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.

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. Unlimited branch and atm withdrawals and the option to write checks. Avoid the monthly service fee when you maintain a 3 500 minimum daily balance each fee period. Get mobile banking bill pay and access to 13 000 atms.

Invest in a cd for. Wells fargo s highest savings rates. Please make sure prior to convertinq to the clear access banking account that any outstanding checks have. Optional overdraft protection for your checking account.

Overall the yields offered by the big bank leave something to be desired. Wells fargo offers customers savings account options for different stages of their lives. 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.

Savings accounts require 10 to open and pay competitive quarterly interest rates. There are several options when setting up savings accounts for kids.