Kids earn $10 cash dividends!

Build your child's savings with a Youth No-Fee Account! They'll enjoy:

  • $10 cash dividends every 3 months 
  • A retro FAT CAT® wallet* 
  • No monthly fees 
  • Unlimited, free Interac e-Transfer® 

Stop by any advice centre to open one!

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How can I open a No-Fee Bank Account for my child?

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For Children Age 6 - 12

Identification Requirements

  • Government issued photo ID or birth certificate of the child and 
  • Government issued photo ID of the child’s parent or guardian
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For Children Age 12 - 15

Identification Requirements

  • Government issued photo ID or birth certificate of the child and 
  • Government issued photo ID of the child’s parent or guardian
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For Youth Age 15 - 18

Identification Requirements

  • Government issued photo ID of the youth

Note: Children must be age 6 or older to open a No-Fee Bank Account and earn youth dividends. For children age 5 and younger, consider opening an in-trust account!

No appointment needed!

Stop by one of our locations or give us a call at 1.866.446.7001. We'd love to help your child grow their savings today!

No-Fee Bank Account Features

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No Monthly Fee

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Free debit transactions

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Free & Unlimited INTERAC e-Transfer®

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No Balance Requirements

No-Fee Bank Account Perks for Parents

When your child has a free bank account, as a parent, you can:

  • Send their allowance by Interac e-transfer® or, if you're also an Innovation member, by member-to-member transfer. 
  • Set transaction limits and alerts on their account, including their Debit Mastercard® .
  • Watch them experience financial independence when they make purchases through mobile pay.
  • Help them learn to budget and save with our budget tool.      

Other Products to Kickstart Your Child's Financial Future

Debit Mastercard

  • Your child can access a ding free ATM network across Canada.
  • They can make free and unlimited debit card transactions.
  • They can make online purchases anywhere Debit Mastercard is accepted.
Learn More

Savings Account

  • Your child can earn interest on their money.
  • They can earn even more cash dividends since our Savings Account qualifies for additional Member Rewards!
Learn More

RESP

  • Gain access to government matching grants.
  • When your child is ready to make a withdrawal, they'll be taxed at a lower rate (or not at all!)
  • Pay no taxes on the interest you earn.
Learn More

We can't wait to help you!

Stop by or call us to easily get started on helping your child learn and earn.

*Limited offer starting June 8th; while supplies last