Open Savings Account For Child Wells Fargo

If you convert from another wells fargo checking account with check writing ability any outstanding check s presented on the new clear access banking account on or after the date of conversion will be returned unpaid and the payee may charge additional fees when the check is returned. There are several options when setting up savings accounts for kids. Joint ownership this option gives your child the ability to use the savings account while you monitor account activity.

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Open a wells fargo checking account online in minutes.

Open savings account for child wells fargo.

Overall the yields offered by the big bank leave something to be desired. The checking accounts require a minimum of 50 to open and have no monthly service charge but they do have an overdraft charge of 12. You can find much higher apys. Get mobile banking bill pay and access to 13 000 atms.

12 is the recommended age to open a checking account for kids. Wells fargo offers customers savings account options for different stages of their lives. A wells fargo way2save savings account requires a 25 minimum opening deposit and has no monthly service fees for primary account owners under 18 19 in alabama. Savings accounts require 10 to open and pay competitive quarterly interest rates.

Unlimited branch and atm withdrawals and the option to write checks. Invest in a cd for. Please make sure prior to convertinq to the clear access banking account that any outstanding checks have. Optional overdraft protection for your checking account.

Wells fargo s highest savings rates. Avoid the monthly service fee when you maintain a 3 500 minimum daily balance each fee period.

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