Advertiser disclosure
Advertisers are not responsible for the content of this site, including any editorial or review that may be published on it. For complete and up-to-date information about any product featured, please visit their website. We maintain business relationships with certain partners mentioned in our communication tools. While we may receive compensation if you sign up for a product or service through our affiliate links, our reviews and content are based on an objective assessment. Value estimates are established by Milesopedia and are not provided, endorsed, or verified by the issuing financial institutions. †*Terms and conditions apply.
Looking for a chequing account with a wide range of benefits? Discover Scotiabank’s Ultimate Package which, in addition to unlimited debit transactions and a welcome bonus of up to $700, allows you to obtain the Scotiabank Passport Visa Infinite + Card free of charge year after year.
Scotiabank ‘s Ultimate Package is the most comprehensive banking package offered by this institution. With this chequing account, you benefit from:
Other benefits are also available: find out more on the Scotiabank website.
Plus, when you open a new Scotiabank Ultimate Package and a qualifying investment account, you can earn up to $700 in bonuses. Within 60 days of opening your account, you must complete two out of three of the following operations:
You’ll receive a $500 bonus directly into your account, within nine months of opening.
To receive an additional $100 bonus, you must open a new registered savings account(TFSA, RRSP, FHSA) within 60 days of opening your chequing account. Then you must:
Finally, you’ll earn another $100 bonus when you open a Maître Compte savings account and maintain your Smart Saver registration for 90 consecutive days.
The $30.95 monthly fee for the Scotiabank Ultimate Package account may be waived if either of these conditions is met:
Minimum amounts must be reached daily and maintained throughout the month.
Milesopedia voted Scotiabank Passport Visa Infinite the best no-conversion-fee credit card of 2025, and Scotiabank Ultimate Package the best premium bank account.
The Scotiabank Passport Visa Infinite is an excellent card for frequent travellers and snowbirds, saving the 2.5% foreign currency transaction fee usually charged by other cards.
What’s more, this card comes with six VIP airport lounge passes worldwide. Other Visa Infinite benefits include privileges at a collection of hotels, concierge service and comprehensive travel insurance.
It’s a card to keep in your wallet, year after year. With a Scotiabank Ultimate Package account, you’ll receive a rebate on the $150 annual fee for this credit card. This means you can keep it for the long term, free of charge!
Some may wonder whether it’s worth leaving $6,000 in a chequing account, when it could be growing at around 4% annually in a high-interest savings accounts (HISA). In this case, such an investment would yield around $245 a year (interest compounded monthly), minus the tax for income earned on the interest.
With the $500 bonus and the $150 rebate on the Scotiabank Passport Visa Infinite annual fee, the Ultimate Package is definitely more profitable in the first year than investing in a HISA. Then it’s up to you to work out what’s best for you, especially if you’re taking advantage of the many benefits of a chequing account.
The Scotiabank Ultimate Package is a premium bank account with a host of benefits, including unlimited debit transactions and a welcome bonus of up to $700. Combined with the Scotiabank Passport Visa Infinite + Card, this package becomes even more advantageous.
Cardholders can enjoy a full range of banking services while saving on the annual fee of one of the best credit cards for travel. A truly winning duo!
Savings this way:
You can change your preferences or opt out at any time by clicking on one of the hyperlinks available at the bottom of each newsletter.
If you are already a subscriber and would like to unsubscribe, you can click on the link at the bottom of any of our e-mails.
