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Scotiabank Be Money Plan
Right for you if:
You’re between the ages of 18 and 25
You plan to maintain a balance of $1,000 or more
- Overview
- Features
- Requirements
If you’re between 18 and 25 years old and a student looking to start saving, the Scotiabank Be Money Plan is the ideal plan for you.
With Scotiabank’s Be Money Plan, you can conveniently manage your daily banking needs through your Everyday Banking Account, while your Savings Account earns a competitive interest rate. Other benefits include:
The ability to transfer money between your everyday and savings account whenever you need to
24-hour access to your money through Internet, Mobile and Telephone banking, ATMs worldwide1 and debit machines
No monthly fee when you maintain a minimum daily closing balance of $1,000 in your savings account2.If you’re a full-time student, we’ll waive your monthly fees for up to three years.
Earn 1% bonus interest if you save regularly with the Scotiabank Savings Reward Plan (SSRP)3
Fees and Terms
No monthly fee on a minimum daily balance of $1,000
Unlimited Free electronic transfers between accounts
Unlimited Internet, Telephone and Mobile banking
Enjoy convenient access to your accounts through any of our channels: in-branch, ATM, by cheque, using Internet, Mobile or Telephone banking, and by making debit purchases with your ScotiaCard. Make unlimited electronic transfers between accounts, and receive quarterly statements and returned cheques for easy record keeping.
Additional features include:
Scotiabank Be Money Plan - Everyday Banking Account
Unlimited electronic debit transactions4,3
Chequing privileges
Overdraft protection (subject to approval)2
Scotiabank Be Money Plan – Savings Account
No monthly fee on a minimum daily closing balance of $1,0002
Monthly fee is waived for full-time post secondary students (with proof of registration) for up to three years
Earn a competitive rate of interest3 on savings balances
One free debit transaction4 a month through any channel
Interest is calculated on the daily closing balance and paid monthly
Not sure if this is the right solution for you?
Use our Account Selector to find the perfect account for your needs.
Additional Information
How to apply
Download the application form [PDF: 614 KB]
Account Service Fees
Personal Financial Services Agreement [PDF: 225 KB]
Terms and Conditions
Scotiabank Be Money Plan holders must be between 18 and 25 years of age.
For joint accounts, at least one of the joint account holders must meet the age eligibility requirements.
Once you reach the maximum age limit, the Bank will automatically convert your account to a Primary Banking Plan
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How Much Should You Save?
Use our Scotiabank Savings Calculator to see how saving on a regular basis can help you achieve your short and long-term financial goals.
Download the application form Download
Ready to Apply ?
Applies to all Scotiabank ATMs and ATMs displaying the Carifs symbol.
$5 a month is charged if the balance falls below $1,000.
Terms and Conditions apply.
Additional transaction fees apply when you exceed the number of included transactions.