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Establishing credit
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<blockquote data-quote="Rack" data-source="post: 157175" data-attributes="member: 4"><p>We got my daughter set up with Wells Fargo at age 15 with a checking and savings account. At age 18 or 19 she walked into wells and asked the "personal banker" (that's what they call the people that sit at a desk and answer questions or open accounts) for a credit card. They helped her complete the application right there online she received instant approval on her own for $500 limit. The only other "credit" she had before that was her cell phone bill that was in her name. Initially AT&T wouldn't let her sign up on her own. She had to post a $250 security deposit. After 12 months of consistent payments they returned her security deposit.</p></blockquote><p></p>
[QUOTE="Rack, post: 157175, member: 4"] We got my daughter set up with Wells Fargo at age 15 with a checking and savings account. At age 18 or 19 she walked into wells and asked the "personal banker" (that's what they call the people that sit at a desk and answer questions or open accounts) for a credit card. They helped her complete the application right there online she received instant approval on her own for $500 limit. The only other "credit" she had before that was her cell phone bill that was in her name. Initially AT&T wouldn't let her sign up on her own. She had to post a $250 security deposit. After 12 months of consistent payments they returned her security deposit. [/QUOTE]
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