A Wells Fargo savings account is a good way to start your children on the road to financial success.
Help your kids achieve their financial goals with a Wells Fargo savings account. 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. An optional ATM card is available for your child. Uniform Transfers/Gifts to Minors Act (UTMA/UGMA). This option is for adults making an irrevocable gift to a child under your state's Uniform Transfers/Gifts to Minors Act. Minor by. This option allows one or more adults to open an account in the name of a minor.
Wells Fargo also offers student and teen accounts. Start your financial journey without the worry of fees, No monthly service fee charged for primary account owners based on age. For teens age 13 - 16, look no further than the Clear Access Banking account. Great for middle and high school students and parents who want a joint account with their teen.