Much like any other financial product, what you should look for in a kid’s bank account depends largely on your needs (or rather, the needs of your child). While many bank accounts for children will offer the ability to earn interest, not all rates are created equal, so it’s important to shop around. Some accounts will offer limited or unlimited free Interac e-Transfers, but not all. Lastly, while some accounts do offer parents the ability to automatically transfer money every month into their child’s account, not all do, so make sure to look like this if you would like to provide your child with a digital allowance.