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Meet with a banking specialist
Start by opening a new TD Student Chequing Account
and your child could get up to $20 cash∏.
Key features of TD Student Chequing Account
- $0 Monthly Fee (until 23 years old or with proof of enrollment in full-time post-secondary education)
- Unlimited transactions.
- No transfer fee to send or request money using Interac e-Transfer®
- Interest calculated on every dollar
Once your child opens the account, here are steps to complete
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1
When you make a deposit, earn cash towards your child’s saving goal
Get $10∏ in cash for your child when you deposit $25 in the first 30 days after opening an account.
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2
How do I and my child qualify?
You’ll need to accompany your child and provide your own valid photo ID, such as a valid passport or 1 piece of valid Canadian government-issued photo ID (like a driver's license or permanent resident card). If you don’t have valid photo ID, you can bring two pieces of non-photo ID (like a Canadian Birth Certificate and a residential utility bill) to your child’s appointment.
They’ll need valid photo ID, such as a valid passport or 1 piece of valid Canadian government-issued photo ID, like a permanent resident card.
Or, if your child doesn’t have valid photo ID, they can bring valid non-photo ID that contains their name and date of birth, like a Canadian Birth Certificate or Canadian Citizenship Certificate, to the appointment. You'll also need to accompany your child to the appointment and bring your own valid photo ID, such as a valid passport or 1 piece of valid Canadian government-issued photo ID (like a driver’s license or permanent resident card) or two pieces of valid non-photo ID (like a Canadian Birth Certificate and a residential utility bill) to the appointment.
They'll need valid photo ID, such as a valid passport or 1 piece of valid Canadian government-issued photo ID. That could be a driver’s license (if they have one), or a permanent resident card.
Or, if the teen doesn’t have valid photo ID, they can bring two pieces of valid non-photo ID to the appointment.
For those that are the age of majority in their province or territory of residence, check out the student banking offer
Make the most out of your appointment
- Before the appointment, think about some financial goals for your child, like saving for school, a new bike, or the latest tech. The more specific the goal, the better we’re able to help you and your child.
- During the appointment, we’re happy to answer questions that help both of you work towards your financial goals.
- After the appointment, you can keep us up to date if financial goals change so we can help you get on track towards those new goals.
Frequently Asked Questions
You will need to visit the nearest branch with a valid ID for you and your child to open the account. Your child must be the age of majority in their province or territory of residence to open the account online.
Yes it is. The account can be opened for a child aged between 0 to 23 years with no monthly fees. After 23, your child can continue to keep this account with proof of enrollment in full-time post-secondary education.
Absolutely! They can earn interest on every dollar in their TD Student Chequing Account. Once set up, our Simply Save program automatically helps grow their savings every time they use their TD Access Card. Learn more
The first $10 is going to be deposited within 12 weeks after the initial $25 deposit and the second $10 within 12 weeks after the subsequent $25 deposit, provided that the New TD Student Chequing Account is still open, in good standing, with all conditions continuing to be met.
Yes absolutely. If your child is new to chequing and you are an existing TD chequing account holder, your child is eligible. However, existing TD Student Chequing account holders are not eligible.
Book an appointment with one of our banking specialists to open your account.
No, there are no monthly fees with the TD Student Chequing account. Keep this account with no monthly fee until age 23. After 23, you can continue to keep this account with proof of enrollment in full-time post-secondary education.