Current Rates & Fees

Rates and fees for Scotiabank accounts, loans and credit cards.

January 2022

Visa Debit ScotiaCard 

Loan Accounts

Visa Debit ScotiaCard

Replacement ATM/ScotiaCard 
$500.00
ATM Networking Fees 
Another Banks withdrawals: $30.00 per Withdrawal; $30.00 per transfer; $75.00 per Withdrawal for Primary and Signature/Premium savings account
ATM Mini Statement 
FREE
Use of ScotiaCard Overseas ++
Balance Enquiry 

ATM 

  • Withdrawal: USD $5.00 or GYD $1,040.00
  • Enquiry: USD $5.00 or GYD $1,040.00

POS

  • FX conversion rates apply

 

++ For transactions conducted at participating member ATMs of the ATM Global Alliance, there are no International ATM fees.

Credit Cards*

Scotiabank Mastercard®

Annual Fee 

$8,800.00

Over Limit Fee 

$4,500.00

Cash Advance

2.5% of amount min $500.00

NSF 

$ 4,000.00

Replacement/Additional Statement 

NIL 

Retrieval of Items

$3,000.00

Late Payment Fee 

$6,000.00

Additional Card 

Free

Stop Cheque Fee 

NIL

Replacement Lost/Stolen/Damaged card 

$2,200.00

Minimum Payment 3% 

Minimum $4,500.00

Scotiabank Gold Mastercard®

Annual Fee 

$11,750.00

Over Limit Fee 

$4,500.00

Cash Advance

2.5% of amount min $500.00

NSF 

$ 4,000.00

Replacement/Additional Statement 

NIL

Retrieval of Items

$3,000.00

Late Payment Fee 

$6,000.00

Additional Card 

Free

Stop Cheque Fee 

NIL

Replacement Lost/Stolen/Damaged card 

$2,200.00

Minimum Payment 3% 

Minimum $4,500.00

Scotia Mastercard® Business Card

Annual Fee 

$11,750.00

Over Limit Fee 

$4,500.00

Cash Advance

2.5% of amount min $500.00

NSF 

$ 4,000.00

Replacement/Additional Statement 

NIL

Retrieval of Items

$3,000.00

Late Payment Fee 

$6,000.00

Additional Card 

$5,000.00

Stop Cheque Fee 

NIL

Replacement Lost/Stolen/Damaged card 

$2,200.00

Minimum Payment 3% 

Minimum $4,500.00

ScotiaLine Fees

Annual Fee 
$10,00.00 
Late Payment Fee
$3,500.00
Cash Advance
NIL
Non-Sufficient Funds (NSF) 

$4,000.00 

Replacement/Additional Statement 
Free
Annual Fee Co-borrower $6,000.00
Over Limit Fee  $4,000.00
Stop Cheque Fee  $1,500.00
Retrieval of Items  $3,000.00
Minimum Payment 2.5% Minimum $5,000.00

Other fees associated with credit cards are available upon request. Credit Card balances will not attract interest if the full balance is paid within 21 days of the statement date. Fees may be changed in accordance with the Scotiabank Credit Card Cardholder Agreement.

* Interest rates on credit cards and personal lines of credit may vary, however, notice will be given to the customer prior to implementation of the new rate.

Other Services (GYD Accounts)

Transfer of funds between accounts to cover cheques - $1000.00

Manager's Cheques/Local Draft:

  • Less than $500,000 GYD - $ 1,000.00
  • Greater than $500,000 GYD  - $2,000.00
  • Stop Payment Order - $1,500.00
  • Foreign Drafts - $1,000.00 – up to $500M  
  • Foreign Drafts - $2,000.00 – Greater than $500,000.00  
  • NSF Cheque/ Cheques Returned - $4,000.00
  • Accounts closed within 3 months - $1,000.00

Safety Deposit Boxes: 

  • Small - $8,000.00
  • Medium - $12,000.00
  • Large - $15,000.00
  • Ex Large & XXL - $18,000.00
  • Drilling of Boxes - $5,000.00
  • Search for Voucher (per GYD item) - $1,000.00

Overdraft Protection

  • Handling Charge (per occurrence) if over limit -  $2,000.00

Standing Order

  • Set-up charge - Free
  • Transaction charge (excluding Scotiabank loan payments) - $500.00
Duplicate Statement - $500.00 per statement.

Loan Accounts

Discount Fee for Scotia Plan Loans
Appointment Fee :
Up to GYD 500,000.00
Loans less than $4,000MM
Loans over $4,000MM 


$5,000.00
Min $7,500.00
Min $12,500.00
Late Fees
$3,500.00
Refinance Charge
1.5% of Payment
Credit Report Fee 

Confidential Reports (overseas)  USD 20 Credit Report $3,000.00 Character reference ‐ Embassy $3,000.00 Same day request add $1,000.00

Extension Fee
1.5% of Payment

Real Estate

Pre-payment/Early Settlement  Refer to your Personal Credit Agreement or contact your Personal Banking Officer
Commitment Fee

1.10% – 1.65% of the loan amount

Late Fees $3,500.00
Renewal Fee $4,000.00

Day-to-Day Bank Accounts

 

Savings Accounts

Primary Savings
  • $300.00 Monthly Service Charge
  • $300.00 minimum balance charge if your daily balance falls below $5,000.00
  • $100.00 minimum opening balance
  • Additional Transaction Fees: Branch transactions - $200.00 
  • Proprietary ATM Withdrawals $75.00
  • Tiered interest rate
Signature Savings
  • $1000.00 monthly fee
  • $1,000.00 minimum balance charge if your daily balance falls below $1,000,000.00  
  • 1 free branch transaction per month***
  • Additional Transaction Fees: Branch transactions - $200.00
  • Proprietary ATM Withdrawals $75.00
  • Tiered interest rate
Junior Account - for customers between
0 to 17 years of age
  • No monthly service charge
  • Unlimited deposits and self-service transfers between Scotiabank accounts, using Scotia OnLine Banking.
  • Additional Transaction Fees: Branch transactions - $200.00
  • Proprietary ATM Withdrawals $75.00

Everyday Banking Accounts

Total Access Account

  • $800.00 monthly service charge
  • 10 branch or cheque transactions***
  • Additional Transaction Fees: Branch transactions- $100.00
  • Unlimited transactions at Scotiabank ATMs, Scotiabank Point of Sale (POS) machines and Scotia OnLine Banking. 

Electronic Access Account 

  • $500.00 monthly service charge
  • 2 branch transactions, unlimited deposits, unlimited self-service transactions on proprietary channels
  • 50% monthly discount on monthly service charge if your payroll or salary is automatically credited to the account***
  • Additional Branch Transactions: $200.00

Total Access Senior Account - - For customers 60 years of age and older (Free)

  • No monthly service charge
  • No minimum balance charge
  • No paper statement fee
  • 10 free Branch/Cheque transactions
  • Unlimited self-service transfers between Scotiabank Accounts & electronic transactions.
  • Additional Branch Transactions: $100.00

Foreign Currency Savings Account (USD, CAD, GBP)

Unlimited self-service transactions on proprietary channels
  • Monthly fee $10.00
  • Minimum Balance required to waive monthly fee $5,000.00
  • Branch transactions: $1.00

Interest rates – Deposit Accounts:

  • There are various methods to calculate interest rates on Savings Accounts as it is dependent on the type of account. Please check with our staff for full details.
  • Changes in interest rates will be posted in branches before they take effect.
  • Interest Rates on Term Deposits are fixed for the duration of the deposit.
  • Should you withdraw the funds from your Term Deposits before the maturity date, a reduced rate of interest will apply.