The UCU Youth Unlimited Account provides your child with more than just
a bank account – it will help your child learn about the importance of saving,
the benefits of earning compound interest and the many lessons of financial
literacy.
Available for Canadian citizens or permanent residents up to the age of
24 who attend school full time, this account will provide all the banking services
your child will need to develop lifelong healthy financial habits.
UCU Youth Unlimited
Account Benefits
Account Features
As your child grows and matures, UCU automatically adds new benefits to the youth account at three distinct age points.
Common Account Benefits:
- Free deposits and withdrawals
- No monthly maintenance fees
- No minimum balance required
- Preferred interest on the first $1,000
Age 11 - Benefits Added:
- Free UCU Youth Unlimited Debit Card
- Free deposits and withdrawals at UCU & The EXCHANGE Network ATMs
- 3 Free ATM withdrawals at any bank
Age 16 - Benefits Added:
- Free personalized cheques
- Free unlimited chequing
- Free bill payments
Age 18 - Benefits Added:
- UCU Mastercard (upon approval)
- Student Line of Credit (upon approval)
- Opportunities to apply for UCU scholarships
Convenient
Banking
- Three ways to bank - visit a branch, use the nearest UCU or Exchange Network ATM or use UCU Online banking
- Sign up for ucublu, our online-only bank account
- Download the UCU
APP and use a phone or tablet to conduct banking transactions
Financial
Literacy
With a UCU Youth Unlimited Account, your child will gain a better understanding
of finances. They will watch their money grow with the benefit of compound
interest, learn to use a debit card responsibly and get a head start on better
money management.
Develop a
Relationship With UCU
The Youth Account will provide a springboard for your child to develop a
personal relationship with UCU Branch staff. This will demystify the banking experience and
give your child access to products and services for students such as UCU Student
Lines of Credit which is available to eligible post-secondary students to help
cover the cost of education and living expenses. Read more about UCU
Student Lines of Credit and how your child could benefit.
Eligible for UCU
Scholarships
Every year, UCU offers a selection of scholarships for post-secondary
students geared towards a specific area of study. To be eligible, a student
must be a UCU Member for at least two years. Opening a UCU Youth Unlimited Account for your
child will put them in a position to earn valuable scholarship money in the
future. Read more about the UCU Scholarships program and how
it could help your child.
To open a Youth Unlimited Account please visit your nearest UCU
Branch.
