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Pros & Cons

Pros

  • +No monthly fee
  • +Unlimited transactions
  • +E-statements available

Cons

Current Promotion

Right now, when you open a new Scotiabank Preferred Package for Students and Youth, you can get a welcome bonus of up to $200!

To get this $200 bonus, you must first open your account between July 2 and November 1, 2026. Then, you just need to complete 2 of the following 3 activities within 60 days of opening your account:

  • Set up at least 1 eligible recurring automatic direct deposit, which will recur monthly for a minimum of 3 consecutive months
  • Set up at least 1 eligible recurring pre-authorized transaction, which will recur monthly for a minimum of 3 consecutive months
  • Make at least 5 online Visa* Debit purchases with your Scotiabank® Card wherever Visa* Debit is accepted. Only the following types of Visa Debit transactions are eligible: online debit purchases and in-store purchases made outside Canada.

The Scotiabank Preferred Package for Students and Youth has the following key features:

  • Unlimited Interac Debit and e-Transfer transactions
  • Earn points on your everyday purchases with Scene+
  • Free Scotia iTRADE trades for students and youth
  • No monthly account fees if you are under 25 or if you are pursuing full-time studies at a post-secondary educational institution in Canada or the United States

Account Features

  • E-StatementIncluded
  • Unlimited TransactionsIncluded

Special Offer

Up to $200 welcome bonus

Related Accounts

Conditions apply. All information is believed accurate but not guaranteed. Account details, rates, and offers are subject to change at any time. Always verify the latest terms on the institution's website. JMV may receive compensation through affiliate links. This does not affect our editorial choices or rankings. © 2026 Scotiabank. All trademarks are property of their respective owners.