STUDENT BANKING

Best Student Accounts

Keep your cash for textbooks (or takeout). Compare $0 monthly fee accounts built specifically for high school and university students.

Sign up and fund your KOHO account to be entered for a chance to win $500/month for 10 years.
KOHO
KOHO

KOHO Everything Plan

Canada-wide CAD Savings Account
3.50%
Interest Rate
$22.00
Monthly Fee
No Foreign Transaction Fees Earn interest Discount on Credit Building Early Payroll Direct Deposit Cash Advance up to $250
Features: Eligible for CDIC Protection
Welcome Bonus: RateBuddy Exclusive Offer: New KOHO members can earn 5% interest for 3 months with promo code RB5S26. Up to $100 interest earned; eligible transactions only. After the promo period, continue earning 3.50% interest, plus 2% unlimited cash back on groceries, transportation, food & drinks. Terms apply.
Special Offer: For a limited time Join KOHO’s 10 Years of Groceries Giveaway. New users who sign up and fund their KOHO account can be entered for a chance to win $500/month for 10 years — a total prize value of $60,000. Contest ends July 31, 2026. No purchase necessary. Terms apply.
Sign up and fund your KOHO account to be entered for a chance to win $500/month for 10 years toward groceries.
Get Started

On KOHO's secure site

RateBuddy Pick: Best High-Interest Chequing Account
KOHO
KOHO

KOHO Everything Plan

Canada-wide CAD Chequing Account
3.50%
Interest Rate
$22.00
Monthly Fee
No Foreign Transaction Fees Earn interest Discount on Credit Building Early Payroll Direct Deposit Cash Advance up to $250
Features: Eligible for CDIC Protection
Welcome Bonus: RateBuddy Exclusive Offer: New KOHO members can earn 5% interest for 3 months with promo code RB5S26. Up to $100 interest earned; eligible transactions only. After the promo period, continue earning 3.50% interest, plus 2% unlimited cash back on groceries, transportation, food & drinks. Terms apply.
Special Offer: Join KOHO’s 10 Years of Groceries Giveaway for a limited time. New users who sign up and fund their KOHO account can be entered for a chance to win $500/month for 10 years — a total prize value of $60,000. Contest ends July 31, 2026. No purchase necessary. Terms apply.
Open and fund your KOHO account for a chance to win $60,000 toward groceries.
Get Started

On KOHO's secure site

Neo Financial
Neo
Financial

Neo Savings Account

Canada-wide CAD Savings Account
Up to
3.00%
Interest Rate (Tiered)
$0.00
Monthly Fee
No Monthly Fees Unlimited Transactions Joint Account Option No minimum balance Online and Mobile Banking
Features: No minimum deposit requirements, Telephone Banking, eStatement and eNotifications, Earn interest, Eligible for CDIC deposit protection
Special Offer: Earn 3%* interest to grow your savings. Reach your savings goals faster.
Get Started

On Neo Financial's secure site

Sign up and fund your KOHO account to be entered for a chance to win $500/month for 10 years.
KOHO
KOHO

KOHO Extra Plan

Canada-wide CAD Chequing Account
2.50%
Interest Rate
$18.00
Monthly Fee
No Foreign Transaction Fees Earn interest Discount on Credit Building Early Payroll Direct Deposit Cash Advance up to $250
Features: Eligible for CDIC Protection
Welcome Bonus: RateBuddy Exclusive Offer: New KOHO members can earn 5% interest for 3 months with promo code RB5S26. Up to $100 interest earned; eligible transactions only. After the promo period, continue earning 2.50% interest, plus 1.5% unlimited cash back on groceries, transportation, food & drinks. Terms apply.
Special Offer: Join KOHO’s 10 Years of Groceries Giveaway for a limited time. New users who sign up and fund their KOHO account can be entered for a chance to win $500/month for 10 years — a total prize value of $60,000. Contest ends July 31, 2026. No purchase necessary. Terms apply.
Open and fund your KOHO account for a chance to win $60,000 toward groceries.
Get Started

On KOHO's secure site

Sign up and fund your KOHO account to be entered for a chance to win $500/month for 10 years.
KOHO
KOHO

KOHO Extra Plan

Canada-wide CAD Savings Account
2.50%
Interest Rate
$18.00
Monthly Fee
No Foreign Transaction Fees Earn interest Discount on Credit Building Early Payroll Direct Deposit Cash Advance up to $250
Features: Eligible for CDIC Protection
Welcome Bonus: RateBuddy Exclusive Offer: New KOHO members can earn 5% interest for 3 months with promo code RB5S26. Up to $100 interest earned; eligible transactions only. After the promo period, continue earning 2.50% interest, plus 1.5% unlimited cash back on groceries, transportation, food & drinks. Terms apply.
Special Offer: For a limited time Join KOHO’s 10 Years of Groceries Giveaway. New users who sign up and fund their KOHO account can be entered for a chance to win $500/month for 10 years — a total prize value of $60,000. Contest ends July 31, 2026. No purchase necessary. Terms apply.
Sign up and fund your KOHO account to be entered for a chance to win $500/month for 10 years toward groceries.
Get Started

On KOHO's secure site

Sign up and fund your KOHO account to be entered for a chance to win $500/month for 10 years.
KOHO
KOHO

KOHO Essential Plan

Canada-wide CAD Chequing Account
2.00%
Interest Rate
$0.00
Monthly Fee
No Foreign Transaction Fees Discount on Credit Building Early Payroll Direct Deposit Cash Advance up to $250 Eligible for CDIC Protection
Welcome Bonus: RateBuddy Exclusive Offer: New KOHO members can earn 5% interest for 3 months with promo code RB5S26. Up to $100 interest earned; eligible transactions only. After the promo period, continue earning 2.00% interest, plus 1% cash back on groceries, transportation, food & drinks. Terms apply.
Special Offer: Join KOHO’s 10 Years of Groceries Giveaway for a limited time. New users who sign up and fund their KOHO account can be entered for a chance to win $500/month for 10 years — a total prize value of $60,000. Contest ends July 31, 2026. No purchase necessary. Terms apply.
Open and fund your KOHO account for a chance to win $60,000 toward groceries.
Get Started

On KOHO's secure site

Sign up and fund your KOHO account to be entered for a chance to win $500/month for 10 years.
KOHO
KOHO

KOHO Essential Plan

Canada-wide CAD Savings Account
2.00%
Interest Rate
$0.00
Monthly Fee
No Foreign Transaction Fees Discount on Credit Building Early Payroll Direct Deposit Cash Advance up to $250 Eligible for CDIC Protection
Welcome Bonus: RateBuddy Exclusive Offer: New KOHO members can earn 5% interest for 3 months with promo code RB5S26. Up to $100 interest earned; eligible transactions only. After the promo period, continue earning 2.00% interest, plus 1% cash back on groceries, transportation, food & drinks. Terms apply.
Special Offer: For a limited time Join KOHO’s 10 Years of Groceries Giveaway. New users who sign up and fund their KOHO account can be entered for a chance to win $500/month for 10 years — a total prize value of $60,000. Contest ends July 31, 2026. No purchase necessary. Terms apply.
Sign up and fund your KOHO account to be entered for a chance to win $500/month for 10 years toward groceries.
Get Started

On KOHO's secure site

Neo Financial
Neo
Financial

Neo Chequing account

Canada-wide CAD Chequing Account
0.10%
Interest Rate
$0.00
Monthly Fee
No Monthly Fees Unlimited Transactions Free Interac e-Transfers No minimum balance Online and Mobile Banking
Features: No minimum deposit requirements, eStatement and eNotifications, Earn interest, Free everyday transactions, ATM access across Canada
Special Offer: Earn up to 15% cashback¹ when you shop with Neo partners. Instant access to your virtual Neo Money™ card, accepted anywhere Mastercard is.
Get Started

On Neo Financial's secure site

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Student Banking Guide Easy, friendly, no hype

Pick a student account that saves you fees and makes life simpler

Student accounts are designed for everyday banking while you’re in school. They often focus on low fees, enough transactions, and simple digital tools. This guide shows what to compare on this page and what to double-check before you apply.

5-minute checklist

The best student account is usually the one that matches how you pay for things each month. Use this checklist, then filter and sort your results.

Monthly fee
Look for $0 student fees and understand when fees can start later.
Transactions
Unlimited debits/e-Transfers is helpful if you split bills or pay rent by transfer.
ATM access
Check your bank’s ATM network and out-of-network fees if you withdraw cash.
App + alerts
Budgeting tools, instant notifications, and low-balance alerts can prevent fees.
Overdraft & NSF
Know the costs. Student banking is easier when you avoid “surprise” charges.
Eligibility
Confirm how they verify student status and how long student pricing lasts.
Shortcut: If you mainly pay by debit + e-Transfer, prioritize $0 fee + enough transactions. If you withdraw cash often, prioritize your ATM network.

How to compare student accounts here

Filter by provider type and features, then sort by Lowest Monthly Fee. If you care about earning interest on your everyday balance, compare Highest Interest, and confirm any conditions required to earn it.

Step 1
Filter fees
Step 2
Pick features
Step 3
Sort shortlist
Step 4
Verify eligibility
Always confirm current eligibility rules and fee schedules on the provider’s page before applying.

Student banking: the real-life use cases

Choose features that match your routine
Rent + utilities
If you pay rent by e-Transfer or automatic withdrawal, prioritize easy transfers and strong alerts.
Splitting bills
If you split groceries or group costs, enough e-Transfers (or included transfers) is a big quality-of-life feature.
Everyday spending
Debit tap and digital wallet support matter more than fancy features when you’re paying daily.
Cash withdrawals
If you withdraw cash, compare ATM networks and out-of-network fees so you don’t pay extra.
Friendly reminder: Your goal is a “boring” account that quietly avoids fees. Start with $0 fee, then check transfers and alerts.

Avoid the most common “surprise fees”

Even a “free” student account can have charges for certain situations. These are the usual ones to understand before you pick:

NSF fees
A charge when a payment is returned unpaid due to insufficient funds.
Overdraft costs
If overdraft is enabled, transactions may go through below $0 with interest and/or fees.
Out-of-network ATM fees
You may pay a fee to the ATM owner and sometimes a fee from your bank too.
Optional service fees
Paper statements or certain teller services can cost extra depending on the provider.
Practical tip: Turn on low-balance alerts and keep a small buffer to reduce NSF/overdraft risk.

Student banking best practices (simple habits)

These are small habits that make student banking easier — and can reduce fees.

Use alerts
Set notifications for low balance and large transactions.
Know your bill dates
Track rent, phone, subscriptions, and tuition payments so you keep enough in your account.
Keep “spending” and “buffer” separate
Even a simple savings account can help you avoid accidentally spending bill money.
Secure your account
Use strong passwords and multi-factor authentication when available.
Eligibility rules and student benefits can change — confirm details before opening an account.

Student banking FAQ

Short answers, real-world focus

Many student accounts offer $0 monthly fees, but conditions can apply (like student status verification or time limits). Always confirm when and how fees could start.

For most students, avoiding fees is the bigger win because everyday balances are often modest. If you keep a larger balance, comparing interest can help — but check any conditions needed to earn it.

Some do, some have limits, and some charge per transfer depending on the account. If you use e-Transfers often, verify whether they’re included and if there are monthly caps.

It depends on the provider. Some accounts convert to a regular account after a period of time or after you’re no longer a student. Confirm what the post-student pricing and features will be.

Turn on low-balance alerts, track bill due dates, keep a small buffer, and understand whether overdraft is enabled. If you don’t want transactions to go through below $0, confirm your overdraft settings.
Use filters to find $0 fee accounts first, then compare transfers and ATM access.

Mini glossary (fast definitions)

NSF Non-sufficient funds — a payment returned unpaid due to low balance.
Overdraft A feature that may allow spending below $0 (fees/interest may apply).
e-Transfer A common way to send money in Canada; fees/limits depend on the account.
ATM network The group of ATMs you can use without extra “out-of-network” fees.
Eligibility Rules to qualify for student pricing (status verification may be required).
Alerts Notifications for balance/transactions to help you avoid surprise fees.