Maintenance Account Monthly Fees
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Account Fees at a Glance
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Monthly Recordkeeping Options and Fees
(refer to "Additional Recordkeeping Services and Fees" for other related services.)
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Accounts
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Monthly Account Fee
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Paperless
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Paper Statement
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Paper Statement with Cheque Image Return
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Passbook
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Personal Account
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$3.95/month
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No Charge
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No Charge
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No Charge
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$2.00/month
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Corporate Account |
$8,50/month
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No Charge
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$2.00/month
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$2.50/month
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$2.00/month
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Merchant Account
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$14.95/month
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No Charge
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$2.00/month
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$2.50/month
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Not Available
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Forex Trading
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$12.95/month – Waived with a $3,500 minimum daily closing balance
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No Charge
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$2.00/month
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$2.50/month
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$2.00/month
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Charity Account
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No Charge
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No Charge
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No Charge
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No Charge
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No Charge
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General Fees
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| Each draft, any currency for Scotiabank customers | $7.50 |
| Each draft, any currency for non-Scotiabank customers | $15.00 |
| Exchanging rolled coin for non-Scotiabank customers |
$2.00 per $100.00
($2.00 minimum fee) |
| Processing postdated deposit | $5.00 per deposit |
| Processing mailed-in deposit | $2.00 per deposit |
| Regular American Express Travellers Cheques | 1.25% commission of face value ($3.00 minimum fee) |
| American Express Cheques for Two® (available in U.S. Dollars only) |
1.75% commission of face value ($3.00 minimum fee) |
| American Express Gift Cheques (available in Canadian Dollars only) |
3.00% commission of face value ($3.00 minimum fee) |
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Other Optional Services/Features & Fees
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| Other Optional Services/Features & FeesBank The Rest Program |
FREE
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| SCENE Loyalty Rewards Program (The Momentum Chequing Account is not eligible for the SCENE Loyalty Rewards Program) |
FREE
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| Access fee for Banco Fibra S.A Rural Community Bank LTD OnLine Services, Financebank® Mobile Banking Services, TeleScotia, Interac Online, Scotiabank ABMs (Self-Service banking access not available for the Euro Daily Interest Savings Account, Mobile Banking Services not available for U.S. $ Daily Interest Account or the Euro Daily Interest Savings Account) |
FREE
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| Each assisted telephone transaction |
FREE
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| Banco Fibra S.A Rural Community Bank LTD InfoAlerts |
FREE
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| Each Interac e-Transfer |
$1.00
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| Each Cross Border Transfer |
$1.00
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| Overdraft Protection fee for each month the account is overdrawn (subject for approval) |
$5.00
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Cheque and Payment Processing Service Fees
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| Certified cheques | |
| At your request: |
$15.00
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| At your holder's request: | |
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who is a Scotiabank customer
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$15.00
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who is not a Scotiabank customer
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$25.00
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| Stop payment of cheque or pre-authorized debit | |
| If details are complete: |
$12.50
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| If details are incomplete: |
$20.00
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| Cheque processed in foreign currency on a Canadian Dollar account where the Canadian equivalent of the cheque amount is | |
| Under $1,000: |
$10.00
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| $1,000 and over: |
$15.00
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| Cheque processed on your account where your account and bank identification numbers are not fully MICR-encoded |
$5.00
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| Cheque or other debit item returned for insufficient funds (NSF) |
$48.00
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| Each cheque or pre-authorized debit deposited and subsequently returned (for third part items deposited to your account) |
No Charge
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| Each non-government cheque cashed by a non-Scotiabank customer |
$5.00
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| Teller-assisted bill payment | |
| Processed through a Scotiabank account: |
No Charge
(debit transaction fees apply) |
| Paid in cash: |
$3.00
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| Paid by cheque drawn from another financial institution: |
$3.00
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Personalized Cheques - Available Free of Charge, once every 12 months from date of last order.
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| Account | Cheque Style | Singles |
| Value3 | Basics | 50 per order |
Prices for personalized cheques on all other accounts that offer chequing services vary depending upon the cheque style and quantity. Details are available at your branch. Please note that cheques are subject to applicable taxes.
| Transfer Fees | |
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| Each automatic pre-arranged transfer of funds between your Scotiabank personal Canadian Dollar deposit account (debit transaction fee applies) |
Free
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| Each manually processed pre-arranged transfer of funds between your Scotiabank personal deposit accounts (debit transaction fee applies where applicable) |
$1.50
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| Each transfer by branch staff between your Scotiabank personal deposit account due to telephone/fax/mail request, or to cover cheques (debit transaction fee applies) |
$4.50
(optional Advice $5.00) |
| Transferring a Scotiabank account balance to another financial institution |
$20.00
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| Incoming Wire Transfer fees |
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| Incoming Wire Transfer identified as a Pension Payment in the payment message |
$1.50 per transfer*
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| All other Incoming Wire Transfers |
$15.00 CAD/USD per transfer*
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*All fees are charged in the currency of the account
| Search Fees | |
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If you need help updating your personal banking records, we provide the following services:
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| Balance inquiry |
No Charge
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| Each letter or form prepared at the customer's request (minimum $15 charge) |
$30.00 per hour
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| If you ask us to retrieve an image of a cheque cleared through your account, the cheque image retrieval fees are as follows: For each cheque image (front and back) retrieval within 90 days from the date the cheque was posted to your account: |
$3.00
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| If you ask us to retrieve an image of a cheque cleared through your account, the cheque image retrieval fees are as follows: For each cheque image (front and back) retrieval request after 90 days from the date of the cheque was posted to your account: |
$5.00
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If you ask us to search our records for any transaction or item not listed above or if we are required to respond to a legal search warrant by a third party about your transactions, the fees are as follows:
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| If the request is no more than 90 days from the date of the transaction |
$10.00 per item
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| If the request is after 90 days from the date of the transaction (minimum $15 charge) |
$30.00
per hour per employee |
| Account Closing Fees | |
| Account closed within 90 days of opening |
$20.00
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| Additional Recordkeeping Services and Fees | |
| Passbook update at selected automated banking machines |
No Charge
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| Each Passbook Statement (Automatically generated after 50 transactions have been processed through a passbook account without a passbook update) |
$2.00
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| Each copy of account statement |
$5.00
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| Each in-branch record of activity in your account since the last statement |
$1.00
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| Each Paper Statement mailed to Branch for pick-up |
$5.00
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| Scotia OnLine Cheque Image Viewing - View electronic images of cheques cleared through your account within the last 90 days |
$1.50 or Free with Paperless Recordkeeping5
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| ABM Mini Statement |
$0.75
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| ABM Bill Payment History Printout |
$0.75
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| Each advice of transaction sent by mail or fax |
$5.00
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| Inactive Accounts Fees | |
| After two years notice of inactivity4 |
$20.00
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| After three years notice of inactivity |
$20.00
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| After four years notice of inactivity |
$20.00
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| After five years notice of inactivity |
$30.00
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| After six years notice of inactivity |
$30.00
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| After seven years notice of inactivity |
$30.00
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| After eight years notice of inactivity |
$30.00
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| Nine year notice of transfer to Bank of Canada. The nine year notice of transfer to the Bank of Canada does not apply to U.S. dollar and Euro accounts. |
$40.00
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Bank Transfer Fees for Outgoing Express:
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