Scotiabank Preferred Package
Scotiabank
N/A
Earn up to $700 when you open a new Preferred Package and complete qualifying transactions.
CA$16.95
CA$4,000 daily balance to waive monthly fee
Unlimited debit and Interac e-Transfer transactions
What sets this account apart is the first-year fee waiver on select credit cards and the ability to save on account fees by maintaining a minimum balance. This package provides significant value for those who can meet the balance requirement.
Pros:
- First year fee waiver
- Unlimited transactions
Cons:
- Monthly fee if balance is not maintained
- No interest paid
In summary, the Scotiabank Preferred Package is an ideal choice for customers who can maintain the minimum balance to take advantage of the fee waivers and substantial welcome bonus, making it a valuable option for those seeking to optimize their banking experience. However, potential users should consider the monthly fee and lack of interest on deposits when evaluating its overall suitability.