Must I Maintain Opening Deposit at Checking Account?

Question

Well i recently opened a Teens Checking Account at Wells Fargo in the San Diego Area and they had a opening deposit of $100 must i keep 100$ in there at all time? like will they charge me if my balance comes to $99?

Thanks.

Answer 1

No, you do not need to keep a $100 balance after the opening deposit.  There will be no fees or charges if you drop below $100.

(but part of that Teen account is that parents can set daily limits on your Check Card purchases and ATM withdrawls...so be careful of what you are spending!)

Answer 2

ask the bank what their rules are.  did you get some paper work with your bank account.  some banks have rules about min. balances.