Money. It's a fact of life.
And as a parent, one of the most important things you can do is teach your children how to manage their money. The Generation Account can help you do that.
| Generation Account details |
|---|
| Interest rate1 |
0.25% |
| Qualification requirements2 |
Ages 0–19 |
| Monthly account features and fees |
| Transactions included3 |
|
20 |
| Monthly fee |
|
No fee |
| Fee for transactions over monthly account limit |
| In-branch withdrawals and transfers |
|
n/a |
| Cheques |
|
$0.85 each |
| Electronic withdrawals |
|
$1.00 each |
| Electronic transfers |
|
$1.00 each |
| Monthly service features |
| Access to ATB Online™ banking |
|
Free |
| Access to ATB Mobile banking |
|
Free |
| Interac e-Transfer |
|
2 free then $1.50 each |
| Telephone banking inquiries |
|
Unlimited |
| Cheque image return |
|
Free |
| Withdrawals at non-ATB Financial automated bank machines |
| Interac network in Canada |
|
$1.50 each |
| Cirrus network outside Canada |
|
$5.00 each |
1 Interest is calculated (as simple interest) on the daily closing credit balance at the interest rate applicable to each portion of the credit balance on that day and is paid monthly. Interest rate shown above is an annual rate and is subject to change at any time without notice.2 Parent or legal guardian co-signature is required.3 Generation Account holders benefit from unlimited in-branch transactions at no fee, even after the monthly plan limit of 20 transactions is reached.