Scotiabank Bonuses: $350 Chequing Promotion (Canada)

Find the latest Scotiabank bonuses, promotions, and offers here.

Currently, Scotiabank is offering $350 bonuses when you open a qualifying account and meet all the requirements.

Scotiabank Bonuses Review

A Canadian-headquartered bank with focus on high-quality growth markets in the Americas. They are a top-five universal bank in each of their core markets, and a top-15 wholesale bank in the U.S., delivering superior advice and services to help their customers get ahead.

I’ll go over the Scotiabank bonuses & offers below.

Scotiabank $350 Chequing Bonus

Earn a $350 bonus when you open qualifying chequing account and meeting certain requirements.

• What you’ll get: $350 Bonus
• Eligible account: Checking
• Availability: Canada (Locator)
• Credit Inquiry: Hard Pull or Soft Pull? Let us know.
• Direct Deposit Required: Yes
• Monthly Fees: $16.95-$30.95; waivable
• How to earn it:
  • To qualify for the $350 bonus, after you open an eligible Ultimate Package or Preferred Package account, you must next complete any 2 of the following activities within 60 days of opening your account:
    • Make an eligible $50 bill payment through online or mobile banking.
    • Set up and clear a minimum of 2 separate eligible recurring, pre-authorized transactions of least $50 in value per transaction. Each transaction must also recur for at least 3 consecutive months to qualify.
    • Set up and clear at least one eligible automated and recurring direct deposit, such as payroll or pension. The direct deposit you set up must also recur for at least 3 consecutive months to qualify.

(Expires 07/31/2023)

Fine Print

• The $350 cash bonus for Preferred Package or $350 cash bonus for Ultimate Package 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.
• These Offers are 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.
• Offers may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers.

How To Waive Monthly Fee

• Ultimate Package: $0 or $30.95/month. No monthly account fee by maintaining a minimum daily closing balance of $5,000 in your Ultimate Package, or a combined balance of $30,000 across your Ultimate Package and your MomentumPLUS Savings Account.
• Preferred Package: $0 or $16.95/month. No monthly account fee by maintaining a minimum daily closing balance of $4,000 for the entire month.
• Basic Plus Bank Account: $0 or $11.95/month. No monthly account fee by maintaining a minimum daily closing balance of $3,000 for the entire month.

Conclusion

If you live near a Scotiabank location, you have the opportunity to earn a generous bonuses. To earn these bonuses, simply open the eligible accounts and follow the procedures and the bonuses should be in your hands!

Although these bank promotions are rather generous, you can also utilize our list of Savings, Money Market, and CD rates.

• Best Savings/Money Market rates
• Best CD Account rates

If you are not eligible for these promotions, use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank, and many more.

Check back often for more Scotiabank Bonuses, Promotions, or Offers!