The Best Youth Accounts

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*Note: This page was updated on June 25th, 2020. This information on the best youth Bank accounts is subject to change and it’s important to verify the details before you open an account.

Important to Have the Right Youth Account

All of the major banks offer free youth accounts for those that are under 19 years of age ( under 13 for RBCs account). However, some account are much better than others – offering additional benefits such unlimited transactions, Scene points and free e-transfers.

Finding the best account can set yourself or your youth down the best personal finance path. Below you can find all of the accounts available at the major Canadian banks .

The Best Youth Bank Accounts

In our opinion, the best youth Bank account is Scotiabank’s Getting There Savings account. This account offers unlimited transactions (including e-transfers), and the ability to earn Scene points to see free movies. 

The close runner up is CIBC. This account offers unlimited transactions and e-tranfers, but no additional features


Getting There Savings

  • No Fee
  • Unlimited Transactions
  • Unlimited e-transfers
  • Earn Scene Points
  • Website Link

Advantage for Youth Account

  • No Fee
  • Unlimited Transactions
  • Free e-transfers
  • Free record keeping options
  • Website Link

Youth Savings Account

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

Plus Plan

  • No fee
  • 25 Monthly Transactions/$1.25 for each extra
  • Unlimited e-transfers
  • Unlimited option for a monthly fee of $5 
  • Website Link

Leo’s Young Savers Account (12 and under)

  • No fee
  • 15 Monthly Transactions and $1.25 for each extra
  • Unlimited e-transfers
  • Free paper statements
  • Website Link

If you have any further questions, please don’t hesitate to contact me at info@ffcoach.ca or 647-289-0012. You can also find more about us here and can sign-up to our newsletter below.[wysija_form id=”2″]

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jordon
jordon
4 years ago

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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