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The RBC Leo’s Young Savers Account is a youth savings account designed for children between 0 and 12 years old. It comes with no monthly fees, no minimum balance requirements, free unlimited Interac e-Transfers, unlimited debit transactions and a welcome bonus.
The RBC Leo’s Young Savers Account is a great starter account for youth looking to explore and get familiar with the world of banking. It lets you manage your own accounts and transactions, while earning interest on your savings. You’ll also get $25 for signing up for this account, along with free unlimited Interac e-Transfers. As a parent, you can also set up free automatic transfers into your child’s accounts to give them access to monthly cash.
The RBC Leo’s Young Savers Account comes with a number of benefits:
While the RBC Leo’s Young Savers Account comes with a number of perks, there are a couple of drawbacks to keep in mind before signing up:
Unlike many other RBC accounts, you won’t be able to sign up for this account online. Instead, you’ll need to visit a branch to fill out an application and get set up. You can easily find a branch near you by inputting your postal code into RBC’s Branch and ATM Locator on its site. You can also call into RBC’s phone hotline to get started if you’d prefer not to book an appointment.
To apply for an RBC Leo’s Young Savers Account, you need to meet the following criteria:
You can easily take money out of your account by withdrawing cash from an ATM or by visiting a branch in person. You can also transfer money out of your account using a free internal RBC transfer or by sending an Interac e-Transfer to family or friends.
To deposit money, you just need to visit an ATM or a branch to make a deposit by cash or cheque. As an added benefit, parents can set up free automated deposits into their children’s RBC Leo’s Young Savers Account to give them access to a consistent monthly budget.
There are a number of options available for you to connect with RBC customer service:
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