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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, sporting great banking benefits and no monthly fees. They’ll earn interest on every dollar, so your child's savings could grow almost as quickly as they do.

Why 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.

Start Planning for Your Child’s Future

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

  • Saving your money:

    • Can help you plan for future goals, like your child's education.
    • Can be done regularly on a schedule that works for you, with automatic saving tools.
    • Is an important and powerful habit that can be developed at any age.
    • Open a TD Savings account and start saving today.
  • Investing your money:

    • Can be a great way to plan and save for your child's education.
    • Means buying an investment product (GICs, Mutual Funds, etc), with money you've saved or are saving regularly.
    • May grow your money faster than saving alone.
    • Start investing today with Personal Investing.

Want to see how they're spending and saving?

That's doable. Open a joint chequing and savings account with your child and keep an eye on their day-to-day spending and saving.

Planning for your child's future? You’ve got this.

  • Great for: 

    • Saving for your child’s education
    • Enjoying tax-deferred growth before paying for post-secondary school
    • Paying for a variety of post-secondary expenses, like tuition, textbooks, and rent
    • Accommodating all children on one Family Plan6
    • Speak to your TD advisor to learn about the government benefits available to you within a RESP
  • Great for: 

    • Saving for your short and long-term goals, like paying for your child's education
    • Tax free growth in your TFSA7
    • The flexibility to withdraw your money when you need it
    • Investing in a variety of options including Mutual Funds and GICs

Learn more about your options and help set your kids up for financial success

Money conversations with kids made simple

It’s never too early to talk to your kids about money – and we’re here to support you every step of the way. Check out the articles and resources we’ve shared below to help guide your family on its financial journey.

Frequently asked questions

When you open a TD Student Chequing Account, you earn interest on every dollar which can help your child grow their money.

You can help boost your child's saving by also opening a TD savings account for them and setting up an automated savings plan, such as the Simply Save Program.

You can open a TD Student Chequing Account for your child at any age. They can keep this account with no monthly fee until age 23. Choosing your child’s first bank account is a step towards starting their financial journey to help them build a financial foundation for their future.

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 the account is opened with Signing Authority, then you can withdraw money using your child's TD Access Card. Once they reach the age of majority in your province or territory of residence, you will no longer have access to the account.

If your child is 12+ years old and the bank account is in their name only (Single Account), you cannot withdraw money.

As a joint account holder with your child, you have full access to your child's account. You can see their account details when you log into EasyWeb or the TD app using your TD Access Card, and track their spending and savings as they grow.

If you have Signing Authority on the account, then you can access the account using your child's Access card. However, once your child reaches the age of majority in their province or territory of residence, you will no longer have access to the account.

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