It is best that when teenagers get an account, that they get one that has no fees because they have a limited amount of money coming in.
In general, teenagers don't earn a lot of money, any bank account that they get therefore, should be one that doesn't reduce this little amount of money that they get.
It is therefore best that teenagers try to find accounts that have little or reduced fees. To this end, some banks offer teenage savings accounts that:
- Don't charge for ATM withdrawals
- Don't charge for transactions on a debit card
In conclusion, teenagers should try to get accounts that do not have fees attached so as not to reduce the limited income they probably get.
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