Wells Fargo can help you prepare now for your child's future. As you’re early in the education process, take this time to continue planning for their financial future - it can make a big difference later. See our suggestions below for children between the ages 5 to 12 years old.
For additional guidance, feel free to contact a Wells Fargo Banker and they will be happy to assist you.
Financial needs and actions to take
- Introduce your child to saving by setting aside money for what’s important to them
- Help your child open a savings account
- Establish or adjust an education savings plan to meet your savings goals
- Review your life insurance to make sure your coverage meets your family’s changing needs
Products and services to consider
Put your plan into action with these resources:
Life and health insurance
Education savings and funding
- Tax-advantaged Education Savings Accounts (ESA), including FDIC-insured ESAs
- Tax-advantaged 529 College Savings Plan,
- Learn More about Education Funding opportunities
Money management tools and accounts
- The Hands on Banking® financial education program with a session designed just for children ages 9-12
- Open a Wells Fargo savings account, with waived monthly service fee for your child. Parents can sign-up for no charge convenient Online Statements. It’s easy to do at any Wells Fargo banking location or online at wellsfargo.com.
- Junior Agent® Saver Club designed to help kids ages 5-12 learn the basics of savings
- Free online transfers between Wells Fargo accounts. Transfer your child's allowance, gifts, and money from odd jobs by creating a savings matching program.