Home / Youth and Parent / I'm a teen 

Visit a branch to
open an account

Enjoy the perks of having your own bank account

With the TD Student Chequing Account, you get the benefits of banking with TD and earning interest on every dollar in your account. Use the convenience of unlimited transactions to send and receive money safely for free from friends and family, through Interac e-Transfer®.

Why you’ll love your account

  • Enjoy the freedom of your own TD Access Card

    Use your card to shop securely online and in store. Add your TD Access Card to your smartphone’s digital wallet to pay on-the-go.

  • Send & receive money from friends and family 

    Use Interac e-Transfer® with no fees when you want to chip in for pizza with your friends or request money from your parents.

  • Watch your money grow

    Earn interest on every dollar in your account. This can help you build your savings and get a head start on creating good financial habits.

  • The account that grows with you 

    Keep this account with no monthly fee until age 23. After 23, proof of enrollment in full-time post-secondary education is required. 

Account access that can fit your needs

There are different levels of parental oversight depending on your needs and age. You can choose to open a Joint Account or a Single Account. Whatever you decide, based on your age, we’ve got you covered.

If you're the age of majority in your province or territory of residence and in school, check out the student banking offer.

You’re never too young to learn good money management

Building good money habits today can give you a financial head start for tomorrow. Check out the video where Bradley, our excited young customer has just started his savings journey.

A few banking basics to help you get started

  • Chequing accounts are for day-to-day transactions while Savings accounts can help you achieve short and long-term saving goals.
  • Automate your savings. Set it up once, and a part of your pocket money or earnings from your summer job will go straight into your savings account without you having to think about it.

Money 101: Hacks for smart spending

  • If you're looking to save more money but don't know how, play the video or read more on how you can make a budget, and more importantly, how you can stick to it.

  • Determine what’s "essential" to you and what's "nice to have" — then learn how to budget accordingly.

  • If you want to start saving money, it's a good idea to first come up with a savings strategy. Explore these tips to get started.

Frequently asked questions

A bank account can be a safe place to keep your money.

It's easy to deposit allowances from parents, birthday money, and to send and receive money from family and friends with Interac e-Transfer®.

You also can deposit your pay from a part-time job, if you have one (check with your employer to see if you can set up direct deposit).

You can use a bank account to pay for things like your cell phone bill and streaming subscriptions.

You will also get a TD Access Card (also known as a debit card) to access your money from your TD Canada Trust bank account. 

Teens who are 14 years old and older can open a TD Student Chequing Account without a parent or legal guardian.

They will need one (1) valid photo ID, such as a valid passport or Canadian government-issued photo ID, like a driver's license (if they have one) or permanent resident card.

Find out what else to bring to the appointment.

You can use your TD Access Card (also known as a debit card) to get cash from your TD Canada Trust bank account at any TD ATM for free, or from a non-TD ATM for a fee.

You can also shop securely in-store or online (wherever Visa* is accepted), make in-app purchases, and tap to pay in-store with Interac Flash®. 

We have tools to protect your private information and reduce risk of fraud.

With TD Fraud Alerts, you'll receive a text message to the mobile phone number on file if we detect any suspicious activity on your account. And it's available at no cost. 

TD will never email or call you asking for passwords, account numbers or PINs.

Check out ways to protect yourself online

Create a budget. Figure out how much money you have coming in, such as allowances from parents, or maybe from a part-time job. Then subtract your expenses – things you have to pay for, like cell phone bills, music subscriptions, and a little bit of spending money.

Use the TD MySpend app2 to help track your daily and monthly spending and saving and create a wishlist of savings goals.

Start using your TD Student Chequing Account to earn interest on every dollar on the money you keep in your account. 

There are different levels of parental oversight: a Joint Account or a Single Account.

If the bank account is Joint, then all account holders have full access to the account and can make transactions.

However, if it is a Single Account, then only the named account holder (Youth) will have access to their account. Your parent or legal guardian does not have access and cannot withdraw money from your bank account. This account access option is available to those 12+ years old.