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Life Skills

Bank Account

Types of Bank Accounts

There are several different types of bank accounts but most folks start with a chequing account and/or a savings account. If you are a youth or a student, make sure to ask about low-cost accounts as they often have fewer fees. 

How to Open a Bank Account

Use the Account Comparison Tool (opens in new window) to see what banks accounts cost at different banks.

It’s important to find out about the fees that banks will charge you per month to use your account. Some typical fees include how many times you can make transactions (take money out or put money in), costs for e-transfers, and printed statements.  

Once you decide what bank you want to use, you can apply in person or online.

You will need to provide two pieces of ID (one picture ID and one other one like a birth certificate or SIN card).   

Looking for help?

Santiago Greico

Santiago Greico

Youth Service Navigator

Can Help With:

I can assist you with navigating services throughout the province. I can provide advocacy in situations where your needs and voices should be met. Help with appli...

Read Bio
Santiago Greico

Santiago Greico

(any pronouns)

Youth Service Navigator

Can Help With:

I can assist you with navigating services throughout the province. I can provide advocacy in situations where your needs and voices should be met. Help with applications, getting ID, housing, referrals to services and resources, mental health, and substance use system navigation, and understanding government systems work.

Favourite Quote:

“I’m trying to do better than good enough.” -Drake

Post-secondary pathway:

Addictions and Community Services Worker Diploma - CDI College. Current U of M student.

3 fun facts about me:

  • I play NHL habitually.
  • I like to watch cartoons.
  • I have a wide taste in all music.