Generation Account™
Teach (and learn) money smarts from an early age.
Get their save on
Children earn annual interest on all balances, so even though they're free to move their money around, it's always working for them.
Make it all count
Unlimited transactions and no monthly fees mean kids can decide how to spend and manage their own money.
Start investing for less
Generation Account holders get the unique benefit of a lower minimum contribution to many of our investment savings accounts.1
Key product details
| Monthly fee | $0 |
| Interest earned | 0.10% on all balances2 |
| Interac e-Transfer® | Unlimited, free |
| Interac e-Transfer Request Money | $1.50 each |
Frequently Asked Questions
Anyone 19 years old or younger. A parent or guardian must be a joint account holder for kids under 12.
We'll send a letter before their 20th birthday suggesting a regular chequing account based on their last 3 months' transaction history. 20-year-old Generation Account holders will be automatically switched into this suggested account if we do not hear back.
If you would like to learn about other account options (such as the Students First Account, which is free for post-secondary students), you can always come into a branch or call our Client Care team at 1-800-332-8383. If you discover an option that works better for you, we can change the account type right away.
Yes. The Generation Account includes unlimited free access to ATB Personal and the ATB Personal banking app, as well as unlimited telephone banking inquiries.
Yes. Within Alberta, you pay regular fees at non-ATB ABMs. You should be notified of these fees and prompted to approve them before proceeding with the transaction.
Withdraw cash at any ABM outside Alberta, but within Canada, on our dime. We'll reimburse up to $4.50 per withdrawal for up to two withdrawals per month.
Travelling outside of Canada? Withdraw cash at any ABM on the Cirrus® network for a fee of $5 per withdrawal (this does not include fees you may agree to pay when making the withdrawal at the non-ATB ABM). We'll reimburse $8 for one withdrawal each month at ABMs in the US.3
Ready to get started?
Your children deserve good tools to help them manage their money. We're here to help you show them the ropes.
Find a chequing account for any age or life stage.
$100 is the minimum investment balance for Generation Account holders, Investment products are referring to non-registered GICs/CICs.
Interest is calculated on the daily account closing balance and paid monthly on the last day of the month. Interest is paid in the same currency as the account. Interest rates are calculated on a per annum basis. Interest rates and balance tiers are subject to change at any time without advance notice.
ABM withdrawals are converted to Canadian dollars using an exchange rate 2.5% above the exchange rate set by Mastercard International Incorporated (which operates the Cirrus® ATM Network). Some transactions may take a few days to be processed. You’ll be charged the applicable exchange rate on the day your transaction goes through your account, not necessarily the rate on the day you made the transaction.
Related documents: Little Book of Account Info (PDF), Additional Services & Associated Charges (PDF).
Interac e-Transfer is a registered Trademark of Interac Corp. Used under license.
Cirrus is a registered trademark of Mastercard International Incorporated. Used under license.
Springboard GIC is a registered trademark of ATB Financial.