Can a minor international student open a Canadian bank account and manage an allowance?

Bank policies differ. Some banks allow minors to open an account with a parent, guardian or custodian, while others have different identification or age requirements.

Confirm the bank's current policy before arrival. Agree in writing how the allowance will be funded, who can view the account, spending limits and what to do if a card is lost or a suspicious transaction occurs.

What to verify

Set out parent, custodian, school and homestay responsibilities and communication channels in writing.

Planning advice

Use current official school and IRCC information. Keep all records consistent and retain written confirmation of key decisions.