The Balance Blog

Think about the last time you received a new credit card. Did you wait a week for it to arrive in the mail? Activate it by phone? Maybe even type the number into your mobile wallet?

Canadian families have long lacked a modern, safe way to give kids financial independence while building healthy money habits together. In the U.S., youth money apps have flourished, but Canada’s stricter banking and compliance environment has made programs slow and complex to launch.