Working hard in the background...
Scotiabank Preferred Package Chequing for Student and Youths
$50
Scotiabank Preferred Package Chequing for Student and Youths
Bank Account · Apply through Finly
Cash back
$50
Finly rebate
$50
Get $50 rebate** + Earn up to $200 on the Scotiabank Preferred Package Chequing for Student and Youths
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
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 Preferred Package Chequing for Student and Youths?
Preferred banking. Zero dollars a month. Why settle for a basic account when you can have Scotiabank's Preferred Package — completely free while you're a student or under 25? Unlimited transactions, Scene+ points on every purchase, and all the features of a full adult banking package, without the monthly fee.
How to earn the welcome bonus
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.
Offer Validity: July 2 and November 1, 2026
Fees & limits
Monthly fee
$0
Transactions
Unlimited
Interac e-Transfers
Unlimited
ATM (own network)
$0
ATM (Canada, other)
$2
Foreign currency
2.5%
Insufficient funds
$10
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.
What Our Members Say
Real reviews from real users. See our full list of reviews on Trustpilot
Legal & disclosures
Disclosures from the issuing institution. Always confirm product terms directly with the issuer before applying.
Product legal content
1 To qualify for the $200 bonus offer (the “Offer”), you must:
1. Open a new Preferred Package for Students and Youth (an “Eligible Account”) between July 2 and November 1, 2026; and
2. 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.
♢♢ Click here for a list of eligible direct deposits and pre-authorized transactions. While 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 or pre-authorized transaction is eligible for the Offer. 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 Offer.
Eligibility Exclusions: Individuals who are currently or were previously holders of a Scotiabank Chequing Account within the last two (2) years are not eligible for the Offer. “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. Employees of Scotiabank are also not eligible for the Offer.
General Terms: The $200 cash bonus will be deposited to the Eligible Account within six (6) months from Eligible Account open date provided all Offer conditions outlined above have been met. The Eligible Account must be open and in good standing until the time of payout of the bonus. The Eligible Account is not in "good standing" if: (i) it has a negative balance exceeding the authorized overdraft limit, or (ii) it has been in continuous overdraft for a period of three consecutive months. For joint accounts, only the primary account holder will receive the bonus. The Offer is non-transferable and may not be duplicated. Limit of one (1) bonus per customer, regardless of the number of Eligible Accounts opened. If more than one (1) Eligible Account is opened, only the first Eligible Account opened will be eligible for the Offer. All rates, fees, features and benefits are subject to change. The Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.
*No monthly account fee if you are under 25 years old or you must be a domestic or international student currently enrolled in a full time post-secondary program in Canada or the U.S.
Conditions apply. See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.