Open Savings Account For Child Wells Fargo

Overall the yields offered by the big bank leave something to be desired.

Open savings account for child wells fargo.

Please make sure prior to convertinq to the clear access banking account that any outstanding checks have. Wells fargo s highest savings rates. 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. Avoid the monthly service fee when you maintain a 3 500 minimum daily balance each fee period.

Joint ownership this option gives your child the ability to use the savings account while you monitor account activity. Invest in a cd for. You can find much higher apys. Optional overdraft protection for your checking account.

Get mobile banking bill pay and access to 13 000 atms. 12 is the recommended age to open a checking account for kids. 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. There are several options when setting up savings accounts for kids.

Savings accounts require 10 to open and pay competitive quarterly interest rates. Unlimited branch and atm withdrawals and the option to write checks.