The Chase First Banking℠ was made exclusively for Chase checking customers to help teens and kids build good money habits. Powered by Greenlight, a debit card for kids, the account gives parents the control they want and kids the freedom they need to learn. Find everything you need to know about Chase First Banking℠ below.
Check out the latest Chase Bank Promotions here.
Monthly Fees | $0 |
Minimum Deposit to Open | $0 |
ATM Network | 16,000 ATMs nationwide |
Non-Chase ATM Fee | $3.00 for inquiries, transfers and withdrawals while using a non Chase ATM in the US, Puerto Rico and US Virgin Islands. Fees from the ATM owner/network still apply. $5 per withdrawal and $3.00 for any transfers or inquiries at ATMs outside the U.S., Puerto Rico and the U.S. Virgin Islands. Fees from the ATM owner/network still apply. |
Chase First Banking℠
- Where it’s available: Nationwide, Online (Bank Locator)
- $0 Monthly Service Fee
- For parents/guardians interested in teaching their child how to manage money using a debit card with the child’s name on it.
- The parent/guardian is the owner of this account and must have an online profile and one of these other checking accounts at account opening: a Chase Secure CheckingSM, Chase Total Checking®, Chase Premier Plus CheckingSM, Chase SapphireSM Checking, Chase Better Banking® Checking, Chase Premier CheckingSM, Chase CheckingSM or a Chase Private Client CheckingSM account.
- Benefits offered to these checking accounts do not apply to Chase First Checking accounts.
- Only the parent/guardian who opened the account can fund, view or manage this account.
- You can open a Chase First Checking account for your child who is 6-17 years old.
First Banking℠ Features
Chase First Banking℠ can be opened through an existing Chase checking customer and will be found on the Chase Mobile App. Once created, parents can use a variety of features to control their teen or kid’s financial habits. Here is a list of some features:
- $0 Monthly Service Fee
- Manage where and how much your child can spend
- Set limits on where and how much your child can spend
- Set up account alerts to keep track of their purchases
- Teens and kids can request money and you can approve or decline the request
- Help your child start saving and setting their own savings goals
- Teens and kids can set goals and transfer money they’ve received or earned at any time
- Track their progress in the Chase Mobile App
- Set up recurring allowance and assign one-time chores
- Make allowance easier with recurring payments
- Assign one-time chores to pay your teens and kids when they are done in the Chase Mobile App
Chase First Banking℠ Limitations
In order to create a Chase First Banking℠ account, the parent or guardian must have an existing Chase checking account. Here are a list of available Chase Checking Accounts:
Chase Secure Checking | $4.95 non-waivable monthly fee, cannot bring your balance below $0 |
Chase Premier Plus Checking℠ | $25 waivable monthly fee, variety of features |
Chase Sapphire℠ Checking | $25 waivable monthly fee, $0 ATM fees worldwide, 0% foreign transaction fees, $0 outgoing wire transfer fees |
Chase Private Client | No monthly fee, only open to clients who keep at least $250,000 in their Chase Accounts |
In addition, the adult and 6 year or older child must have the same residential address. The Chase First Banking℠ account can only be managed by one parent or parent checking account.
The account has additional limitations listed below:
- Does not support check deposits, digital wallets, or direct deposits
- Cannot use the account to write checks
Author’s Verdict
Chase First Banking℠ is an amazing account for any parent looking to teach their children good money habits. With a plethora of features aimed to give parents the control they need in managing their children’s account, the Chase First Banking℠ is the obvious choice for any Chase Customer with children.
Find our full list of the latest Chase Bank promotions here. Also, check out our full list of bank bonuses here.
Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain.
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