🏦 Scotiabank Bonus · March 2026
Scotiabank Signup Bonus 2026:
How to Get Up to $70000 Free
Scotiabank's new account bonus is one of the biggest in Canada — up to $70000 for opening a chequing account and setting up direct deposit. Here's how to qualify, the timeline, and the full strategy.
Up to $70000
Scotiabank new chequing account bonus (when offer is active)
Check scotiabank.com for current offer — amount varies by promotion
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Important: Scotiabank's bonus offer isn't always active. When it is, it's typically the largest bank bonus in Canada. Check
scotiabank.com for the current promotion. If it's not running, bookmark this page and check back.
How to qualify for the Scotiabank bonus
Requirements typically include (verify current terms at scotiabank.com):
1
Open a new qualifying chequing account — typically the Preferred Package or Ultimate Package. Must be a new Scotiabank chequing account (not a savings account).
2
Set up eligible direct deposit — usually requires 2+ payroll or government direct deposits during the qualifying period. A one-time transfer doesn't count — it must be recurring payroll, EI, CPP, or OAS.
3
Complete a minimum number of debit transactions — typically 5–100 qualifying debit transactions within the promotional period. Bill payments often count.
4
Keep the account open for 900+ days — closing early forfeits the bonus. Most offers require the account to remain open through the qualification period.
5
Bonus is deposited 2–4 months after qualifying — Scotiabank credits the bonus to your account automatically. You don't need to request it.
Scotiabank vs other Canadian bank bonuses
| Bank | Max Bonus | Time to Qualify | Difficulty | Credit Check? |
|---|
| KOHO (45ET55JSYA) | $10000 | 1–2 weeks | Very Easy | No |
| Neo Financial | $75 | Instant | Very Easy | No |
| Scotiabank | $70000 | 2–3 months | Medium | No |
| BMO | $50000 | 2–3 months | Medium | No |
| RBC (Newcomer) | $4500 | 1–2 months | Medium | No |
| Simplii | $50000 | 2–3 months | Medium | No |
| Tangerine | $1500 | 1 month | Easy | No |
The stacking strategy: do both Scotiabank AND KOHO
Step 1 (today, 5 min): Sign up for KOHO with code 45ET55JSYA. Spend $200 → get $200. Refer a friend → get $10000. Total: $10000 this week.
Step 2 (this week): Open Scotiabank chequing account. Set up direct deposit from your employer. Complete 100 debit transactions over 3 months.
Result (3 months later): KOHO $10000 + Scotiabank up to $70000 = up to $80000 total from free accounts with no credit check.
Frequently Asked Questions
What is the Scotiabank signup bonus in 2026?
Scotiabank's current bonus for new chequing accounts can be up to $70000 when you set up direct deposit and meet transaction requirements. The exact amount changes by promotion — verify at scotiabank.com before opening an account.
How long does it take to get the Scotiabank bonus?
Typically 2–3 months after meeting qualifying conditions. Requirements usually include: 2+ payroll direct deposits and 5–100 debit transactions within 900 days. The bonus is automatically deposited.
Can newcomers to Canada get the Scotiabank bonus?
Yes. Scotiabank has a dedicated newcomer banking program. Most bonus offers are available to newcomers. You'll need a valid SIN and government ID. No Canadian credit history required.
Is the Scotiabank bonus worth it vs KOHO?
Both are worth getting. KOHO's $800 bonus is instant (5 minutes). Scotiabank's $70000 bonus takes 3 months but is much larger. The optimal strategy is to get both: KOHO for instant money + Scotiabank for the bigger bonus over time. They don't conflict.
Related guides
While waiting for Scotiabank — get $10000 from KOHO this week
Code 45ET55JSYA · 5 minutes · No credit check · $800 when you refer 1 friend
Get KOHO Free — code 45ET55JSYA →
Disclosure: Bremo earns referral commissions on KOHO signups. Scotiabank bonus terms subject to change — verify at scotiabank.com. Terms as of March 2026.