ScotiaBank No Fee Chequing Accounts Review

ScotiaBank offers Canadians a number of chequing account options but only some of them can be used without paying a monthly fee. Scotia Bank uses a minimum balance formula for clients to qualify for free chequing. Basically you need to maintain a minimum balance in your account in order to have the monthly chequing account fee waived. One of the unique features ScotiaBank provides is the option you get with regards to your debit cards. They offer some that pay cash back on purchases, Travel Rewards and Scene Points. Normally loyalty programs are reserved for specialty credit cards, but ScotiaBank offers your choice of rewards for debit transactions. There are currently two available no fee chequing accounts offered that we have reviewed below.

Scotia One Chequing Account Review (No Fees with $4,000 Min Balance)

The Scotia One Chequing Account offers unlimited self serve and teller transactions and comes with your choice of rewards debit card. This account normally carries a $13.95 fee but it is waived if you meet the min balance requirement.

Scotia One Chequing Main Features
- Unlimited Transactions
- 2 free Interact e-Transfers a month
- $13.95 Monthly Fee Waived with $4,000 Balance
- $9.95 Monthly Fee for Seniors 60+

Scotia One Chequing Additional Benefits
- Choice of Rewards Debit Card
- Scotia Mobile Pay Wallet Access

Scotia Basic Banking Plan Chequing Account Review (No Fees with $3,000 Min Balance)

The Scotia Basic Banking Plan is similar to the account listed above, with the exception of only offering 25 transactions as opposed to unlimited ones. It still comes with your choice of rewards debit card and the $10.95 fee is waived if you meet the minimum balance requirement.

Scotia Basic Chequing Plan Main Features
- 25 Transactions per month
- $10.95 Monthly Fee Waived with $3,000 Balance
- $6.95 Monthly Fee for Seniors 60+

Review all of ScotiaBanks Chequing Accounts