Scotiabank: Senior Chequing Discounts

Scotiabank applies senior pricing to its chequing accounts for customers aged 60 and over, and the discount grows with the size of the package. At the top end, the Ultimate Package drops from $30.95 to $23.95 a month. At the simple end, the Basic Bank Account drops from $3.95 to no fee at all, which makes it an appealing option for a senior who banks lightly.

How to claim it

1. Check your statement for your package name and the fee you pay now.
2. Ask Scotiabank to apply the senior discount for customers aged 60 and over to your account.
3. Confirm the new fee on your next statement.

The Preferred Package drops from $16.95 to $12.95 a month, and the Basic Plus Bank Account drops from $11.95 to $7.95. The Ultimate Package carries the largest dollar saving at $7.00 a month, though it remains the most expensive option after the discount.

As with every bank listed here, the discount may need to be requested rather than applied automatically, and it can sit alongside other fee arrangements only where the account terms allow it. Package fees and terms change over time, so confirm the current figures on Scotiabank’s own site or at a branch.

Practical tip: if you pay for the Ultimate or Preferred Package mainly for perks you no longer use, compare the discounted Basic Plus price before you renew another year of the bigger package.

Verified on October 18, 2026 against Scotiabank’s own published senior discount pages.