Is it safe to connect my Scotiabank account to Lodavo?

Yes. You sign in through Plaid's secure connection, and Lodavo receives read-only access to your balance only. Lodavo never sees or stores your Scotiabank sign-in, and it can never move money. Your funds stay in your Scotiabank account the entire time.

Does Lodavo see my Scotiabank transactions or move my money?

Lodavo only needs your account balance to award weekly draw tickets. It cannot move, hold, or withdraw money, and it cannot change anything about your Scotiabank account. The access is read-only.

Which Scotiabank account should I connect?

Connect any Scotiabank chequing or savings account where you keep money set aside, and you can link more than one. A deposit-based TFSA works too. Lodavo cannot track an investment account like Scotia iTRADE yet, so pick a chequing or savings account where your money sits as cash.

Will connecting Scotiabank to Lodavo affect my Scotiabank online banking?

No. Connecting to Lodavo doesn't change your Scotiabank sign-in, your Scotiabank app, or how you bank. You can disconnect from inside Lodavo at any time.

Does Scotiabank work with Lodavo? How to connect your Scotiabank account

If you bank with Scotiabank, the short answer is yes: Scotiabank works with Lodavo. Scotiabank is one of Canada’s Big Five banks, serving more than 11 million customers across the country, and it has its own institution page on Plaid’s network. Because Lodavo connects through Plaid with read-only access, a Scotiabank chequing, savings, or TFSA balance links in a couple of minutes, and your money never leaves Scotiabank.

How to connect your Scotiabank account to Lodavo

Connecting takes about two minutes inside the Lodavo app:

Download Lodavo (free) and create your account.
Tap to connect a bank and choose Scotiabank from the list.
Sign in through the secure Plaid connection. You enter your details on the bank-connection screen, not by handing your password to Lodavo.
Pick the Scotiabank account you want Lodavo to track, and you’re done.

From then on, Lodavo reads your balance each week and turns what you have saved into free tickets for that week’s draw. You move no money to set this up.

Is it safe? What Lodavo can and cannot see

Yes, and the access is deliberately narrow. Scotiabank has its own institution page on Plaid’s network, so connecting it uses the same bank-grade Plaid (opens in a new tab) link that thousands of Canadian apps already rely on. Two things matter for you:

Lodavo never sees your Scotiabank sign-in. You authenticate on Plaid’s secure screen, and Lodavo receives scoped, read-only access, not your card number or password.
Lodavo cannot touch your money. Read-only means Lodavo can check your balance to award tickets and nothing else. It cannot move, hold, withdraw, or charge a cent. Your savings stay in your Scotiabank account, earning whatever Scotiabank already pays you.

You can disconnect Scotiabank from inside Lodavo whenever you want. For the full picture, here is how Lodavo keeps your money safe and the draw provably fair.

Which Scotiabank account should you track?

Connect the Scotiabank account where your savings actually sit. Most users link one of these:

Scotiabank account	Good to track if
Scotiabank chequing (Ultimate or Preferred Package)	You keep a steady cushion in your everyday account
Scotiabank savings (MomentumPLUS or Money Master)	You set money aside in a dedicated savings account
Scotiabank TFSA (savings)	You save inside a deposit-based Tax-Free Savings Account

You can connect more than one Scotiabank account, and the balances simply add up. The one thing Lodavo cannot track yet is an investment or brokerage account, like Scotia iTRADE or a self-directed TFSA, so stick to a chequing or savings account where your money sits as a cash balance. Lodavo only reads the balance, so the more you keep saved across the accounts you choose, the more tickets you earn. There’s no minimum, and if you also bank somewhere else, you can link accounts at other Canadian banks too.

Troubleshooting a Scotiabank connection

Most Scotiabank links go through on the first try. If yours doesn’t:

Enter your current Scotiabank online banking sign-in (your card number or username and password) on the secure screen, exactly as you would on Scotiabank’s own site.
Complete Scotiabank’s 2-step verification if it prompts you for a security code by text or email.
If a previously linked account stops updating, reconnect it from inside Lodavo to refresh the link.

Scotiabank is a big, well-supported bank on Plaid’s network, so most hiccups clear up with a quick reconnect.

Why prize-linked savings fits Scotiabank customers

Canadians aren’t saving much right now. The household saving rate slipped to 3.5% in the first quarter of 2026, the lowest since early 2024, according to Statistics Canada (opens in a new tab). Prize-linked savings is built for exactly that problem: it adds a fun reason to keep money set aside, without asking you to lock it up or move it.

With Lodavo, you keep your money in your own Scotiabank account and still get a shot at winning. Save, earn tickets, and you’re entered into a free weekly draw for up to $10,000, with a guaranteed prize of at least $100 going to a user every week. It’s a small layer of upside on top of the bank you already use. New to the idea? Start with how prize-linked savings works in Canada.

Terms and conditions apply. No purchase necessary (alternate method of entry available). Skill-testing question required. Open to legal residents of Canada who are the age of majority. Odds depend on the number of eligible entries received. Full rules and odds at our contest rules.