Set your kids up for success

Youth bank account (0‑17 years)

It’s never too early to learn how to manage your money

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The first step toward financial independence

Managing pocket money is a good way for kids to learn financial responsibility and independence. Our offer for youths is specially designed with their needs in mind and will grow with your children, from infancy to adulthood.

Ideal for

  • Kids aged 17 and under 
  • Teaching them how to start banking online 
  • Showing them how to take the first steps in managing a budget 
  • Guiding them toward independence 

Take advantage of The Connected® package

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Digital transactions

Unlimited Interac e‑Transfers®

free of charge1

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How to open a youth bank account

Fill out an application online

It's fast and convenient. If your child is 14 or older, they can open a bank account on their own and choose The Connected® package, with no monthly fees.

If your child is already a client, he or she can sign in and apply online.

Visit a branch

Do you need assistance? You can make an appointment at any of our branches. Please note that if your child is under 14 years of age, you'll need to visit a branch to open a bank account for them. The presence of a legal representative (parent or guardian) is required.

Pouce en l'air


Even if your child is 7 or older, we strongly recommend a power of attorney so you can keep an eye on your child's account. Talk it over with your advisor.

Plan for your child's future


Save for your children's education and receive up to $12,800 in government grants.

Learn about RESPs

High Interest Savings Account

Benefit from a favorable interest rate and help your child get a good start in life.

See the savings account


Pouce en l'air

Did you know

If your child is 6 years or younger, the account opened in their name will be a trust account, meaning you maintain full responsibility even if it is in your child's name.

Ready to open an account?

Talk to one of our experts to get tailored advice.


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Little details that matter


The passbook option has not been available to new clients since May 4, 2015. If you are an existing client who uses a passbook with your account, a $2.50 monthly fee will apply.


For the fees associated with our products and services, consult the Fee Guide [PDF].

Contract governing personal deposit and investment accounts

For more information on the terms and conditions governing your new account, consult the Contract governing personal deposit and investment accounts document [PDF].

Access to basic banking services

For the terms and conditions governing whether a person may open an account or cash cheques and other items from the federal government, consult our guide to Basic Banking Services [PDF].

Access to funds policy

For details of our cheque hold policy, see the Access to Funds Policy [PDF].

Coercive tied selling

To understand what coercive tied selling is and what is not allowed, consult our pamphlet What you need to know about What you need to know about prohibited conduct [PDF].

Canada Deposit Insurance Corporation

Please refer to our page about Canada Deposit Insurance Corporation (CDIC)

FCAC account selector

Discover the Financial Consumer Agency of Canada (FCAC)’s account selector tool to compare bank accounts.

TM THE CONNECTED is a trademark of National Bank of Canada.

1. No fees for sending an Interac e-Transfer®.