Scotiabank offers preferred rates and special discounts on banking services for OFA members.
OFA member offer: Scotiabank’s partnership with OFA offers OFA members an exclusive package of personal and business banking products, plus services that provide more financial solutions, advice, tools and resources for your farm business.
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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
To access these services: Bring your OFA member card to your local Scotiabank branch or Commercial Client Relationship Manager.
Operating Lines & Term Loans for Agriculture
- Scotia Farm Operating Line
- You decide when and how much to borrow and you only pay interest on the borrowed amount
- Offers payment flexibility tied to seasonal cash flow
- Provides ease of access to funds
- Allows simple record keeping of expenses
- Credit Line for Agriculture
- You decide when and how much to borrow and you only pay interest on the borrowed amount
- Gives the ability for exact dollar borrowing to keep interest expenses down
- Simplify your record-keeping with one monthly statement
- Term Loans for Agriculture
- Cost-effective and flexible for purchasing machinery, land, breeding stock, making building repairs, or renovations.
- Competitive fixed or variable interest rates
- Easy application process