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[Scotiabank] Get up to $350 + premium VISA/Amex annual fee waived on Scotia new banking package

[OP]
Deal Addict
Jan 21, 2014
4219 posts
1919 upvotes

[Scotiabank] Get up to $350 + premium VISA/Amex annual fee waived on Scotia new banking package

Deal Link:
Expiry:
December 30, 2019
Retailer:
Scotiabank
More offers from Scotiabank
Not sure if this has been posted anywhere, but I noticed Scotia just came out with 2 chequing packages that look to be on par with other banks like TD, BMO and CIBC. i.e maintaining $5000 in the account, beside all the free perks with the banking, you can also get the annual fee of a premium CC waived, $4000 will get you the first year free only. Their conditions for getting the $300 or $350 bonus with new customer (or not having their chequing account for at least 2 years) are also easy to meet, except Scotia is famous for screwing up that you need to call and chase them for the bonus. I myself still have their account since the last $300 promotion, so I may up their minimum requirement to get their Passport Visa Infinite card
2019-09-16 (2).png

Here are the T&C for the CC fee waiver

If you open an Ultimate Package account (the “Account”), on or after the date you open the Account (“Account Open Date”) you will receive an annual fee waiver (“Annual Fee Waiver”), each year for as long as you have one eligible Scotiabank Credit Card account (an “Eligible Card”) and the Account.
You will receive the Annual Fee Waiver, even if you opened an Eligible Card prior to the Account Open Date.
Eligible Cards are the Scotiabank Gold American Express, Scotiabank Passport™ Visa Infinite*, Scotia Momentum® Visa Infinite and Scotiabank Value® Visa* credit cards. Eligible Cards are subject to change.
Each Account will only receive one Annual Fee Waiver regardless of the number of accountholders on the Account or Eligible Cards opened.
The Annual Fee Waiver will be applied to the first annual fee for a primary Card charged on an Eligible Card after the Account Open Date.
If there is more than one Eligible Card after the Account Open Date, the Annual Fee Waiver will be applied only to the first annual fee for a primary card that is charged on an Eligible Card after the Account Open Date.
All other fees and charges applicable to the Eligible Card continue to apply.
Annual Fee Waiver will not be applied if your Account or Eligible Card is not open or is not in good standing and cannot be combined with any other annual fee waiver offer. Current annual fees, rates and other features for Eligible Cards are subject to change.
Last edited by mkl38s on Sep 17th, 2019 7:13 am, edited 1 time in total.
569 replies
Newbie
Nov 26, 2014
73 posts
102 upvotes
Calgary, AB
If Scotia allows product switching you could potentially get:
$350 - Account
$300 - Scotia Amex(FYF)
$250 - PS to Scotia Passport VI(FYF) + 6 Priority Pass visits + Great Insurance + No FX Fees

Not bad at all, for $2k minimum spend and 3 months of locking up $5k.
Last edited by asbraich on Sep 16th, 2019 8:36 am, edited 1 time in total.
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User avatar
Jan 6, 2002
5427 posts
5494 upvotes
Toronto
Too bad Scotiabank is gonna Scotiabank, though. :/
A glass of wine with you, sir, and the ladies I'll enjoy.
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Newbie
Aug 4, 2018
10 posts
40 upvotes
All, there’s a reason they are providing this lucrative offer. Scotiabank is AWFUL. Resist the temptation and steer clear! Do your own due diligence and find out what it’s like to be a customer of theirs.
Deal Addict
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Jan 27, 2014
4574 posts
1669 upvotes
Scotiabank supports their own corruption in Mexico. Check out the CBC documentary. And their response by their PR woman was dreadful and disgusting.
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Nov 18, 2008
6783 posts
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Mont-Royal
no more Scenes rewards program on checking?
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Newbie
Aug 31, 2019
7 posts
4 upvotes
So after 3 months we can withdraw all the money out and close the account? Or do you know if we can withdraw all the money out and leave the account there without being charge for monthly fee?
Newbie
Dec 2, 2012
86 posts
131 upvotes
Mississauga, ON
L4cky wrote:
Sep 16th, 2019 9:11 am
no more Scenes rewards program on checking?
It says right above the packages, "All of our accounts come with your choice of SCENE or Scotia Rewards"
[OP]
Deal Addict
Jan 21, 2014
4219 posts
1919 upvotes
Gamezfreak wrote:
Sep 16th, 2019 9:14 am
So after 3 months we can withdraw all the money out and close the account? Or do you know if we can withdraw all the money out and leave the account there without being charge for monthly fee?
You need to keep the minimum balance $4K or $5K depending on which package and there will be no charge. I did their $300 promotion last year (from their invitation) and got $300 no issue (I was the lucky one, no need to call or chase after the bonus). I kept the account with $4K minimum till now. No charge on monthly fee
Sr. Member
Mar 25, 2009
796 posts
322 upvotes
Toronto
ar2020 wrote:
Sep 16th, 2019 8:53 am
Scotiabank supports their own corruption in Mexico. Check out the CBC documentary. And their response by their PR woman was dreadful and disgusting.
link please?
Member
Nov 12, 2017
384 posts
274 upvotes
asbraich wrote:
Sep 16th, 2019 8:32 am
If Scotia allows product switching you could potentially get:
$350 - Account
$300 - Scotia Amex(FYF)
$250 - PS to Scotia Passport VI(FYF) + 6 Priority Pass visits + Great Insurance + No FX Fees

Not bad at all, for $2k minimum spend and 3 months of locking up $5k.
But mind, you won't be able to get the CC bonus points if you've previously had a Scotiabank card within the last two years. The only benefit will be FYF
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Apr 19, 2005
8914 posts
429 upvotes
Toronto
There is hard pull for chequing account open? thanks
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Newbie
Dec 5, 2012
78 posts
70 upvotes
ETOBICOKE
This is fantastic. Thanks OP.

Just opened one

My passport card was up for renewal in 2 months, so I will save $140 on that + 350 bonus. Thats $490
Newbie
Aug 26, 2018
21 posts
17 upvotes
FWIW I did the promo in May for opening a chequeing account and got my $300 deposited without any hassle last week. I also went under 4k once, just had to call and they waived the fee for me. I went in on Friday and withdrew all my cash and closed the account without any problems either

Seems I've gotta wait 2 years though to be eligible for another promo from scotia though
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Apr 24, 2017
4471 posts
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This (Scotiabank Ultimate Package) is the best package among Canadian Big Five. I’m going to set up an appointment today and switch from TD.

Thanks OP.
💳 Amex Cobalt - Amex Personal / Business Platinum - Scotia Momentum Visa Infinite - Rogers WE

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