Scotia Professional® Student Plan Line of Credit (SPSP) Incentive Program

Terms and Conditions

The Scotia Professional® Student Plan (SPSP) Line of Credit (SPSP) Incentive Program offered by MD Financial Management (MD) provides eligible participants (“Participants”) with a $500 monetary incentive (the “SPSP Incentive Payment”) to open a Scotia Professional Student Plan Line of Credit. To be eligible to receive the SPSP Incentive Payment a client must:

  • open or have an onboardMD™ account;
  • open a new Scotia Professional Student Plan Line of Credit between March 2, 2020, and April 30, 2020 (the “Offer Period”);
  • not have previously received a SPSP Incentive Payment by opening a Scotia Professional Student Plan Line of Credit;
  • have an active Scotiabank chequing account; and
  • be registered in a Canadian school program.

Be advised that your Scotia Professional Student Plan Line of Credit is subject to credit approval by The Bank of Nova Scotia.

MD Financial Management (MD) will credit $500 to the eligible Participant’s Scotiabank bank account on or before June 30, 2020.

Each Participant can qualify for only one SPSP Incentive Payment. This offer may not be combined with any other offers.

MD may at its sole discretion extend the SPSP Incentive Program end date of April 30, 2020, or, alternatively, terminate the SPSP Incentive Program at any time without notice.

Sharing of Information

Scotiabank and MD collect personal information in order to enable Scotiabank and MD to understand and meet your financial needs and to determine your eligibility for the various products and services of Scotiabank and MD, to provide you with routine financial services related to credit and insurance products (as permitted by law) and to protect your interests and those of Scotiabank and MD. By opening an SPSP you agree to provide Scotiabank and MD with the necessary information about you for the purposes mentioned in this paragraph, including to allow MD to deposit the SPSP Incentive Payment to your bank account, to obtain personal information about you from any person likely to have such information or to confirm its accuracy (credit reporting and assessment agencies, financial institutions, public registries, regulatory authorities and organizations, employers, professionals and individuals given as references). In addition, you authorize Scotiabank and MD to exchange between themselves (where legislation permits) and Scotiabank for the purposes of carrying out the terms of this SPSP Incentive Program. For more information about how MD collects and uses your personal information please consult the MD Financial Management Privacy Policy (

  1. ® Registered trademarks of The Bank of Nova Scotia
  2. onboardMD™ is a trademark of The Bank of Nova Scotia, used under licence.
  3. onboardMD™ is owned and operated by MD Financial Management. For more information about MD, check out
  4. MD Financial Management provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies. For a detailed list of these companies, visit
  5. Banking and credit products and services are offered by The Bank of Nova Scotia “Scotiabank”. Credit and lending products are subject to credit approval by Scotiabank. All offers, rates, fees, features, reward programs and benefits and related terms and conditions are subject to change.