PUBLISHED: 4:10 PM on Wednesday, October 10, 2007
The account, for individuals ages 13 to 17 with an adult co-owner, combines financial education through Wells Fargo's Hands on Banking program, parental controls such as daily spending limits on debit card purchases and ATM withdrawals, money management tools, and account alerts. The Teen Checking account includes several free money management tools
"Parents set limits and controls on this account, but the teens are 'behind the wheel' of their own money management. If they hit a bump in the road, the controls help soften the impact," said Elaine Junge, Wells Fargo vice president and Alaska marketing manager.
