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

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

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% 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% 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.

Apply online

to open an account

Book an appointment

to become a member

Visit us

at one of our branches

Call us

at 1‑800‑616‑8878