Schedule of Fees

October 2019

 

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.

Everyday Bank Accounts

Payroll Access Account

Monthly Fee - No fee
Currency - BBD
Tranactions included - Unlimited Self Service Transactions on Proprietary Channels

Transaction Fees
Branch/ Chq Transactions - $5.00
Proprietary ABM - Free
Proprietary POS - Free


Electronic Access Account

Monthly Fee - $16
Currency BBD
Minimum Opening Balance - $0.00
Number of transactions included - Unlimited self service transactions on proprietary channels

Transaction Fees
Branchtransactions/cheque - $5.00 with ScotiaCard. $5.00 without ScotiaCard
Other - Non-Scotiabank ATM Fees apply, Regular sundry fees apply
Cheque writing privilege - Yes
Pay Interest - No interest paid
Statement frequency - Quarterly
Overdraft avaialble - Yes, subject to normal lending criteria.
Other - Available for Sales to Residents of CANADA


Total Access Account

Monthly Fee - $35
Currency - BBD
Minimum Opening Balance - $0.00
Number of transactions included - 3 branch/cheque transactions, unlimited self service transfers between Scotiabank Acc & Unlimited proprietary electronic transactions

Transaction Fees
Branchtransactions/cheque - $5.00 with ScotiaCard. $5.00 without ScotiaCard
Cheque writing privilege - Yes
Pay Interest - No interest paid
Statement frequency - Quarterly
Processed Cheque - Yes, subject to normal lending criteria.
Other - Available for Sales to Residents of CANADA

Savings Accounts

Primary Savings

Monthly Fee - $10.00 applies, if balance falls below $300.00
Currency - BBD
Minimum Opening Balance - $300.00
Transactions included - Unlimited self-service transfers between Scotiabank Accounts
Number of transactions included - None
Branch transactions-  $5.00 with ScotiaCard. $5.00 without ScotiaCard
Proprietary POS - $1.50
Proprietary ATM Telephone, Mobile & Internet - Free
Other - Non-Scotiabank ATM Fees apply, Regular sundry fees apply
Cheque writing privilege - No
Pays Interest - Calculated MINIMUM Monthly balance paid monthly
Statement Frequency - Quarterly
Overdraft available - No
ASP/SSRP Eligible - 1% bonus interest on ASP Contributions


Signature Savings (Not available for new customers)

Monthly Fee - $2.50
Currency - BBD
Minimum balance required to waive monthly fee - $10,000
Number of transactions included - Unlimited self service transactions on proprietary channels
Free Items - 1 free transactions any channel unlimited deposits and ullimited self-service transfers between Scotiabank Accounts

Transaction Fees
Branch - $5.00
Proprietary ATM - Free
Proprietary POS $1.50


Foreign Currency Account

Monthly Fee - $2.50 applies if balance falls below $300
Currency - CAD & USD
Opening Balance - $300
Transactions Included - Unlimited deposits and self-servicetransfers between Scotiabank Accounts

Transaction Fees
Branch transactions - $1.50 with ScotiaCard $3.00 without ScotiaCard Regular sundry fees apply
Proprietary ATM/POS - N/A

Age Based Accounts

Primary Savings Junior

Ages 0-17 years of age must be opened with parent or guardian

Minimum Monthly Fee - None
Currency - BBD
Opening Balance - $0.00
Transactions Included - Unlimited deposits and self-service transfers between Scotiabank Accounts

Transaction Fees
Branch - $5.00 with ScotiaCard $5.00 without ScotiaCard
Proprietary ATM Telephone, Mobile & Internet - Free
Proprietary POS - $1.50
Other - Non-Scotiabank ATMFees Regular sundry fees apply
Cheque writing privilege - Mp
pays Interest - Calculated MINIMUM Monthly balance paid monthly
Statement Frequency - Quarterly
Overdraft available - No


Total Access Senior

Age 60 years and older. A younger spouse or relative is also eligible for a joint account.

Monthly Fee - None
Currency - BBD
Opening Balance - $0.00

Transaction Fees
Proprietary ATM - Free
Proprietary POS - Free
Cheque writing privilege - Yes
Statement Frequency - Online Statements
Overdraft available - No
Other - 25% off Safety Deposit Box fee, Standing Orders and Drafts


Electronic Access Youth

Ages 18 - 25 years

Monthly Fee - $6.00
Currency BBD
Opening Balance $0.00
Transactions Included - Unlimited self service transactions on propriety channels

Transaction Fees
Branch transactions (includes deposits) - $5.00 with ScotiaCard $5.00 without ScotiaCard
Proprietary ATM/POS - Free
Cheque writing privilege - Yes
Pays Interest - No
Statement Frequency - Quarterly
Overdraft available - Yes, subject to normal lending criteria.

Sundry Fee

Safety Deposit Box

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



Miscellaneous Charges

Audit Certificates - $50.00 - $200.00
Utility Bill - $10.00
RTGS Incoming - $10.00
Photocopies (per item) - $5.00
Service Charge on Account Closed within 3 months - $25
Service Charge on Account Closed within 6 months - $20
Duplicate Statements/drafts - $15.00 - occasional, $10.00 - standing
Stop payment order - $20
Search for vouchers, records or accounts - $15.00/item or $35.00/hour minimum $15.00

Self Service Banking

Internet Banking - Free
Mobile Banking  - Free
Telephone Banking  - Free
ATM - Refer to Deposit accounts for charges.
POS - Refer to Deposit accounts for charges.

Line of Credit

ScotiaLine Gold

Annual Fee - $200.00 for Primary Borrower, $0.00 for Co-borrower
Replace damaged card - $25.00
Replace lost card - $35.00
Replacement Statement Fee - $25.00


ScotiaLine

Annual Fee - $200.00 for Primary Borrower; $75.00 for Co-borrower
Replace damaged card - $25.00
Replace lost card - $35.00

Transaction Fees
Application Fees - $60.00
Over limit Fees - $60.00
Late Payment Fee - $60.00
Return Cheque Charge - $50.00
Dishonored Cheque Charge - $50.00 
Not sufficient funds (NSF) fee - $50.00
Additional or replacement statement - $25.00
Retrieval of Items Fee - $15.00
ATM Cash Advance Fee - $0.00

Personal Credit Cards

Commencing March 8th, 2021 a Credit Bureau Report Fee of $20.00 BBD will be attached to Scotia Plan Loans, Mortgages, Credit cards and other revolving facilities”

Scotiabank Mastercard

Annual (Membership) Fee - $35.00
Additional Card - No Charge
Cash Advance Fee - 2.99% min $10.00
Replacement Card Fee - $20.00

Mastercard Scotia Gold

Annual (Membership) Fee - $115.00
Additional Card - No charge
Cash Advance Fee - 2.99% min $10.00
Replacement Card Fee - $25.00

Mastercard AAdvantage

Annual (Membership) Fee - $115.00
Additional Card - No charge
Cash Advance Fee - 2.99% min $10.00 
Replacement Card Fee - $20.00 


Scotiabank Aero Platinum Mastercard - BBD

Annual (Membership) Fee - $199.00
Additional Card - No charge
Cash Advance Fee - 3.00% min $10.00
Replacement Card Fee - $20.00

Other Fees

Overlimit Charge - $49.00 
Late Payment Charge - $49.00
Returned/Dishonoured cheques - $30.00
NFS Cheque Charge - $30.00
Minimum Payment - 3.00% min $50.00
Replacement Sales Draft - $15.00
Retrieval of items - $15.00
Replacement Statement - $25.00
Stamp Duty per cheque - $0.10
Convenience Cheque Charge - N/A

Retail Lending Products

Residential Mortgage

Application Fee - $0.00
Commitment Fees - 1.00%
Late Payment Fee - $30.00 after 10 days of past due
Renewal Fee - $60.00 
Loan Refinancing/Renegotiating Fee - 0.50% of amount requested
Prepayment Fee - 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)


Personal Loan (SPL)

Private Vehicles & Other Consumer Loans

Application Fee - 0.50% of approved loan amount or min. $100.00
Late Payment Fee - $30.00 after 10 days of past due
Extension Fee - $50.00+0.50% of approved loan amount, MIN $100.00

Commencing March 8th, 2021 a Credit Bureau Report Fee of $20.00 BBD will be attached to Scotia Plan Loans, Mortgages, Credit cards and other revolving facilities”

Small Business Deposit Accounts

Small Business Operating Account/ Credit Line - BBD

Monthly Fee - $10.00
Deposit Content Fees - OTC (per ‘000): $10.00. Night (per ‘000): $5.00


Small Business Operating Account - Foreign Currency (USD)

Monthly Fee - $5.00
Deposit Content Fees - OTC (per ‘000): $1.00. Night (per ‘000): $0.50


Other Fees

Branch - Debit $1.50
Branch - Credit $1.00
Branch - Transfer $1.00
ABM - Debit $0.00
ABM - Credit $0.00
ABM - Transfer $0.00


Business Surpluss Account - BBD

Monthly Fee $0.00
Deposit Content Fees OTC (per ‘000): $20.00 Night $4,000): $10.00
Branch - Debit $3.00
Branch - Credit $2.00
Branch - Transfer $1.00
ABM - Debit $0.00
ABM - Credit $0.00
ABM - Transfer $0.00

Small Business Financing

Term Loans/Overdraft/Credit Line & Guarantees

  • Application Fee (normal) 1/4% to 1% of the net amount of increase minimum $100.00
  • Application Fee (urgent review) 3/4% to 3% of the net amount of increaseminimum $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 minimum $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
  • Supplimentary Card $75.00 each
  • Cash Advance Fee 2.99%
  • Minimum Payment 3.00%, minimum $50.00
  • Dishonored Cheque Charge $35
  • (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
  • Supplimentary Card $85.00 each
  • Cash Advance Fee 2.99%
  • Minimum Payment 3.00%, minimum $50.00
  • Dishonored Cheque Charge $35
  • (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
  • ReplacementSales Draft $35.00

Corporate/Commercial - Operating Accounts

Commercial Operating Account - BBD

Monthly Fee $10.00
Deposit Content Fees OTC (per ‘000): $10.00 Night (per ‘000): $5.00

Other Fees

  • Branch - Debit $1.50
  • Branch - Credit $1.00
  • Branch - Transfer $1.00
  • ABM - Debit $1.00
  • ABM - Credit $0.75
  • ABM - Transfer $0.75

Commercial Surplus Account - BBD

  • Monthly Fee $0.00
  • MinimumBalance $5,000.00
  • Deposit Content Fees OTC(per ‘000):$20.00 Night (per ‘000): $10.00
  • Branch - Debit $3.00
  • Branch - Credit $2.00
  • Branch - Transfer $1.00
  • ABM - Debit $3.00
  • ABM - Credit $2.00
  • ABM - 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 minimum $100.00
  • Application Fee (urgent review) 3/4% to 3% of the net amount of increase minimum $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 minimum $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

Sundry Fees Corporate/Commercial/Small Business

Night Depositry

  • Sign Up Fee $200.00
  • Disposable bags (100 bags) Nil 
  • 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
  • RTGS Incoming $10.00
  • RTGS Outgoing $10.00
  • Photocopies (per item) $5.00
  • Certified Cheque N/A
  • Stop Payment Orders $20.00
  • Service Charge on Account $25.00
  • Closed within 3 months $20.00 
  • Closed  within 6 months $15.00 - occasional 
  • Duplicate Statements/drafts $10.00 - standing
  • Search for vouchers, records or accounts. $15.00/item or $35.00/hour minimum $15.00
  • NSF Cheques/Cheques Returned $50.00 

Sundry Fees - Foreign Currency

  • NSF Cheques/Cheques Returned $50.00
  • Certified Cheque N/A
  • Stop Payment Orders $20.00 

Funds Transferred And Foreign Exchange

 

  • Mail Transfers Inland Local $10.00
  • Mail Transfers Overseas N/A
  • Managers Cheques/Local Draft$12.00
  • Foreign Drafts $20.00
  • Conversion of FX to FX draft 2% minimum $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 Fee

  • 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 December 1, 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.