Ms. DeJesus-Lowe Wells Fargo Bank Banking Ms. DeJesus-Lowe Wells Fargo Bank

Checking Accounts Different Types Interest vs. No interest Accounts Teen accounts Minor accounts College accounts Adult accounts Interest vs. No interest Accounts

Checking Accounts (cont’d) Minor Accounts Requirements for the account: Age: Under 18 Co-signer: Must have adult signer over 18 Minimum deposit required to open account is $50 for checking (25$ for savings) No minimum credit score needed Debit card included? Yes Minimum balance needed? No

Checking Accounts (cont’d) Minor Accounts Fees? Teen Checking $3 Monthly Service Fee Overdraft/bounced check fee $15 W2S (Way 2 Savings) Savings = no Monthly Service Fee Interest? On savings accounts Rate varies Currently (week of 4/14/14) = 0.01% Ordering checks Checks must be requested by Adult Signer on minor checking accounts Online banking is included Online billpay is included

Checking Accounts (cont’d) Teen Accounts Requirements for the account: Age- 13 to 17 Co-signer: Yes Minimum deposit required to open account is $50 No minimum credit score needed Debit card is included No minimum balance needed

Checking Accounts (cont’d) Teen Accounts Fees $3 monthly service fee Monthly service fee waived with online only statements $15 fee for overdrafts/bounced check per item (max 30$ per day) No Interest earned Checks can only be ordered by adult signer on account Online banking is included Online billpay is included

Checking Accounts (cont’d) College Accounts Requirements for the account: Age- up to 24 Co-signer: None if over 18 Minimum deposit required to open account is $50 No minimum credit score needed Debit card is included No minimum balance needed But you can have monthly service fee waived with a $500 daily balance

Checking Accounts (cont’d) College Accounts Fees: $3 Monthly service fee Waived if you have $25 and Direct Deposit or $500 daily balance No interest Ordering checks is not free How much? Online banking is included Online billpay is included

Checking Accounts (cont’d) Adult Accounts Requirements for the account: Age- 18+ Co-signer: No Minimum deposit required to open account is $50 for checking ($25 for savings) No Minimum credit score needed Debit card is included The minimum balance needed varies by account

Checking Accounts (cont’d) Adult Accounts Fees: Monthly service fees vary by account W2S $12 waived with $2000 daily balance, 10 debit card transactions or $750 Direct Deposit each month Value Checking $9 MSF $7 with online statements- waived with $500 Direct Deposit per month or $1500 Daily Balance Overdraft/ Bounced Check fee $35 per item per day (Max of 4 items per day) Interest varies by account Ordering checks is not free How much? Online banking and billpay are included

Savings Accounts Interest vs. No interest Different types of accounts Interest rates varies by account and balance. Current rates are 0.01% to 0.45% for Savings accounts Interest is compounded at a variable rate Interest is compounded daily, but paid monthly Different types of accounts Way2Saving Savings is a savings account that is free to minors All others have balance requirements What happens when you go below your minimum balance?

Savings Accounts Online banking/billpay is free Fees vary by account Can you pay bills from a savings account Fees vary by account No debit cards: savings accounts get ATM/Cash card Visa debit cards are only available with Checking accounts