Open Savings Account For Child Wells Fargo

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.

Open savings account for child wells fargo.

Wells fargo s highest savings rates. Optional overdraft protection for your checking account. Joint ownership this option gives your child the ability to use the savings account while you monitor account activity. You can find much higher apys.

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

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. Get mobile banking bill pay and access to 13 000 atms. Invest in a cd for. There are several options when setting up savings accounts for kids.

Please make sure prior to convertinq to the clear access banking account that any outstanding checks have. Savings accounts require 10 to open and pay competitive quarterly interest rates.