Scotiabank offers preferred rates and special discounts on banking services for OFA members.
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15% discount on monthly plan fees for ScotiaOne™ Account Plan for agriculture or ScotiaOne™ Account Plan for business
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Five month fee waiver for Credit Line for agriculture or Overdraft Protection for business*
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0.25% discount off of standard rates for approved credit products (Credit Line for agriculture, Scotia Farm Mortgage Loan, Scotia Farm Improvement Loans/SFIL)*
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Interest rate of Scotiabank prime for the first 6 months on approved ScotiaLine® for business VISA*** card*
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Reimbursement of legal/appraisal costs for a Farm Mortgage or Scotia Flex® for agriculture product**
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0.25% bonus on posted rates for new personal or business (GICs)
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Additional discounts for OFA members switching to Scotiabank
Operating lines & Term loans for Ag
Scotia Farm Operating Line-
o You decide when and how much to borrow and you only pay interest on the borrowed amount
o Offers payment flexibility tied to seasonal cash flow
o Provides ease of access to funds
o Allows simple record keeping of expenses
Credit Line for Agriculture
o You decide when and how much to borrow and you only pay interest on the borrowed amount
o Gives the ability for exact dollar borrowing to keep interest expenses down
o Simplify your record-keeping with one monthly statement
*OFA members who already take advantage of these Scotiabank products will receive preferred OFA rates and pricing when renewing or when approved for new or additional Scotiabank products.
**Costs up to 0.5% of the new funds authorized to a maximum of $5,000 when approval is obtained.
***Visa Int/Lic. User The Bank of Nova Scotia
®Registered trademark of The Bank of Nova Scotia
™Trademark of The Bank of Nova Scotia
OFA Benefit Program Disclaimer/Statement of Purpose:
OFA’s Benefit Program is designed to provide OFA members with choices for preferred group pricing on farm inputs, and to provide members with pricing information that they can use in making purchase decisions. While we strive to get the preferred deal or best available pricing for members, the OFA cannot guarantee that its Benefit Program partner pricing is the lowest price available in the marketplace. We encourage all members to use the Benefit Program information to help make the best decisions for their business. Please note that OFA is not responsible for disputes, claims, and causes of action arising out of or connected with an OFA members’ contract or signed agreement with a benefit program provider. Any contract or agreement signed by OFA members with benefit program partners is exclusive to that benefit provider and does not involve the OFA.