You will now need to have minimum $100k to have the Ultimate package fee waived across all scotiabank accounts excluding iTrade!!.
Am I understanding this correctly?.
“This update will have a direct impact on the ‘Chexy strategy’ for maximizing cash back. We’re essentially looking at three ways to handle the annual fee moving forward:
– Pay the monthly fee: $30.95/month for the chequing account to get the fee waiver for the credit card.
– Pay the annual fee: Close the chequing account and pay the $120 credit card fee directly.
– The Asset Minimum: Maintain $100k in total assets (Savings, GICs, or Mutual Funds) to waive the costs.”
Statistics: Posted by cnlola83 — Jan 15th, 2026 7:12 am