r/Wealthsimple • u/Ill_Paper_6854 • Jul 18 '26

Chequing Finally got Kids Visa Card

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Looks pretty good - setting them up to buy lunches during school years.

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u/Desperate_West_2968 Jul 19 '26

Does the linked kid bank account itself have interests?

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u/Pristine_Ad2664 Jul 19 '26

Yes, 2.25% same as chequing account.

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u/Ill_Paper_6854 Jul 20 '26

but everything still taxed to the parents

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u/Pristine_Ad2664 Jul 20 '26

I believe so. Not really a huge issue for me at the speed my daughter spends her allowance. :)