The RBC Leo’s Young Savers Account is designed for children aged 0–12. It includes free unlimited debits, free Interac e-Transfer transactions, and no monthly fee or minimum balance.

RBC Advantage Banking for students gives you unlimited debits in Canada, free Interac e-Transfer transactions, savings on ATM fees and other benefits—plus, there’s no monthly fee if you’re a full-time student.

The best bank for a youth account will vary depending on factors such as where you live and how your child wants to use their account. The first thing you'll need to consider is whether you want to open a chequing or savings account, then how your child will access their money. Will they want a debit card they can use at a large ATM network? Do they need a bank with a user-friendly mobile app? Will they need to do any in-person banking at a local branch? Once you know what key features you need, you can narrow down your options to find the best youth bank account in Canada for you.