Kids Bank Accounts (Children 12 and under)

Introduce your kids to banking with a bank account of their own. Our BMO Kids Discounted Bank Plans allow your child to hold as many individual or joint chequing and savings accounts as they need¹, for one monthly bank fee. Our Kids Discounted Bank Plans feature a discount of $9.95 per month¹ on your child’s monthly bank fee–that’s a savings of up to $119.40 per year. And if you choose the Plus Plan, there’s no monthly fee²¹ on your kid’s bank accounts.