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  1. Nov 1, 2024 · The best kids bank account in Canada for November 2024. While we think the CIBC Smart Start Account is the best overall kids' bank account in Canada, there are others worth looking at. None of the accounts listed here require a minimum balance, and only one has a monthly fee.

  2. Special offer: Get up to $600 † cash after you open your first CIBC Smart™ Account, then open a CIBC eAdvantage ® Savings Account. Conditions apply. Learn more to qualify for the CIBC Smart Account offer.

  3. Oct 31, 2024 · CIBC youth account: Best for kids who want low-fee chequing with perks. You need to be under 25 to qualify, but perks include unlimited Interac e-transfers and debit transactions, commission-free ...

    • Shannon Terrell
    • CAN-legal@nerdwallet.com
  4. Aug 2, 2024 · Here are some of the best accounts currently available. CIBC Smart Start. CIBC offers a smart account for youth and students. This account also allows you to engage in no-fee banking up until the age of 25. For parents of children under 13, you can set up recurring transfers into your child's account and gain access to the joint account with ...

    • CIBC Advantage for Youth Account: Best Overall. Why it’s great: Free SPC membership for special discounts in hundreds of stores in Canada. No monthly fee, unlimited free transactions + Interac e-transfers.
    • Scotiabank Getting There Savings Program for Youth: Best for Rewards. Why it’s great: Earn and redeem rewards over time with the Scene+ program. Earn a 0.05% interest rate for balances less than $500 and 0.10% for balances over $500.
    • TD Student Chequing Account: Best for Extended Benefits (until 23 years of age!) Why it’s great: Available until 23 years of age. No monthly fee on overdraft protection service.
    • Tangerine Children’s Savings Account: Best for Digital Banking + High-Interest Rate. Why it’s great: The highest interest rate for youth accounts in Canada (0.20%)
  5. Aug 1, 2024 · Best kids bank account to get student discounts ... Eligibility age: Under 25 Monthly fee: None. CIBC's Smart Start account is another great option as a kids' chequing account. The account offers ...

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  7. The CIBC Smart Start Account is a chequing account tailored for Canadians under the age of 25, and its convenient features make it very attractive, especially to students. And since CIBC is one of Canada's big 5 banks , the young account holders can rest assured of their bank's security and reliability.

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