Best for spending and saving:Step Visa Card Best for teens:Capital One 360 Performance Savings Best for savings roundups:Ally Bank Savings Account Best for growing with your child:Alliant Kids Savings Account Best for customer support:First Internet Bank Tomorrow’s Tycoons ...
Regardless of the type of account you choose, you’ll likely need to open ajoint bank accountwith your child as long as they’re still a minor. A few states let minors open savings accounts on their own. However, many financial institutions require a responsible adult to co-open deposit a...
Give your child money confidence early on with an everyday spending bank account. Current account and debit card (ages 11-17) Good for: more financial independence with no parental controls. Our Adapt bank account for children and teens. Tap to pay with contactless, Google or Apple Pay. Ea...
savings accounts. a bank account for kids might require an initial deposit of $25 to $100. a savings account for youngsters can introduce them to the idea of putting money away and even help them learn about concepts like compound interest. they can deposit money from birthdays, holidays, ch...
Best Indigenous-led kids bank account: First Nations Bank of Canada Youth Savings Account Best youth account: National Bank The Connected Account with Student Offer Best joint parent + kid bank account: Mydoh Smart Card Best student account: TD Student Chequing Account How we picked the best ban...
What to look for in a bank account for kids There are a few things to consider when choosing abank accountfor a child. The goal is to find a flexible, low-cost account that assists with improving financial literacy. Here are some features to look for: ...
Don't be tempted by quick money. Don't lend your bank account to anyone to launder money The services / products mentioned herein are not targeted at customers in the EU. Subject to relevant terms and conditions. For details, pleaseclick here. ...
Help your kids feel financially independent with a GoHenry kids' debit card. It's just like a regular kids' bank account—but way better!
Now until the end of October 2022, they offer a $75 Amazon gift card if you open the TD Student Chequing Account. Canada’s Runner up for Kid’s Account with the Best Welcome Bonus: RBC Leo’s Young Savers Account Royal Bank’s Leo’s Young Savers Account is targeted at younger kids...
Before choosing a bank account for kids, decide what you want out of it. Are you looking strictly for an account to save money or do you want an account with more features, such as credit building, ATM access, or a debit card?