Scotiabank Preferred Package 2026 Review

Interest Rate
0.00% interest rate
Monthly Fee
CA$16.95
Welcome Bonus
$700 cash bonus
Apply Now →on Scotiabank's website
Transaction limit:Unlimited transactions
Minimum Deposit:CA$4,000 to waive monthly fee

Interest Rate:

0.00% interest rate

Welcome Bonus: $700 cash bonus

Earn up to a $700 cash bonus with a new Scotiabank Ultimate or Preferred Package by meeting specific requirements.

Monthly Fee:

CA$16.95

Minimum Deposit:

CA$4,000 to waive monthly fee

Transaction Limits:

Unlimited transactions

This account shines for its combination of unlimited transactions and a generous cash bonus for new customers. The low monthly fee, which can be waived with a minimum balance, makes it a solid choice for those looking for everyday banking without excessive costs.

Pros:

  • Unlimited transactions
  • Cash bonus available

Cons:

  • Monthly fee if balance is not maintained
learn more about this bank account on Scotiabank's website →

In summary, the Scotiabank Preferred Package is ideal for individuals seeking a cost-effective banking solution that offers unlimited transactions and a substantial cash bonus, making it particularly attractive for those who can maintain the minimum balance to waive the monthly fee. Its features cater well to everyday banking needs while minimizing expenses.

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