Personal Finance

Bank account for children

  • Last Updated:
  • Mar 28th, 2020 5:44 pm
[OP]
Deal Addict
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Aug 1, 2007
1407 posts
205 upvotes

Bank account for children

What bank accounts are available for children that can be opened online? I imagine most bank branches are closed these days.

My children just got a couple employment cheques for a one-time job done last year. I bank with Simplii and they said they don't accept counter-signed cheques.

My other plan was to deposit to their resp but that might have the same problem since it's my name on the account.
4 replies
Deal Addict
Mar 10, 2009
2341 posts
139 upvotes
Mississauga, ON
CIBC and TD Bank I know has account for kids
Deal Expert
Aug 22, 2011
33679 posts
19472 upvotes
Ottawa
"The first step to getting a Tangerine Children's Savings Account is to open a Savings or Chequing Account of your own, if you don’t already have one."
Deal Addict
User avatar
Apr 21, 2009
3366 posts
1299 upvotes
Grimsby
+1 for Tangerine.

I get the odd cheque written in my children's names during the year, and use the child account through tangerine for an easy deposit (and then usually later transfer to an RESP for them I have with TDDI).

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