Student and Kids Savings Account
It's never too early to start saving
Open a Way2Save® Savings account with $25
How to avoid the $5 monthly service fee
Benefits of saving early
Benefits:
- Learn the value of saving money
- Establish good financial habits
- Introduction to banking
Monthly service fee
- Avoid the $5 monthly service fee if the primary account owner is 24 years old or under
- Kids can open a joint account with an adult with several options
- Open in branch only
- IDs required to open
Benefits:
- Start saving for college
- Learn how to manage money
- Introduction to online banking tools
Monthly service fee
- Avoid the $5 monthly service fee if the primary account owner is 24 years old or under
- Teens 13 – 17 can open as an individual or with an adult co-owner with several options
- Open in branch only
- IDs required to open
Benefits:
- Manage your college expenses with online banking tools
- See money grow with automatic transfers from a Wells Fargo student checking account
Monthly service fee
- Avoid the $5 monthly service fee if the primary account owner is 24 years old or under
- Students can open as an individual or with a co-owner
- Open in branch or online
- IDs required to open
Build strong financial habits that last
Open a Clear Access Banking account – designed for lower balances, this is a great first teen bank account.
Learn how to create a college budget, build credit, and set goals with Wells Fargo’s CollegeSTEPS®.
Access billions of dollars in higher education funding plus the strategies and tools to successfully navigate them at wellsfargo.com/scholarships.
Kids Savings FAQs
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When the primary account owner reaches the age of 25, age can no longer be used to avoid the monthly service fee. Customers 12 and under must have an adult co-owner.
Terms and conditions apply. Setup is required for transfers to other U.S. financial institutions, and verification may take 1–3 business days. Customers should refer to their other U.S. financial institutions for information about any potential fees charged by those institutions. Mobile carrier’s message and data rates may apply. See Wells Fargo’s Online Access Agreement for more information.
When you have the Save As You Go transfer option, each time you (or any authorized signer or joint owner) use your debit card for a one-time purchase or complete a Bill Pay transaction through online banking, and the one-time debit card purchase or Bill Pay transaction posts to the account, we’ll automatically transfer $1 from your linked Wells Fargo checking account to your Way2Save Savings account. We may determine through our sole discretion if a particular transaction is a qualifying transaction. At the end of each business day, we count your qualifying transactions and multiply them by $1. Then we process that amount as a single transfer on the next business day. If your checking account does not have available funds, is overdrawn, or Overdraft Protection was initiated, the transfer won’t occur.
Sign-up may be required. Availability may be affected by your mobile carrier's coverage area. Your mobile carrier's message and data rates may apply.
Mobile deposit is only available through the Wells Fargo Mobile® app on eligible mobile devices. Deposit limits and other restrictions apply. Some accounts are not eligible for mobile deposit. Availability may be affected by your mobile carrier's coverage area. Your mobile carrier's message and data rates may apply. See Wells Fargo’s Online Access Agreement and your applicable business account fee disclosures for other terms, conditions, and limitations.
Enrollment with Zelle® through Wells Fargo Online® or Wells Fargo Business Online® is required. Terms and conditions apply. U.S. checking or savings account required to use Zelle®. Transactions between enrolled users typically occur in minutes. For your protection, Zelle® should only be used for sending money to friends, family, or others you trust. Neither Wells Fargo nor Zelle® offers purchase protection for payments made with Zelle® - for example, if you do not receive the item you paid for or the item is not as described or as you expected. Payment requests to persons not already enrolled with Zelle® must be sent to an email address. To send or receive money with a small business, both parties must be enrolled with Zelle® directly through their financial institution’s online or mobile banking experience. For more information, view the Zelle® Transfer Service Addendum to the Wells Fargo Online Access Agreement. Your mobile carrier's message and data rates may apply. Account fees (e.g., monthly service, overdraft) may apply to Wells Fargo account(s) with which you use Zelle®.
Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
Wells Fargo Bank, N.A. Member FDIC.
QSR-03202026-7039702.1.1
LRC-0724