Chequing Accounts

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 ($100) 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 Online® and ATB Mobile banking, 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 $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.

Need help?

Our Client Care team will be happy to assist.