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Fee changes
Effective May 1, 2025
Dear Valued Clients,
We remain committed to providing you with the best financial solutions in an efficient and convenient manner.
After careful assessment, we will be adjusting some of our fees in line with the current operating environment effective May 1, 2025. Changes will be made to credit cards, lending services and some sundry fees.
To access a full list of these changes, we invite you to review the Summary of fee changes below. Please feel free to contact us at 888-472-6842 if you have any questions.
Thank you for choosing Scotiabank as your financial partner.
Summary of fee changes
for Implementation May 1, 2025
| Product/Service | New Fee | GCT | Total |
| Corporate & Commercial Banking & Small Business | |||
| Manual Wire Fee | $4,347.83 | $652.17 | $5,000.00 |
| IP Terminal Rental Fees | $1,942.50 | $291.38 | $2,233.88 |
| Wireless Terminal Rental Fees | $4,181.74 | $627.26 | $4,809.00 |
| Scotiabank Online Token Replacement Fee | US$34.78 | US$5.22 | US$46.00 |
| Online Wire Payments | $2,849.79 | $427.47 | $3,277.26 |
| Scotiabank Online Third Party Transfer Other Banks (Small Business) | $52.17 | $7.83 | $60.00 |
| Scotiabank Online Direct Batch Payments (200 Items) Monthly Fee | $2,260.87 | $339.13 | $2,600.00 |
| Scotiabank Online Direct Batch Payments (500 Items) Monthly Fee | $5,652.17 | $847.83 | $6,500.00 |
| Scotiabank Online Direct Batch Payments (1,000 Items) Monthly Fee | $9,478.26 | $1,421.74 | $10,900.00 |
| Small Business Chequing Account Per Item Fee | $140.00 | $21.00 | $161.00 |
| Small Business Chequing Account Monthly Fee | US$7.00 | $1.05 | US$8.05 |
| Small Business Chequing Account Per Item Fee | US$1.50 | $0.23 | US$1.73 |
| Small Business Savings Account Monthly Fee | US$3.50 | $0.53 | US$4.03 |
| Small Business Savings Account Per Item Fee | US$2.50 | $0.38 | US$2.88 |
| ACH - Online Transfer Recall Fee Per Transaction |
$2,608.69 | $391.31 | $3,000.00 |
| Per File | $5,217.39 | $782.61 | $6,000.00 |
| Retail Deposit | |||
| ACH - Online Transfer Recall Fee (New Fee) | $2,500.00 | $375.00 | $2,875.00 |
| Sundry Fees | |||
| Account Information/Print Screen (Foreign Currency accounts) | $4.00 | $0.60 | $4.60 |
| Account Information/Print Screen | $485.00 | $72.75 | $557.75 |
| Insufficient Funds on Cheques/ Returned Cheques (any reason) | $1,800.00 | $270.00 | $2,070.00 |
| Branch Cash Withdrawal w/o ScotiaCard/Deposit by Bearer | $500.00 | $75.00 | $575.00 |
| Branch Deposit w/o ScotiaCard/Deposit by Bearer | $500.00 | $75.00 | $575.00 |
| Overdraft Handling Fee | $2,600.00 | $390.00 | $2,990.00 |
| Retail Cheque Books (LOCAL) | $3,000.00 | $450.00 | $3,450.00 |
| Retail Cheque Books (USD) | $30.00 | $4.50 | $34.50 |
| Business/CCBC Cheque Books Non Retail (LOCAL) | $13,500.00 | $2,025.00 | $15,525.00 |
| Business /CCBC Cheque Books Non Retail (USD) | $200.00 | $30.00 | $230.00 |
| In Branch Audit Certificates, Reference Letters, etc | $3,639.00 | $545.85 | $4,184.85 |
| Online Audit Certificates, Reference Letters, etc (New Service) | $2,139.00 | $320.85 | $2,459.85 |
| Credit Cards - Annual Fees | |||
| Mastercard Gold (Primary) | $7,274.68 | $1,091.20 | $8,365.88 |
| Mastercard Aero Platinum (Primary) | $13,721.03 | $2,058.15 | $15,779.18 |
| Visa AAdvantage (Primary) | $8,884.12 | $1,332.62 | $10,216.74 |
| Visa Gold (Primary) | $5,429.18 | $814.38 | $6,243.56 |
| Visa Gold (Supplementary) | $2,653.51 | $398.03 | $3,051.54 |
| Mastercard Magna (Primary) | $4,120.18 | $618.03 | $4,738.21 |
| Mastercard Magna (Supplementary) | $2,013.74 | $302.06 | $2,315.80 |
| Mastercard Black Aadvantage (Primary) | $34,782.61 | $5,217.39 | $40,000.00 |
| Mastercard AAdvantage Business Executive (Primary) | $10,858.37 | $1,628.76 | $12,487.13 |
| Mastercard AAdvantage Business Executive (Supplementary) | $5,307.03 | $796.05 | $6,103.08 |
| Mastercard Business (Supplementary) | $3,146.46 | $471.97 | $3,618.43 |
| Retail Lending | |||
| Processing Fee on Scotia Plan Loans and Auto Loans (min $13,020.26) | 3.42% | 0.51% | 3.93% |
| Processing Fee on Mortgages (min $13,020.26) | 3.42% | 0.51% | 3.93% |
| Late Fee (min $1,590.00) | 5.63% | 0.84% | 6.47% |
| High Loan to Value Mortgage | 4.38% | 0.66% | 5.04% |