Chase First Banking is an Android application designed by one of the largest US banks for kids and teens, helping them learn financial responsibility under parental supervision.
Green light
Parents can set up spending limits for their children, ensuring they only use funds where and when allowed. The app includes restrictions on specific merchants, preventing unauthorized purchases. With real-time notifications, it is possible to stay informed about every transaction.
Moreover, there is to assign chores and automate allowance payments directly into a child’s account. Kids can complete tasks and track their earnings, being motivated to manage funds properly. It is possible to set one-time or recurring chores, making financial education more interactive.
Debit
The utility provides a debit card that children can use for purchases, withdrawals and online transactions under your controls. The item ensures safe spending with built-in security features and spending restrictions. Additionally, you are able to freeze or unfreeze the access instantly if needed. If your kids behave correctly and complete assigned tasks, you may also reward them with redeemable bonuses.
Features
- a child has an option to withdraw cash at Chase ATMs with parental approval;
- similar to Greenlight, there is a smart reward system;
- allows to easily send money to a kids account for emergencies;
- free to download and use;
- compatible with supported Android versions.
