Scotiabank Basic Bank Account

$50

Scotiabank Basic Bank Account

Bank Account · Apply through Finly

Cash back

$50

Get my rebate

Finly rebate

$50

Get $50 rebate^** on the Scotiabank Basic Bank Account

Apply through Finly. Get approved by the financial institution. We e-Transfer your rebate via Interac, no points or portals required.

Paid via INTERAC e-Transfer

Secure & private

$1,236,000+ paid out to Canadians

Monthly fee

$3.95

Finly rating

3.2 / 5

Editor's score

Transactions

18/mo

$1.25 after

Read before you apply

Rebate eligibility & offer terms

These rules determine whether you qualify for the Finly rebate on this offer. Skim them before clicking apply.

* / ** Terms and conditions apply.

Subject to approval.
For new accounts only.
Only valid for online applications initiated through our offer link. In-branch applications are not eligible for rebate.
Only 1 Scotiabank banking product per client is eligible for rebate.

The chequing account

Why Scotiabank Basic Bank Account?

Just the essentials. Just $3.95 a month. The Basic Bank Account is Scotiabank's most affordable option — a straightforward account for those who don't need a lot of transactions each month. At $3.95 flat, it's predictable, low-cost banking with no minimum balance required, and free for qualifying seniors, RDSP beneficiaries, and those receiving social assistance.

Full account review

Fees & limits

Monthly fee

$3.95

Transactions

$1.25 after

18/mo

Interac e-Transfers

Unlimited

ATM (own network)

$0

ATM (Canada, other)

$1.5

Foreign currency

2.5%

Insufficient funds

$45

Ready when you are

$50 is yours when you apply through Finly.

We e-Transfer your rebate via Interac after the financial institution confirms your sign-up. No portals, no points — just real cash.

FAQ

Common questions, answered.

Still unsure? Reach out to support after signing up — we'll get back to you within a couple of business days.

Yes. The Finly rebate stacks with whatever sign-up offer or welcome bonus the institution provides. You get both.

Rebates are sent via Interac e-Transfer to the email on your Finly profile. Once your sign-up is verified, payments are typically processed within 10 days.

The financial institution reports the transaction back to us within a few days to a few weeks, depending on their reporting cadence. You can track the status from your Finly account.

Switching devices mid-application, using a VPN, ad blocker, or incognito mode can break our tracking cookies. Complete the application on a single device in one session for a smooth experience.

No — Finly rebates apply only to brand-new sign-ups. If the financial institution flags you as an existing customer for that product, the rebate won't apply.

Some accounts waive the monthly fee if you maintain a minimum balance or set up direct deposits. Any waiver options are listed in the fees & limits panel above. The financial institution makes the final approval decision.

Eligible Canadian bank deposits are insured by CDIC up to $100,000 per category. Coverage details depend on the institution — check the financial institution's site for specifics.