Scotiabank Scotiabank: Get $350 When You Open a Scotiabank Banking Account Get $350 with New Scotiabank Chequing Accounts!

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Get a little extra money by switching to Scotiabank, where you'll earn a $350 .00 welcome bonus when you open a new Scotiabank Chequing Account.

This offer is only available to new or eligible customers who open a Scotiabank Preferred Package or Scotiabank Ultimate Package. Simply enroll in either account before April 30, then complete any two of the following within 60 days to qualify for the $350.00 bonus:

  • Make at least one online bill payment of $50.00 or more through the Scotiabank Mobile app or Scotia OnLine
  • Set up and clear at least one automated and recurring direct deposit, for a minimum of three consecutive months
  • Set up and clear at least two separate recurring pre-authorized transactions of at least $50.00, for a minimum of three consecutive months

Once complete, the $350.00 bonus will be deposited into your account within six months.

This offer is available to new or eligible Scotiabank customers until April 30 – click the Terms and Conditions tab on the promo page footer to view the complete terms for this offer.

Showing 17 Most Recent Comments

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  • deltatux
    • I’m seriously considering switching my banking to CIBC as I’m currently with TD All inclusive banking package and have the TD Aeroplan VIP card. At CIBC, they give a rebate for partial amount of the AF on the Aeroplan privilege card and also have a lower fee for the secondary card holder. Plus their minimum required balance to avoid the monthly bank fee is lower at $4,000. Am I missing anything in this analysis?
      CIBC allows you to waive the fee if you have $100k in savings & investments with them so it really depends on your situation, the CIBC offer might not be bad. TD doesn't have the option to waive the fees based on investments.
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  • Jagstyles
    • I’m seriously considering switching my banking to CIBC as I’m currently with TD All inclusive banking package and have the TD Aeroplan VIP card. At CIBC, they give a rebate for partial amount of the AF on the Aeroplan privilege card and also have a lower fee for the secondary card holder. Plus their minimum required balance to avoid the monthly bank fee is lower at $4,000. Am I missing anything in this analysis?
    • Report Post
  • callernamet
    • Thank you! So CIBC deal looks better?
      looks like.
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  • BatmoBeal
    • Most of the sign up offers require direct deposit setup, is there way to do transactions if one doesn’t get salary or benefits from the government? Would insurance claims work?
      I wonder if any direct deposit would work... I have some money on Paypal and when I withdraw it, it shows as direct deposit in my statement
    • Report Post
  • Kiraly
    • If you live in BC, Coast Capital Credit Union has the best chequing account welcome offer right now IMO, $350 welcome bonus to open a free chequing account (no monthly fee, no minimum balance). Set up a payroll and make 15 everyday transactions (including ATM withdrawals and e-transfers). There's another $50 bonus if you also set up a mutual fund account and contribute at least $50. No decent HISA offer at the moment.
      https://www.coastcapitalsavings.com/pro ... itch-offer
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  • oceans_end
    • Most of the sign up offers require direct deposit setup, is there way to do transactions if one doesn’t get salary or benefits from the government? Would insurance claims work?
    • Report Post
  • scoper
    • What about Simplii? They have silghtly better deal than Tangerine but not many ppl talk about this bank owned by CIBC
      I bank with them and recommend them.
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  • BatmoBeal
    • Tangerine is owned by Scotia and they have a slightly better offer. Scotia is notorious for failing to pay promised bonuses. The most dependable among the top 5 for bonuses is BMO in my experience.
      What about Simplii? They have silghtly better deal than Tangerine but not many ppl talk about this bank owned by CIBC
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  • BatmoBeal
    • Also to note, for you to make the $100, you'd have to get the 2.75% rate for a full year and deposit at least $66,667 in the account (compared to 2.6%).

      You'd make more money in a GIC over a year, and then take the $400 from CIBC at the same time.
      Thank you so much! I prefer HISA because interest rate probably going up another 1-2% this year, GIC would lock the interest rate so it seems not as good as HISA
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  • BatmoBeal
  • BatmoBeal
    • Last time Scotiabank offer special rate with their HISA they had some complicated way of calculating it. So make sure you read all the * and details because at the end, you may not get 2.75%
      Thx for the heads up
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  • dyalect
    • Interest rates going up so expect many more of these deals coming down the pipe. Read the terms.
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  • scoper
    • Tangerine is owned by Scotia and they have a slightly better offer. Scotia is notorious for failing to pay promised bonuses. The most dependable among the top 5 for bonuses is BMO in my experience.
    • Report Post
  • MattyMattMatt
    • I've always found that the conditions for getting the bonuses and not having to pay their fees, to be a bit arbitrary and crazy.
    • Report Post
  • xgbsSS
  • Kneader
    • Also to note, for you to make the $100, you'd have to get the 2.75% rate for a full year and deposit at least $66,667 in the account (compared to 2.6%).

      You'd make more money in a GIC over a year, and then take the $400 from CIBC at the same time.
    • Report Post
  • mkl38s
    • Last time Scotiabank offer special rate with their HISA they had some complicated way of calculating it. So make sure you read all the * and details because at the end, you may not get 2.75%
    • Report Post

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