Chase First Banking account built by Chase in collaboration with Greenlight - a company on a mission to help parents raise financially smart kids.
Parents and kids now have a way to help them manage allowances, complete and check off chores, monitor spending, and save towards a goal. Chase First Banking is a new checking account with no monthly fees designed to help parents teach kids and teens about the importance of money management through the Chase Mobile app. The account built by Chase in collaboration with Greenlight - a company on a mission to help parents raise financially smart kids.
Most kids learn about money when out shopping with their families. But as more transactions happen digitally, kids can lose touch with real-time discussions on the value of money and how to think about purchases.
Allison Beer, Head of Digital for Consumer & Community Banking at JPMorgan Chase.
Families are juggling so many more responsibilities today than ever before. To help, we've made it easy for parents to manage kids' allowances, keep track of chores and teach important financial skills from within the Chase Mobile app.
To keep things simple, Chase First Banking accounts have three features—Earn, Spend and Save. Here is how it works:
Exclusively for Chase retail deposit account customers, Chase First Banking accounts can be opened for free by parents, adult family members and legal guardians through their Chase Mobile app. Chase has over 54 million digitally active and 39 million mobile active customers. In addition to Chase First Banking, the bank also offers checking and savings accounts for high school and college-aged youth.
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