Scotiabank Preferred Package for Students & Youth

Scotiabank is offering a $200 cash bonus when you open a new Preferred Package for Students and Youth with a Scene+ debit card by November 1, 2026.

To qualify, you'll need to complete two of the following within 60 days of opening the account:

• Set up and receive a recurring direct deposit for three months in a row
• Set up and make a recurring pre-authorized transaction for three months in a row
• Make at least five online Visa Debit purchases with your debit card

Scotiabank deposits the bonus within six months of the day you open the account.

The Preferred Package for Students & Youth has no monthly fee for as long as you remain eligible.

Eligibility covers anyone under 25, along with those 25 and older who are enrolled full-time in a post-secondary program.

The plan includes unlimited transactions, so everyday banking won't cost you anything.

This is the student and youth version of Scotiabank's Preferred Package, with unlimited debit transactions and unlimited Interac e-Transfers.

You'll earn Scene+ points on the account, and there's a first-year rebate of up to $150 on the fee of an eligible Scotiabank credit card.

Plus, account holders get free trades with Scotia iTRADE, a waived monthly fee on a USD account, and savings of up to 3 cents per litre on fuel at Shell.

Deposits are eligible for CDIC coverage.