The Best Youth Accounts

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* Note: This page was updated on August 24th, 2017. Account information is subject to change, and it’s important that details are verified before opening an account.

Most banks offer free accounts to youths – those that are 18 years and younger, however some account are better than others. These accounts offer additional benefits that can help them in other ways, such as by earning Scene points to see free movies or by sending free e-transfers.

In our opinion, the best Youth Accounts is Scotiabank’s Getting There Savings account. This account offers unlimited transactions, two free e-transfers a month, and the ability to earn Scene points to see free movies. 

The runner-up is BMO’s Plan Plus Account, offering 30 monthly transactions and unlimited e-transfers.

If you have any further questions, please don’t hesitate to contact me at info@ffcoach.ca or 647-289-0012. You can read more about us here and sign-up to our newsletter below.

Youth Accounts

Scotiabank’s Getting There Savings

  • No Fee
  • Unlimited Transactions
  • 2 Free e-transfers a month/$1 for each after. 
  • Free Paper Statements
  • Earn Scene Points

CIBC’s Youth Account

  • No Fee
  • Unlimited Transactions
  • $1.50 per e-transfer
  • Free record keeping options

TD’s Youth Savings Account

  • No fee
  • Unlimited Transactions
  • E-transfers are $0.50 when under $100 and $1.00 when over $100

BMO’s Plan Plus

  • No fee
  • 30 Monthly Transactions/$1.25 for each extra
  • Unlimited e-transfers (within transactional limits)
  • Free paper statements

Royal Bank’s Leo’s Young Savers Account

  • No fee
  • 15 Monthly Transactions and $1 for each extra
  • Unlimited e-transfers
  • Free paper statements

One thought on “The Best Youth Accounts

  1. jordon

    Hello there! This blog post couldn’t be written much better!

    Looking at this post reminds me of my previous roommate!

    He always kept preaching about this. I am going to forward this article to him.
    Fairly certain he’s going to have a very good
    read. Many thanks for sharing!

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