Scotiabank review
Updated October 12, 2026 · SumCue Editorial Team
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Our verdict
Across everyday savings, cards and investing, Scotiabank brings deposit accounts, card spending and share dealing into a single banking relationship. It suits households wanting points on everyday spending plus access to stocks, ETFs, options, bonds and funds through Scotiabank's own platforms.
Key facts
Brokers
Credit cards
Loans
- Lender type
- Direct lender↗
Robo-advisors
- Portfolio types
- ETF, Cash↗
Facts checked September 26, 2026, 12 sources
Pros
Pros
- Savings accounts come in joint and corporate forms, covering personal and business savers alike.
- Investing spans stocks, ETFs, options, bonds and funds, with ETF and cash portfolio mixes.
- Card perks include travel insurance and airport lounge access, adding extras beyond everyday banking.
Who it suits
- Everyday savers who also hold a debit or credit card
- New investors wanting stock and fund access through a bank platform
How Scotiabank compares
Where Scotiabank is available
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What kinds of accounts does Scotiabank offer for saving?+
Scotiabank lists joint and corporate account options alongside its savings products. The card range covers a debit card and a credit card tied to a points scheme. Together these handle everyday banking, spending and saving in one relationship.
Which investment products can customers access?+
Scotiabank's investing side covers stocks, ETFs, options, bonds and funds. Portfolio building mixes ETFs with cash. Trading and account access run through the bank's own trading platform and mobile app, with support by phone and a help centre.
What rewards and extras come with the cards?+
The cards run on a points-based scheme, so everyday spending earns rewards. Perks include travel insurance and airport lounge access. Cardholders can also draw on partner benefits for car hire membership, fuel savings and mobile data while travelling.
What is the minimum deposit at Scotiabank?+
The minimum deposit at Scotiabank is CA$0. (Source, checked September 26, 2026)
Does Scotiabank charge a monthly fee?+
The monthly fee at Scotiabank is CA$16.95. (Source, checked September 26, 2026)
Which company operates Scotiabank?+
Scotiabank is operated by Bank of Nova Scotia. (Source, checked September 26, 2026)
Where is Scotiabank based?+
Scotiabank is based in Canada. (Source, checked September 26, 2026)
When was Scotiabank founded?+
Scotiabank was founded in 1832. (Source, checked September 26, 2026)
How can I contact Scotiabank support?+
Scotiabank offers support through Phone, Help-centre. (Source, checked September 26, 2026)
Sources
- en.wikipedia.org/wiki/Scotiabank checked September 26, 2026
Backs: Founded, Headquarters, Legal entity
“Scotiabank was founded on March 30, 1832”
- hellosafe.ca/en/investing/broker/scotia-itrade checked September 26, 2026
Backs: Stock trade fee
“Commission | $9.99 per online trade ($4.99 for active traders) - Scotia iTRADE”
- help.scotiabank.com/article/what-if-i-change-phones-and-w... checked September 26, 2026
Backs: Platforms
“Scotia iTRADE mobile is a finance app developed by Scotiabank”
- wealthawesome.com/scotia-itrade-vs-questrade checked September 26, 2026
Backs: Account fee, Inactivity fee
“Scotia iTrade also charges a $100 annual fee - Scotia iTRADE”
- finder.com/ca/stock-trading/scotia-itrade-review checked September 26, 2026
Backs: Deposit and withdrawal fees, Minimum deposit
“Wire out: $25 (plus a clearing fee for US/international wires) - Scotia iTRADE”
- scotiabank.com checked September 26, 2026
Backs: Support channels
“Customer support available”
- scotiabank.com/ca/en/personal.html checked September 26, 2026
Backs: Account types, Portfolio types
“Business Banking, Commercial Banking”
- scotiabank.com/ca/en/personal/bank-accounts/chequing-acco... checked September 26, 2026
Backs: Free ATM withdrawals, Card type, Monthly fee, Card network
“Preferred Package - 1 free ABM withdrawal in Canada a month”
- scotiabank.com/ca/en/personal/bank-accounts/fees.html checked September 26, 2026
Backs: Audience
“Preferred Package for Students and Youth ... Student Banking Advantage Plan ... No Charge”
- scotiabank.com/ca/en/personal/credit-cards/fees.html checked September 26, 2026
Backs: Balance transfer fee, Currency conversion fee
“Balance Transfer Fees: The greater of: $5.00 or 1% of the transaction amount”
- scotiabank.com/ca/en/personal/credit-cards/visa/passport-... checked September 26, 2026
Backs: Annual fee, APR, Card kind, Features, Perks, Rewards rate, Rewards type
“$150/year (waived with eligible bank accounts)”
- scotiabank.com/ca/en/personal/investing/investment-accoun... checked September 26, 2026
Backs: Markets
“Start direct investing online to trade stocks, ETFs, and more - Scotia iTRADE”
- scotiabank.com/ca/en/personal/rates-prices.html checked September 26, 2026
Backs: Lender type
“Scotiabank Value(R) Visa Card Annual Fee $29/year”
Compiled from 13 source pages, checked October 13, 2026. We did not open an account.
Not confirmed yet: Headline rate, Rate type, Term, Deposit protection.