Schedule of Fees

Updated: Oct 2021

 

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 charge
  • Currency - BBD
  • Transactions included - Unlimited self-service transactions on Scotiabank channels

Transaction Fees

  • Branch/ Cheque Transactions - $5.00
  • Scotiabank ATM - Free
  • Scotiabank POS - Free

Electronic Access Account

  • Monthly Fee - $16.00
  • Currency - BBD
  • Minimum Opening Balance - $0.00
  • Transactions Included - Unlimited self-service transactions on Scotiabank channels

Transaction Fees

  • Branch/ Cheque Transactions - $2.50 with ScotiaCard, $5.00 without ScotiaCard
  • Scotiabank ATM - Free
  • Scotiabank POS - Free
  • Cheque writing privilege - Yes
  • Pays Interest - No interest paid
  • Statement Frequency - Quarterly
  • Overdraft Available - Yes, subject to normal lending criteria

Total Access Account

  • Monthly Fee - $35.00
  • Currency - BBD
  • Minimum Opening Balance - $0.00
  • Transactions Included - 3 branch/ cheque transactions, unlimited self-service transfers between Scotiabank accounts & unlimited Scotiabank electronic transactions

Transaction Fees

  • Branch/ Cheque Transactions - $1.50 with ScotiaCard, $3.00 without ScotiaCard
  • Scotiabank ATM - Free
  • Scotiabank POS - Free
  • Cheque writing privilege - Yes
  • Pays Interest - No interest paid
  • Statement frequency - Quarterly
  • Overdraft Available - Yes, subject to normal lending criteria

Savings Accounts

Primary Savings

  • Monthly Fee - $10.00 
  • Currency - BBD
  • Minimum balance required to waive monthly fee - $300.00
  • Transactions Included - Unlimited self-service transfers between Scotiabank accounts

Transaction Fees

  • Branch Transactions - $2.50 with ScotiaCard, $5.00 without ScotiaCard
  • Scotiabank ATM, Telephone, Mobile and Internet Banking - Free
  • Scotiabank POS - Free
  • Cheque writing privilege - No
  • Pays Interest - Calculated on minimum monthly balance, paid monthly
  • Statement Frequency - Quarterly
  • Overdraft available - No
  • Automatic Savings Plan (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 - $10,000.00
  • Transactions Included - 1 free transaction on any channel, unlimited deposits & unlimited self-service transfers between Scotiabank accounts

Transaction Fees

  • Branch - $5.00
  • Scotiabank ATM - Free
  • Scotiabank POS - Free

Foreign Currency Account

  • Monthly Fee - $2.50 
  • Currency - CAD & USD
  • Minimum balance required to waive monthly fee - $300.00
  • Transactions Included - Unlimited deposits and self-service transfers between Scotiabank Accounts

Transaction Fees

  • Branch transactions - $1.50 with ScotiaCard, $3.00 without ScotiaCard 
  • Scotiabank ATM - N/A
  • Scotiabank POS - Free
  • Statement Frequency - Quarterly

Age Based Accounts

Primary Savings Junior

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

  • Minimum Monthly Fee - No fee
  • Currency - BBD
  • Minimum Opening Balance - $0.00
  • Transactions Included - Unlimited deposits and self-service transfers between Scotiabank Accounts

Transaction Fees

  • Branch Transactions - $2.50 with ScotiaCard, $5.00 without ScotiaCard
  • Scotiabank ATM Telephone, Mobile & Internet Banking - Free
  • Scotiabank POS - Free
  • Cheque writing privilege - No
  • Pays Interest - Calculated on the 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 - No fee
  • Currency - BBD
  • Minimum Opening Balance - $0.00

Transaction Fees

  • Scotiabank ATM - Free
  • Scotiabank POS - Free
  • Cheque writing privilege - Yes
  • Statement Frequency - Quarterly, Online Statements
  • Overdraft Available - Yes, subject to normal lending criteria
  • Other - 25% off Safety Deposit Box fee, Standing Orders and Drafts

Electronic Access Youth

Ages 18 - 25 years

  • Monthly Fee - $6.00
  • Currency - BBD
  • Transactions Included - Unlimited self-service transactions on Scotiabank channels

Transaction Fees

  • Branch Transactions (includes deposits) - $2.50 with ScotiaCard, $5.00 without ScotiaCard
  • Scotiabank ATM - Free
  • Scotiabank 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
  • 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

Self Service Banking

  • Telephone, Mobile and Internet Banking - Free
  • ATM - Refer to Deposit accounts for charges
  • POS - Free

Line of Credit

ScotiaLine Gold

  • Annual Fee - $200.00 for Primary Borrower, Free 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 - N/A
  • Replace lost card - N/A

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 - Free
  • Cash Advance Fee - 2.99%, min $10.00
  • Replacement Card Fee - $25.00

Mastercard AAdvantage

  • Annual (Membership) Fee - $115.00
  • Additional Card - Free
  • 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 - Free
  • 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
  • NSF 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 - Free
  • Commitment Fees - 1.00%
  • Late Payment Fee - $30.00 after 5 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 5 days of past due
  • 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

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 - 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

Sundry 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 

Sundry 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 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.