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? asked in Business & FinancePersonal Finance · 2 years ago

My mom can view and control my wellsfargo bank account?

Is it worth opening a completely new bank account so that I can use my money as I like? Are there any catches or downsides I should consider when having two bank accounts

Update:

I am 21

Update 2:

Recommendations for banks?

16 Answers

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  • 2 years ago

    If you are over 18, just have her removed form the account. Or sure, open a new account and stop using the old or close it.

  • 2 years ago

    You can open your own account, absolutely. Probably you should. Personally, I open accounts based on ATM availability near my workplace or home, figuring no bank is going to pay much interest or give significant benefits. Credit Unions are usually low in fees. You can list your mother or parents as beneficiary of the new account, meaning that in the unlikely event that you die, they get the money. If you have siblings you get along with, it might be better to list them, instead, as you will likely outlive your parents.

    If you have a joint account with your mother, and she is somehow funding you through it, then she has every right to control and look at account activity. That's a common arrangement for college students. If that's the case, then wait until you are independent, then put the money you earn into your own account.

  • Linda
    Lv 6
    2 years ago

    Since you are an ADULT - get your own Wells Fargo Bank Account.

  • 2 years ago

    If you are under 18, you are out of luck. If you are 18, you can set up an adult account,

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  • 2 years ago

    Yes, and I suggest you move most of your money to the new account. You can open it at Wells Fargo if you want but a smaller regional bank might be a better option.

  • zipper
    Lv 7
    2 years ago

    Depending on your age and mental state, I would open a new account in another bank and close the one mother is controlling!

  • 2 years ago

    If your name is the only one on the account, all you really have to do to maintain your financial privacy is to simply change your pin number on your ATM card and your User ID/Password on the on-line banking feature. This will disallow your mom to have access to your money.

    I am shocked beyond belief that you are 21 years old and in the height of technological access and cannot figure out how to make your account private.

    If your mom is on the account, you may have to open a new account and DO NOT share your information, pin numbers, user name or password with your mother.

    There are simple solutions to simple problems.

  • 2 years ago

    If you're underage they will not let you open one without an adult's name listed as well.

  • 2 years ago

    2 bank accounts could mean 2 service fees.

  • Anonymous
    2 years ago

    Are you an adult ?

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