Kids earn $10 cash dividends!

Discover a fast way to build your child's savings with a No-Fee Bank Account!

  • The account is free with unlimited Interac e-Transfer®.
  • There is no need to change accounts as they grow older. They can enjoy free banking at any age!
  • Your child will earn a $10 cash dividend every 3 months!

Financial success can start today. Call soon. Save more!

Call Us Stop By

Kids earn $10 cash dividends!

A child is giving the "thumbs up" next to a dog with a stack of 3D money.

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

Checkmark in green box

For Children Under Age 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
Checkmark in green box

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
Checkmark in green box

For Youth Age 15 - 18

Identification Requirements

  • Government issued photo ID of the youth

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

Checkmark

No Monthly Fee

Checkmark in circle

Free debit transactions

Checkmark in circle

Free & Unlimited INTERAC e-Transfer®

Checkmark in circle

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 additioinal 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.