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Scotiabank Bahamas review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Scotiabank Bahamas fits people who hold a Canadian current account and want a physical debit card with free currency conversion. The cost side is weak: a monthly fee of CAD 16.95 on the preferred chequing account and an annual fee of CAD 150 on the Passport Infinite credit card sit well above fee-free rivals.

Key facts

Best for
Canadian account holders who want no currency conversion fee and a Visa debit card.
Monthly fee
CA$16.95↗
Currency conversion fee
0%↗
Free ATM withdrawals
CA$1↗
Card type
Debit↗
Card network
Visa↗
Legal entity
The Bank of Nova Scotia↗
Headquarters
Canada↗
Founded
1832↗
Support channels
Phone, Help-centre↗
Features
Travel
Audience
Students, Kids
Official website
scotiabank.com

Credit cards

Annual fee
CA$150↗
APR
20.99%↗
Rewards type
Points↗
Rewards rate
1-3 Scene+ points per dollar depending on category↗
Balance transfer fee
1%↗
Perks
Travel insurance, Airport lounge access, Avis Preferred Plus membership, Shell fuel savings, GigSky mobile data↗
Card kind
Credit↗

Loans

Lender type
Direct lender↗

Mortgages

Purpose
Purchase, Remortgage, First-time-buyer, Home-equity↗

Facts checked September 26, 2026, 6 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaLinkedInX

Pros and cons

Pros

  • Currency conversion fee of 0% on card spending, useful for travel and cross-border purchases
  • Visa debit card on the preferred chequing account, accepted widely
  • Phone and help centre support through phone and help centre
  • Travel insurance and airport lounge access on the Passport Infinite credit card

Cons

  • Monthly fee of CAD 16.95 on the preferred chequing account, against free at bunq, Varo Believe Secured Credit Card and Wise
  • Free ATM withdrawals limited to CAD 1 on the chequing account
  • Annual fee of CAD 150 on the Passport Infinite credit card, and its APR sits at 20.99%
Scotiabank Bahamas

Ready to try Scotiabank Bahamas?

Scored 9.3 / 10 by SumCue.

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Who it suits

  • Anyone already banking with Scotiabank Bahamas who wants a Visa debit card
  • Travellers who pay in other currencies and would rather avoid conversion fees
  • Households that want travel perks such as lounge access and travel insurance on a credit card

Who should look elsewhere

  • Anyone who wants to hold an account with no monthly fee, such as Wise or bunq
  • People who need many free ATM withdrawals each month
  • Borrowers put off by an APR of 20.99% on the credit card

Fees and currency costs

The preferred chequing account carries a monthly fee of CAD 16.95, and the Passport Infinite credit card adds an annual fee of CAD 150 with an APR of 20.99%. Against that, the currency conversion fee on card spending is 0%, so overseas purchases avoid the markup that hits most cards. Free ATM withdrawals run to CAD 1 on the chequing account. The debit card runs on the Visa network.

How Scotiabank Bahamas compares

Where Scotiabank Bahamas is available

Available
Canada

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

How much does the account cost each month?+

The preferred chequing account charges a monthly fee of CAD 16.95. bunq charges €0 on its free plan, Wise charges £0 and Varo Believe Secured Credit Card charges $0, so a regular fee is the main reason to look elsewhere.

Is there a fee for spending in other currencies?+

The currency conversion fee on card spending is 0%, so card purchases in another currency carry no conversion markup. This is the strongest part of the cost picture, alongside the fact that the debit card sits on the Visa network. Cash withdrawals abroad are a separate question and are limited by the free allowance.

How many free ATM withdrawals are included?+

Free ATM withdrawals run to CAD 1 on the preferred chequing account. That allowance is small, so anyone who takes cash out often will pay beyond it, and a fee-free current account elsewhere suits heavy cash use better.

What does the credit card cost to hold?+

The Passport Infinite credit card has an annual fee of CAD 150 and an APR of 20.99%. In return it pays Scene+ points at 1-3 Scene+ points per dollar depending on category and adds travel insurance, airport lounge access, Avis Preferred Plus membership, Shell fuel savings and GigSky mobile data, so the fee only makes sense for heavy card and travel use.

What support is available?+

Support runs on phone and help centre. There is no email or live chat listed, so questions about fees or card cover go through the phone line or the help centre.

Who is this bank aimed at?+

The fee page and accounts point to a base of student and kids, and the card and mortgage sides lean on travel. Scotiabank Bahamas is set up for Canadian residents banking in Canada, with the legal entity The Bank of Nova Scotia headquartered in Canada, founded in 1832.

Does the bank lend directly?+

Scotiabank Bahamas is a direct lender, covering purchase, remortgage and first time buyer. Lending runs through the bank itself rather than a broker, so rates and terms come straight from the bank.

Sources

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Protection.

Scotiabank Bahamas

Scotiabank Bahamas

Canadian account holders who want no currency conversion fee and a Visa debit card.

9.3/10See alternatives