UCU Youth Unlimited Account – Much More Than a Savings Account

The UCU Youth Unlimited Account is more than just a bank account – it will help you 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 you will need to develop lifelong healthy financial habits.

UCU Youth Unlimited Account Benefits

Account Features

UCU automatically adds new benefits to the Youth Unlimited 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, you will gain a better understanding of finances. You will watch your 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 you to develop a personal relationship with UCU branch staff. This will demystify the banking experience and give you access to products and services targeted 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 you 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, you must be a member of UCU for at least two years.  

Read more about the UCU Scholarships program and how it could help you.

To open a Youth Unlimited Account please visit your nearest UCU Branch.