The gift: $300 cash when you open a new Scotiabank Preferred or Ultimate Package
  • Deadline for account Sign Up: January 28, 2021

  • The ask: Open a new Preferred Package account or an Ultimate Package Account

  • You can’t have had a Scotiabank chequing account within the past 2 years otherwise you’re not eligible

  • Then within 60 days of opening your new account you pick TWO of the THREE below:

  • 1) Set up an eligible recurring direct deposit, which will recur on a monthly basis for a minimum of 3 months

  • 2) Have two eligible separate recurring pre-authorized transactions that are $50 or more, and these have to occur for 3 months or more

  • 3) Complete an eligible $50 bill payment made through online or mobile banking

  • After you do these steps, within 60 days, you will get $300 cash

  • The Preferred Package monthly account fee of $15.95 a month is waived if you have a minimum balance of $4000 a month. More information here on the Scotiabank new bank account promo

  • Also, if you are a Newcomer to Canada, you can sign up for the StartRight Program from Scotiabank and get Preferred Package fees waived for your first year ($191 value). More information on that here.

  • You also get first year annual fee waiver on select credit cards (up to $139)

  • We have the Scotiabank Preferred Package, here’s my review.

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