Open Savings Account For Child Wells Fargo

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Open savings account for child wells fargo.

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. 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. Optional overdraft protection for your checking account.

12 is the recommended age to open a checking account 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. You can find much higher apys.

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. 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. Please make sure prior to convertinq to the clear access banking account that any outstanding checks have.

Wells fargo s highest savings rates. Open a wells fargo checking account online in minutes.