I want to open a bank account, so I want Wells Fargo. I have $120 It's a minimum opening deposit of $50 and a monthly fee of $5. So when I open the account do they keep that $50 or will it just be added with the rest of my money. So will I end up having $70 in the account and then it takes $5 off every month? Any suggestions on where else to open an account? This is my first and I want a good one but don't want to lose $50 over it.

Go to a credit union or a bank that does not charge a monthly fee. $60 a year is a very nice steak dinner !!

My C U only requires I keep $5 in it to keep the account open. They also offer a credit card with a reasonable interest rate (in case you cannot pay in full some month). They also have a combination ATM / debit card.

You keep the $50. All it means is they require a $50 minimum balance in your account at the time of opening. So you'll have $120 total if you deposit $120.

I've banked with Wells Fargo for about 5 years. I don't have any complaints about Wells Fargo but there's nothing that really makes then stand out either, just a bank. Had no problems with Wells Fargo since I began banking with them.

Don't open an account with a fee. Of course the $50 goes into your account. That is what making a deposit means.

there is not a fee if you get direct deposit or use your debit card 10x a month (which most people do) WF is a very good bank to start establishing a relationship with. They will have any service you could need throughout the stages of your life.

NEVER PAY (emphasis) fees. Go to a credit union.

Keep the money in your pocket its safer there