Terms & Conditions

• ‡Scotiabank StartRight^® Program is available only for Canadian Permanent Residents from 0-3 years in Canada and Foreign Workers.
• *Value of up to $1,250 in welcome bonuses, savings and benefits is calculated as follows: i) up to $600 first year value with the StartRight Program + ii) Up to $650 in Preferred Package and Scotia Momentum Visa Infinite welcome offer value:
  1. Value of up to $600 is an annual potential value for the first year based on the following benefits and savings available to StartRight customers as of March 1^st 2022:
     • $203.40 in account fee savings for a Preferred Package chequing account ($16.95 monthly account fee waived for first 12 months);
     • $240 in fee savings when compared to in-branch Swift Wire Transfers (assumes an annual average of 6 in-branch Swift Wire Transfers at $40 per transfer);
     • $99.90 in fee savings for 10 free equity trades with iTRADE (10 free equity trades per year at $9.99/trade); and
     • $60 annual fee waiver for safety deposit box (equivalent of a free small safety deposit box).
     Actual value will depend on individual usage of the StartRight Program features and products. Conditions apply. All products and features are subject to change.
  2. Value of up to $650 in Scotiabank welcome offers includes the following offers as of March 1^st, 2022:
     • $300 cash offer for new Preferred Package customers. Conditions apply.⁵
     • $370 value for new Scotia Momentum Visa Infinite customers is based on a first year annual fee waiver of $120 for the primary card, $50 for one supplementary card, and a potential cash back earning of at least $200 during the Offer period assuming a minimum spend of $2,000 (i.e., Cash Back Bonus Rate of 9% x $2,000 = $180 + the lowest possible Regular Cash Back Earn Rate under the Program of 1% x $2,000 = $20). Actual value will vary based on number of supplementary cards issued for the Account and individual category spend in the first 3 months. See full Offer terms and conditions below.⁹
• 1.To qualify for the 1-Year No Monthly Account Fee Offer (the “Offer”) is available to eligible clients who open a new Preferred Package account under the StartRight^® Program (the “Account”). Employees of The Bank of Nova Scotia (“Scotiabank”) and individuals who are currently or were previously holders/ joint holders of a Scotiabank chequing account within the last 2 years are not eligible for this Offer. If you are eligible for the Offer, during the first 12 months, your monthly Account fee will be waived and will not appear as a charge on your Account. The Account must be open and in good standing at the time of the waiver. All applicable service charges on the Account will continue to be applied monthly. After the first 12 months, you will begin to see the monthly Account fee charged to your Account unless you maintain a minimum daily closing balance of $4,000, in which case the monthly Account fee will be waived per the Account terms and conditions. This Offer is non-transferable and cannot be combined with any other offers. Maximum one Offer per customer. All rates, fees, features and benefits are subject to change. Offer may be changed, cancelled, or extended at any time without notice.
• 2.For customers onboarded as a part of the Scotiabank StartRight^® Program we do not charge a service fee for the transfer, however, foreign currency exchange rates apply. A transfer needs to be made from an eligible Scotiabank Chequing or Savings account. Subject to daily limits and additional terms and conditions as set out in the Scotiabank International Money Transfer Agreement found at www.scotiabank.com/international-money-transfer.
• 3.Subject to availability and signing the Safety Deposit Box lease. Upon activation, the lessor will receive a $60.00 fee waiver (value of a small safety deposit box) applied for the first year. Limit of one (1) first year waiver per client.
• 4.Conditions apply. Offer valid for new Scotia iTRADE^® accounts, excluding Cash Optimizer Investment accounts, opened by new Scotia iTRADE clients who do not already have an existing account with Scotia iTRADE. If you open one or more NEW Scotia iTRADE account(s) (each, a "New Account") and fund the New Account(s) within 60 days of opening the New Account(s) with at least CAD $1,000 in cash or in Net Equity (cheque deposit, electronic funds transfer or transfer of assets) ("Minimum Amount"), from an account that is not held at Scotia iTRADE, (1) the commissions associated with the first 10 online commissionable trades of Equities, Options and ETFs placed within 365 days of the date when you funded your New Account(s) with the Minimum Amount will be credited back to the corresponding New Account within 30 days of each order fill, to a maximum amount of $9.99 per trade in the currency of the account (maximum total commission rebate of $99.90), (2) the amount of the transfer-in fee charged by another Canadian broker will be credited to your New Account (up to $150 per client) subject to Scotia iTRADE's receipt of the documentation evidencing such transfer-in fee. Scotia iTRADE reserves the right to charge you all or part of the commissions associated with the first 10 online trades completed within 365 days of funding your New Account(s) (when such commissions were previously credited back to your New Account(s)) if the conditions of the offer are not complied with. Scotia iTRADE reserves the right to modify and/or cancel this offer at any time without notice in its sole discretion. Clients must enter the promotional code SRPE15 (English) or SRPF15 (French) when submitting the New Account application to qualify. To qualify for this offer, you must satisfy Scotia iTRADE's Canadian residency requirements, have a valid Social Insurance Number, be eligible to open a Scotia iTRADE account, maintain all of your accounts at Scotia iTRADE in good standing, not be in a disallowed debit position and not have any outstanding margin calls due. This offer has no cash redemption value. This offer cannot be transferred or combined with any other promotional offer (excluding Refer-a-Friend). Limited to one offer per client. In case of joint account only one account holder will be entitled to receive free equity trades.
• 5.$300 Cash Offer Conditions: To qualify for the $300 cash offer, you must:
  1. Open a new Preferred Package (the “Eligible Account”) by September 30, 2022; and
  2. Complete any two (2) of the following activities in your Eligible Account within 60 days of Eligible Account opening:
     • Make at least one (1) eligible online bill payment^† of at least $50 through the Scotiabank Mobile App or through Scotia OnLine, 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
     • 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.
  ^† Visit www.scotiabank.com/qualifyingactivities for 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 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 and Exclusions: Individuals who are currently holders of a Scotiabank Chequing Account are not eligible for the Offer. Individuals who 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, 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 $300 cash bonus will be deposited to the Eligible Account within six (6) months from 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 cash 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. This Offer is non-transferable and may not be duplicated. Limit of one (1) Offer 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. For joint accounts, only one (1) cash bonus Offer will be applied to the primary account holder’s Eligible Account. All rates, fees, features and benefits are subject to change. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.
• 6.Additional fees apply for shared ABM services, cross-border debit transactions and other banking services not included in the chequing account package. Fees may initially be charged for Interac e-Transfer transactions in excess of 99 in a month but will be reversed in the subsequent month. For accounts that do not provide unlimited debit transactions, a charge for additional debit transactions may apply if you perform an Interac e-Transfer transaction over and above the number of debit transactions allowed in the account.
• 7.The Preferred Package account includes 1 free non-Scotiabank Interac ABM cash withdrawal within Canada per month. Access fee for each subsequent cash withdrawal at non-Scotiabank Interac ABMs will be charged $2.00 per withdrawal. Each cash withdrawal from non-Scotiabank Visa^** or PLUS^** ABMs will be charged $3.00 in Canada and the U.S. and $5.00 outside of Canada and the U.S. Account holders may still be charged a convenience fee by the other bank and ABM operator, not by Scotiabank.
• 8.Scene+ ScotiaCard^® debit card: Earn 1 Scene+ Point for every $5 on debit purchases (up to a maximum of 300 points per transaction and 600 points per day) made from an eligible Scotiabank chequing or savings account using your Scene+ ScotiaCard debit card linked to a Scene+ membership, including Interac Debit contactless and Visa Debit transactions. Normal Interac Debit contactless transaction limits apply. Scene+ Points accumulated using your Scene+ ScotiaCard debit card will be updated within 2-3 days to the associated Scene+ account. Scene+ points are calculated on debit card purchases, less any refunds, returns, or other similar credits. Other conditions apply. Visit www.scotiabank.com/sceneplusrewards for full terms and conditions.
• 9.Offer Description and Conditions: The 10% Cash Back, and First Year Annual Fee Waiver (the “Offer”) applies only to new Scotia Momentum Visa Infinite credit card accounts (“Accounts”) that are opened, and any supplementary Account cards issued, by May 1, 2022 subject to the conditions below. We will waive the initial annual fee for the primary card and each additional supplementary card on the Account for the first year only. All other terms and conditions of the Program Terms continue to apply during the Offer period. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.
  10% Cash Back Offer Description and Conditions: You will earn 10% cash back on the first $2,000 in eligible purchases you spend on your new Account within the first 3 months of the Account open date (the “Promotional Period”). Eligible purchases include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers, Scotia^® Credit Card Cheques or cash-like transactions), interest, fees or other charges. After the Promotional Period, you will earn regular cash back on eligible purchases at the regular cash back rate (the “Cash Back Program Rate”) described in the Scotia Momentum Visa Infinite Cash Back Program Terms and Conditions (the “Program Terms”). The 10% cash back rate for any category is made up of the sum of: (i) the regular Cash Back Program Rate (variable by categories as set out under the Program Terms); and (ii) a “Cash Back Bonus Rate”.
  Cash back earned under this Offer will be credited to your Account in 2 instalments so long as your Account is open and in good standing at time of payout of each:
  1. Bonus Cash Back: The amount earned under the Cash Back Bonus Rate will be credited to your Account within 7 months from the Account open date; and
  2. Regular Cash Back: The amount earned under your regular Cash Back Program Rate will be credited to your Account according to the regular cash back payment schedule as set out under the Program Terms.
  The Account is considered in good standing if it is not past due or over limit and the Cardholder(s) is not in breach of the Revolving Credit Agreement that applies to the Account.
  EXAMPLE: If the Regular Cash Back Program Rate for the Groceries and Recurring Payments category is 4% then the Cash Back Bonus Rate will be 6% for that category so that you will earn a total of 10% on the amount of all eligible everyday purchases in that category during the Promotional Period. If you make $2,000 in eligible everyday purchases in the Groceries and Recurring Payments category, your cash back earnings will be credited to your Account as follows:
  (1) the Cash Back Bonus earnings of $120 (6% x $2,000) (which will not be tracked on your monthly statements), will be credited to your Account within 7 months from the Account open date, and (2) the Regular Cash Back earnings of $80 (4% x $2,000) (which will be tracked on your monthly statements), will be credited to your Account as per the regular cash back payment schedule (i.e., November).
  Annual Fee Waiver Offer Description and Conditions: We will waive the initial annual fee for the primary card and each additional supplementary card on the Account for the first year only.
  Eligibility and Exclusions: Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank retail credit card in the past 2 years, including those that switch from an existing Scotiabank retail credit card, as well as employees of Scotiabank, are not eligible for the Offer. Subject to the above exclusions, Scotiabank small business credit cardholders are eligible for the Offer.
  Rates and Fees: The current annual fee is $120 for the primary card and $50 for each additional supplementary card. The current preferred annual interest rates for the Account are: 20.99% on purchases and 22.99% on cash advances (including balance transfers, Scotia^® Credit Card Cheques and cash-like transactions). All rates, fees, features and benefits are subject to change.
• 10.You will earn 4% Cash Back on the first $25,000 you spend annually on purchases on the Account at merchants classified in the Visa Inc. (Visa) network as Grocery Stores & Supermarkets (Merchant Code 5411) and Recurring Bill Payments. Recurring Bill Payments are defined as payments made on a monthly or regular basis automatically billed by the merchant to your Scotia Momentum^® Visa Infinite** Card. Not all merchants offer recurring bill payments. (Please check with your merchant to see if they offer recurring bill payments on Visa cards.) Some merchants may sell these products/services or are separate merchants who are located on the premises of these merchants, but are classified by Visa in another manner, in which case this added benefit would not apply.
  You will earn 2% Cash Back on the first $25,000 you spend annually on purchases made at merchants classified under the Visa network in the categories of Gas (includes Service Stations (with or without Ancillary services), and Automated Fuel Dispensers & Electric Vehicle Charging) (Merchant Codes 5541, 5542, 5552) and Daily Transit (including Local and Suburban Commuter Passenger Transportation, including Ferries, Passenger Railways, Taxicabs and Limousines, Bus Lines, Transportation Services (Not Elsewhere Classified) (Merchant Codes 4111, 4112, 4121, 4131, 4789).
  You will earn 1% cash back on purchases made after you have reached the 4% and 2% $25,000 annual spend maximum ('overflow') and on all other eligible purchases made with the Card.
  All Merchant Category Codes are subject to change. Purchase returns, payments, cash advances, Scotia^® Credit Card Cheques, credit vouchers, card fees, interest charges or service/transaction charges do not qualify for Scotia Momentum^® cash back.
• 11.Awarded a total of 8 awards and 18 recognitions for cash back cards in 2021 by major Canadian financial comparison websites and financial blogs. Based on a comparison to other consumer cash back cards offered by Canadian Schedule I Banks as of September 24, 2021.
• 12.Subject to credit approval. To be eligible, you must be a participant in the Scotiabank StartRight Program. To qualify for a credit card, you must be a resident of Canada and the age of majority in your province/territory where you live. Your approval for a credit card and the credit limit assigned will be determined based on Scotiabank’s credit criteria, including your verifiable income and credit history (if available). The credit limit amount of up to $15,000 under the Scotiabank StartRight Program is subject to change by Scotiabank from time to time without prior notice. A credit history in Canada is not required in order to be eligible for a credit card under the Scotiabank StartRight Program.
• 13.Available toward the retail purchase or lease of eligible new Chevrolet, Buick, GMC and Cadillac vehicles (excluding: 2021 Camaro A1Z, Corvette, Spark; 2022 Camaro A1Z, Corvette, CT4 1SP, CT5 1SV, Silverado 3LT, Sierra 4SG, Spark) purchased by January 3, 2023. Bonus available only once to each eligible individual for a single vehicle purchase/lease and is deducted after taxes are applied. Valid Canadian driver's license and proof of a valid Permanent Residents Card (or Temporary Foreign Worker status) is required. Permanent Residents are eligible if their arrival date to Canada was in 2019 or later. Temporary Foreign Worker status must be valid at the time of purchase. Bonus may not be redeemed for cash or combined with certain other offers. Dealer may sell/lease for less; see dealer for details. General Motors of Canada Company reserves the right to amend, modify or terminate this program, in whole or in part, at any time without prior notice.
• ®Registered trademarks of The Bank of Nova Scotia.
• ™Registered trademark of Scene IP LP, used under license.
• §Interac is a registered trade-mark of Interac Corp. Used under licence.
• **Visa Int./Licensed User.
• Scotia iTRADE ^® (Order-Execution Only Accounts) is a division of Scotia Capital Inc. (“SCI”). SCI is a member of the Investment Industry Regulatory Organization of Canada and the Canadian Investor Protection Fund. Scotia iTRADE does not provide investment advice or recommendations and investors are responsible for their own investment decisions. ^® Registered trademark of The Bank of Nova Scotia, used under license.