Scotiabank Basic Bank Account
$50
Scotiabank Basic Bank Account
Bank Account · Apply through Finly
Cash back
$50
Finly rebate
Get $50 rebate on an approved Scotiabank Basic Bank Account
Apply through Finly and get approved for the Scotiabank Basic Bank Account to earn our Finly rebate — sent to your bank via Interac e-Transfer once your application is approved. Terms and conditions apply.**
Paid via INTERAC e-Transfer
Secure & private
$1.8M paid out to Canadians
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.
- Your approval is subject to being verified by the bank and can take up to 60 days depending on the bank's processing timeframe.
- You must be a new account holder.
- You must complete Scotiabank's personal verification (whether online or in-branch) and activate your account.
- You can only be approved for 1 Scotiabank chequing product rebate offer, even if you open multiple accounts. Duplicate claims are immediately declined.
- Your Chequing account must remain open, active, and in good standing.
- If you've been approved and verified by the bank but it's not reflected on your Finly account within 15 days, report a missing case and our team will help you resolve it.
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.
Fees & limits
Monthly fee
Transactions
$1.25 after
Interac e-Transfers
ATM (own network)
ATM (Canada, other)
Foreign currency
Insufficient funds
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 approval and eligibility. 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.
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