Can i start a bank account with no money

Q: What banks dont require a deposit to open an account?

Banks that Dont Require an Opening Deposit.

Great for customers who want help managing their money, including teens and students

We've got your back

Clear Access Banking has no overdraft fees

Go checkless

Don't need checks? Checkless banking is an easy solution

Keep it simple

Tap to pay with a contactless debit card or your digital wallet

Make your own way

Designed for lower balances, this is a great first teen bank account or second chance banking opportunity

Clear Access Banking fees and details

Monthly service fee	$5 each fee period You can avoid the fee in just one way: No monthly service fee charged for primary account owners 13 - 24 years old
Minimum balance	No minimum daily balance required
Minimum to open	$25 minimum opening deposit
Overdraft services	Clear Access Banking has no overdraft fees Optional overdraft services are not available for Clear Access Banking accounts
Other fees	Quick view of account fees (PDF)
Age requirements to open	Must be 13 or older (teens 13 - 16 years old need an adult co-owner) Teens 13 - 17 years old must open at a branch – see what you'll need
How to open a Clear Access Banking account	Open now Make an appointment at a branch

Parents – opening with a teen?

Remember, teens 13 - 17 years old must open at a branch and bring a state-issued ID or passport. Teens without ID need both a Social Security card and a birth certificate.

Bank On certified

Clear Access BankingSM is certified as meeting Bank On National Account Standards for safe and affordable bank accounts with no overdraft fees.

Do more with the Wells Fargo Mobile® app

Zelle®

Send and receive money in minutes

Mobile deposit

Skip the lines and deposit checks right from your smartphone

Digital wallet

Add debit and credit cards to your mobile device to tap and pay

Biometric authentication

Sign on to the mobile app with your fingerprint or face

Card control

Turn credit and debit cards on or off and track recurring payments

Plus all the features of a Wells Fargo checking account

Compare your checking account options

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Customize your banking experience

Wells Fargo credit cards – choose a credit card that fits your life

Way2Save® Savings – start saving money faster with a linked Wells Fargo savings account

Banking FAQs

Although we won't authorize transactions – such as ATM withdrawls, debit card purchases, or recurring debit card transactions – when you don't have enough money in your account to cover them when they are presented to us for authorization, certain transactions or account activity may result in a negative balance. For example, if you add a tip to a transaction after we've approved the transaction without the tip OR if we credit a deposit that is later returned unpaid, you may see a negative balance in your account. If this occurs, we won't assess an overdraft fee, but you need to repay the negative amount promptly.

You must be 18 years or older to open this account online.

17-year-olds can open this account without a parent. Teens 13 - 16 years old need an adult co-owner.

Teens 13 - 16 years old need an adult co-owner to open this account. Ages 13 - 17 must open at a branch and bring a state-issued ID or passport. Teens without ID need both a Social Security card and a birth certificate.

Second chance bank accounts provide a great opportunity for customers unable to open standard accounts due to past credit or banking history.

See more Banking FAQs

What banks don't require a deposit to open an account?

Banks that Don't Require an Opening Deposit.

Ally Bank. Ally Bank is a high-interest option with unique online integrations such as mobile check deposits, money transfers by voice, and automated savings programs. ... .

Axos Bank. ... .

Capital One. ... .

Discover. ... .

Monorail. ... .

State Farm. ... .

How much money do you need to start your own bank account?

If you do, opening an account at a bank or credit union is straightforward. The interest they pay for savings accounts You usually need to make an initial deposit between $25 and $100 to open a savings or checking account.

Do you need money to start a bank?

Banks generally need between $12 to $20 million in starting capital. If you start a local community bank, you might be able to raise that money locally. Otherwise, you may have to solicit investors. Once the capital is raised, you must apply to regulatory agencies.