Scotiabank® Basic Bank Account
Monthly fee
$3.95
- Transactions: 18 free transactions per month
- Interac e-Transfers: Free Interac transfers
Reviewed by the CreditCardGuru Editorial Team
Account details
- Monthly fee
- $3.95
- Transactions included
- 18 free transactions per month
- Interac e-Transfers
- Free Interac transfers
- E-statements
- Included
- Overdraft
- Eligible for overdraft protection
- Eligibility
- Automatic discount for seniors aged 60 and over
- Other fees
- NSF fee: $10
- Other benefits
- Free online and mobile banking; Apple Pay, Google Pay, Samsung Pay available
Welcome offer: Monthly fee of $3.95 and 18 free transactions per month.
Pros & cons
Pros
- E-statements available
Cons
- Limited transactions
Terms & conditions
Rates and offers change. Every rate, fee, welcome offer and benefit on this page was accurate when last reviewed, but Scotiabank can change or withdraw any of them at any time — sometimes without notice. Confirm the current terms on Scotiabank's own website before you apply.
Eligibility is theirs to decide. Approval, credit limits, interest rates and welcome offers depend on your credit history and Scotiabank's own criteria. Bonuses often exclude anyone who has held the account before, and usually require a minimum spend within a set period.
This is not advice. The reviews and ratings here are our editorial opinion, not financial, tax or legal advice, and not a recommendation for your circumstances. Speak to a qualified professional before making a financial decision.
How we make money. CreditCardGuru may earn a commission when you apply through links on this page. It never affects our ratings or what we write — see our advertiser disclosure and rating methodology.
CreditCardGuru is not affiliated with Scotiabank. Trademarks belong to their respective owners.
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Written by
CreditCardGuru Editorial Team
Rewards & Cards Research
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Cite this page
“Scotiabank® Basic Bank Account Review (2026)” — CreditCardGuru, https://creditcardguru.ca/banking/scotiabank-basic-bank-account, updated August 19, 2026.