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Chase First Banking This account was created for children to teach them the value of money. Greenlight, a popular kid’s debit card, powers the program.
Many of the top features are available in children’s banking products. Parents have a few management options.Continue reading to learn everything you need about Chase First Banking.
View the latest Chase Bank Promotions here.
|Minimum Deposit to Open||$0|
|ATM Network||16,000 ATMs nationwide|
|Out-of-Network ATM Fee||$2.50|
Chase First BankingSM
Create a Chase First Banking account. This is a debit card that’s available to children aged 6-17 years old with no monthly fees. Only for Chase checking customers
- Type of account: Chase First BankingSM
- Available: Online, Nationwide (Bank Locator)
- Credit inquiry: Soft PullCredit does not get affected by this.
- Opening Deposit: $0
- Direct Deposit Requirement: No
- Monthly Service Fee: None
Chase First Banking Features
Chase First Banking services can be accessed through the Chase Mobile Banking app. First Banking is available once you have opened it. The app allows parents to manage their children’s finances. The platform offers many features, including the ability to assign chores, pay allowances, and set spending limits. You can also restrict the amount your child spends at certain merchants or merchant types.
The Chase Mobile app allows children to access their account via their smartphone. They can choose which chores they want to do, track their spending, and check when they have received their allowance. Children who have an account will be able to get their own debit cards.
Additional First Banking features include:
- There is no monthly fee: Comparatively, Greenlight Costs $4.99 per month
- Savings goals: Children can save money for specific goals.
- Notifications: Parents receive real-time alerts whenever your child makes a purchase.
- Requests in real-time: You can request additional funds if your child is in need of cash. The funds will immediately transfer to your account once they are approved.
Chase First Banking Fees
Chase First Banking does not charge a membership fee. You can also open and keep your account at no additional cost. Your child will have free access to all Chase bank ATMs across the country. There is a $2.50 transaction fee when you withdraw money from an ATM that is not part of the Chase network. You won’t be charged any service fees or penalized for low balances.
Chase First Banking Limitations
Chase First Banking’s biggest problem is: Chase First Banking’s biggest drawback is that parents must have one of these Chase checking accounts first:
|Chase Secure Checking||Fixed $4.95 fee, declines any purchases that will bring your balance below|
|Chase Total Checking||Waivable $12 monthly fee, no-frills checking account.|
|Chase Premier Plus Checking||Waivable $25 monthly fee, more feature-rich checking.|
|Chase Sapphire Checking||Waivable $25 monthly fee, $0 ATM fees worldwide, 0% foreign transaction fees & $0 outgoing wire transfer fees.|
|Chase Private Client||No monthly fees, but only open to those who keep at least $250,000 in their Chase accounts.|
Two other requirements are required: The child must also be at least 6 years old and the adult must share the same address.
Chase First Banking? Only one parent can manage the account, unless you are willing to share your login details with your partner. This account does not have check-writing capabilities. It also doesn’t support direct deposits, digital wallets or check deposits.
Chase First Banking It is specifically designed for children and powered by Greenlight. First Banking? First Banking allows families to track their allowances, manage chores, and set savings goals. The platform is easy to use and offers flexible control options for parents to manage their child’s finances. The parent must be able to access the platform from their computer.Chase checking accounts To get listed.
If you are interested in bank with Chase, check out their offerings. Chase Bank Promotions You can do it! While you’re there, keep reading! HMB Check out our complete list Best Bank Promotions For more options, click here
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