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BMO BMOs Chief Allowance Officer on Savings accountsHelp lay a solid foundation for your children's future with BML Kids' Saver - a dedicated account for children below 18 years of age. With BMO, you can get a bank account for your child or your teen. For children 13 plus, the account is called the Plus Plan chequing account. It. Maintain a joint bank account. It's a good idea to closely monitor your child's money habits as long as you can (until at least age 18). Plus.