Chase First Banking Review

Who is Chase First Banking best for?

Chase First Banking is best for:

• Parents who are existing Chase checking account customers
• Kids between the ages of 6 and 17
• Adult and child who share same residential address

Although the account is designed for kids aged six to 17 years old, they can continue using it once they turn 18. Unlike most kids’ checking accounts that transition to adult ones, this one remains the same, according to a customer rep we spoke to.

What we like about Chase First Banking

Chase First Banking is powered by Greenlight, a kids’ debit card platform known for its ease of use and flexible parental controls. But while Greenlight charges a monthly fee starting at $5.99, you get this kids’ Chase checking account for free. With no monthly fee, chore and allowance tracking and customizable parental controls, there’s a lot to like about this account.

Flexible parental controls

The Chase First Banking account has two mobile apps: one for your kid and the Chase Mobile app to manage your account.

Similar to many other kids’ cards, parents can set limits for spending and ATM withdrawals and get real-time alerts when their child makes a purchase.

And if your child is out and short on cash, they can send you a real-time request for more funds. Once you approve the request, funds are instantly transferred for free.

Chore and allowances

With Chase First Banking, parents can assign chores and pay one-time or recurring allowances. By earning money through the chore and allowance tracking, kids put those funds toward set savings goals and spend their money using their Chase First Banking debit card. And if you have multiple kids, parents can set up to five accounts.

What could be better

The Chase First Banking account has a few potential downsides. If you’re not already a Chase customer with one of the required Chase accounts, you can’t open the Chase First Banking account. And only one parent can open and manage a Chase First Banking account, so it can’t be co-managed by two parents unless you’re willing to share login information.

Lacking some key features for working teens

This Chase account has some limitations that make it not-so-great for older teens with jobs, since this account doesn’t support direct deposit or remote check deposit. Kids also can’t link their Chase First Banking debit card to Apple Pay or Google Pay or use their debit card for peer-to-peer transactions with Venmo, PayPal or Cash App.

Features and services unavailable with the Chase First Banking account include:

Chase First Banking’s fees and access

Compare Chase First Banking to other top bank accounts

Check out more accounts by monthly fees, features and minimum deposit to open.

5 of 7 results

Updated regularly

Finder Score	Fee	Age requirements	Features
Promoted 8.6 Great Acorns Early (formerly GoHenry)	8.6 Great	$5 per month	6 to 18 years old	Automate allowance & instantly send money to your child Optional parent-paid savings interest Spending controls & limits $5/month after Finder exclusive free trial	Get 2 months free and $10 allowance when you sign up to Acorns Early with Finder's exclusive code: AFFUSFDR10. T&Cs apply.	Get interactive money and investing tools for your kids, including expert-developed games and quizzes. Offers strong parental controls that allow you to set where and how much your child can spend.	Go to siteView details Compare product selection Compare	loading
Promoted 9.4 Excellent Cash App Families	9.4 Excellent	$0 per month	13 to 17 years old *	Start with as little as $1 Your teen can earn 3.75% interest on their savings Send and request money, deposit cash and access ATMs Free saving and investing** features with parental approval	Sponsor your teen's Cash App account with robust parental oversight and safety features, such as payment notifications and card locking. Help them invest, choose between colorful cards and decide which features they can access.	Go to siteView details Compare product selection Compare	loading
Promoted 9.2 Excellent Greenlight Finder Award	9.2 Excellent	$5.99 per month	Any age	Spend, save & invest Chores & allowance tools Spending controls & limits Instantly send money to your child Up to 6% savings rewards	Teach your child to spend, save and invest all in one app. Get 5+ financial literacy tools, including chores and allowances. All with powerful parental controls to decide where your child can spend and how much. Includes up to 6% savings rewards.	Go to siteView details Compare product selection Compare	loading
8.4 Great Revolut Kids & Teens account	8.4 Great	$0 per month	6 to 17 years old	Chore and allowance tracking Budgeting tools Set custom spending limits Set money goals Must have parent account for kids under 18	The Revolut Kids & Teens account card comes with chore and allowance tracking, parental controls, and budgeting tools for your kid. You must have a Revolut personal account to be eligible. Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.	Go to siteView details Compare product selection Compare	loading
8.8 Great Step	8.8 Great	$0 per month	Any age	Earn 3% on your savings $0 monthly fee Teens build credit safely Cashback rewards	Teens can build credit safely without overspending or paying interest. Earn 3% savings rewards with qualifying direct deposits, earn cashback rewards, learn about investing and more – all with $0 monthly fees. FDIC insured.	Go to siteView details Compare product selection Compare	loading

loading

Load More

Showing 5 of 7 results

What is the Finder Score?

The Finder Score applies to 45+ kids' debit card options. It takes into account the card's fees, features, age requirements, ATM access and more — this gives you a simple score out of 10.

To provide a Score, we compare like-for-like debit cards. So if you're comparing the best kids' cards with no monthly fees, you can see how card stacks up against each other by features, opening deposits and other benefits.

Read the full breakdown

How to open the Chase First Banking

Kids must be between the ages of six and 17 to be eligible for the account. Kids can’t open the account on their own and need a parent to open it for them. Also, parents must have one of these Chase accounts before they can open the Chase First Banking account for their kid:

• Chase Secure Banking℠
• Chase Total Checking®
• Chase Premier Plus Checking]
• Chase Sapphire Checking
• Chase Private Client Checking℠

Customer reviews and ratings

JPMorgan Chase has a lot of customer feedback, but the majority of the reviews are in reference to other products and services. Chase sports the highest Better Business Bureau (BBB) rating of A+, but it’s not accredited by the BBB. The BBB rating is based on how well Chase responds to customer complaints and feedback, so the bank appears to make a significant effort to resolve issues.

Like other long-standing banks, Chase has a large number of complaints — over 4,000 in the last few years. Its reviews are largely poor on BBB and Trustpilot, with most negative experiences and reviews referencing issues resolving fraud, account closures, issues with auto loans and poor customer service. Based on the sheer number of complaints around its fraud resolution, Chase’s fraud department may need improvement.

Chase has over 4,000 physical branches across the states, so your customer support is likely to vary.