Generation Account™
Free banking for Albertans 25 and under: no monthly fees, easy management
Make it all count
Unlimited transactions and no monthly fees mean Albertans 25 and under can decide how to spend and manage their 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
Know we've got your back
Get the support you need with free access to our financial experts, as well as digital banking with ATB Personal web and the ATB Personal banking app.
Key product details
| Maximum age | 25 years of age and under |
| Monthly fee | $0 |
| Interac e-Transfer® | Unlimited, free |
| Interac e-Transfer Request Money | $1.50 each |
Frequently Asked Questions
The account is best for young Albertans between the ages of 13 and 25. If you are 13 and over you can have an account in your name only or joint with a parent, guardian or grandparent. For individual accounts in young Albertan's name only, the account holder must provide valid identification at account opening. For kids between 9 and 12, a parent guardian, or grandparent must be a joint account holder and present valid identification.
We'll send a letter before your 26th birthday suggesting a chequing account based on your last 3 months' transaction history. 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, you can always come into a branch or book an appointment. 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.2
This account currently offers a line of credit. Additional features like overdraft protection and global transfers will be available sometime in 2024.
Ready to get started?
You deserve good tools to help manage your money. We're here to help.
Find the right unlimited chequing account for you.
Bank without limits
Unlimited Account
Unlimited transactions and flexible overdraft protection for a low monthly fee.
Bank with an advantage
ATB Advantage Account
Get started with managing your money
Generation Account™
It's never too early to learn money management. Albertans 25 years of age and younger can save, spend and transfer for no monthly fee.
All-in free digital banking
No-Fee All-In Digital Account®
Get a line of credit and chequing account in one, with no-fee digital banking.
Reap well-earned rewards
Freedom Account
$100 is the minimum investment balance for Generation Account holders, Investment products are referring to non-registered GICs/CICs.
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.
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.