Before you sign up for either of these smart savings tools, you’ll need access to Scotia Smart Money by Advice+. If you’ve unenrolled from Scotia Smart Money, you’ll need to re-enrol through your Scotia app. You can only enrol in one smart savings tool at a time.

For Pay Yourself First, you need a Scotiabank chequing account with at least four recurring deposits and with one expense (like a bill or mortgage payment) in each of the last three months. You'll also need a Money Master savings account.

For Savings Finder, a Scotiabank chequing account and a Money Master savings account are required. Savings Finder is the only smart savings tool available if you’re opening a new chequing account. You’ll be able to switch to Pay Yourself First after you’ve had at least 4 eligible recurring deposits made to the new chequing account at the time you attempt to enroll.

Note: Only deposits or income sources that are greater than $200 per deposit, credited into your chequing account with a weekly, bi-weekly, monthly, semi-monthly or every two months frequency will be considered eligible recurring transactions for Pay Yourself First.