It’s never too early to start teaching your children about financial responsibility, and it’s never a bad idea to open up a chase account. Opening a Student checking account for your teen is a big decision that requires a lot of careful thought beforehand. That’s why I’ve put together a short list of things you need to consider when opening a Chase Student checking account.
If you’re looking for a great starter account for your child that offers a great incentive, get a coupon for the Chase Total Checking® + Chase SavingsSM accounts. For more Premium banking services, you may want to consider the Chase Premier Plus CheckingSM account.
|Chase Business Complete Checking®||$300 Cash||Review|
|Chase Private Client||$3,000 Cash||Review|
|Chase Total Checking®||$200 Cash||Review|
|J.P. Morgan Self-Directed Investing||Up to $700 Cash||Review|
|Chase College CheckingSM||$100 Cash||Review|
|Chase Secure BankingSM||$100 Cash||Review|
Opening a Chase Student Checking Account
Here are four things you may want to consider before opening a Chase account for your teen:
- Consider the Purpose for the Account: Do you want a checking or savings account? Do you want your teenager to be able to access money for school purposes or to invest in their future with a savings account? These are some questions that you need to consider before opening the account. You will need to know what is best for your situation. Be sure to speak with a Chase representative if you have any questions.
- Know Which Chase Account to Open: Research online to find out which Chase bank account option is best for your teenager, or go to your nearest Chase Bank branch and talk to a representative. Different accounts offer different benefits, so know which one is best for you and your teen! If you want to earn some cash bonuses and open a bank account for your teenager at the same time, scroll down for more details for our Chase Coupons.
- Set It Up Together: You’ll have to teach them the importance of maintaining the account. They’ll have to understand the responsibilities that having a bank account offers. By setting it up together, they can ask their own questions and learn more about the account. Make sure to walk them through the process of depositing and withdraw money. Show them all the features of how the bank account works like using it through a mobile device or accessing it through an ATM.
- Monitor Activity: After all is said and done and you made a Chase bank account, make sure that they aren’t making crazy purchases. They need to understand the importance of maintaining funds in their bank account. Show your son or daughter how to maintain a specific balance for their bank account. Show them the process of understanding what purchases they made. Make them responsible for their actions. After all, this is a big step into the adult world!
• Enjoy $100 as a new Chase checking customer when you open a Chase College CheckingSM account and complete 10 qualifying transactions within 60 days of coupon enrollment.
• No Monthly Service Fee for up to 5 years if you're a student between the ages of 17-24 at account opening with proof of student status.
• Students ages 18-24 with a Social Security Number can open an account online or at a Chase branch. Students with no Social Security number or who are 17-year-olds can only open an account at a branch.
• Keep track of your money in the Chase Mobile® app. The app helps you manage your money.
• Zelle® is available in more than 1,000 banking apps in the U.S. So you can send and receive money from almost anyone you know and trust who has a bank account in the U.S.
• Access to more than 15,000 Chase ATMs and more than 4,700 branches.
• JPMorgan Chase Bank, N.A. Member FDIC
• Chase Overdraft AssistSM – no overdraft fee if you’re overdrawn by $50 or less at the end of the business day or if you’re overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
*With Chase Overdraft AssistSM, we won’t charge an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts.
Opening a checking account is a great step forward for your teen. After learning how to manage an account, your child will be a much more responsible adult later on in life. Before you get started with the account, take a step back and think about the four things that are listed above.
Manage your money and open your student checking account today, see what you need to open a Chase Bank Account before you go in! If you want to hear about more banking options from Chase, check out our full list of Chase Coupons to get access to the latest banking promotions & the Best Chase Credit Card Deals to get started.