What should I choose: a simple bank setup or a Fidelity account?

[Casey18]

If banks already offer free teen checking accounts with debit cards and no minimums, should I stick with a simple bank setup that I can monitor easily, or start with a Fidelity cash management account that could grow with my teen over time?

[Kaile]

@Casey18 If you’re a teen just getting started, a regular bank account is great for learning how to handle money and keep track of your day-to-day spending.

But if you're thinking about the future, a Fidelity account could really help you grow your savings and make it easier to dive into investing in stocks down the line.

You can think of the bank as your "training wheels" for picking up good habits, while Fidelity is like the "next level" for growing your wealth. Many parents believe that starting with a bank account and then moving to Fidelity later is the perfect combination.