Select Account for Business
Monthly fee
$20/mo
$20,000
- Transactions: 25 per month (Plan A)
- Interac e-Transfers: Up to 20 Interac e-Transfers per month free of charge (Plans A, B, C)
- Minimum balance: $20,000 to waive monthly fee
- Fee waiver
- $20,000
Reviewed by the CreditCardGuru Editorial Team
At a glance
- Monthly fee
- $20/mo
- Minimum balance
- $20,000 to waive monthly fee
- Transactions
- 25 per month (Plan A)
Account details
- Monthly fee
- $20/mo
- Fee waiver
- $20,000
- Minimum balance
- $20,000 to waive monthly fee
- Transactions included
- 25 per month (Plan A)
- Interac e-Transfers
- Up to 20 Interac e-Transfers per month free of charge (Plans A, B, C)
- E-statements
- Not included
- Other benefits
- Plan B fee rebated with Merchant Services signup
Welcome offer: Choose from four plans to suit your needs.
Pros & cons
Pros
- Fee waived with $20,000 minimum balance
Cons
- Monthly fee of $20
- 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
“Select Account for Business Review (2026)” — CreditCardGuru, https://creditcardguru.ca/banking/scotiabank-select-account-for-business, updated August 19, 2026.