I was thinking about banking about Wachovia, and I talked to them and they told me you needed 100 dollars to open an account. Does anybody here that banks with them or just knows whether or not this is a fee, or just a certain amount you need in the account to open it?
2007-01-16 14:55:47 · 5 answers · asked by Josh 1 in Business & Finance ➔ Other - Business & Finance
That is the minimum to open an account. Not a fee.
Call around.
There are all kinds of banks. Some have minimums to open accounts. Some have minimums to not be charged fees. Some have free services. I'm sure you can find a bank with the services you need, without paying fees.
2007-01-16 15:01:52 · answer #1 · answered by FastDyna 2 · 0⤊ 0⤋
This is pretty much an industry standard anymore.
I have worked with them and others in the past, and it is not a fee, just an opening balance--let's face it, 4 twenty-five dollar checks written against is--and BAM! the account is now empty.
If you order checks, about 18 of the 100 goes to paying for the checks anyway!
So, save up till you have more to deposit, and get started as soon as you can--good Luck!
P.S. Skipping soda pop for a month will give you quite a nice addition to the account! My new friend gave up coca cola for one month and discovered he'd spent eight dollars on it at work!!!
2007-01-16 23:02:18 · answer #2 · answered by susieque 4 · 0⤊ 0⤋
It's not a fee. It goes into your account. The three banks I have used in the U.S. took a $100 opening deposit It's still your money.
2007-01-16 23:00:12 · answer #3 · answered by Patrick C 3 · 0⤊ 0⤋
Generally it's the amount needed to open the account
2007-01-16 23:00:13 · answer #4 · answered by Yahoo 2 · 0⤊ 0⤋
Not a fee.
2007-01-16 22:58:26 · answer #5 · answered by Anonymous · 0⤊ 0⤋