Opening a new account – much like going off to college – is a rite of passage for many students. The account you choose can help you ease into the habit of managing your own money and making good financial decisions while in school. Here’s a guide on how to open your first checking or savings account:
Figure out what you need
When it comes to determining what accounts will work for you, review your needs. Are you looking for an easy way to access cash? Will you need to write checks? Do you need a way to set money aside for longer-term savings goals? Also, consider the proximity and availability of your bank’s ATMs and branches, in addition to other personal preferences that may be important to you like online banking and overdraft protection.
The type of account you require will be based on your personal and financial needs and goals, so it’s important to know these before choosing your accounts.
Consider your options
Once you’ve identified your needs, evaluate your options:
- Checking account: A checking account can be opened individually or jointly, and you’ll need your basic information, Social Security number, driver’s license, and a minimum opening deposit amount. Most checking accounts come with checks, some don't
- choose which you'll need. The account can usually be linked to a debit card – giving you quick access to cash – and can be managed online, as well as at ATMs. Wells Fargo also has a unique service for cardholders called Card Design Studio® service, where you can insert your favorite image to appear on your Wells Fargo Debit Card. You can also provision your debit card to a digital
wallet.
- Savings account: Similar to checking, you’ll need to choose between an individual or joint savings account, and be prepared with the same basic information and an opening deposit amount. It is never too soon to start saving for your future financial goals. With an account like Wells Fargo Way2Save Savings , you have the opportunity to save automatically by linking to your checking account.
Actively monitor your accounts
Once you’ve set up your accounts, review your options for monitoring and managing them. One way to keep tabs on the status of your accounts is with alerts sent right to your email or wireless device. By signing up for these alerts, you can be notified quickly when a transaction takes place, allowing you to help monitor your account activity wherever, whenever.
There are a variety of Wells Fargo products that can assist you in managing your accounts. Wells Fargo Online® gives you 24-7 access to your accounts with activity details as well as various alerts you can choose from. And with Wells Fargo Mobile®, you can check your accounts on the run – choose from the mobile website or apps to help access your account.
Opening your first bank account is just one milestone in your financial future. Once you get started with opening an account, you’re one step closer to building a solid financial foundation for years to come.
Our best checking account for managing day-to-day financial needs
Bank conveniently
Most popular account with access to mobile deposit, Bill Pay, Zelle®, and contactless debit card
Write checks
Need to write checks? Everyday Checking makes it simple
Enjoy peace of mind
We've got you covered with optional Overdraft Protection
Make the grade
Designed with mobile in mind, this standard checking account is also ideal for college students
Everyday Checking fees and details
$10 each fee period You can avoid the $10 monthly service fee with one of the following each fee period:
|
No minimum daily balance required |
$25 minimum opening deposit |
Wells Fargo offers convenient ways to help you stay on top of your account and keep track of your balance to avoid overdrafts. |
Quick view of account fees (PDF) |
Must be 17 or older 17 year-olds must open at a branch – see what you'll need |
Open now Make an appointment at a branch |
Do more with the Wells Fargo Mobile® app
Plus all the features of a Wells Fargo checking account
Compare your checking account options
Compare bank accounts
Customize your banking experience
Wells Fargo credit cards – choose a credit card that fits your life
Way2Save® Savings – start saving money faster with a linked Wells Fargo savings account
Checking FAQs
You can apply online or in person:
- In just minutes you can apply through Wells Fargo Online® for a checking or savings account, credit card or loan.
- Or visit a Wells Fargo branch near you.
Enroll in Wells Fargo Online from your desktop or mobile device for secure online access to your accounts. Once you've enrolled, you'll receive an email confirmation, and you'll be ready to sign on and manage your accounts.
See more Banking FAQs