A GenEdge Account from Wescom can help young adult members ages 15 through 17 learn how to build wealth, maintain it, and use the tools to reach their financial goals.
Features for Members Ages 15 through 17
A GenEdge Account gives young adults all the benefits that come with Wescom Membership, including:
Fee-Free Savings Account
It only takes $1 to open a GenEdge Savings Account and the standard $5 monthly service fee is waived for all Youth Account Members.
ATM Card with $250 Withdrawal Limit
With a GenEdge Account, you receive a free ATM Card with a daily withdrawal limit of $250, giving you access to deposit or withdraw funds from your account through any ATM.
Wescom Checking Account
Option to Receive a Wescom Visa® Debit Card
With a Wescom Checking Account, GenEdgers have the option to receive their first Wescom Visa® Debit Card that comes with a $500 daily spending limit and can be used to pay for purchases or as an ATM card with a $250 daily withdrawal limit.
Plus, if you're feeling creative, you could turn your Debit Card into an IMAGINE THAT! Picture Card. For $9.95, you can put your own image or snapshot on the Debit Card.
Free Online Banking with eBranch
Manage your money online through eBranch, the free Wescom home banking service, where you can view account balances, track transactions and make cash transfers and much more.
GenEdge Visa Credit Card
You can apply for a GenEdge Visa Credit Card, when a qualifying parent or guardian acts as co-borrower. It's a real credit card with real convenient spending power. Plus, you can customize your card's look with the IMAGINE THAT! Picture Card service (there is a fee of $9.95).
Option to Open College Saver Certificates
With a GenEdge Account, you have the option to open a College Saver Certificate so you can start earning dividends for the cost of your college education. Featuring a $250 minimum deposit and a 36-month term, you can make additional deposits during the Certificate's term as long as you are under the age of 18.
What You Will Need to Get Started
To open a GenEdge Account, stop by any Wescom branch location with:
- A parent or legal guardian to act as a joint owner on the account
- $1 minimum deposit
- One of the following forms of identification for the qualifying youth member:
- School I.D. Card
- Driver's License
- California State I.D. Card
- U.S. Passport
The account must be opened prior to the account holder's 18th birthday in order to establish and maintain the GenEdge Account.
A parent or legal guardian must be a Joint Owner on the Checking Account and ATM/Visa Debit Card. Account opening and VisaR Debit Card subject to verification through an account verification service and reserve the right to deny any application based on the results of negative information received through that service; and Credit Union approval.p>