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. One of Canada’s Big Five, with more than 11 million customers across the country, Scotiabank has its own institution page on Plaid’s network. A chequing, savings, or TFSA balance links in a couple of minutes, and a week of saving is enough to put free tickets in that week’s draw for up to $10,000.

How to connect your Scotiabank account to Lodavo

Two minutes in the Lodavo app:

1. Download Lodavo (free) and make an account.
2. Tap to add a bank, then choose Scotiabank.
3. Sign in on the secure Plaid screen. Your Scotiabank details go to Scotiabank.
4. Pick the Scotiabank account you want tracked, and that’s the setup.

Each week after that, your savings at Scotiabank earn you free tickets.

Is it safe? What Lodavo can and can’t 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 are worth knowing:

• Lodavo never sees your Scotiabank sign-in. You authenticate on Plaid’s secure screen, and only scoped access comes back, not your card number or password.
• The window is a single balance. The access is read-only and covers just the account you chose, so you can track your savings each week and earn free tickets. Your transaction list, your credit cards, and your other Scotiabank products aren’t in view.

You can disconnect Scotiabank from inside Lodavo whenever you want. For the full picture, here’s 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:

Several accounts can be linked at once, and their balances add up. An investment or brokerage account, like Scotia iTRADE or a self-directed TFSA, is what Lodavo can’t track yet, so choose one where your money sits as a cash balance. More saved means more tickets, and there’s no minimum to get started. Bank somewhere else too? You can link accounts at other Canadian banks.

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 sits on Plaid’s network as a named institution, so most hiccups clear with one more attempt.

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). Saving usually loses to whatever else is competing for the money this week, because nothing about it feels like a win.

Prize-linked savings gives it one. You save at Scotiabank exactly as you do now, and Lodavo adds free tickets and a chance to win up to $10,000 every week. Saving becomes the thing with a prize attached. 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.