Chase First Banking℠ is designed as an account for kids to help them learn the value of money. You’ll see many of the features in top children’s banking products, along with a few managements options as well. Read below for more information on what they have to offer.
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| Monthly Fee | $0 Monthly Service Fee |
| Minimum Deposit to Open | $0 |
| ATM Network | Thousands of ATMs nationwide |
| Non-Chase ATM Fee | $3 fee per withdrawal at a non-Chase ATM in the U.S. and the U.S. territories. $5 fee per withdrawal at a non-Chase ATM outside the U.S. and the U.S. territories. Surcharge Fees from the ATM owner/network still apply. U.S. territories include American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands. |
Chase First BankingSM
- What you’ll get: N/A
- Eligible account: Chase First BankingSM
- Credit inquiry: Soft pull, which does not affect your credit
- Where it’s available: Nationwide, Online (Bank Locator)
- Monthly fee: $0 Monthly Service Fee
Chase First Banking℠ Features
- Your child can learn how to manage finances with this just-for-kids banking account with their own debit card.
- Available for kids ages 6-17 and designed with kids ages 6-12 in mind. This account is parent-owned and needs to have an eligible Chase checking account.
- Teach your kids to spend, save and earn — all from the Chase Mobile® app.
- Reward responsibility with allowance transfers, set to repeat on the schedule you choose, and assign recurring chores and pay your child when they’re done.
- Chase First Banking helps parents teach teens and kids about money by giving parents the control they want and kids the freedom they need to learn
- Set limits on where and how much they can spend or withdraw from ATMs. Plus, Account Alerts help you keep track of their purchases.
- The parent or guardian is the owner of the account and needs to have an eligible Chase checking account
- JPMorgan Chase Bank, N.A. Member FDIC
Conclusion
Chase First Banking℠ is an account made for kids. It gives families a way to manage chores, track allowances, set savings goals, and more. First Banking is easy to use and provides parents with flexible control. To start, a parent must have an existing Chase checking account.
Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain.
