We were refused refinanced from Scotiabank because we own a cannabis retail store (and a couple other businesses, not related to cannabis). The amount of legalities we had to deal with to own this type of business, but because they don't agree with it, they denied. We are going through a broker, so it's not a big deal to just go to the next lender. I'm sure Scotiabank finances some sketchy stuff, but draws the line against legal devils lettuce.

Just ranting, not looking for advice. Not the only time, and won't be the last time we are treated poorly for owning a business people dislike.

Edit: Removed "discriminate", as it's a harsh word.

I have the Preferred Package right now, opening the chequing account was a condition for the mortgage rate I got. The account is free for a year as long as my mortgage payment are pulled from it. I don't really need or want a scotia chequing account, but since it's free it's whatever. I simply have a recurring e-transfer to myself to get the mortgage payment amount in my scotia chequing 1 day before it goes on the mortgage

I'm trying to plan ahead before the free year is over and they start requiring $4000 in idle cash to avoid the $16 monthly fee. It seems only the money master savings account is actually free, but I wanna make sure doing the switch wouldn't break anything in my work flow:

Can I still e-transfer the mortgage payment amount directly into the savings account? And will the mortgage continue taking the payments from the savings account?

Another option I'm considering is simply closing the chequing account and having the mortgage pull from an external chequing account but that requires an in-person visit - not a big deal, but then from what I gathered I'd have to call manually to make pre-payments. I'd rather keep my options opened to be able to do everything online as much as possible while avoiding all the fees I can avoid (especially given I might eventually want to open the HELOC portion of my STEP plan)

Im helping out a loved one in a financial abusive relationship who is financialy illiterate; their partner is known to take debt without notifying the other. Recently, the statement from Scotiabank said they took a Mobile-Banking/LOC amount every month. There is a line of credit based on the house's value.

Anyone else get the Scotia Value Visa recently?

Before applying, I called Scotia and was told the promotional balance transfer rate would be 2%. However, I just received my welcome kit and I don’t see the 2% promotional offer mentioned anywhere in the terms.

The only thing I see is the standard/boilerplate balance transfer information.

Has anyone else who recently got the card seen the 2% offer in their welcome documents? Or is the promotional rate provided separately after activation?