Higher tiers also come with higher monthly fees, and higher minimum balances required to avoid those monthly fees. (valuepenguin.com)
Secondly, it comes with a rather high monthly fee of $ 49, for the most basic package. (valuepenguin.com)
Once your child turns 18 years old, most banks automatically convert the student account into a standard checking account, which usually come with slightly higher monthly fees than student accounts. (valuepenguin.com)