How does Bank The Rest work?
Bank The Rest is a savings program that allows you to have every purchase you make using your Scotiabank debit card rounded up to the next multiple of $1 or $5. At the end of the day, we'll add all the rounded-up amounts together and transfer that amount to your Money Master Savings Account.
For example, if you've decided to round up to the nearest multiple of $5.00 and make three debit purchases in one day:
- Transaction amount: $32.08 (gas) Round up amount: $2.92
- Transaction amount: $5.65 (lunch) Round up amount: $4.35
- Transaction amount: $11.95 (book) Round up amount: $3.05 = Total round up: $10.32
At the end of the day, we’ll transfer the total rounded up amount of $10.32 ($2.92 + $4.35 + $3.05) for all three transactions to your Money Master Savings Account.
Visit the Bank The Rest page on our website to learn more.
I make debit purchases from both of my Bank the Rest accounts set up on my ScotiaCard. Will the round-up transfer apply to both of my accounts?
What happens to my Bank The Rest program if I change or close my accounts?
Can I still enrol in Bank The Rest if I have a joint account?
How do I set up Bank The Rest?