Open a New Bank Account @ Scotiabank today! (2024)

$400 Banking Package and Registered Account Bundle Offer Description and Conditions:

The Scotiabank $400 Cash Bonus Bundle Offer (the “Offer”) is available between November 1, 2023 and February 29, 2024 (the “Offer Period”) to individuals who open new eligible accounts. Subject to the conditions below, eligible customers can earn $350 when they open a new Preferred Package or Ultimate Package and complete certain qualifying transactions and an additional $50 boost when they open a new eligible Scotia Registered Retirement Savings Plan or Tax-Free Savings Account (each an “Eligible Registered Account”) and set up and clear a recurring pre-authorized contribution with a minimum value of $50 per month for a minimum of three (3) consecutive months.

For the purposes of this Offer, the following Scotia registered accounts are eligible for the Offer: Scotia Registered Retirement Savings Plans (RRSPs, excluding Locked-In Plans such as LIRAs and LRSPs) (each an “RRSP”) and Scotia Tax-Free Savings Accounts (each a “TFSA”). Scotia RRIFs, FHSAs, RESPs, RDSPs, and non-registered Scotia Investment Accounts are not eligible for the Offer.

$350 Cash Bonus for Preferred or Ultimate Package Conditions:To qualify for the $350 cash bonus (the “Package Bonus”), you must:

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

2. Completeany two (2)of the following activities in your Eligible Chequing Account within 60 days of Eligible Chequing Account opening:

• Set up and clear at least one eligible automated and recurring direct deposit^†, such as payroll or pension, which will recur monthly for a minimum of three (3) consecutive months, or
• Set up and clear a minimum of two (2) separate eligible recurring pre-authorized transactions^†with a minimum value of at least $50 per transaction which will each recur monthly for a minimum of three (3) consecutive months, or
• Make at least one (1) eligible online bill payment^†of at least $50 through the Scotiabank Mobile App or through Scotia OnLine.

^†Click herefor 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 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 Package Bonus.

$50 Registered Account Bundle Conditions: To qualify for an additional $50 cash bonus (the “Bundle Bonus”), you must meet all of the Package Bonus conditions above and during the Offer Period:

1. Open a new EligibleRegistered Account ; and

2. Set up a recurring pre-authorized contribution (PAC) from any Scotiabank personal bank account of at least $50 total per month in your new Eligible Registered Account, which must have recurred for a minimum of 3 consecutive months by May 31, 2024.

Eligibility and Exclusions: 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 the Package Bonus. “Scotiabank Chequing Account” means any of the following accounts: Ultimate Package, Preferred Package, 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. In order to qualify for the Bundle Bonus the individual cannot have held the same type of Eligible Registered Account (as that opened during the Offer Period) with either The Bank of Nova Scotia or Scotia Securities Inc. (together, “Scotiabank”) in the 6 months preceding the Offer Period. Employees of Scotiabank are also not eligible for the Package Bonus or Bundle Bonus.

General Terms:Provided all Package Bonus conditions outlined above have been met, the $350 Package Bonus will be deposited to the Eligible Chequing Account within approximately six (6) months from Account open date. The additional $50 Bundle Bonus will be deposited to your Eligible Registered Account on or around August 31, 2024 provided all Bundle Bonus conditions have been satisfied. For either cash bonus to be fulfilled, the Eligible Chequing Account and the Eligible Registered 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 any of the following conditions are not met: (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. For purposes of this Offer, an Eligible Registered Account is not in 'good standing' if the account holder is in breach of the Eligible Registered Account agreement.

This Offer is non-transferable and may not be duplicated. Limit of one (1) Package Bonus and one (1) Bundle Bonus per customer, regardless of the number of Eligible Chequing Accounts or Eligible Registered Accounts opened. If more than one (1) Eligible Chequing Account is opened, only the first Eligible Chequing Account opened will be eligible for the Package Bonus. If more than one (1) Eligible Registered Account is opened, only the first Eligible Registered Account opened will be eligible for the Bundle Bonus. For joint accounts, only one (1) $350 Package Bonus will be applied to the primary account holder’s Eligible Chequing Account and only one (1) $50 Bundle Bonus will be applied to the primary account holder’s Eligible Registered Account. All rates, fees, features and benefits are subject to change. This Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers, except the Scotiabank Registered Account Welcome Offer.