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Current Rates & Fees
Rates and fees for Scotiabank accounts, loans and credit cards.
Updated: March 2022
ScotiaCard™ Mastercard® DEBIT and CREDIT Accounts
Personal, Small Business & Corporate Loans and Accounts
Self Service Banking
- Scotia Caribbean App, Scotia OnLine Banking and TeleScotia - FREE
- Scotia Point of Sale - FREE
- Scotia ATMs - FREE
- ATMs at other local banks - $3.00
ScotiaCard™ Mastercard® DEBIT
| Replacement ATM/ ScotiaCard |
Free |
| ATM Networking Fees |
Free for Scotiabank ATMs Another Bank's withdrawals: $3.00 Another Bank’s inquiry: $1.00 Another Bank’s declined transaction: $1.00 |
| Point of Sale (POS) Debit Transaction Fee |
Free |
| Scotia ATM Mini Statement |
Free |
Day-to-Day Bank Accounts
Savings Accounts
Primary Savings
- $10.00 monthly service charge
- The monthly fee will be applied if your daily balance falls below $300.00
- 1 free branch transaction per month*
- Branch transaction - $2.50 with ScotiaCard, $5.00 without ScotiaCard
- Cheque writing privilege - No
- Pays interest - Calculated on minimum monthly balance, paid monthly
- Statement frequency - Quarterly
- Automatic Savings Plan (ASP)/ SSRP Eligible - 1% bonus interest on ASP contributions
Junior Account - for customers between
0 to 17 years of age
- No monthly service charge
- Branch transactions - $2.50 with ScotiaCard, $5.00 without ScotiaCard
- Cheque writing privilege - No
- Pays interest - Calculated on the minimum monthly balance, paid monthly
- Statement frequency - Quarterly
Foreign Currency Account
- $2.50 monthly service charge
- Currency - CAD & USD
- Minimum balance required to waive monthly fee - $300.00
- Branch transactions - $1.50 with ScotiaCard, $5.00 without ScotiaCard
- Unlimited deposits
- Cheque writing privilege - No
- Statement frequency - Quarterly
Transactional Accounts
Payroll Access Account
Salary must be assigned electronically.
- No monthly service charge
- Branch/ cheque transactions - $5.00
- Unlimited transactions at Scotiabank ATMs, Scotiabank Point of Sale (POS) machines, the Scotia Caribbean App and Scotia OnLine Banking.
Total Access
- $35.00 monthly service charge
- 3 branch/ cheque transactions
- Unlimited transactions at Scotiabank ATMs, Scotiabank Point of Sale (POS) machines, the Scotia Caribbean App and Scotia OnLine Banking.
- Additional branch transactions - $1.50 with ScotiaCard, $3.00 without ScotiaCard
- Cheque writing privilege - Yes
- Statement frequency - Quarterly
- Overdraft available - Yes, subject to normal lending criteria
Electronic Access - for customers who prefer to bank digitally.
- $16.00 monthly service charge
- Unlimited transactions at Scotiabank ATMs, Scotiabank Point of Sale (POS) machines, the Scotia Caribbean App and Scotia OnLine Banking.
- Additional transaction fees - $2.50 with ScotiaCard, $5.00 without ScotiaCard
- Cheque writing privilege - Yes
- Statement frequency - Quarterly
- Overdraft available - Yes, subject to normal lending criteria
Total Access Senior Account - for customers 60+ yrs
- No monthly service charge
- No minimum balance charge
- 10 free branch/ cheque transactions
- Unlimited transactions at Scotiabank ATMs, Scotiabank Point of Sale (POS) machines, the Scotia Caribbean App and Scotia OnLine Banking.
- Statement frequency - Quarterly
- Overdraft available - Yes, subject to normal lending criteria
Electronic Access Youth Account (18 to 25 yrs) - for customers who wish to bank digitally.
- $6.00 monthly service charge
- Unlimited transactions at Scotiabank ATMs, Scotiabank Point of Sale (POS) machines, the Scotia Caribbean App and Scotia OnLine Banking.
- Branch/ cheque transaction: $2.50 with ScotiaCard, $5.00 without ScotiaCard
ScotiaLine Gold* Fees
| Annual Fee |
$200.00 |
| Over Limit Fee |
$60.00 |
| ATM Cash Advance |
NIL |
| Non-Sufficient Funds (NSF) |
$50.00 |
| Replacement/Additional Statement |
$25.00 |
| Retrieval of Items |
$15.00 |
| Late Payment Fee |
$60.00 |
| Additional Card |
Free |
| Return Cheque Fee |
$50.00 |
| Dishonored Cheque Fee | $50.00 |
| Replacement Damaged card |
$25.00 |
| Replacement Lost card | $35.00 |
| Minimum Payment |
4% of amount (3% - secured) Min. $100.00 |
ScotiaLine Fees
| Annual Fee |
$200.00 |
| Late Payment Fee |
$60.00 |
| ATM Cash Advance Fee |
NIL |
| Non-Sufficient Funds (NSF) |
$50.00 |
| Replacement/Additional Statement |
$25.00 |
| Annual Fee Co-borrower |
$75.00 |
| Over Limit Fee |
$60.00 |
| Return Cheque Fee | $50.00 |
| Dishonored Cheque Fee | $50.00 |
| Retrieval of Items |
$15.00 |
| Replacement Lost/ Damaged card | N/A |
| Minimum Payment |
3% of amount Min. $100.00 |
Credit Cards*
A Credit Bureau Report Fee of $20.00 BBD is attached to Scotia Plan Loans, Mortgages, Credit cards and other revolving facilities.
| Credit Card | Annual Fee | Additional Card | Cash Advance Fee | Replacement Card Fee |
|---|---|---|---|---|
| Mastercard | $35.00 | Free | 2.99%, min $10.00 | $20.00 |
| Gold Mastercard |
$115.00 |
Free |
2.99%, min $10.00 | $25.00 |
| AAdvantage Mastercard |
$115.00 |
Free |
2.99%, min $10.00 | $20.00 |
| AERO Platinum Mastercard |
$199.00 |
Free |
3.00%, min $10.00 | $20.00 |
Other Fees
SelectPayTM one-time set-up fee: 1% (per transaction)
Please click here for all credit card rates and fees.
Credit Card balances will not attract interest if the full balance is paid within 21 days of the statement date. Fees may be changed in accordance with the Scotiabank Credit Card Cardholder Agreement.
* Interest rates on credit cards and personal lines of credit may vary, however, advanced notice will be given to the customer, in accordance with regulatory requirements.
Other Services (BBD Accounts)
Incoming Wire Fee - $10.00
Transfer of funds between accounts to cover cheques - $10.00
Outgoing Wire Fee
- Retail Customers $60.00
- CMS Customers: $50.00
Manager's Cheques/Local Draft - $12.00
- Foreign Drafts - $20.00
- NSF Cheque - $50.00
- Stop Payment Order - $20.00
- 1 1/2 X 5 x 24 - $100.00 + VAT
- 2 1/2 x 5 x 24 - $125.00 + VAT
- 5 x 5 x 24 - $200.00 + VAT
- 2 1/2 x 10 x 24 - $250.00 + VAT
- 5 x 10 x 24 - $300.00 + VAT
- Listing of contents for Estate purposes - $35.00/hour per employee, min $50.00
- Drilling of Safety Deposit Box - $250.00 + expenses
- Replacing Lock - $20.00
- Rental Rebates - 1/12 of annual rental for each unexpired full month; net charge first year must not be less than 1/12 annual rental
- Lost/Broken Keys - $30.00 + Costs
Request for physical cheques (per request charge) - $45.00
Other Fees
- Audit Certificates - $50.00-$200.00
- Utility Bill - $10.00
- Real-Time Gross Settlement (RTGS) Incoming - $10.00
- Photocopies (per item) - $5.00
- Service Charge on Account Closed within 3 months - $25.00
- Service Charge on Account Closed within 6 months - $20.00
- Duplicate Statements/Drafts - $15.00 - occasional, $10.00 - standing
- Stop Payment Order - $20.00
- Search for vouchers, records or accounts - $15.00/item or $35.00/hour, min $15.00
Overdraft Protection
- Minimum overdraft interest charge - $25.00
Loan Accounts
A Credit Bureau Report Fee of $20.00 BBD is attached to Scotia Plan Loans, Mortgages, Credit cards and other revolving facilities.
| Application Fee | 0.50% of approved loan amount or min $100.00 |
| Late Payment Fee |
$30.00 after 10 days of past due |
| Credit Report Fee |
$20.00 |
| Extension Fee |
1 6/10% of unpaid balance (11% add-on) |
One time Pre-Approved/Pre-Qualified Processing Fee - in lieu of Application Fee |
>=US$5,000: 1.5% of the loan amount up to a maximum of US$200.00 <US$5,000: 2.5% of the loan amount up to a maximum of US$100.00 |
| Registration Fee for Auto Loan Bill of Sale (Gov't fee) | $10.00 |
| Renewal Fee for Auto Loan Bill of Sale (Gov't fee) | $6.00 (required every 5 years) |
Residential Mortgage
| Pre-payment/Early Settlement | 180 days interest on any prepayment made in excess of the amount entitled to for any one calendar year as per PCA (Personal Credit Agreement) |
| Commitment Fee | 1.00% |
| Overdue Installments (Late Payment Fee) | $30.00 after 10 days of past due |
| External Credit Report | $20.00 |
| Renewal Fee | $60.00 |
| Loan Refinancing/ Renegotiating Fee | 0.50% of amount requested |
Interest Rates – Personal Loan Accounts
Interest on personal loan accounts other than those secured by real estate are fixed for the duration of the loan. The repayment of interest is included in the monthly installment. For loans secured by real estate, the bank may alter the interest rate within 90 days notice. For loans repaid in advance, the customer is entitled to a rebate of interest.
All charges are inclusive of Financial Services Tax, unless stated otherwise. Please note that while the Bank makes every effort to keep charges to a minimum, they are subject to review.
The information contained in this brochure does not include all retail fees and service charges, but those considered to be most applicable for standard banking transactions.
You can get information about the fees and service charges in this brochure or those not covered by calling our Contact Centre at (246) 426-7000 or visiting your nearest Branch.
Small Business
Small Business Operating Account/ Credit Line (BBD)
- Monthly Fee - $10.00
- Deposit Content Fees - Over the counter (per '000): $10.00, Night (per '000): $5.00
Small Business Operating Account - Foreign Currency (USD)
- Monthly Fee - $5.00
- Deposit Content Fees - Over the counter (per '000): $1.00, Night (per '000): $0.50
Other Fees
- Branch - Debit $1.50
- Branch - Credit $1.00
- Branch - Transfer $1.00
- ATM - Debit - Free
- ATM - Credit - Free
- ATM - Transfer - Free
Business Surplus Account (BBD)
- Monthly fee - $10.00
- Deposit Content Fees - Over the counter (per '000): $20.00, Night (per '000): $10.00
- Branch - Debit $3.00
- Branch - Credit $2.00
- Branch - Transfer $1.00
- ABM - Debit - Free
- ABM - Credit - Free
- ABM - Transfer - Free
Small Business Financing
Term Loans/Overdraft/Credit Line & Guarantees
- Application Fee (normal) - 1/4% to 1% of the net amount of increase, min $100.00
- Application Fee (urgent review) - 3/4% to 3% of the net amount of increase, min $100.00
- Standby Fees - 1/2% to 2% per annum based on daily undrawn balance charged monthly
- Commitment/Acceptance Fee - 1/2% to 2% of the net amount, min $100.00
- Administration Fee -Monitoring/ Breach of Conditions $100.00-$1,000.00 per occasion
- Overun Fees - per item fee $5.00 plus application fee - % of amount of increase
Small Business Credit Cards
Basic Business Mastercard
- Annual Membership Fee - Primary Card $100.00, Supplementary Card $75.00 each
- Cash Advance Fee - 2.99%
- Minimum Payment - 3.00%, min $50.00
- Dishonored Cheque Charge - $35.00
- Not Sufficient Funds (NSF)/Returned Cheque Charge - $35.00
- Late Payment Fee - $50.00
- Over Limit Fee - $50.00
- Replacement Card Fee - $25.00
- Replacement/Additional Statement - $0.00
- Retrieval of Items - $35.00
- Replacement Sales Draft - $35.00
AA Executive Business Mastercard
- Annual Membership Fee - Primary Card $120.00, Supplementary Card $85.00 each
- Cash Advance Fee - 2.99%
- Minimum Payment - 3.00%, min $50.00
- Dishonored Cheque Charge - $35.00
- (NSF)/Returned Cheque Charge - $35.00
- Late Payment Fee - $60.00
- Over Limit Fee - $60.00
- Replacement Card Fee - $25.00
- Replacement/Additional Statement - $0.00
- Retrieval of Items - $35.00
- Replacement Sales Draft - $35.00
Corporate/ Commercial Operating Accounts
Commercial Operating Account (BBD)
- Monthly Fee - $10.00
- Deposit Content Fees - Over the counter (per '000): $10.00, Night (per '000): $5.00
Other fees
- Branch - Debit $1.50
- Branch - Credit $1.00
- Branch - Transfer $1.00
- ATM - Debit $1.00
- ATM - Credit $0.75
- ATM - Transfer $0.75
Commercial Surplus Account (BBD)
- Monthly Fee - Free
- Minimum Balance - $5,000.00
- Deposit Content Fees - Over the counter (per '000): $20.00, Night (per '000): $10.00
- Branch - Debit $3.00
- Branch - Credit $2.00
- Branch - Transfer $1.00
- ATM - Debit $3.00
- ATM - Credit $2.00
- ATM - Transfer $2.00
Commercial & Corporate Financing
Term Loans/Overdraft/Credit Line & Guarantees
- Application Fee (normal) - 1/4% to 1% of the net amount of increase, min $100.00
- Application Fee (urgent review) - 3/4% to 3% of the net amount of increase, min $100.00
- Standby Fees - 1/2% to 2% per annum based on daily undrawn balance charged monthly
- Commitment/Acceptance Fee - 1/2% to 2% of the net amount, min $100.00
- Administration Fee - Monitoring/ Breach of Conditions $100.00-$1,000.00 per occasion
- Overun Fees - per item fee $5.00 plus application fee - % of amount of increase
Other Fees - Corporate/ Commercial/ Small Business
Night Depositry
- Sign Up Fee - $200.00
- Replacement Keys - $50.00 + cost
- Replacement Locks - $200.00 + cost
Other Fees
- Credit Report - $20.00 + VAT
- Past due discounts - $15.00 per payment + interest
- Audit Certificates - $50.00-$200.00
- Utility Bill - $10.00
- Real-Time Gross Settlement (RTGS): Incoming - $10.00, Outgoing - $10.00
- Photocopies (per item) - $5.00
- Stop Payment Orders - $20.00
- Service Charge on Account closed within 3 months - $25.00
- Service Charge of Account closed within 6 months - $20.00
- Duplicate Statement/Statement Request - $15.00 (occassional)
- Duplicate Statements/Statement Request - $10.00 (standing)
- Search for vouchers, records or accounts - $15.00 per item or $35.00/hour, min $15.00
- NSF Cheques/Cheques Returned - $50.00
Other Fees - Foreign Currency
- NSF Cheques/Cheques Returned - $50.00
- Stop Payment Orders - $20.00
Funds Transferred and Foreign Exchange
- Mail Transfers Inland Local - $10.00
- Mail Transfers Overseas - $10.00 flat fee
- Managers Cheques/Local Draft - $12.00
- Foreign Drafts - $20.00
- Conversion of FX to FX draft - 2%, min $5.00
- Draft Tracer - $20.00 per item
- Incoming Wire Transfers - $10.00
- Repair Item - $20.00
Payroll Preparation
- Scotiabank banked employer each payroll run - $50.00
Transaction Fees
- Into Scotiabank Account - $1.50
- Payment by other means - $15.00
- Non-Scotiabank employer with Scotiabank banked employees each payroll run - $70.00
- Transaction fee per customer - $1.50
Retail/ Small Business/ Corporate & Commercial Deposit Account
Deposit Account Fees
Fee/Commission - effective 2019
- Each Deposit Account Product 0.00% with Balances <=4,999,999.99* - 0.00%
- Each Deposit Account Product 0.50% with Balances = 5,000,000.00 – 9,999,999.99* - 0.50%
- Each Deposit Account Product 1.00% with Balances = 10,000,000.00 – 19,999,999.99* - 1.00%
- Each Deposit Account Product with Balances > = 20,000,000.00* - 2.25%
*Does not include Term Deposits
Frequency: The fee is calculated on the entire average monthly balance and on a 365-day basis. It is charged monthly on the last business day of the month.
Rates and fees are subject to intermittent review. Changes to terms and conditions, interest rates, fees and charges may be highlighted as follows:
- Notice on website
- Notice in branches
- Email or text messages
The information displayed may not include all retail fees and services charges, only those applicable to standard banking transactions.