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Scotiabank Money Master Savings Account
$50
$50
Scotiabank Money Master Savings Account and $50 Rebate Exclusively from FinlyWealth**
Secure & Private
INTERAC e-Transfer$760,000+ Paid out so far
Rebate Offer Terms
*/** Terms and conditions apply.
- Subject to approval.
- For new account holders 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.
Overview
Scotiabank is revamping the Money Master savings account and introducing two new smart savings tools that clients will be able to benefit from if they have a D2D Chequing account and a Money Master account. Clients will be able to enrol in one of these tools at a time and cancel or change tools at any time.
The two new savings tools will help clients ‘find savings’ and seamlessly move money from their selected chequing to their Money Master Savings account at no cost. As an added incentive to help encourage clients to sign up for one of these new tools, they will be eligible to receive an ongoing interest rate boost of 0.39% for a total rate of 0.40% (0.39% is the EDS boost, 0.01% is the BAU MM rate). Rates are subject to change.
The two new tools are:
1) Pay Yourself First:
- Works best if you have a regularly recurring deposit like payroll set up
- This tool helps you set up automatic transfers from payroll or other income deposits in your chequing account into your Money Master savings account. You set the amount or percentage to save, and we’ll move funds when it appears that you can afford it.
- The amount transferred from chequing to savings will change depending on the transaction activity in your chequing account, including spending patterns, expenses, and incoming funds but will not be more than the amount or percentage you set. After each transfer, you’ll receive a notification in the Scotia app letting you know the amount.
2) Savings Finder:
- Works best if you have a fluctuating source of income or expenses
- This tool looks at your source of income and cash flow to identify opportunities to save small amounts of money you can afford, when it appears that you can afford it. You set your monthly savings target, and Savings Finder will do the rest.
- You’ll receive a notification in the Scotia app once a month letting you know the total amount that was transferred from your chequing account to your Money Master savings account.
- No transfer will be more than $75, and funds won’t be transferred more than three times a week. Savings Finder won’t transfer more than the monthly savings target you set when you enrolled.
How clients can get started:
Step 1: Open a Money Master Savings Account & an eligible Scotia chequing account
Step 2: Download the Scotia app
Step 3: Enrol in one of the smart savings tools by tapping on Advice+ within the Scotia app
Step 4: Once enrolled, set up your monthly savings goal (an amount or % for Pay Yourself first, and an amount for Savings Finder)
- Pay Yourself First requirements – a Scotia chequing account, recurring deposit linked to that account, and a Money Master savings account.
- Savings Finder requirements – a Scotia chequing account and a Money Master savings account.
*Note: Savings Finder is the only smart savings tool available if you’re opening a new chequing account, but you’ll be able to switch to Pay Yourself First after 90 days if you have a recurring deposit.
Step 5: Money is moved between your Scotia chequing account to your Money Master Savings account automatically to reach your savings goals each month. Clients will also be eligible to earn the bonus interest on the daily account closing balance in your eligible Money Master Savings Account for so long as they remain enrolled. The bonus interest rate is an annual rate and is subject to change.
Resources:
For more information on the smart savings tools, visit:
EN = https://www.scotiabank.com/ca/en/personal/programs-services/smart-savings-tools.html
FR = https://www.scotiabank.com/ca/fr/particuliers/programmes-et-offres/outils-depargne-intelligents.html
Educational videos for the smart tools:
Savings finder tool:
EN https://www.youtube.com/watch?v=3vcDlFFVEns
FR https://www.youtube.com/watch?v=zI0DYBNOJpg
Pay yourself first:
EN https://www.youtube.com/watch?v=YYSfLA8ymhU
FR https://www.youtube.com/watch?v=orqnrpkUtuU
How to Get the Rebate
1
Sign in or create a new FinlyWealth account.
2
Click the offer link provided in order to be redirected to the merchant's page.
3
Make sure to add your INTERAC e-Transfer email to your Finly profile for us to process payments.
4
Complete your application process in one go.
5
Once approved, the institution will report the transaction to us based on their reporting schedule, which can vary from 3-5 days, up to 2 weeks. Your Finly cashback profile will reflect that as soon as we receive a status update.
Rebate payments are generally processed within 10 days of receiving transaction confirmations, however it may vary depending on payment processing times.
Payments & Privacy
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We take privacy seriously and believe in keeping your information the way it's meant to be - private. We ask for minimal information to reduce exposure and secure any personal information stored using the latest industry standards.
Secure Payments via INTERAC
Payments are sent via INTERAC e-Transfer through our secure automated payment system. If your INTERAC requires a password to accept payments, you can find your unique passcode in your Finly account page, otherwise the cash payment will be auto-deposited directly into your bank account.
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Read eligibility criteria
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Frequently Asked Questions
A FinlyWealth rebate is a real cash payment you receive when you apply for a financial product (credit card, bank account, or brokerage) through our platform. It's our way of sharing the referral commission we earn with you, directly into your bank account.
Rebates are sent via INTERAC e-Transfer through our secure automated payment system. Make sure to add your INTERAC e-Transfer email to your Finly profile. If your INTERAC requires a password to accept payments, you can find your unique passcode in your Finly account page. Otherwise, the payment will be auto-deposited directly into your bank account.
The timeline varies by institution. Generally, the financial institution reports the transaction to us within 3–7 days after approval. Once we receive confirmation, rebate payments are typically processed within 10 days. You can track your rebate status in your Finly cash back profile.
Yes. We take privacy seriously and collect only minimal information needed for payment processing—simple details like your name and INTERAC e-Transfer email. We never share your data with third parties beyond what's required to process your rebate.
No. Our tracking process relies on browser cookies to attribute your application to your Finly account. Using VPNs, ad blockers, or incognito/private browsing mode can interfere with tracking and may result in your rebate not being recorded. Please disable these before clicking the offer link.
If your rebate hasn’t appeared within the expected timeline shown on this page, you can file a support ticket with our support team through your Finly account. Having your application reference number ready will help us resolve the issue faster.
It is strongly recommended to complete the entire application on one device in one browsing session. Switching devices or closing the browser midway can break the tracking cookie, which may prevent the rebate from being recorded.
Yes! The FinlyWealth rebate is completely separate from and in addition to any welcome bonus, sign-up offer, or promotional incentive offered by the financial institution. You get both.
Ready to get your rebate?
Apply now through FinlyWealth and secure the cash offer.
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Legal:
6The interest paid depends on the total daily closing balance. Interest rate is applied to the entire balance, calculated daily, and paid monthly. The interest rate is an annual rate and is subject to change with or without notice. Within approximately 5 business days after you have successfully enrolled your Money Master Savings Account in one of the Smart Savings Tools options and for so long as it continues to remain enrolled, your bonus interest rate will be applied daily to the entire daily account closing balance. Any bonus interest paid will be displayed in your Money Master Savings account transaction details, separately from the regular interest payment. This Bonus Interest does not apply if you have already signed up for any other bonus interest offer applicable to your Money Master Savings Account.