Scotiabank Basic Banking Account

Estimated monthly cost

Monthly fee
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Based on your monthly transactions, our tool estimates the fees you'll be charged in addition to the monthly fee, if applicable. Additional fees
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No rebate available Rebates
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The total estimated monthly cost is the account's monthly fee, plus any transaction fees, minus any rebates you may qualify for. For a detailed explanation, see the Fee calculator tab.
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Features
Fee calculator

Monthly transactions by type


Monthly costs
Monthly fee
Additional transaction fees
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 Transactions Cost
Debit purchases or transfers $1.25
Bill payments $1.25
Interac e-Transfers $1.25
ATM withdrawals $1.25
Cheques written $1.25
Teller assisted transactions $1.25
Total additional fees
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Rebates
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No rebate available Minimum monthly balance rebate
Total estimated cost
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Rebates
  • No rebate available

Account details

Account type: Senior
Provider: Scotiabank

Fees & interest

Monthly fee:
Purchase interest rate: % Interest rate tiers
If balance is Rate
Additional transactions: $1.25
In-person transactions: $1.25
Interac e-Transfer: $1.25
US ATM fee: $4.00
One-time membership fee: n/a
Annual membership fee: n/a

Eligibility

Applicant must be age 60 or over to qualify for the senior rate

Promotions

Choose the Scotiabank rewards program that best suits you.
  • SCENE Rewards1
  • Scotia Rewards1
  • Monthly Account Fee: $3.95/month
  • Seniors Fee (age 60+): none
  • 12 transactions2 every month including up to 4 teller-assisted transactions3
  • 25 transactions every month2 - including self-serve and teller transactions
  • 2 Free Interac e-Transfers per month4/sup>
1To qualify for the 5,000 SCENE points or 5,000 Scotia Rewards points (the “Offer”), you must
  • (1) open a new Scotia One™ Account, Basic Banking Account, Basic Banking Plan, Student Banking Advantage Plan, or Getting There Savings Account for Youth (an "Eligible Account") with a SCENE ScotiaCard or Passport ScotiaCard, respectively, by April 30, 2019, and
  • (2) set up your payroll so that it is deposited into your Eligible Account or set up a minimum of 2 separate recurring pre-authorized transactions (“PATs”) for a minimum of $25 per transaction for twelve (12) consecutive months.
Terms and Conditions

Your first payroll deposit or recurring PATs must be deposited or credited in the Eligible Account within 60 days of account opening. The Eligible Account must be open and in good standing until the time of payout. 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 (3) consecutive months. If you are not already a SCENE member, you will need to open a SCENE membership account and then connect it to your SCENE ScotiaCard. If the Eligible Account is opened with a SCENE ScotiaCard, the bonus SCENE points will appear as an adjustment on your SCENE membership account within 3 statement cycles after Eligible Account opening. If the Eligible Account is opened with a Passport ScotiaCard, the bonus Scotia Rewards points will appear as an adjustment on your Scotia Rewards account within 3 statement cycles after Eligible Account opening. 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. For joint accounts, if at the time of payout of the bonus points both joint account holders have either a SCENE ScotiaCard or Passport ScotiaCard, points will be split equally, otherwise points will be awarded to the primary account holder. This Offer is non-transferable; maximum one Offer per customer. All rates, fees, features and benefits are subject to change. Offers may change, be extended and cannot be combined with any other offers.