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If you are looking for an all-inclusive “unlimited” chequing account, the Scotiabank Ultimate Package may be for you.

For a $30.95 fee that can be waived when you keep a $5,000 balance, this account offers unlimited free transactions and Interac e-Transfers; unlimited free ATM withdrawals worldwide, annual fee waiver on a premium credit card, free overdraft protection, free cheques, drafts, and many other VIP perks.

Read on to see what the Ultimate Package offers, how it compares to other Scotiabank chequing accounts, and how to get a $300 cash bonus.

Scotiabank Ultimate Package Features

1. Free unlimited Transactions: This account is best suited to individuals who conduct lots of transactions every month. You won’t need to worry about accruing extra charges as the Scotiabank Ultimate Package comes with unlimited debits and Interac e-Transfers.

2. Free ATM Withdrawals Globally: Enjoy free withdrawals from Scotiabank and non-Scotiabank ATMs anywhere in the world.

3. Save up to $139 on Credit Card Annual Fees: You can waive the annual fee on your premium Scotiabank credit card up to $139. This continues every year as long as you have the card including:

4. Unlimited Free Global Money Transfer: Send money worldwide through Scotia International Money Transfer.

5. Earn Rewards: Chequing account holders earn points (Scotia Rewards or SCENE) on every purchase at 1 point per $5 spent. You can redeem your points for travel, gift cards, movies, food, drink, tech, and more.

If you sign up for a new account by December 16, 2020, you could qualify for a $300 cash bonus¹ (Terms and Conditions apply).

6. Interest Rate Boost on MomentumPLUS Savings Account: You earn an extra 0.10% on top of the regular savings interest rate.

7. Free Equity Trades: Get 10 free equity trades on Scotia iTrade in the first year and 5 free equity trades in subsequent years.

8. Free Safety Deposit Box: This perk offers a free small safety deposit box that is worth $55 annually.

9. $30.95 Monthly Account Fee: The Ultimate Package costs $30.95 per month. You can waive the entire fee by maintaining a minimum daily balance of $5,000 or a combined balance of $30,000 across your Ultimate Package and MomentumPLUS Savings Account.

Open a Scotiabank Ultimate Package Account.

Scotiabank Ultimate Package Review

Scotiabank Ultimate Package Chequing Benefits

Scotiabank is a top-tier Big Five bank in Canada and offers many conveniences to its customers.

With a network of around 900 branches and 3,600 ATMs, banking services are always available at your fingertips. When you travel abroad, you have access to more than 44,000 surcharge-free ATMs through the Global ATM Alliance.

The Ultimate Package provides seamless banking with unlimited debits, e-Transfers, ATM withdrawals, international money transfers, free safety deposit box, stock trading, plus:

  • Free overdraft protection
  • Free personalized cheques and drafts
  • Exclusive rates on select GICs
  • Free credit score check
  • Mobile pay including Samsung Pay, Google Pay, and Apple Pay
  • Mobile cheque deposits
  • Access to mobile and online banking


While the $30.95 monthly fee can be waived, it means you need to maintain a high chequing account balance of $5,000. Alternatively, you could keep a balance of $30,000 in your MomentumPLUS Savings Account or across your chequing and savings account to avoid paying the monthly fee.

In order for you to qualify for the $300 welcome cash bonus,¹ you will need to complete two of three actions within 60 days of opening your account:

Scotiabank Ultimate Package signup bonus

Open an Account here.

Scotiabank Ultimate Package vs. Other Scotiabank Chequing Accounts

Scotiabank offers four other chequing accounts in addition to the Ultimate Package. They are:

  • Scotiabank Preferred Package
  • Scotiabank Basic Plus Account
  • Scotiabank Basic Account
  • Scotiabank Student Banking Plan

Here’s how the Ultimate Package compares:

How To Open a Scotiabank Chequing Account

You must be at least 16 years old and a resident of Canada (or on a work or study permit) to be eligible for a Scotiabank Ultimate Package account.

To apply, click this link to visit Scotiabank’s page for the Ultimate Package account and then click on “Get Ultimate Package.” The application process takes about 5 minutes to complete.

You will need to enter your basic personal information including phone number, email address, social insurance number, and birth date.