Scotiabank Preferred Package for Students and Youth

Offer

Earn up to a $175 welcome bonus when you open a new Student and Youth Essential Plan*
Unlimited debit and Interac e-Transfer transactions*
Earn points on everyday purchases with the Scene+^TM program
Earn an additional 0.05% on your Momentum Plus Savings Account
Free trades for students and youth with Scotia iTRADE^TM
No monthly account fee if you are under 23 years old or you must be a domestic or international student currently enrolled in a full time post-secondary program in Canada or the U.S.

Fees

Account Name Preferred Package for Students and Youth

Public Students

Special Offer Up to $175 welcome bonus

Monthly Fee $0

Unlimited Transactions

eStatement

ATM Fee (Institution) $0

Unlimited e-Transfer Transactions

Our review

Right now, when you open a new Scotiabank Preferred Package for Students and Youth, you can get a 125$ welcome bonus!

To get this $175 bonus, you must first open your account between January 2 and July 1, 2026. Then, you just need to complete 2 of the following 3 activities within 60 days of opening your account:

Set up at least 1 eligible recurring automatic direct deposit, which will recur monthly for a minimum of 3 consecutive months
Set up at least 1 eligible recurring pre-authorized transaction with a minimum value of $25 per transaction, which will recur monthly for a minimum of 3 consecutive months
Make at least 5 online Visa* Debit purchases with your Scotiabank® Card wherever Visa* Debit is accepted. Only the following types of Visa Debit transactions are eligible: online debit purchases and in-store purchases made outside Canada.

The Scotiabank Preferred Package for Students and Youth has the following key features:

Unlimited Interac Debit and e-Transfer transactions
Earn points on your everyday purchases with Scene+
0.05% interest rate boost to your MomentumPLUS savings account
Free Scotia iTRADE operations
No monthly account fee if you are under 23 years of age or a full-time student at a post-secondary institution in Canada or the U.S.