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Does the Scotiabank basic bank account have a minimum balance?
How much does Scotiabank charge per month?
What is Scotiabank's minimum balance in 2023?
How much does a Scotiabank basic bank account cost?
Oct 1, 2023 · Monthy Minimum Balance Requirement. $5,000 minimum daily closing balance to waive the $30.95 monthly account fee. $6,000 minimum daily closing balance to waive the $30.95 monthly account fee. Waive the monthly account fee by maintaining the $6,000 minimum daily closing balance or a combined balance of $30,000 across your Ultimate Package and a ...
- Bank Account Related Fees
The account must have a positive balance at least once every...
- Basic Account
After the first 12 months, you will begin to see the monthly...
- Bank Account Related Fees
The account must have a positive balance at least once every 30 days. A $5.00 handling fee will be charged for each item that is paid while the account is overdrawn more than the authorized limit. Subject to approval.
After the first 12 months, you will begin to see the monthly Account fee charged to your Account unless you maintain a minimum daily closing balance of $4,000, in which case the monthly Account fee will be waived per the Account terms and conditions.
Sep 12, 2023 · On October 1, 2023, Scotiabank's minimum balance for this account will be raised from $5,000 to $6,000. Here's what we know about the changes coming for account holders and Scotiabank clients. Upcoming Scotiabank Ultimate Package changes.
- Low Monthly Fee
- Discounted Fee For Seniors
- Teens Can Open An Account Too
- Free Interac E-Transfers
- Big Bank Convenience and Reliability
If you want to keep things simple, this chequing account will only cost you $3.95 per month, reflecting its simplicity and minimalist features. That's significantly less than, say, the Scotiabank Ultimate Packagewhich is $30.95per month.
All Canadians aged 60 and up can receive a $4 discount on their monthly account fee, which means the Scotiabank Basic Bank Account is completely free for them. While $3.95 is an exceptionally low monthly fee, free is always better.
While many chequing accounts in Canada require the holder to be at least the age of majority in their province or territory, the Scotiabank Basic Bank Account is available to anyone age 16 and up. The low fee and 12 included transactions make this an excellent account choice for teens who want inexpensive access to their funds, but not toomuch acce...
Having unlimited free Interac e-Transfersis a valuable feature all on its own, but it's an excellent companion to the low 12-transaction monthly limit. Many contractors, tradespeople, and even local businesses accept e-Transfers now, and you can always use this tool to transfer funds to another account and make debit purchases that way.
Scotiabank is one of Canada's "Big 5 Banks" and has roughly $1.4 trillion in assets, more than 11 million clients, over 89,000 employees, and 2,000+ branch and office locations as of early 2024. This institution is committed to protecting your financial information, so you can rest assured that your money and your personal info are in safe hands.
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- Scotiabank
Basic Chequing account allows you to do 12 transactions every month including up to 4 teller assisted transaction, 2 free Interac e-transfers per month, ideal for minimal banking needs.
6 Conditions apply. Visit here to learn more. Scotiabank Ultimate Package. The Scotiabank Ultimate Package is Scotiabank’s premium, all-in-one chequing account option. Loaded with features,...
