Terms and Conditions

The Scotiabank (the "Bank") Student GIC Refer-a-Friend Program (the "Program") is available from November 1st, 2023, to December 31st, 2023.

For the purposes of this Program, the following definitions apply:

  1. "Friend or family member" means people the Referrer has a close personal or family relationship with and who the Referrer is in regular contact with.
  2. "Referrer" means an existing Scotiabank eligible client who refers a friend or family member under the Program.
  3. "Referee" means a friend or family member of the Referrer who meets program eligibility requirements and who has been referred by the Referrer under the Program.


The Program is available only to select Scotiabank clients (Referrers) who have funded a GIC through the Scotiabank Student GIC Program, and the Referees they refer to participate in the Program. The Program is available currently to eligible Student GIC Account holders from India only.

To be eligible to apply for a Scotiabank Student GIC Program, you must:

  • be an individual who is planning on studying in Canada
  • Must be a minimum of 13 years of age to apply (Note: Applicants planning to reside in the province of Quebec must be the age of majority to apply)
  • not be coming to Canada on a tourist/visitor visa

Referees must not have any active Scotiabank personal banking products, services or accounts. Referee must use the same email address in application and to fund their GIC.

How to Make a Referral:

Selected Scotiabank clients (Referrers) will receive a custom link to share with 1 (one) friend or family member to participate in the Scotiabank Student GIC Refer a Friend Program.

Identified friends and family members (Referees) will fill out contact information on link shared by referrer to participate in the Scotiabank Student GIC Refer a Friend Program. Once registered, they would then apply for and fund a Scotiabank Student GIC.

Referee Reward Conditions:

A $100 Referral bonus (the "Reward") will be given to both the Referrer and the Referee provided all conditions set out in these Terms and Conditions are met.

For both the Referrer and Referee to earn the Reward, the Referee must, before Dec 31st 2023, complete the following actions ("All Actions"):

  • Referrer:
    1. Have or open and fund a Scotiabank Student GIC between November 1st 2023 and December 31st 2023
    2. Share the custom invitation link with an eligible friend or family member
  • Referee:
    1. Complete the registration form between November 1st 2023 and December 31st 2023
    2. Open and fund a Scotiabank Student GIC between November 1st 2023 and December 31st 2023

Upon successfully completing All Actions, within 60 days of the Program end (December 31st, 2023), both Referrer and Referee will each be credited the bonus $100 in their GIC investment accounts. By participating in this Program and accepting a Reward, the Referee understands and agrees that while the Referrer will not receive any of the Referee's confidential banking details, the Referrer will know that the Referee has successfully completed the Reward conditions (i.e. has opened and funded a Scotiabank Student GIC).

Referrers may refer up to one (1) eligible friend or family member.


A Referrer's assigned link is unique to them and is not transferable and may not be mass distributed.

Referees may only receive one Reward regardless of the number of Referrers that may have referred them. If a Referee has already received an email invite from another Referrer, the subsequent Referrer will not be eligible for a Reward. The Referee is not eligible to become a Referrer.

This Program may only be used for personal, non-commercial purposes.

The Bank reserves the right at its absolute discretion to vary, delete or add to any of these Terms and Conditions from time to time without prior notice. In the event of conflict, these Terms and Conditions will prevail over any of the contents of any brochure, promotional materials or statements, or any other communication regarding this Program, whether written or oral from the Bank, except where otherwise stated.

The Bank reserves the right at its sole discretion to, without advance notice, terminate or suspend the Program, in whole or in part, or modify it in any way.

The Bank reserves the right, at its sole discretion, to suspend, disqualify, limit or revoke this Program for any person it finds or believes to be manipulating or otherwise abusing the process, fairness, or integrity of the Program or otherwise becomes ineligible. Rewards earned through fraudulent activities or activities in violation of these Terms and Conditions will be null and void and repayment may be requested by Scotiabank.

By participating in this Program, you agree that you have read and understood these Terms and Conditions and agree to be bound by them. Any notice offered by us with respect to this Program is deemed to be provided on the day it is posted on our website.

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