Scotiabank Preferred Package 2026 Review

Monthly Fee
CA$16.95
Welcome Bonus
Up to CA$1,000
Apply Now →on Scotiabank's website
Transaction limit:1 free non-Scotiabank Interac ABM cash withdrawal per month
Minimum Deposit:CA$4,000 to waive monthly fee

Annual Percentage Yield (APY):

N/A

Welcome Bonus: Up to CA$1,000

Eligible new clients can earn the bonus by completing specific qualifying actions.

Monthly Fee:

CA$16.95

Minimum Deposit:

CA$4,000 to waive monthly fee

Transaction Limits:

1 free non-Scotiabank Interac ABM cash withdrawal per month

This account shines for its extensive features and the ability to waive the monthly fee by maintaining a minimum balance. It is particularly beneficial for clients who can meet the balance requirement, offering a range of banking services.

Pros:

  • Comprehensive features
  • Waivable monthly fee

Cons:

  • High minimum balance requirement
learn more about this bank account on Scotiabank's website →

In conclusion, the Scotiabank Preferred Package is an excellent choice for individuals who can maintain the required minimum balance, as it offers a comprehensive suite of banking features while allowing for the potential to waive the monthly fee. With a substantial welcome bonus and tailored services, it suits those looking for a robust banking solution without the burden of interest rates.

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