Expired Hot Deals

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

Newbie
Dec 5, 2012
89 posts
89 upvotes
ETOBICOKE
Since everyone is always talking about PAD, i am confused.

I have paid my CC bill plenty of times and have biweekly payroll deposit. I don't need to worry about PAD right? because i meet two conditions
Sr. Member
User avatar
May 2, 2017
752 posts
1379 upvotes
chinook79 wrote: I'm more interested in 3.1% interest rate.. how long do Scotia keep the rate for usually? It says limited time, but doesn't say when the rates expire.. I am looking for a place to park $200k+..
1% bonus only till January, then goes down to 1% base + 1% premium
Sr. Member
Nov 28, 2011
926 posts
705 upvotes
Toronto
Seanne wrote: Could you elaborate on this? Do we get the bonus signups with a product switch?
That's a great question that i didn't ask my advisor See-no-evil Monkey.
The wording on welcome bonuses suggests that if you've been a credit card customer over the past 2 years, you are not eligible for the bonuses. However, at least 2 RFDers indicated that the language was meant to be specific to a card product (if you've held a momentum infinite in the past two years, you are not eligible for the momentum infinite welcome bonus if you sign up today).
Two RFDers mentioned that they were going to go through with signing up new card products and see if they get the welcome bonus, despite having held another Scotia CC in the past 2 years.

If someone else is aware, would love to hear more :)
Member
Apr 13, 2016
456 posts
284 upvotes
Seanne wrote: A data point.
Misc90 wrote: If you get an annual fee waiver on a card but cancel the ultimate package which you used to get the fee waiver, you continue to keep the card at no charge until the next annual fee is due.

If I misunderstood your question I apologize but I think that's what you were asking.
this is confirmed?

thanks by the way
Deal Addict
Jun 1, 2008
2002 posts
457 upvotes
Toronto
headleygrange wrote: I'll keep my TD loc and use that as checking account by having positive balance.
Makes sense, but we have a line of credit tied to our home, as well as unsecured lines of credit. You can't transfer a secured loc easily, without all kinds of fees. Also, I have no real issues with TD. They seem similar to Scotia or CIBC. RBC would be great, but they don't have a comparable way of waiving credit card fees. Otherwise, no complaints with them. Tangerine is owned by Scotia and I personally have become less than happy with them.
Deal Addict
Oct 8, 2015
1154 posts
996 upvotes
Any tried to pay Canadian credit card through CTFS website and succeeded, like coast capital’s request?
Deal Addict
Apr 13, 2017
1282 posts
523 upvotes
Scotia interac e transfer requires you to key the security question and answer every time. I wish they saved these in the contact details, like TD.
Member
May 12, 2006
303 posts
166 upvotes
ON
Wouldn't you be better off keeping that 4-5k in an investment instead?
Member
Feb 8, 2017
283 posts
149 upvotes
Canuck485 wrote: Wouldn't you be better off keeping that 4-5k in an investment instead?
That's my problem with all these banking deals. The 4-5 K min balance to waive fees is forever. You save money every year but you effectively give the money up forever.

At least when you invest you can actually use it one day. The min balances keep going up as well. I remember my CIBC account years ago being min 1 K.
Deal Addict
Apr 13, 2017
1282 posts
523 upvotes
Does Scotia still issue the old non-Visa interac debit cards anymore?

Edit: Found answer. Scotia does not allow interac online anymore. http://interac.ca/en/interac-online-consumer.html



With TD, I still have the old debit card , which allows interac online transactions such as CRA payments.
Last edited by headleygrange on Oct 21st, 2019 3:31 pm, edited 1 time in total.
Sr. Member
User avatar
Nov 1, 2017
789 posts
306 upvotes
I applied for an account online.

Is the credit card fee waived automatically? Or are there additional steps?
Sr. Member
User avatar
Nov 19, 2014
976 posts
1485 upvotes
GPS - error
sierravista wrote: That's my problem with all these banking deals. The 4-5 K min balance to waive fees is forever. You save money every year but you effectively give the money up forever.

At least when you invest you can actually use it one day. The min balances keep going up as well. I remember my CIBC account years ago being min 1 K.
Probably because years ago that $1000 was worth exactly as much as what the $5000 is worth now :)
Deal Addict
Dec 31, 2013
1727 posts
1144 upvotes
condo
Note the fine print. One important excerpt:

Complete two (2) of the following three (3) activities in your Eligible Account within 60 days of opening:
A) Set up an eligible recurring direct deposit (e.g., employer payroll, pension provider, or government) which will recur monthly for a minimum of three (3) consecutive months, or
B) Set up a minimum of two (2) eligible separate recurring pre-authorized transactions (e.g., utility payments, property taxes, loan/mortgage payments) with a minimum value of at least $50 per transaction which will each recur monthly for a minimum of three (3) consecutive months, or
C) Make at least one eligible online bill payment (e.g. utility bill, hydro bill, credit card payment, cable) of at least $50 through the Scotiabank Mobile App or through Scotia OnLine.


So if I complete A and C, then after 3 months I should be able to receive the $350 promo? So around February 2020... and the online bill payment only needs to be one-time eh?
So mainly just switch payroll and then I can e-interac the $$$ for free to a higher interest savings account like EQ Bank, Tangerine or some other promo?
Sr. Member
User avatar
Nov 19, 2014
976 posts
1485 upvotes
GPS - error
tmonies wrote: Note the fine print. One important excerpt:

Complete two (2) of the following three (3) activities in your Eligible Account within 60 days of opening:
A) Set up an eligible recurring direct deposit (e.g., employer payroll, pension provider, or government) which will recur monthly for a minimum of three (3) consecutive months, or
B) Set up a minimum of two (2) eligible separate recurring pre-authorized transactions (e.g., utility payments, property taxes, loan/mortgage payments) with a minimum value of at least $50 per transaction which will each recur monthly for a minimum of three (3) consecutive months, or
C) Make at least one eligible online bill payment (e.g. utility bill, hydro bill, credit card payment, cable) of at least $50 through the Scotiabank Mobile App or through Scotia OnLine.


So if I complete A and C, then after 3 months I should be able to receive the $350 promo? So around February 2020... and the online bill payment only needs to be one-time eh?
So mainly just switch payroll and then I can e-interac the $$$ for free to a higher interest savings account like EQ Bank, Tangerine or some other promo?
I hope so, I'm doing A and then C paying a utility bill or something :)
Deal Fanatic
User avatar
Jul 4, 2005
6315 posts
805 upvotes
Ottawa
I applied online for an account back in may, but it didn’t fully process because they wanted me to come into the branch to show it etc. I forgot to follow up on that but I assume if I apply now, I’d be a new customer?

Top

Thread Information

There are currently 3 users viewing this thread. (0 members and 3 guests)