Scotiabank: $350 Welcome Bonus with Ultimate or Preferred Package (Canada)

Scotiabank in Canada is offering a $350 welcome bonus when you open an Ultimate Package or Preferred Package account and complete 2 of the following activities within 60 days: make a $50 bill payment; make 2 separate, recurring transactions for at least $50 each that recur for at least 3 months; or make 1 recurring direct deposit for at least 3 months.

Whether you’re a Canadian citizen, new to Canada, or plan on moving to Canada soon, you can open a Scotiabank Ultimate Package or Preferred Package to earn this $350 welcome bonus.

Customers who are currently or were previously holders and/or joint holders of a Scotiabank chequing account within the last 2 years are not eligible for this offer, which means any of the following accounts: Ultimate Package, Preferred Package, Scotia One Account, Basic Plus Bank Account, Basic Banking Plan, Basic Bank Account, Momentum Chequing, Power Chequing, Scotia One Service, Scotia Value, and Student Banking Advantage Plan.

How To Earn Scotiabank $350 Welcome Bonus

1. Visit this Scotiabank $350 Welcome Bonus to open an Ultimate Package or Preferred Package account (you can open your account either online or in-branch).

2. Within 2 months, complete any 2 of the following:

• Set up 1 eligible automated recurring direct deposit, like a payroll or pension, that recurs for 3 months in a row.
• Set up 2 eligible separate recurring pre-authorized transactions worth $50 or more, that recur for 3 months in a row.
• Make 1 eligible bill payment of at least $50 (like a car payment or a cable bill payment) with online or mobile banking.

3. The $350 welcome bonus will be deposited into your account up to 6 months from when your account was opened.

Scotiabank Ultimate Package or Preferred Package

Check out the details of the Ultimate Package or Preferred Package accounts from Scotiabank.

Ultimate Package

• Ultimate Package: $0 or $30.95/monthly fee.
• No monthly account fee by maintaining a minimum daily closing balance of $5,000 in your Ultimate Package, or a combined balance of $30,000 across your Ultimate Package and your MomentumPLUS Savings Account.
• New mortgage customers pay no monthly chequing account fees for up to a year on a new Preferred Package or Ultimate Package when you set up your recurring pre-authorized mortgage payments from your Package.
• New to Canada: If you are moving to Canada, you can bank with no monthly account fees in the first year with the StartRight Program.
• Earn a limited-time savings rate with the MomentumPLUS Savings Account.
• Get unlimited debit transactions, Interac e-Transfer transactions, and Scotia International Money Transfers.
• Say goodbye to annual fees (up to $150) on select credit cards.
• Be eligible to receive preferred mortgage rates for eligible mortgages set up within a Scotia Total Equity Plan (STEP).
• Earn Scene+ points on everyday purchases and redeem them for travel, dining, entertainment, and more.

Preferred Package

• Preferred Package: $0 or $16.95/monthly fee.
• No monthly account fee by maintaining a minimum daily closing balance of $4,000 for the entire month.
• New mortgage customers pay no monthly chequing account fees for up to a year on a new Preferred Package or Ultimate Package when you set up your recurring pre-authorized mortgage payments from your Package.
• New to Canada: If you are moving to Canada, you can bank with no monthly account fees in the first year with the StartRight Program.
• Earn a limited-time savings rate with the MomentumPLUS Savings Account.
• Get unlimited debit transactions and Interac e-Transfer transactions.
• Receive a first-year annual fee waiver (up to $150) for select credit cards.
• Earn Scene+ points on everyday purchases and redeem them for travel, dining, entertainment, and more.
• Trade 1 Get 1 Free at Scotia iTRADE.

If you live in Canada or plan on moving to Canada soon, take advantage of this $350 welcome bonus from Scotiabank when you open a new Ultimate Package or Preferred Package account and meet the qualifications.

You may also consider these Scotia iTRADE Account Promotions if you plan on opening an investment account through Scotiabank as well.