All your Adulting Essentials, plus up to $150*

Now every 18-25 year-old can get a no monthly fee bank account, credit card, and tax-free savings. Plus up to $150* in bonuses until Oct. 11, 2024.

Banking essentials picked for you. Bonuses on select products.

To get clarity on which of these products is right for you and how to maximize our bonus offers, book an appointment with one of our advisors before Oct. 11, 2024.

Banking terms and topics explained

Credit cards can be a convenient way to pay for purchases and build your credit score. Plus with the ATB Gold My Rewards Mastercard® you’ll get rewards for everyday purchases.

When you use our credit card, you’re basically borrowing money from ATB to make purchases. You’ll receive a monthly statement outlining how much you owe and when you need to pay it back. If you pay your credit card balance each month, your credit score will soon climb. Just remember, you only get charged interest on any outstanding balance you don't pay.

Your credit score is important because it tells other lenders (e.g., car dealerships or landlords) how likely you are to pay money that you owe. The higher your credit rating, the better off you’ll be (e.g., lower interest rate on your vehicle payments).

If you haven’t had a credit card before or don’t have any previous credit (meaning you also don’t have a credit score) an advisor can help you determine which product is best for you and assist you in applying.

 

A tax-free saver account is an account that allows your money to earn interest and grow tax-free. No investing knowledge required!

The ATB Tax-Free Saver Account acts as a cash account within a tax-free savings account (TFSA), so you can save money in a high-interest rate account tax-free. You can withdraw your money anytime, and if you wish, you can deposit those funds into investments like Guaranteed Investment Certificates (GICs) to get the maximum benefit each tax year.

A tax-free savings account (TFSA) is a government program designed to help individuals save money tax-free throughout their lifetime. Every Canadian resident that is 18 years of age or older is eligible to save or invest each year in a TFSA.

Bottom line, the sooner you set up small contributions to your Tax Free Saver account, the more you can save.

A Pre-Authorized Contribution (PAC) automatically transfers a pre-specified amount of money from your bank account to an investment or savings account, such as an RRSP or TFSA. Automating your savings contributions simplifies managing your money and takes one thing off your to-do list.

You can schedule PACs to occur on an interval of your choosing (such as weekly, bi-weekly or monthly) and specify the amount you’d like to be transferred each time. You can start with as little as $25 to start building your savings and developing good habits.

An ATB banking advisor can set this up for you, or you can do it yourself on ATB Personal online or mobile banking. PACs can be changed at any time.

If you would like to learn more, check out our article "What's a Pre-Authorized Contribution (PAC)?"

Need help? That’s what we do!

Our banking experts are here to help guide you to the right products and put your mind at ease. It only takes one conversation to simplify your finances and get on the right financial path.

Book us for a chat

How to get started easily

Book an appointment

Use our booking tool to select a location and time that’s convenient for you. Not sure what to talk about? Select “Other” and tell us what you’d like to learn about. Our advisors can guide you.

Bring your ID

Please bring a government issued ID. Any preparation beyond that is totally optional. We’ve provided a list of questions below you can ask your advisor if you don’t know where to start.

Get helpful advice

You and your advisor will have a conversation about ways we can help simplify your finances and achieve your savings goals. We help you choose the accounts that make sense for you.

Frequently asked questions

Does talking about finances stress you out? Consider asking your advisor some of the questions listed below. 

  • How do I keep a budget?
  • What should I include in my budget?
  • What is credit?
  • What is a credit score and how do I check mine?
  • What are ways to build good credit?
  • Should I be saving for an emergency?
  • What is a registered savings account?
  • Should I start investing?
  • How can I save for a purchase or vacation?

You must be 18 - 25 years of age and a resident of Alberta. Ensure your account(s) for the banking essentials are active before October 11, 2024 in order to be eligible to receive this limited time offer.

How to qualify and when you receive the bonus will depend on which products from the offer you would like to open:

  • Open your first ATB Gold My Rewards Mastercard Offer1: Upon approval you’ll receive your 10,000 points ($50 value) in your ATB My Rewards® account within 60 days of your first purchase. 
  • Open your first ATB Tax Free-Saver Account2: To be eligible, you will need to set up a minimum monthly pre-authorized contribution (PAC) of $25 from an eligible ATB Chequing Account and maintain that until January 31, 2025. Then after opening your Tax-Free Saver Account and setting up your PAC you will receive $100 in your account before February 28, 2025.
    • Eligible Chequing accounts include: Generation Account, ATB Advantage Account, Unlimited Account, No-Fee All-In Digital Account, Basic Account, Pay As You Go Account

Helpful advice to make you feel more confident about money and credit

Simple ways to save on a limited income

Strategies for amplifying savings on a limited budget.

Read savings article

Your credit score explained

A breakdown of the good, bad, and costly habits that impact your credit score.

Read credit article
A calendar showcasing days in which someone has set up pre-authorized contributions

What's a Pre-Authorized Contribution (PAC)?

Pre-authorized contributions can be a helpful tool in your savings strategy.

Read PAC article

  1. *Adulting Essentials Offers 

    All accounts below must be active and in good standing in order to bonus and or benefits

     ATB Generation Account

    A no monthly fee ATB Generation Chequing Account is available to Albertans 25 years of age and under. Review terms and conditions HERE.

    1ATB Gold My Rewards Mastercard Offer 

    Welcome bonus offer available on new ATB Gold My Rewards Mastercard accounts where the cardholder had no previous ATB Gold My Rewards Travel Mastercard. This offer is subject to change or withdrawal at any time and without notice. On approved credit, conditions apply. Review terms and conditions HERE.

    2Tax-Free Saver Account Offer

    Offer available on new ATB Tax Free Saver Accounts opened between July 17 and October 11, 2024. The account holder (primary user) must be 18 - 25 years of age, resident of Alberta and have no previous personal ATB Tax-Free Saver Account with ATB Financial. A minimum of a $25 monthly pre-authorized contribution (PAC) must be maintained until January 31, 2025 from an eligible personal ATB Chequing Account (Generation Account, Advantage Account, Unlimited Account, No-Fee All-In Digital Account, Basic Account) to receive the incentive. An ATB Chequing Account is not required to open a Tax-Free Saver Account. Accounts opened during promotion must be active and in good standing in order to be eligible for payout. Payout will be made into the qualifying account as ‘income’ before February 28, 2025. The offer cannot be combined with any other offers outside of the ‘Adulting Essentials Offer.’ This offer is subject to change or withdrawal at any time and without notice.

    What does it mean for an account to be in good standing?

    Chequing: Must remain open, must not be in an unauthorized overdraft or in delinquent status. If you switch Chequing Accounts from an ATB Generation Account, you will no longer receive the ‘$0 monthly fee for 18-25.’

    Mastercard: Card Account is not past due, over the Credit Limit or suspended, and the Cardholders have fully complied with their obligations under the CHA. Good Standing is also defined in the Cardholder Agreement (CHA).

    Tax-Free Saver: Must remain open and must not be in delinquent status. If the pre-authorized contributions are withdrawn before the payout date of February 28, 2025 the client will not qualify for the $100 incentive 'income'

  2. The $7,000 TFSA annual contribution limit is effective January 1, 2024. Check out TFSA contribution limits to see what you qualify for. Keep in mind, How much you can contribute also depends on when you turned 18.

  3. Interac e-Transfer is a registered trademark of Interac Corp. Used under licence.​