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An easy way to get your kids started with banking

The TD Student Chequing Account is the account for today's younger generation, supporting great banking benefits and no monthly fees. They’ll earn interest on every dollar, so their savings could grow while they sleep.

Start by opening a new TD Student Chequing Account and your child could get $25 cash^∏. Learn more.

Monthly Fee $0
Transactions¹ included per month Unlimited
Interest calculated on Every Dollar
Interac e-Transfer® Free

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Why we think you’ll love this bank account for your child

Help your child save

They’ll earn interest on every dollar to help encourage saving and build good financial habits.
View their spending & saving

Open a joint account to have full access to your child’s account when you login to EasyWeb, the TD app², or TD MySpend³.
Transfer money easily to your child

Use account transfers and Interac e-Transfer®⁴ to add money to your child’s account and help them start saving.
Secure online banking

You're protected with our Online & Mobile Security Guarantee. Use TD Fraud Alerts⁵ to be notified by text of questionable activity on the account.

Banking made fun

Teaching kids about banking and saving can be a blast! Introduce your child to the idea of setting saving goals that are exciting. Discover the magic of watching their piggy bank grow and learn how to set (and smash!) savings goals.

Watch young Bradley's enthusiastic parents take the first step of creating a bank account in this video and help him to start budgeting for things he hopes to buy.

Start planning for your child’s future

Learn more about Saving vs. Investing your money at our Personal Investing Learning Centre.

Saving for your child
Investing for your child

Start the savings conversation today

Saving isn't just about putting away coins - it's a secret superpower! With a savings account, your child can:

Become a money master! Learn the difference between "gotta-have-it" toys and smart saving goals, like that epic bike or dream vacation.
Turn wishes into reality! Set mini-saving challenges and watch their piggy bank overflow with magic - every penny counts!
Make choices like a champion! Understand how saving for bigger things means saying "no" to smaller ones. It's all part of being a responsible grown-up!

Consider this option

Open a TD Every Day Savings Account for your child to grow your savings with interest earned on every dollar. Our automated savings tools such as Pre-authorized Transfer Service or Simply Save Program make it easier to save for your child's financial goals.

Our most popular savings account
Ideal if you’re starting to save or want frequent access to your money
Every dollar in your account earns interest, calculated daily

Take the first step

Investing in your child's financial success

As a parent, you want the best for your child. Start building your savings for your child’s future with investments that are meaningful to you and set them on the path to achieve financial independence.

Educating your child and investing for your children from a young age can help boost their financial future. TD can provide guidance to help you grow what you have, wherever you're at in your journey.

RESP for a child's education

TD offers several RESP options designed to meet your specific needs. Book an appointment with one of our banking specialists to give a child's future a head start and take advantage of available government grants!

With an RESP, you can help plan for the cost of a child's education including tuition, books, transportation and rent
Earn Government Grants: Each child may be eligible to receive up to a lifetime maximum amount of $7200 in Government Grants and up to $2000 in Bonds
Flexibility to choose between individual or family RESP plans where Family plans allow sharing of grant money* (limitations and eligibility requirements apply)
Grow your savings stress-free: Set up an automated savings plan to make it easy and part of your routine to grow your savings for a child's education

Move forward

Take the first step towards saving for your goals with TD Goal Builder

Having a goal is just the beginning. Reaching it takes an understanding of what you need to do to get there. TD Goal Builder can help you do just that.

Learn more

Raising financially responsible kids? We've got your back!

Helping your kids learn good money values is part of being a parent. Check out our helpful articles and resources.

Teaching kids about money

Learn how to teach kids about money management, spending habits, and other financial lessons.
Save for a child’s education

See how investing in a RESP can help you save for a child’s post-secondary education.
Individual or Family RESP: Which is right for you?

An RESP can be a good way to maximize savings for post-secondary education. But, do you know which plan may be right for your family?

Frequently asked questions

There are no hidden fees for your child’s day-to-day banking needs.

The TD Student Chequing Account has no monthly fee, and includes unlimited transactions, and no transfer fee to send or request money using Interac e-Transfer®.

Your child can keep this account with no monthly fee until age 23.

Find all the fees and details here without any hidden surprises: About our accounts and related services (PDF) and List of Services & Fees (PDF).

Your child can keep the TD Student Chequing Account and pay no monthly fee until the age of 23. Once they turn 23, your child can continue to keep this account with proof of enrollment in full-time post-secondary education.

If you don’t provide proof of enrollment, the account will automatically convert to a fee-based TD chequing account that can still meet their evolving banking needs.

The way your child's account is set up determines your ability to access their account and make transactions.

If the account is a Joint Account, then you can withdraw money. In a joint account, both you and your child have equal access to the money in the account, regardless of who deposited the money. You can access the account with your own TD Access Card, and view the account activities through EasyWeb or the TD app.

If your child is 14+ years old and the bank account is in their name only (Single Account), you cannot withdraw money.

Legal

Financial literacy starts at home

An easy way to get your kids started with banking

An account designed for kids and teens

Why we think you’ll love this bank account for your child

Help your child save

View their spending & saving

Transfer money easily to your child

Secure online banking

Banking made fun

Start planning for your child’s future

Start the savings conversation today

Consider this option

Investing in your child's financial success

RESP for a child's education

Take the first step towards saving for your goals with TD Goal Builder

Raising financially responsible kids? We've got your back!

Teaching kids about money

Save for a child’s education

Individual or Family RESP: Which is right for you?

Frequently asked questions

Continue exploring

See you in a bit

What do you need to bring to your appointment:

Make the most out of your child’s appointment:

Financial literacy starts at home

An easy way to get your kids started with banking

An account designed for kids and teens

Why we think you’ll love this bank account for your child

Help your child save

View their spending & saving

Transfer money easily to your child

Secure online banking

Banking made fun

Start planning for your child’s future

Start the savings conversation today

Consider this option

Take the first step towards saving for your goals with TD Goal Builder

Raising financially responsible kids? We've got your back!

Teaching kids about money

Save for a child’s education

Individual or Family RESP: Which is right for you?

Frequently asked questions

How can I use this account to start saving for my child?

When is a good time to open an account for my child?

Are there any hidden fees on the TD Student chequing account?

How long can my child keep this account?

Can I withdraw money from my child's account?

Can I oversee my child's spending?

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