Wells Fargo's Teen
Checking Account can not be opened online, but parents who want to introduce children to the
concept of brick - and - mortar banking may actually prefer taking their children to meet with a banker
as a first step.
If yuo don't know, the basic
concept is to use a line of credit from the bank and use it like a
checking account so you put yout income into it but get a LOC for like $ 10k, add in your income for that month, and use the $ 10k to pay the principal, and then pay your other expenses from that
account and
as long
as you are spending less than what is going in, you build that LOC back up again so you are able to pay back the $ 10k LOC and then use it again to pay toward the principal.