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.
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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!
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.