Account, the Eligible Registered Account and the Eligible Credit Card Account, as applicable, must be open and in good standing until the time of payout of the cash bonus. The Eligible Chequing Account is not in "good standing" if: (i) it has a negative balance exceeding the authorized overdraft limit, (ii) it has been in continuous overdraft for a period of three consecutive months, or (iii) the Account holder is in breach of the Account agreement with Scotiabank. An Eligible Registered Account is not in 'good standing' if the account holder is in breach of the Eligible Registered Account’s client account agreement. Clients are responsible to confirm their applicable registered plan contribution limits prior to making any contribution to their Eligible Registered Account(s). An Eligible Credit Card Account is not in “good standing” if it is past due or over limit and the Cardholder(s) is in breach of the Revolving Credit Agreement that applies to the Account. 

13. If more than one (1) Eligible Chequing Account is opened, only the first Eligible Chequing Account opened will be eligible for the $700 Package Bonus. If more than one (1) Eligible Registered Account is opened, only the first Eligible Registered Account opened will be eligible for the $200 Registered Bundle Bonus. If more than one (1) Eligible Credit Card Account is opened, only the first Eligible Credit Card Account opened will be eligible for the $100 Credit Card Bundle Bonus.

14. For joint accounts, only the primary Eligible Chequing Account holder is eligible to receive $200 Registered Bundle Bonus and the $100 Credit Card Bundle Bonus into their Eligible Chequing Account, as applicable. The primary account holder must be the same client on the Eligible Chequing Account, Eligible Registered Account, and Eligible Credit Card Account.

General Terms

15. This Offer is non-transferable and may not be duplicated. Limit of one (1) $700 Package Bonus, one (1) $200 Registered Bundle Bonus, and one (1) $100 Credit Card Bundle Bonus per client (for a total bonus of up to $1,000), regardless of the number of Eligible Chequing Accounts, Eligible Registered Accounts, or Eligible Credit Card Accounts opened.

16. All rates, fees, features and benefits are subject to change. All other terms and conditions of the Accounts continue to apply.

17. The Offer is non-transferable and may not be duplicated. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers on the Account, unless otherwise permitted by Scotiabank. 

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