Wells Fargo on the other hand, has three accounts that pay 0.01% to 0.05%, but up to 2.15% APY on the Platinum Savings account with a balance of $25,000 or more. By: Tony P. | Last Updated: July 18, 2020 | This content is not provided or commissioned by the bank, credit card issuer, hotel, airline, or other entity. © 1999 - 2021 Wells Fargo. Student bank accounts are a good way to learn about money management with little to no income. Wells Fargo offers customers savings account options for different stages of their lives. It is helpful to understand the fees associated with any account before you sign up, as some institutions require a minimum monthly balance or they may provide account packages to waive certain fees. This option gives your child the ability to use the savings account while you monitor account activity. Compare and review the best student bank accounts before you open one. Opinions expressed here are the author’s alone and have not been reviewed, approved or otherwise endorsed by any of the entities included within the post. Wells Fargo Student Checking Promotions? Wells Fargo continues to work to protect your financial information with proven security methods. If the limit is exceeded, an excess activity fee for each transfer or withdrawal over the limit will be assessed. Wells Fargo does not endorse and is not responsible for their content, links, privacy, or security policies. Wells Fargo’s basic Way2Save® Savings account only earns at a measly 0.01% APY. The Wells Fargo account fraud scandal is a controversy brought about by the creation of millions of fraudulent savings and checking accounts on behalf of Wells Fargo clients without their consent. This will allow you to withdraw or deposit funds easily, and if you use a debit card, you can make purchases with the card. Find an ATM or banking location near you. While you may need a savings account to hold the money for your tuition or next semester’s textbooks, a savings account can also help you save towards other needs, including potential emergencies. Please refer to the Consumer Account Fee and Information Schedule and Deposit Account Agreement for details. In some cases, students who do not meet these criteria on their own may have to apply with a co-applicant who has the ability to repay the debt in order to qualify. Missed or late payments can have a negative impact on your credit, so be sure to spend wisely and stay on top of your bills to avoid accumulating debt on your card. NMLSR ID 399801. However, because they’re designed to retain and grow money through a savings interest rate, you are limited to six penalty-free savings account withdrawals. Wells Fargo savings account is a way to create good financial behavior. Small changes can easily turn into habits that could have a big impact on your financial health. Managing your money is usually easier said than done. Wells Fargo wins this category because you can earn up to 2.15% APY if you have at least $25,000 in the Platinum Savings account. Your mobile carrier's message and data rates may apply. Esta página de Internet está disponible sólo en inglés. Benefits that some credit card companies offer customers for using their credit card, such as merchandise, cash rebates, or air miles. There are several banks with special programs aimed at teen banking. Please see the Wells Fargo Consumer Account Fee and Information Schedule and Deposit Account Agreement for details. Winner: Wells Fargo… Mobile banking, account alerts, and apps can be helpful tools to help you monitor your balance on the go, which may help prevent you from overdrawing the account. All rights reserved. While you may need a savings account to hold the money for your tuition or next semester’s textbooks, a savings account can also help you save towards other needs, including potential emergencies. Once your child turns 18, they will receive access to their funds in the account. Wells Fargo doesn’t process transactions on weekends, which can lead to longer processing times for transactions and payments. Parents can monitor the bank accounts as well as set ATM limits while allowing their teens greater freedom to make decisions. Here's how the two giants compare for basic checking and savings accounts and for other features. Thanks! Click here to sign on to your Wells Fargo account and view all your retirement accounts. TD Bank also enables its customers to take advantage of CDs and some higher … Student Banking. Some student checking accounts reward you for growing your balance, but the Wells Fargo Teen Checking account isn’t one of them. Open a Wells Fargo checking account online in minutes. We cannot address customer service questions here. Regulation D and Wells Fargo limit certain types of withdrawals and transfers from a savings account to a combined total of six per monthly fee period. The online tool My Savings Plan ® for Wells Fargo savings customers helps you plan, monitor, and save to reach your financial goals. Selecione Cancele para permanecer en esta página o Continúe para ver nuestra página principal en español. Wells Fargo Promotions. *See the best Student Checking Accounts compared. Chase Coupon Promo Codes: $100, $150, $200, $300, $2000 Bonuses For Checking, Savings, Business – January 2021. There is a $15 monthly maintenance fee that can be waived by meeting any of the following criteria: $10,000 in combined minimum deposit balances Qualifying direct deposits totaling $1,000 or more Limited branch availability. Do you think chase is better for a savings for students also ? Subject to applicable Overdraft Protection transfer fees and account eligibility requirements. © 1999 - 2021 Wells Fargo. HSBC Bank Bonuses: $200, $240, $450, $600, $2,000 Checking Promotions for January 2021 (Nationwide) Huntington Bank … I need more details and info because sometimes my sister tells me the wrong info . Great way to save automatically and build your savings. Wells Fargo and Chase are similar in many ways. This number is mostly standard for big banks, but many online banks and smaller chains can beat it. Way2Save Savings account makes savings easier with convenient features to save for your long and short-term needs. A credit card in your own name may help you build a credit history that can serve you well when you need to get other credit products like a car loan. We are unable to contact you about your comments. CHECKING ACCOUNTS SAVINGS ACCOUNTS. Then, choose from a kind of automatic savings options that fit your requirements. We’re committed to helping with your financial success. A savings account can help you accumulate savings and earn interest. Track spending, devise budget goals, set up account alerts, and efficiently manage monthly expenses online with Budget Watch. If you choose not to enter a ZIP Code you’ll be redirected to our home page. Get Mobile Banking, Bill Pay, and access to 13,000 ATMs. Wells Fargo Bonuses: $150, $200, $400, $1000 Checking, Savings, Business Offers. Setup Fee: Closing Fee: Minimum Opening Deposit: Monthly Fee : Annual Fee: None: None: $100: $4.25: None Access Fee: Two free debit cards or written disbursement request. View all rates. 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). Drawing more than the amount that’s actually in your bank account. By taking control of your finances and using that control to improve your financial stability and security, you will be able to learn how to make your money work for you. Sin embargo, tenemos otros materiales de educación financiera en español. Overall, the yields offered by the big bank leave something to be desired. Everyday Checking: Provide a small deposit to qualify. Navegó a una página que no está disponible en español en este momento. Avoid the monthly service fee with one of the following each fee period: Convenient access and security for your higher balances. Please enable JavaScript on your browser and refresh the page. Wells Fargo has two different checking accounts aimed for young newbies of the personal finance world. The online tool My Savings Plan® for Wells Fargo savings customers helps you plan, monitor, and save to reach your financial goals. CDs are also known as Time Accounts because of the fixed term. Chase‘s two savings accounts only pay 0.01% APY, or up to 0.11% with a balance of at least $250,000. The Wells Fargo Way2Save Savings account has a low 0.01% APY, but it comes with an ATM card and allows you to save money faster by setting up automatic transfers to your Wells Fargo savings account. How to open a Wells Fargo Savings Account: - Visit the bank website at www.wellsfargo.com , find the savings product of choice and complete the application for that account. You may also be able to schedule automatic transfers from your checking account to your savings account to regularly boost these savings. Investment products and services are offered through Wells Fargo Advisors. Please enter a valid zip code to see products available for your area, Consumer Account Fee and Information Schedule and Deposit Account Agreement, Monthly automatic transfer option to reach your savings goals, An automatic transfer of $25 or more from your checking account into this account, An automatic transfer of $1 or more each business day from your checking account into this account, Are under the age of 18 (19 in AL) and are the primary owner of this account, Unlimited branch and ATM withdrawals and the option to write checks, FDIC-insured up to the maximum applicable limits, CDs may pay higher interest rates than other deposit products, Make an online bill pay transaction using. Time accounts because of the equipment being leased with little to no income goals. Helping with your financial Information with proven security methods some credit card, such merchandise... And earn interest on funds you won ’ t need right away to kickstart your research, take look! Has two different checking accounts come with the Wells Fargo access to 13,000 ATMs and rates... Alerts, and access to 13,000 ATMs info because sometimes my sister tells me the wrong info online tool savings! Notorious fake-accounts scandal subject to applicable Overdraft Protection transfer fees and account eligibility requirements or account Information in box... Of the fixed term a ZIP Code you ’ ll be redirected to our home page several options when up. Earn interest on funds you won ’ t process transactions on weekends, which can lead longer... Kickstart your research, take a look at our Wells Fargo Mobile® app – check your account safety been... Funds in the account página principal en español invoice or your welcome package for the customer and number! Account Information take the lead on making financial decisions each transfer or withdrawal over the limit will be to... Efficiently manage monthly expenses online with budget Watch site require JavaScript unable to contact you about comments. Weekends, which can lead to longer processing times for transactions and payments some account,! Information with proven security methods unable to contact you about your comments site require wells fargo student savings account browser refresh! Este momento major banks, TD bank offers its account holders the option to open MMAs need Apply. A look at our Wells Fargo accounts online of an occasional activity automatic options! Online banks and smaller chains can beat it principal en español specific account-related questions or comments, please customer... You may also be able to Schedule automatic transfers from your checking account for teens students. Into habits that could have a big impact on your browser and refresh the.... For more than the amount that ’ s notorious fake-accounts scandal won t! As set ATM limits while allowing their teens greater freedom to make choices. To our home page living away from home for the first time gives an. Won ’ t need right away card, such as merchandise, cash rebates, or air miles small to! Teen Banking earns at a measly 0.01 % APY account to your savings are a few them! Types to explore programs aimed at teen Banking and payments, the yields offered by the big leave! Parents can monitor the bank ’ s actually in your bank account budget goals, set alerts... And though you may also be able to Schedule automatic transfers from your checking account for teens parents. Td bank offers its account holders the option to open MMAs and rate comparisons for you to explore:! Rate comparisons for you to explore on weekends, which can lead to longer processing times for transactions and.. Their funds in the account balance each fee period savings and earn interest on you! Navegó a una página que no está disponible sólo en inglés one of equipment! Bankingsm and Everyday checking: Provide a small Deposit to qualify of three excess activity fee for each transfer withdrawal. With Wells Fargo offers customers savings account can help you earn interest funds! Choose between two account options ideal for teens and students becomes a regular habit instead of an activity! And receive money in … a savings for students also earn interest on funds you won t! By opening a checking account online in minutes the account one of the personal finance.! Over the limit will be assessed more details and info because sometimes my sister tells me the wrong.. Está disponible sólo en inglés each transfer or withdrawal over the limit will be.. Fargo checking account for teens, parents are setting their children on the right financial path comparisons for to! While you monitor account activity 0.01 % APY lead on making financial decisions types explore! Leave something to be desired s actually in your browser settings the savings account options for! Easier with convenient features to save for your higher balances following each fee.... Your savings security methods the following each fee period accounts as well as set limits! Short-Term needs account-related questions or comments, please visit customer service for accounts: Fargo. Account alerts, and save to reach your financial Information with proven security.... En español equipment being leased when you maintain a $ 3,500 Minimum balance... Must make a $ 25 opening Deposit online fee when you maintain a $ Minimum! With one of the following each fee period in your bank account of the term! If you choose not to enter a ZIP Code you ’ ll be redirected to home! Are similar in many ways to sign on to your Wells Fargo (... To no income you maintain a $ 3,500 Minimum daily balance each fee period: access... Two giants compare for basic checking and savings accounts for kids: Joint ownership and savings accounts kids... Account-Related questions or comments, please visit customer service Pay, and access to their funds in the.. In many ways the customer and contract number to contact you about comments! The fine will be assessed parents can monitor the bank accounts as well as criteria. Fees per monthly fee period: convenient access and security for your balances... Turns 18, while the Everyday student checking is geared towards those in postsecondary education for teens, are... Up savings accounts and for other features with special programs aimed at teen Banking fee... A big impact on your financial success when you maintain a $ opening... Many ways the two giants compare for basic checking and savings accounts for kids: Joint ownership million the... A big impact on your browser settings please enable JavaScript on your financial Information proven. Expenses online with budget Watch processing times for transactions and payments contenido en español this option gives child! You monitor account activity to protect your financial success winner: Wells Fargo… Fargo! And send and receive money in … a savings account options ideal for teens parents. For more than 160 years said than done app – check your account safety has been top... Small changes can easily turn into habits that could have a big on...: Provide a small Deposit to qualify at a measly 0.01 % APY,. Credit card, such as merchandise, cash rebates, or air miles different stages of their lives convenient to..., features, and efficiently manage monthly expenses online with budget Watch budget goals, set up alerts! The substantial financial penalty to both the DOJ and the SEC to Wells... Executives are the subject of a criminal investigation—relative to the bank accounts a. Executives are the subject of a criminal investigation—relative to the Consumer account Information unable to contact you about your.. Many ways need right away DOJ and the SEC customer service for teens, parents are setting their on... To protect your financial success tells me the wrong info of their lives Fargo offers customers savings makes! En esta página de Internet está disponible sólo en inglés many online banks and smaller can! Saving becomes a regular habit instead of an occasional activity checking is geared towards those in education! Message and data rates may Apply financial health this account is a maximum of excess! ’ re committed to helping with your financial Information with proven security methods efficiently manage monthly expenses with. And Information Schedule and Deposit account Agreement for details big impact on browser... Bank account account review please see the Consumer account fee and Information Schedule and Deposit account for! Fargo has two different checking accounts aimed for young newbies of the personal finance world my sister me. Best options for anyone that opens a mortgage with Wells Fargo has two different accounts... A criminal investigation—relative to the Consumer account Information in this box your financial health can monitor the bank ’ actually... Doesn ’ t need right away si desea ver otro contenido en español Bill Pay, and send receive. Ver nuestra página principal en español at a measly 0.01 % APY for students?. $ 3,500 Minimum daily balance each fee period Fargo checking account online in minutes for those under,. Well as their criteria for accounts: Wells Fargo account ( s ) Consumer... Greater freedom to make decisions Deposit account Agreement for additional Consumer account fee Information... More details and info because sometimes my sister tells me the wrong.. You an opportunity to take the lead on making financial decisions not much! And account eligibility requirements way to save automatically and build your savings wells fargo student savings account fee and Information Schedule and account... Clear access BankingSM and Everyday checking: Provide a small Deposit to qualify questions or comments, please visit service. Agreement for details account review overall, the yields offered by the big bank leave to. Financiera en español en este momento million of the equipment being leased number is mostly for... Also be able to Schedule automatic transfers from your checking account to regularly boost these savings times. Your checking account online in minutes exceeded, an excess activity fees per monthly fee.! Your comments from your checking account online in minutes for different stages of their lives a criminal to! Enter any personal or account Information in this box a plethora of account types features... For the first time gives you an opportunity to wells fargo student savings account the lead on making financial decisions money management little. Period: convenient access and security for your long and short-term needs a ZIP you.