Student accounts with amazing benefits
Manage your finances, grow your savings, build credit, and enjoy extra perks along the way.
Students can unlock up to $350^!
Open a student account and follow simple steps to make the most of this offer.
1
Earn $100
by opening a new student chequing account1
2
Earn $50
by making two bill payments over two months2
3
Earn $100
by opening a new student line of credit3
4
Earn $100
by opening a new TFSA, FHSA, or RRSP4
Choose your student account
From no-fee chequing to high-interest savings, our accounts are designed to support your financial journey while you focus on your education.
Premium for youth and students (under 25)
Best for everyday banking. Unlimited transactions and 10 free Interac e‑Transfers® each month.
$0/month
- Unlimited transactions
- 10 free Interac e‑Transfers® per month ($1.50 each thereafter)
- Free withdrawals at thousands of ATMs across Canada and the U.S.
- Free overdraft protection plus reduced overdraft interest
- Up to $60 annual rebate on your FirstOntario Visa* credit card
Premium Unlimited for youth and students (under 25)
Unlimited transactions and Interac e‑Transfers®, plus free exclusive access to the Benefits1 Bundle.
$0 or just $9.98/month
No monthly fee when you maintain a minimum daily balance of $6,000 or minimum monthly payroll direct deposit of $2,500
- Unlimited transactions
- Unlimited Interac e‑Transfers®
- Free withdrawals at thousands of ATMs across Canada and the U.S.
- Free overdraft protection plus reduced overdraft interest
- Up to $75 annual rebate on your FirstOntario Visa* credit card
- Unlimited bank drafts, one order of 100 cheques per year, 15% off safe deposit box rental
- Free, unlimited access to legal, estate, identity theft, and home referral assistance through our Benefits1 Bundle
Daily Interest Savings
For savers who value simple, reliable access to their funds.
Up to 0.05% interest
- No monthly fees
- No minimum balance
- Unlimited free deposits
- Interest calculated daily and paid at the end of each month
- Two free debits per month, unlimited with a $3,000 minimum balance
- Free eStatements through online and mobile banking
High Interest eSavings
For savers seeking steady growth with higher interest rates.
Up to 0.80%Â interest
- No monthly fees
- No minimum balance
- Unlimited free deposits
- Bigger balance, higher rate
- Interest calculated daily and paid at the end of each month
- Two free electronic debits per month, in-branch transactions subject to a fee
- Free eStatements through online and mobile banking
Investment Savings
For long-term savers planning for major financial goals.
Up to 3.20%Â interest
- No monthly fees
- No minimum balance
- Unlimited free deposits
- Tax-free savings options
- Interest calculated daily and paid at the end of each month
- One free debit per month
- Free eStatements through online and mobile banking
Debit cards for everyday payments
FirstOntario debit cards offer a simple, secure, and flexible way to access your money.
Earn rewards for everyday spending
Start building credit for the life you want with a low‑interest rate FirstOntario Visa* credit cards.
Online and mobile banking
Access your chequing and savings accounts 24 hours a day through online and mobile banking.
Get the right coverage
From tenant to auto, count on coverage that lasts through student life and beyond.
Ready to open a student account?
Apply online, meet with us virtually, or visit us at your nearest branch. Existing members can open a new account online.
Daily Interest Savings Account
| Balance | Rate* |
|---|---|
| $0 – $1,000.00 | 0.05% |
| $1,000.01 – $5,000.00 | 0.05% |
| $5,000.01 – $10,000.00 | 0.05% |
| $10,000.01+ | 0.05% |
* Per annum rate. Rate and terms subject to change without notice. Conditions apply.
High Interest eSavings Account
| Balance | Rate* |
|---|---|
| $0 – $100,000.00 | 0.60% |
| $100,000.01 – $200,000.00 | 0.75% |
| $200,000.01+ | 0.80% |
* Per annum rate. Rate and terms subject to change without notice. Conditions apply.
Investment Savings Account
| Account type | Rate* |
|---|---|
| Non-Registered Savings | 0.30% |
| TFSA Investment Savings | 0.60% |
| FHSA Investment Savings | 3.20% |
| RRSP Investment Savings | 0.05% |
| RRIF Investment Savings | 0.05% |
* Per annum rate. Rate and terms subject to change without notice. Conditions apply.