Wells Fargo 2007 Annual Report Download - page 25
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23
Tools for Life
Teen CheckingSM
|
Sometimes real-life experience is the best way to learn valuable lessons. Seventeen-year-old Briani Franklin
of Milwaukee, Wisconsin, and her mother, Tarena, agree. Together they opened a Teen Checking account so Briani can have a
little financial freedom—such as using her debit card when she goes shopping with friends from her basketball team—and
learn how to manage her money responsibly while her mother watches from a safe distance. The account combines financial
education, parental controls such as daily spending limits, and free account alerts. Opening the account led mother and
daughter to new conversations about managing money and budgeting — “tools for life,” as Tarena puts it. They learn from
each other. “I balance my checkbook by hand, but Briani does hers with Wells Fargo Online® Banking—something I’d like her
to teach me, too!”