Financial Product Reviews
Bank accounts for kids tend to be pretty bare bones, and pale in comparison with its "adult" counterparts. However, the National Bank Youth Bank Account doesn’t take that approach. It offers free unlimited transactions to youths under the age of 25 with no monthly fee, free access to over 3,000 ABMs, and much more.
- Can be opened by youths as young as 14, and as old as 24
- Next to no fees
- Users can deposit cheques from their phones
- Access to balance and transactions in real-time via National Bank App
- Limitless debit and Interac e-Transfer transactions
- Users can only have this account until they turn 25
- Doesn’t offer many other perks
- Not as many locations as the Big 5
- It doesn’t earn any interest
- Canadian resident
- Under 25 years old
The Laurentian Bank 65+ Plan is a very simple and straightforward chequing account designed for seniors who don't do much spending or who prefer to use cash to complete their transactions. While clearly a niche product for those over the age of 65+ living in Quebec, this account from one of the country's oldest banking institutions still has excellent value for its target clients.
- No monthly fee
- No minimum balance requirement
- Access to an extensive ATM system
- Limited features overall
- Only 4 free transactions included
- Few branches outside of Quebec
- Be at least 65 years old
The TD Student Chequing Account provides a budget-friendly banking solution for young people and full-time students. It comes with unlimited transactions, no monthly fees, and even a modest interest rate. New signups can get a welcome bonus of up to $125, along with discounts on trades through TD Direct Investing.
- No monthly fee for this account
- Unlimited transactions and e-Transfers
- Free overdraft protection
- Earn 0.01% interest on account balance
- Earn 50% more Stars at Starbucks
- Extra ATM fees
- Welcome bonus requires a few extra steps
- Lacking extra perks like CIBC or Scotiabank’s student accounts
- Be the age of majority in your province or territory
- Must be under the age of 23 or a full-time student
- Earn 50% more Starbucks stars
- Free overdraft protection
- Discounted trades with TD Direct Investing
The Laurentian Bank Youth Plan is a chequing account created for children and teens under the age of 18. With no monthly fee, unlimited debit transactions, and access to a widespread network of ATMs, young Laurentian clients may find significant value in this account.
- No monthly fee
- Unlimited debit transactions
- Free access to an extensive ATM network
- Strange minimum balance requirement
- No free Interac e-Transfers
- Can't apply online
- The future of the account is uncertain
- Be under 18 years old
- Be a citizen or resident of Canada
- Have a valid government-issued ID
The TD Minimum Chequing Account is very well suited for people with minimal banking needs. Notably, seniors over 60 years old who are collecting the Guaranteed Income Supplement (GIS) and Registered Disability Savings Plan (RDSP) beneficiaries can use this account without paying the $3.95 monthly fee.
- Free for seniors collecting GIS
- Free for RDSP beneficiaries
- Low monthly fee
- Earn extra Starbucks rewards
- Limited amount of transactions
- Additional transaction and ATM fees
- No free e-Transfers
- Age of majority
- 50% more Stars at participating Starbucks stores
- Free for RDSP beneficiaries and seniors receiving GIS
The Laurentian Bank Unlimited Account is a reliable and cost-effective chequing account available for all Canadians. With unlimited transactions, a reasonable fee, and plenty of ATMs available, this product can provide the convenience you're looking for in a chequing account.
- Unlimited transactions
- Reasonable monthly fee
- Lower fees for seniors and students
- Extensive ATM network
- Complicated minimum balance requirement
- Limited branch access
- Few freebies or perks
- Be a Canadian citizen, permanent resident, or landed immigrant
- Be at least 18 years old
- Access to the extensive THE EXCHANGE Network of ATMs
- Reduced monthly fees for students and seniors
The RBC NOMI Find & Save account is one of the most unique savings accounts in Canada, taking the idea of automating your savings to the next level thanks to its predictive technology. NOMI will track the cash flow of your RBC chequing account and move over some extra cash it thinks you won't miss to your savings account automatically.
- Completely automate your savings
- Payment protection helps cover upcoming costs
- Free to move money between your other RBC accounts
- Low interest rate of 0.2%
- Limited access to your money
- Unable to customize the automatic transfer amount
- Payment protection doesn't protect against debit purchases
- Be a resident of Canada
- Have an RBC chequing account
The CIBC Smart Start Account is a chequing account tailored for Canadians under the age of 25, and its convenient features make it very attractive, especially to students. And since CIBC is one of Canada's big 5 banks, the young account holders can rest assured of their bank's security and reliability.
- No monthly fees until age 25
- Unlimited transactions
- Free SPC+ membership
- CIBC Investor's Edge trading perks
- Save up to 10 cents per litre on gas
- Welcome and referral bonuses
- Converts to the CIBC Smart Account at age 25
- Unaffiliated ATM fees are rather high
- Under 25 years of age or a parent of a youth under age 13
- Free SPC+ membership
- Earn up to $500 each year with referrals
- Save on gas with Journie Rewards
A time-honoured staple of Canadian journalism, The Globe And Mail Home Delivery (Saturday Only) provides you with the physical iteration of one of the nation's favourite newspapers. Founded in 1844 by George McCullah, this paper has seen incredible growth and now reaches approximately 6 million readers weekly. These readers have a range of top-quality articles to choose from, including Canadian and international business, political, sports, and personal finance news, just to name a few areas of coverage.
- Unlimited digital access included
- Exclusive events, newsletters, tools, and guides
- Audio feature to read articles to you
The Canadian Tire High Interest Savings Account makes it easy to grow your money with a competitive 2.4% interest rate, no minimum balance requirements, and no monthly fees. You’ll also get unlimited transfers between Canadian Tire accounts through the Triangle app, giving you a straightforward and flexible way to stay on top of your finances.
- Earns an impressive interest rate
- Unlimited transfers between Canadian Tire accounts
- No monthly fees or minimum balance required
- No extra perks or benefits available
- Limited customer service options available
- Not available for residents of Quebec
- Age of majority










