In this guide, we help you narrow down the best kids bank accounts in Canada and explain the advantage of each account. 10 best bank accounts for kids in Canada in 2025 Best overall kids account: BMO Performance Chequing Account Best hybrid chequing and savings account: Scotiabank Getting There...
Most bank accounts for kids come with robust parental controls so you can still monitor your child’s money management while encouraging them to learn how to manage money. How to Open Bank Accounts for Kids Most bank accounts for kids are a joint account with a parent or guardian. If you ...
Best for kids of all ages: Capital One Kids Savings Account Why we chose it:You don’t have to wait until your child is a certain age to open this account. A parent or a legal guardian can open this account for a baby. Grandparents can open one of these accounts when the child turn...
It doesn’t really matterwhythey offer the accounts, though. What matters for you is the fact that they do! Let’s see what the best children’s bank accounts have to offer. Best Kids Bank Account in Canada: Tangerine Children’s Savings Account ...
Bank accounts for kids Bank of Scotland Barclays Halifax HSBC Lloyds Metro Bank Nationwide NatWest Santander A-Z There are two types of spending accounts for children: prepaid cards and children’s current accounts. With a child’s current account, you can set up a standing order instead of...
In addition, Capital One lets parents open and nickname multiple accounts for their kids’ separate savings goals. While Capital One operates primarily as an online bank, it has a few hundred branches and cafes. While there’s no minimum age, kids under 12 must have joint accounts co-owned ...
If you want to check out other great online banks, many of which offer kid’s bank accounts, check out our full article on the Best Online Banks in Canada. Best Kids Bank Account in Canada 2025 Comparison Opening a kids bank account in Canada is a quick and easy process, much like ...
Kids or youth savings accounts are bank or credit union deposit accounts that are available only to customers younger than 21—though they're sometimes capped at age 12 or 18. They provide a way for young savers to deposit funds and earn some interest, but also serve as a way for kids ...
The best savings accounts for kids 1. Ally Bank child account Get started with Ally Ally is an online-only bank, and it offers a variety of custodial accounts to help your child save, spend, and invest their money. If you're looking for a full-service bank that has the features ...
Greenlight enhances your child’s ability to manage money by offering one of the best bank accounts for kids. Saving, spending, and earning are all under parental supervision. The app’s saving feature promotes goal-setting by allowing kids to save money for future purchases. In contrast, the...