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New to Canada?

Join the Scotiabank StartRight® Program designed for Newcomers and get up to $2,000* in value in the first year.

or

*Potential value in 1st year. Conditions & assumptions apply.

Why Scotiabank is the bank for newcomers

Scotiabank is here to support you through your unique journey. With close to 24 million customers and over 2,700 branches around the world, Scotiabank is committed to supporting newcomers by offering the right banking solutions and advice to help you achieve your financial goals.

We offer several programs and services aimed at guiding newcomers and recent immigrants in Canada with tailored banking packages. You will have access to more than 941 Scotiabank branches and 3,725 ABMs across Canada for personalized support at the branch and in the language that’s most comfortable to you.

StartRight Program for newcomers

$600 Welcome bonus

No monthly account fees

Earn up to 35,000 bonus Scene+TM* points

Earn up to $600 with a Preferred Package and an eligible investment plan. 1

No monthly account fees on a Preferred Package chequing account for the first year² – a value of $203.40.*

For a limited time apply for a Scotiabank PassportTM Visa Infinite** credit card and earn up to $1,100 in value. 3  

International money transfers

Free equity trades

Unlimited no-fee4 international money transfers – an average savings of $280 compared to in-branch Swift wire transfers.*

Get 10 free equity trades when you invest a minimum of $1,000 in a new Scotia iTRADE® account⁵ – a value of $99.90.*

Building your credit history from the ground up can be tough and often requires a lot of time and effort. Fortunately, with Scotiabank’s new partnership with Nova Credit, you don’t have to start from scratch! Now, eligible clients can use their international credit reports to apply for a higher credit limit on their Scotiabank credit card. You can learn more about this exciting partnership and all things related to credit here.

Featured articles by Scotiabank

You deserve credit for the credit history you built back home

Take advantage of the credit score you built in your home country to access a higher credit limit on your Scotiabank credit card

Learn More

Move to Canada | Transferring Cash & Valuables | Banking and Financial First Steps

When you move to Canada, there are many things to consider, and the process can be quite long. 

Learn More

Building Credit History in Canada

It is a lesson that many newcomers learn when they arrive in Canada: you need credit to pay for large expenses, buy a car, or purchase a home. 

Learn More

Insurance in Canada: What Newcomers Need to Know

Insurance in Canada helps protect yourself and your family against unexpected risk and danger.

Learn More

Start Right in Canada

Newcomers can earn up to $2,000* in value the first year with StartRight.

*Potential value in 1st year. Conditions & assumptions apply.

Keep in touch with Scotiabank

We’re Here to Help

Book an appointment to speak with a Scotiabank representative to discuss your banking options.

Book an online appointment here.

Get in touch with a Scotiabank representative at newaccountsonline@scotiabank.com.

Phone

Speak with a Scotiabank representative over the phone.

From Canada & US

For all inquiries:

Free: 1-866-800-5159

Monday to Thursday: 9:00 a.m. – 11:00 p.m. EST, Friday: 9 a.m. – 10 p.m. EST, and Saturday: 10 A.M. to 6 P.M.

From Overseas

(Monday to Friday: 4 am to 9pm EST)

For the International Account opening program:

  • Call collect for free at: 416-288-3062
    Direct: 001-416-288-3062
  • Customer service in Chinese available from Monday to Friday: 9:00 a.m. – 9:00 p.m. EST

For the Scotiabank Student GIC program:

  • Call us collect for free at: 416-288-4119
    Direct: 001-416-288-4119
  • Customer service in Chinese available from Monday to Friday: 9:00 a.m. – 9:00 p.m. EST

Contact your local phone operator to place a free collect call. Long distance charges will apply for direct calls.

Find a branch

Ready to get started? Be sure to schedule an appointment in advance to speak with a multilingual Scotiabank advisor at one of over 1,100 Scotiabank branches across Canada.

Find your closest branch.

Banking packages and products designed for you

The StartRight™ Program

Newcomers can earn up to $2,000* in value the first year with the StartRight™ Program.

Learn More

 

Guaranteed Investment Certificates (GIC)

Choose the worry-free investment and get easy access to your money to help pay for living expenses while studying in Canada.

Learn More

International Students

Planning to study in Canada? Book an appointment with a Scotiabank advisor and set up an account specifically for international students.

Learn More

Credit Cards

Apply for up to a $15,000 credit limit on an unsecured credit card as soon as you arrive — even without a credit history.

Learn More

Terms and Conditions

Scotiabank StartRight® Program is available only for Canadian Permanent Residents from 0-5 years in Canada and Foreign Workers.
*

Value of up to $2,000 is calculated as follows: i) up to $1, 183 first year value with the StartRight Program + ii) Up to $1,100 in Preferred Package, TFSA/RRSP and Scotiabank Passport Visa Infinite welcome offer and first year point earn potential:

1.  Value of up to $1,183  is an annual potential value for the first year based on the following benefits and savings available to StartRight customers as of August 1, 2024:

  • $600: $350 cash offer for new Preferred and Ultimate Package clients who complete certain qualifying conditions plus up to $250 when you open a new RRSP, FHSA, or TFSA and complete certain qualifying transactions.
  • $203.40 in account fee savings for a Preferred Package chequing account ($16.95 monthly account fee waived for first 12 months);
  • $280 in fee savings when compared to in-branch Swift Wire Transfers (assumes an annual average of 7 in-branch Swift Wire Transfers at $40 per transfer);
  • $99.90 in fee savings for 10 free equity trades with iTRADE (10 free equity trades per year at $9.99/trade);

Actual value will depend on individual usage of the StartRight Program features and products. Conditions apply. All products and features are subject to change.

  1. Value of up to $1,100 in Scotiabank welcome offers and first year point earn potential includes the following offers as of August 1st 2024:
  • $250 value for new Scotiabank Passport Visa Infinite customers who can earn up to 30,000 bonus Scene+TM* points 
  • $50 supplementary card annual fee waiver on the first supplementary card for new Scotiabank Passport Visa Infinite Card clients; 
  • $100 in travel rewards (10,000 bonus Scene+ points)  when you spend $40,000 annually on your Account each year (12-months)
  • $100 in foreign transaction fee savings based on average first year annual foreign spend per account (save the 2.5% foreign transaction fee markup typically charged by  card issuers);
  • $250 in first year point earn potential (25,000 Scene+ points) on everyday purchases based on average annual first year spend per account with an average spend of 21% in 2X accelerator categories;.
  • $350 value with a complimentary Visa Airport Companion Program Membership and 6 lounge passes (annual membership plus one free visit of approx. CAD$134/USD$99 plus 5 lounge passes at CDN$48/USD$35 per pass). Currency conversion as at February 28, 2024

Actual offers and rewards earned will depend on individual card usage and eligibility for applicable offers. Conditions apply. 

Customers must meet eligibility requirements to open a Scotia RSP, Scotia TFSA and Scotia FHSA by providing a valid Social Insurance Number (SIN). To open a Scotia FHSA customers must also be Canadian residents who are at least 18 years of age or the age of majority in the province and not turning 72 in the year the account is opened, and declare they meet the first-time home buyer criteria as defined in the Income Tax Act. While customers may open a Scotia RSP, Scotia TFSA or Scotia FHSA with an eligible Temporary SIN, customers must provide a valid permanent SIN or a new expiry date before the temporary SIN’s expiry date. Failure to do so will result in the Canada Revenue Agency (CRA) de-registering the account, which may have tax implications. Additionally, there are tax implications related to Scotia RSP, Scotia TFSA and Scotia FHSA when a customer becomes a non-resident of Canada. We suggest that customers consult with their tax advisors or visit CRA’s website for further information. If Scotia Securities Inc. is the dealer of your Scotia RSP, Scotia TFSA or Scotia FHSA, your account will be restricted should you become a non-resident of Canada, and any Pre-authorized Contributions (PACs) set up on the account will be cancelled.
1

$600 Banking Package and Registered Account Bundle Offer Description and Conditions:
The Scotiabank $600 Cash Bonus Bundle Offer (the “Offer”) is available between August 1, 2024 and October 31, 2024 (the “Offer Period”) to individuals who open new eligible accounts. Subject to the conditions below, eligible customers can earn $350 when they open a new Preferred Package or Ultimate Package chequing account and complete certain qualifying transactions and an additional $250 boost when they open a new eligible Registered Retirement Savings Plan, Tax-Free Savings Account or First Home Savings Account (each an “Eligible Registered Account”) with either The Bank of Nova Scotia or Scotia Securities Inc. (together, “Scotiabank”) and complete certain qualifying transactions. For the purposes of this Offer, the following Scotia Registered Accounts are eligible for the Offer: Scotia Registered Retirement Savings Plans (RRSPs, excluding locked-in plans such as LIRAs and LRSPs) (each an “RRSP”), Scotia Tax-Free Savings Accounts (each a “TFSA”) and Scotia First Home Savings Accounts (each a “FHSA”). Scotia RRIFs (including locked-in income plans), RESPs, RDSPs, and non-registered Scotia Investment Accounts are not eligible for the Offer. $350 Cash Bonus for Preferred or Ultimate Package Conditions: To qualify for the $350 cash bonus (the “Package Bonus”), you must:

 

 

1. Open a new Ultimate Package or newPreferred Package chequing account (the“Eligible Chequing Account”) during the Offer Period; and

2. Complete any two (2) of the following activities in your Eligible Chequing Account within 60 days of Eligible Chequing Account opening:

  • Set up and clear at least one eligible automated and recurring direct deposit†, such as payroll or pension, which will recur monthly for a minimum of six (6) consecutive months, or
  • Set up and clear a minimum of two (2) separate eligible recurring pre-authorized transactions† with a minimum value of at least $50 per transaction which will each recur monthly for a minimum of six (6) consecutive months, or
  • Make at least one (1) eligible online bill payment† of at least $50 through the Scotiabank Mobile App or through Scotia OnLine.

Click here for a list of eligible direct deposits, pre-authorized transactions and online bill payments. Notwithstanding a transaction may be included in these lists, certain exclusions may still apply and Scotiabank reserves the right to modify these lists and to determine whether a specific direct deposit, pre-authorized transaction or bill payment is eligible for the Package Bonus. Fund transfers initiated to other Scotiabank accounts (one time or recurring, e.g. credit card or savings account), to chequing or savings accounts held at other financial institutions, or to payment processing firms, are not eligible for the Package Bonus.

Up to $250 Registered Account Bundle Conditions: To qualify for up to $250 cash bonus (the “Bundle Bonus”), you must:

  1. Meet the conditions for the $350 Package Bonus; 
  2. During the Offer Period and within 60 days of opening your Eligible Chequing Account, open a new Eligible Registered Account; and 
  3. Within 60 days of the Eligible Registered Account opening, complete the following activities to earn the applicable Bundle Bonus: 
  • To earn $50: set up and clear recurring pre-authorized contributions (PACs) from any Scotiabank personal bank account of at least $100 total monthly into your new Eligible Registered Account, which must recur for a minimum of six (6) consecutive months; and/or
  • To earn $200: contribute or transfer in a minimum of CAD $5,000 into your new Eligible Registered Account and maintain that minimum amount each day for at least six (6) consecutive months.

Eligibility and Exclusions:  Individuals who are currently holders of, or who were previously holders within the last two (2) years of, a Scotiabank Chequing Account are not eligible for the Package Bonus. “Scotiabank Chequing Account” means any of the following accounts: Ultimate Package, Preferred Package, Scotia One Account, Basic Plus Bank Account, Basic Banking Plan, Basic Bank Account, Momentum Chequing, Power Chequing, Scotia One Service, Scotia Value, Student Banking Advantage Plan. Employees of Scotiabank are also not eligible for

2 To qualify for the 1-Year No Monthly Account Fee Offer (the “Offer”), open a new Preferred Package account under the StartRight Program (the “Account”). During the first 12 months, your monthly Account fee will be waived and will not appear as a charge on your Account. The Account must be open and in good standing at the time of the waiver. All applicable service charges on the Account will continue to be applied monthly. After the first 12 months, you will begin to see the monthly Account fee charged to your Account unless you maintain a minimum daily closing balance of $4,000, in which case the monthly Account fee will be waived per the Account terms and conditions. Employees of Scotiabank and individuals who are currently or were previously holders/joint holders of a Scotiabank chequing account within the last 2 years are not eligible for this Offer. This Offer is non-transferable and cannot be combined with any other offers except as otherwise permitted. Maximum one Offer per customer. All rates, fees, features and benefits are subject to change. Offer may be changed, cancelled, or extended at any time without notice.
3

Potential First Year Value = up to $1,100

Actual offers, savings and rewards earned will depend on individual card usage and eligibility for applicable offers. Conditions apply.

‡ Offer Description and Conditions: : The 25,000 Bonus Scene+ Points Offer (the “Offer”) applies only to new Scotiabank Passport Visa Infinite credit card accounts (“Accounts”) that are opened by October 31, 2024 subject to the conditions below. Offer may be changed, cancelled or extended at any time without notice and cannot be combined with any other offers. 

Plus, as a Scotiabank Passport Visa Infinite credit cardholder you are always eligible to earn an annual 10,000 Scene+ point bonus when you spend at least $40,000 in everyday eligible purchases annually on your Scotiabank Passport Visa Infinite account. Conditions apply – see below for further details.

25,000 Bonus Scene+ Point Offer Description and Conditions: To qualify for the 25,000 bonus Scene+ points (the “25,000 Point Bonus”), you must have at least $1,000 in eligible purchases posted to your new Account within the first 3 months of the Account open date. Eligible purchases include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers or cash-like transactions), interest, fees or other charges.

The 25,000 Point Bonus will be credited approximately 2-3 business days after the qualifying $1,000 in eligible purchases has been posted to the Account within the first 3 months of the Primary cardholder’s Account open date, provided the Account is open and in good standing. For Joint Accounts with a Primary Borrower and Co-borrower, the 25,000 Point Bonus will be credited to the Scene+ account linked to the Account of the borrower that completed the last transaction to meet the qualifying $1,000 in eligible purchases.  If a supplementary cardholder completes the last qualifying transaction, the  25,000 Point Bonus will be credited to the Primary Borrower’s Scene+ account. Points can be transferred between Primary and Co-Borrower or Supplementary Cardholder’s Scene+ accounts by contacting Scene+.  The Account is considered in good standing if it is not past due or over limit and the Cardholder(s) is not in breach of the Revolving Credit Agreement that applies to the Account. Bonus Offer applies to new Accounts only opened by October 31, 2024.  All other terms and conditions of the Program Terms continue to apply during the Offer period.

10,000 Annual Bonus Scene+ Point Conditions: As a Scotiabank Passport Visa Infinite credit cardholder you can earn an annual Scene+ point bonus starting at 10,000 Scene+ points when you make at least $40,000 in eligible purchases annually on your Account each year (12-months). Annual period starts from the Account open date and resets every 12 months thereafter. You will earn 2,000 bonus Scene+ points for every additional $10,000 in eligible purchases thereafter in that same year, after the $40,000 annual spend has been reached.  Eligible purchases include purchases (less any refunds, returns or other similar credits) but do not include payments, cash advances (including balance transfers or cash-like transactions), interest, fees or other charges.

The Annual bonus Scene+ points will be credited within approximately 2-3 business days after you have met the $40,000 annual spend threshold on the Account and within approximately 2-3 business days after you have met each additional $10,000 annual spend threshold on the Account, provided your Account is open and in good standing (as defined above).

4 For customers onboarded as a part of the Scotiabank StartRight® Program we do not charge a service fee for the transfer, however, foreign currency exchange rates apply. A transfer needs to be made from an eligible Scotiabank Chequing or Savings account. Subject to daily limits and additional terms and conditions as set out in the Scotiabank International Money Transfer Agreement found at https://www.scotiabank.com/international-money-transfer.
5 Conditions apply. Offer valid for new Scotia iTRADE® accounts, excluding Cash Optimizer Investment accounts, opened by new Scotia iTRADE clients who do not already have an existing account with Scotia iTRADE. If you open one or more new Scotia iTRADE account(s) (each, a “New Account”) and fund the New Account(s) within 60 days of opening the New Account(s) with at least CAD $1,000 in cash or in Net Equity (cheque deposit, electronic funds transfer or transfer of assets) (“Minimum Amount”), from an account that is not held at Scotia iTRADE, (1) the commissions associated with the first 10 online commissionable trades of Equities, Options and ETFs placed within 365 days of the date when you funded your New Account(s) with the Minimum Amount will be credited back to the corresponding New Account within 30 days of each order fill, to a maximum amount of $9.99 per trade in the currency of the account (maximum total commission rebate of $99.90), (2) the amount of the transfer-in fee charged by another Canadian broker will be credited to your New Account (up to $150 per client) subject to Scotia iTRADE’s receipt of the documentation evidencing such transfer-in fee. Scotia iTRADE reserves the right to charge you all or part of the commissions associated with the first 10 online trades completed within 365 days of funding your New Account(s) (when such commissions were previously credited back to your New Account(s)) if the conditions of the offer are not complied with. Scotia iTRADE reserves the right to modify and/or cancel this offer at any time without notice in its sole discretion. Clients must enter the promotional code SRPE15 (English) or SRPF15 (French) when submitting the New Account application to qualify. To qualify for this offer, you must satisfy Scotia iTRADE’s Canadian residency requirements, have a valid Social Insurance Number, be eligible to open a Scotia iTRADE account, maintain all of your accounts at Scotia iTRADE in good standing, not be in a disallowed debit position and not have any outstanding margin calls due. This offer has no cash redemption value. This offer cannot be transferred or combined with any other promotional offer (excluding Refer-a-Friend). Limited to one offer per client. In case of joint account only one account holder will be entitled to receive free equity trades.
® Registered trademarks of The Bank of Nova Scotia.
Trademark of The Bank of Nova Scotia.
™* Scene+ and the Icon Design are trademarks of Scene Plus IP Corporation. Used under license.
§ Interac is a registered trade-mark of Interac Corp. Used under licence.
** Visa Int./Licensed User.
® Scotia iTRADE® (Order-Execution Only Accounts) is a division of Scotia Capital Inc. (“SCI”). SCI is a member of the Investment Industry Regulatory Organization of Canada and the Canadian Investor Protection Fund. Scotia iTRADE does not provide investment advice or recommendations and investors are responsible for their own investment decisions. 
®  Registered trademark of The Bank of Nova Scotia, used under license.