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Children's Savings Account (CSA)

Introducing the new ING DIRECT Children's Savings Account (CSA) - a great financial learning opportunity for any child whose parent has an ING DIRECT Investment Savings Accounts.

For more than a decade, ING DIRECT has been helping Canadians save their money.  Now we want to do the same for the next generation.  The CSA encourages kids to reach higher as savers because they get their own Client number and PIN, just like grown ups. They transfer funds into their own account, view their transaction history, and see their money grow.  All under your watchful eye, of course.

You can exercise as much control as you want on the account by changing your child's preferences and options to suit their age and level of responsibility.

The CSA is held jointly between you and your child, and includes access to savings newsletters and other features all designed to make them better savers, and smarter spenders.

But control and learning aren't the only things the CSA offers.  Because it's from ING DIRECT, the CSA naturally offers your child the very same benefits that our grown-up Investment Savings Account offers: high interest, no fees, and no minimum balance. 

After all, our shorter clients deserve all the full-sized benefits their parents do.

Frequently Asked Questions

Q. I'm not a client yet. How do I open a Children's Savings Account?

A. The first step to getting a Children's Savings Account is becoming an ING DIRECT Client. All you need to do is visit our web site or call one of our Direct Associates who will be happy to help you get set-up. Then, once your own account is up and running, opening a Children's Savings Account is a snap! Simply log in and open a CSA in minutes. You'll need to provide some of your child's personal information so please remember to have his or her Social Insurance Number (SIN) and an identification document such as a birth certificate handy when enrolling.

Q. Why do I have to be a client to get a Children's Savings Account?

A. The Children's Savings Account lets you, as a parent, setup and manage your child's account. Because the account is available to all ages from newborns to teenagers we ask that you have your own account opened first. All Clients of ING DIRECT currently go through our easy steps to open an account, including providing an e-signature online, setting up a PIN and password, and providing a cheque to link their external bank. Since the Children's Savings Account does not require an external link, your own personal account will mean you are set up for full banking before you begin to manage or monitor your child's account through your own personal Client Number. By having your own personal account, you can also help your child by being familiar with all the features and products that will become available to them once they become adults.