U.S. Bank offers a student checking account for teens under 18, according to U.S. Bank. While teens under 18 can get a debit card and other perks of having their own bank account, a parent must sign as the co-owner of the account. Wells Fargo is another bank with accounts for teens under 18. The bank requires a parent to sign as a co-owner for this account, says Wells Fargo.Continue Reading
U.S. Bank offers a student checking account that has no monthly maintenance fees as long as the account holder agrees to online statements, says U.S. Bank. Another perk of this account is that it doesn't require a minimum balance. There are unlimited transactions allowed with the debit card, and online banking and mobile banking is available. There are no ATM fees when using a U.S. Bank ATM or MoneyPass network of ATMs.
Wells Fargo has a teen checking account that also includes a debit card, according to Wells Fargo. Since parents are co-owners of the account, they are able to track spending and set daily limits for transactions and ATM withdrawals. In most states, teens that reach 18 no longer need an adult co-owner, except in Alabama. Like U.S. Bank, account holders at Wells Fargo pay no monthly maintenance fees if they agree to online statements.Learn more about Bank Accounts