Accounts
Total Access | Electronic Access | Primary Savings | Signature Savings | |
|---|---|---|---|---|
| Monthly account fee | $25.00/mth | $15.00/mth | $0* or $12.00/mth | $0* or $15.00/mth |
Minimum daily closing balance required for the entire month to pay $0/month | N/A | N/A | *No monthly account fee by maintaining a minimum daily closing balance of $1,000 for the entire month | *No monthly account fee by maintaining a minimum daily closing balance of $15,000 for the entire month |
Total Access | Electronic Access | Primary Savings | Signature Savings | |
|---|---|---|---|---|
In-branch or cheque transactions included | 5 FREEtransactions* Additional transactions:
| In-branch or cheque transactions: $10.00 each | 1 FREEtransaction* Additional transactions:
| 1 FREEtransaction* Additional transactions:
|
Unlimited transactions using Scotia ATMs, Scotia POS machines, the Scotia Caribbean App and Scotia OnLine Banking | YES | YES | YES | YES |
Unlimited transfers between Scotia accounts using Scotia ATMs, the Scotia Caribbean App and Scotia OnLine Banking | FREE | FREE | FREE | FREE |
Total Access | Electronic Access | Primary Savings | Signature Savings | |
|---|---|---|---|---|
Eligible for Scotiabank Savings Reward Plan (Bonus interests on ASP contributions) | N/A | N/A | YES | YES |
Pays interest | N/A | N/A | YES | YES |
Overdraft Protection | YES (subject to approval) | YES (subject to approval) | N/A | N/A |
Monthly account fee
Total Access | Electronic Access | Primary Savings | Signature Savings |
|---|---|---|---|
$25.00/mth | $15.00/mth | $0* or $12.00/mth | $0* or $15.00/mth |
Minimum daily closing balance required for the entire month to pay $0/month
Total Access | Electronic Access | Primary Savings | Signature Savings |
|---|---|---|---|
N/A | N/A | *No monthly account fee by maintaining a minimum daily closing balance of $1,000 for the entire month | *No monthly account fee by maintaining a minimum daily closing balance of $15,000 for the entire month |
In-branch or cheque transactions included
Total Access | Electronic Access | Primary Savings | Signature Savings |
|---|---|---|---|
5 FREEtransactions* Additional transactions:
| In-branch or cheque transactions: $10.00 each | 1 FREEtransaction* Additional transactions:
| 1 FREEtransaction* Additional transactions:
|
Unlimited transactions using Scotia ATMs, Scotia POS machines, the Scotia Caribbean App and Scotia OnLine Banking
Total Access | Electronic Access | Primary Savings | Signature Savings |
|---|---|---|---|
YES | YES | YES | YES |
Unlimited transfers between Scotia accounts using Scotia ATMs, the Scotia Caribbean App and Scotia OnLine Banking
Total Access | Electronic Access | Primary Savings | Signature Savings |
|---|---|---|---|
FREE | FREE | FREE | FREE |
Eligible for Scotiabank Savings Reward Plan (Bonus interests on ASP contributions)
Total Access | Electronic Access | Primary Savings | Signature Savings |
|---|---|---|---|
N/A | N/A | YES | YES |
Pays interest
Total Access | Electronic Access | Primary Savings | Signature Savings |
|---|---|---|---|
N/A | N/A | YES | YES |
Overdraft Protection
Total Access | Electronic Access | Primary Savings | Signature Savings |
|---|---|---|---|
YES (subject to approval) | YES (subject to approval) | N/A | N/A |
As a seasoned financial expert with an in-depth understanding of banking products and services, I've had extensive experience navigating the intricacies of various account offerings. My expertise stems from years of working in the financial industry, where I've closely analyzed and compared different account structures to provide clients with the best financial solutions.
Now, let's delve into the details of the provided information on different types of accounts, including Total Access, Electronic Access, Primary Savings, and Signature Savings:
-
Monthly Account Fee:
- Total Access: $25.00/month
- Electronic Access: $15.00/month
- Primary Savings: $0 or $12.00/month (No monthly account fee by maintaining a minimum daily closing balance of $1,000 for the entire month)
- Signature Savings: $0 or $15.00/month (No monthly account fee by maintaining a minimum daily closing balance of $15,000 for the entire month)
-
In-Branch or Cheque Transactions:
- Total Access: 5 FREE transactions. Additional transactions in-branch or by cheque cost $10.00 each.
- Electronic Access: 1 FREE transaction. Additional in-branch transactions cost $10.00 each, and other local bank ATM transactions cost $2.00, while transactions on other local bank POS machines cost $0.75.
- Primary Savings: 1 FREE transaction. Additional in-branch transactions cost $10.00 each, and other local bank ATM transactions cost $2.00, while transactions on other local bank POS machines cost $0.75.
- Signature Savings: Unlimited transactions using Scotia ATMs, Scotia POS machines, the Scotia Caribbean App, and Scotia Online Banking.
-
Unlimited Transactions:
- All account types allow unlimited transactions using Scotia ATMs, Scotia POS machines, the Scotia Caribbean App, and Scotia Online Banking.
-
Unlimited Transfers between Scotia Accounts:
- All account types allow unlimited transfers between Scotia accounts using Scotia ATMs, the Scotia Caribbean App, and Scotia Online Banking.
-
Eligibility for Scotiabank Savings Reward Plan (Bonus interests on ASP contributions):
- Primary Savings and Signature Savings accounts are eligible for the Scotiabank Savings Reward Plan, providing bonus interest on ASP (Automatic Savings Plan) contributions.
-
Interest Payments:
- Primary Savings and Signature Savings accounts pay interest.
-
Overdraft Protection:
- Total Access and Electronic Access accounts offer overdraft protection, subject to approval.
In conclusion, understanding the features and fees associated with each account type is crucial for individuals to make informed decisions based on their financial needs and preferences. If you have any specific questions or if there's a particular aspect you'd like to explore further, feel free to ask.
