Open a bank account for your child

Just like parents, children are also susceptible to society's consumer habits. Starting from an early stage, children tend to develop a liking for the latest electronic gadget and trendy clothes to name the least. If started at such an early age, the habit can grow and stick. To help your children and probably prevent them from falling into the cycle of debt, it is very important to show them the value of saving money. Opening a bank account for your child is a great option for setting an example for saving money.

With the number of banks offering such account opening options, it is very easy to get a Children’s bank account opened.

When looking for a bank to open an account with, it is very important to look for a bank that offers a no fee account probably with a passbook/monthly statement and unlimited transactions. Passbooks are important as they allow your child to approach the bank, transact and still manage to keep track of their bank balances.

Opening a bank account

To open a bank account for your child, you need to visit your bank in advance and check the different types of accounts available. Chances are that you'll be surprised by the different incentives on offer particularly for juvenile accounts. Most banks view children account as PR expenditures which is aimed at next generation customers.

Choose a particular account option with your bank and set up an appointment. Your next visit should be with your child if possible. Give the bank an opportunity to explain day-to-day banking to your child. This way, your child will be introduced to the real banking experience which is usually exciting to most children. You could also get the bank to plan and structure your child's savings account.    




Filter Children's Accounts

Filter Search ResultsDone
Filter Results

5 Results

Talk to someone
416-992-5104
COMPARE MORTGAGE ONLINE
Checkout personalized quotes and see how much you can save now1
What type of mortgage are you looking for?
Current Average Mortgage Rate*: 2.660% APR *5 Year fixed term
Great! What type of property are you purchasing?
Great! What type of property are you purchasing?
What is your estimated purchase price?
$0k - $10k
How much are you putting as a down payment?
0%
90%
0% - 5%
Choose Your Province:
  • Airdrie
  • Ajax
  • Alberta
  • Barrheard
  • Barrie
  • Brampton
  • Brantford
  • British Columbia
  • Brooks
  • Burlington
  • Calgary
  • Cambridge
  • Canmore
  • Cardston
  • CFB Suffield
  • Drayton Valley
  • Drumheller
  • Durham
  • Edmonton
  • Edson
  • Etobicoke
  • Fort Macleod
  • Fort McMurray
  • Guelph
  • Hinton
  • Husky Sunrise Camp
  • Kingston
  • Kitchener
  • Lloydminster
  • London
  • Manitoba
  • Markham
  • Medicine Hat
  • Milton
  • Mississauga
  • New Brunswick
  • Newfoundland and Labrador
  • Niagara
  • North York
  • Northwest Territories
  • Nova Scotia
  • Nunavut
  • Oakville
  • Ontario
  • Ottawa
  • Pincher Creek
  • Prince Edward Island
  • Quebec
  • Red Deer
  • Saskatchewan
  • Scarborough
  • St. Catharines
  • St. Thomas
  • Stettler
  • Stratford
  • Strathroy
  • Taber/Bow Island
  • Thunder Bay
  • Tillsonburg
  • Toronto (GTA)
  • Vaughan
  • Vermilion
  • Waterloo
  • Westlock
  • Windsor
  • Woodstock
  • Yukon
Choose Your Rate Type:
Choose Your Term
1 Year
Finished!
Your mortgage options are ready to be sent to you.
*Your information is 100% confidential.
^